A new report by the Northeast Group has determined that South America’s smart meter market will reach 104.5 million meters and $25.1 billion by 2020. The study, Smart Grid Market Forecast (2011-2020), projects other smart grid technologies including distribution automation will also grow quickly. Brazil is poised to be first to initiate large-scale deployments, followed by Chile and Argentina.
The largest country in South America is preparing to becoming the “smartest” as well. General Electric (GE), Trilliant and AES Eletropaulo are collaborating in a smart grid research and development project that will ultimately bring the benefits of smart meters to Sao Paulo. The end goal is to use Sao Paulo as the foundation for establishing a more reliable and efficient energy infrastructure throughout the entire county.