According to a new study by the Northeast Group, total smart grid market in South America will cumulatively reach nearly US$50bn by 2023. This includes investments in Advanced Metering Infrastructure (AMI), distribution automation, wide area measurement, home energy management and information technology.
The region is one of the most attractive emerging market regions for smart grids. Brazil is leading the way with pilot projects dating back to the mid-2000s, over one million smart meters deployed and a number of smart city projects that are testing out a variety of smart grid applications. Ecuador has also set an ambition timeline for smart grid development, while Colombia and Peru are in the process of finalizing smart grid roadmaps. Chile is developing its own smart city projects, Argentina is funding smart grid R&D, and even Paraguay is developing smart meter pilot projects. Beyond AMI, distribution automation is a focus for almost all South American utilities due to high outage rates, and several South American countries are also currently developing phasor measurement unit projects throughout the transmission grid.
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