Smart Grid market in South America to reach $4.8 billion by 2023

reogma|Smart Grid market in South America to reach $4.8 billion by 2023

The South American grid is currently experiencing fluctuations in the cost of energy, high energy loss, and energy theft.

These factors drive demand for increased grid transparency, reliability, and control. The smart grid market in South America will cumulatively be $4.8 billion over the period 2019-2023.

  • Definition / Scope
  • Market Overview
  • Market Risks
  • Top Market Opportunities
  • Market Trends
  • Industry Challenges
  • Technology Trends
  • Pricing Trends
  • Regulatory Trends
  • Other Key Market Trends
  • Market Size and Forecast
  • Market Outlook
  • Technology Roadmap
  • Distribution Chain Analysis
  • Competitive Landscape
  • Competitive Factors
  • Key Market Players
  • Strategic Conclusion
  • References
  • Appendix

Definition / Scope

The Smart Grid is the concept of modernizing the electric grid. The Smart Grid comprises everything related to the electric system in between any point of generation and any point of consumption.

A key benefit of modernizing the electricity network through the adoption of smart grids is the ability to reduce power consumption at the consumer end during peak hours, via demand management.

The International Energy Agency (IEA) defines smart grids as follows: “A smart grid is an electricity network that uses digital and other advanced technologies to monitor and manage the transport of electricity from all generation sources to meet the varying electricity demands of end-users.

Smart grids coordinate the needs and capabilities of all generators, grid operators, end-users, and electricity market stakeholders to operate all parts of the system as efficiently as possible, minimizing costs and environmental impacts while maximizing system reliability, resilience, and stability."

A smart grid uses smart meters instead of the mechanical meters to record the power consumed in real-time. It also provides a means of communication to interact with the generation of plants. The advanced sensors used in this help to avoid congestion and give the grid stability.

By using systems like supervisory control and data acquisition (SCADA), fiber optics, energy management systems, and wireless mesh networks the communications between the consumer and the supply station will help to provide real-time control of power supply and also data flow.

The smart grid thus provides the opportunity for the economy as well as the environment by providing a reliable and efficient power supply through various smart grid applications and technologies.

Table: South American Smart Grid Market Key Segments

reogma|Smart Grid market in South America to reach $4.8 billion by 2023


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The South American grid is currently experiencing fluctuations in the cost of energy, high energy loss, and energy theft. These factors drive demand for increased grid transparency, reliability, and control. The smart grid market in South America will cumulatively be $4.8 billion over the period 2019-2023. Definition / Scope Market […]
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