Latin America Smart Grid Technology Market is Expected to Reach $38.30 million in 2018 - New Report by MicroMarket Monitor

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The Latin America Smart Grid Technology Market report defines and segments the smart grid technology market in Latin America with analysis and forecast of revenue. http://www.micromarketmonitor.com/market/latin-america-smart-grid-technology-5835347771.html

MicroMarket Monitor

MicroMarket Monitor

Key players in the Latin America Smart Grid Technology Market are Echelon Corporation (U.S.) and Elster group (Germany), Comverge (U.S.) & others.

The Latin America Smart Grid Technology Market report defines and segments the smart grid technology market in Latin America with analysis and forecast of revenue.

Browse through the TOC of the Latin America Smart Grid Technology Market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the Latin American smart grid technology market, and is supported by various tables and figures.
http://www.micromarketmonitor.com/market/latin-america-smart-grid-technology-5835347771.html

This market is segmented and forecast on the basis of geography and type. The geographical segmentation of the market is on the basis of the major countries in the region, such as Brazil and Argentina, among others.

The market is segmented on the basis of types such as software, smart sensors, smart communication network, and smart meter. The software segment in the smart grid technology market is divided into supervisory control and data acquisition (SCADA), demand response management systems, distributed management systems, and advance metering MDM. The smart sensor segment in the smart grid technology market is divided into home area network (HAN) sensors, dynamic line rating sensors, transformer monitoring sensors, and voltage sensors. The market is further segmented and forecast on the basis of smart communication network, such as Zigbee, Z-Wave, and Wi-Fi.

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Latin America has been called the ‘next major smart grid opportunity’ by both vendors and renowned industry experts; however, the region as a whole has yet to pick up significant steam when it comes to large scale smart grid deployments. One of the major drivers for the smart grid technology market in Latin America is that the smart grid network, which reduces the transmission and distribution loss. Since, the entire process is automated and there is bidirectional communication, the losses are trimmed down by 10 – 15% annually.

Early buyers will receive 10% customization on this report.
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In Brazil, large government-controlled companies dominate the electricity sector. The government of Brazil announced funds worth $200 million for smart grid projects and will deploy smart meters across the country by 2021, to help in the development of smart grid technology in Latin America. Conventional renewables (large hydro power plants) play a very important role in Brazil, allowing important local developments, however, shortage of rains can influence the system behaviour, causing very large energy cost variations.

In the Latin American smart grid technology market, Brazil is the fastest-growing market, projected to grow at a CAGR of 12.0% for the given forecast period.

This report also includes market share and value chain analysis, and market metrics such as drivers & restraints. In addition, it presents a competitive landscape and company profiles of the key players in the market, including major companies which provide wireless chipsets.

Related Reports:

North America Smart Grid Technology Market
Smart grid aims to develop the power grid by assembling of emerging and existing technology that reinforces the utility to decrease the distribution and transmission loss. This can be achieved with the help of communication networks, smart sensors, advanced metering infrastructure and software’s.

Smart grid will enhance the grid reliability by monitoring the frequency and the number of disturbances and duration of power outages, including reduction of the possibility of regional blackouts. It will equilibrate the electricity demand and supply. Smart grid will amend the dependability and efficiency in energy distribution and assist in optimizing utilization of resources.
http://www.micromarketmonitor.com/market/north-america-smart-grid-technology-7757076723.html

Asia-Pacific Smart Grid Technology Market
Smart grid will amend the dependability and efficiency in energy distribution and assist in optimizing utilization of resources. Smart grid will enhance the grid reliability by monitoring the frequency and the number of disturbances and duration of power outages, including reduction of the possibility of regional blackouts. It will equilibrate the electricity demand and supply.

Increasing government support, Reduction in distribution and transmission loss, increase in energy efficiency are the pilots of this market. Smart grid architecture used integrated communication network coupled with software is the major factor to drive Asia-pacific smart grid market.
http://www.micromarketmonitor.com/market/asia-pacific-smart-grid-technology-1358595742.html

Europe Smart Grid Technology Market
Smart grid will enhance the grid reliability by monitoring the frequency and the number of disturbances and duration of power outages, including reduction of the possibility of regional blackouts. It will equilibrate the electricity demand and supply. Smart grid will amend the dependability and efficiency in energy distribution and assist in optimizing utilization of resources.

Up gradation of old technology and adopting a new technology are the current trend predominate in the smart grid technology, which will give rise to a more efficient usage of electricity.

Increases in energy efficiency and Reduction in distribution and transmission loss is one of the major drivers of this market. The installation of the entire smart grid network required high cost and lack of interoperability standards are the restraints of smart grid market. The governments of different countries are deploying important roles in the commercialization of this and passing on regulations and accreditation for the same.

There are vast amounts of investments happening in this market, which are an opportunity for the growth of the market.
http://www.micromarketmonitor.com/market/europe-smart-grid-technology-4749406798.html

About MicroMarket Monitor:

MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.

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