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Smart Meters Market Size, Share, Analysis & Forecast | 2031
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Smart Meters Market Size, Share, Analysis & Forecast | 2031

Segments - South and Central America Smart Meters Market by Types (Smart Gas Meter, Smart Water Meter, and Smart Electricity Meter) and Country (Brazil, Argentina, Mexico, Chile, Rest of South and Central America) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-3821 | 4.7 Rating | 63 Reviews | 213 Pages | Format : PDF Excel PPT

Report Description


South and Central America Smart Meters Market Outlook 2031

The South and Central America smart meters market size was USD 6.34 Million in 2022 and is expected to reach USD 12.83 Million by 2031 estimated to grow at a robust CAGR 8.15% during the forecast period, 2023-2031. The growth of market is attributed to large scale implementation initiative approved by the government, reducing non-technical losses and eradication of theft, and a ways to control utilities on remote basis and time-based tariffs.

Countries like Brazil and Mexico marshal in Southern America region in implementation of smart meters. Utilities available in Brazil such as Celpa, Light, Eletrobras, AES Eletropaulo and more experimentation with smart meters projected to multimillion-meter deployment.

South and Central America Smart Meters Market Outlook

Growing population increases the water consumption majorly used for 77% for agriculture, 13% for domestic use, and 10% by industries, Mexican residents of northwest, arid-north use average of around 75 gallon of water on the daily basis which is comparatively more than of US residents. Further, the distribution and transmission losses, poor metering, incorrect billing address and name, illegal access are some of the factors that act as a hindrance for the market growth.

COVID-19 pandemic have majorly impacted the rollouts of the smart meters in several parts of the regions of South America resulting in temporary shutdown of many industries, resulting in shipment and installation of smart meters witnessing major downfall by the industry.

  • Increasing supportive authorities, reduction in non-technical losses and functionality improvements is expected to drive the market in coming years.
  • Increasing privatization and adoption of enhanced technology is expected to attract foreign investment and is anticipated to boost the market during the projected period.
  • Lack of awareness about the use of outdated technology in some parts of the region is one of the factors anticipated to hinder the market growth.
  • Scarcity of water in many parts of the region possesses a challenge that can impede the growth of the market in the coming years.
  • Lack of awareness regarding up gradation of transmission lines act as a factor that can hamper the market expansion during the projected period.

Scope of South and Central America Smart Meters Market Report

The report South and Central America smart meter market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Smart Meter Market – South and Central America Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Types (Smart Gas Meter, Smart Water Meter, and Smart Electricity Meter)

Country

Brazil, Argentina, Mexico, Chile, Rest of South and Central America

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

KAMSTRUP AS; Elster Group GmbH (Honeywell International Inc); WASION GROUP HOLDINGS; ITRON INC; Sensus, a Xylem brand.

South and Central America Smart Meters Market Segment Insights

The smart gas meters segment is projected to expand at a high CAGR during the forecast period

Based on types, the market is segregated into smart water meter, smart electricity meter, and smart gas meter. Many emerging countries in the region are experiencing energy efficiency issues as a result of increased economic activity, which has resulted in much higher energy consumption rates. Smart gas meters indirectly affect the growth of a fully automated grid by reducing fuel consumption of gas heating systems.

Smart meter adoption is expected to increase globally as a result of these factors. Smart metering and smart grids technologies are being deployed to reduce energy waste in the industry. Smart metering systems allow energy companies to continuously monitor electricity usage by installing smart meters at several points throughout the grid.

South and Central America Smart Meters Market Types

Brazil is anticipated to dominate the market

In the terms of country, the market is fragmented into Brazil, Argentina, Mexico, Chile, and Rest of South & Central America. Brazil is anticipated to dominate the market during the projected period. With the rising demand for natural gas and the installation of pipelines in Brazil, the utility sector is now utilizing the Internet of Things to implement smart gas meters in a variety of enterprises.

Smart gas metering systems have emerged as the most effective option, offering real-time data monitoring, billing accuracy, and enhanced customer support.

Segments

The market of South and Central America smart meter has been bifurcated on the basis of

Types

  • Smart Gas Meter
  • Smart Water Meter
  • Smart Electricity Meter

Country

  • Brazil
  • Argentina
  • Mexico
  • Chile
  • Rest of South and Central America

Key players

Competitive Landscape

Key players competing in South and Central America smart meter market include KAMSTRUP AS; Elster Group GmbH (Honeywell International Inc.); WASION GROUP HOLDINGS: ITRON INC; Sensus, a Xylem brand. Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance

In January 2020, Landis+Gyr launched and Omni carrier cellular meter and service solution in order to simplify the complexity of installation of utilities for the IoT applications.

South and Central America Smart Meters Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Meters Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Smart Meters Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Smart Meters Market - Supply Chain
  4.5. Global Smart Meters Market Forecast
     4.5.1. Smart Meters Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Smart Meters Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Smart Meters Market Absolute $ Opportunity
5. Global Smart Meters Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Smart Meters Market Size and Volume Forecast by Types
     5.3.1. Smart Gas Meter
     5.3.2. Smart Water Meter
     5.3.3. Smart Electricity Meter
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Smart Meters Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Smart Meters Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Smart Meters Demand Share Forecast, 2019-2026
7. North America Smart Meters Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Smart Meters Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Smart Meters Market Size and Volume Forecast by Types
     7.4.1. Smart Gas Meter
     7.4.2. Smart Water Meter
     7.4.3. Smart Electricity Meter
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Smart Meters Demand Share Forecast, 2019-2026
8. Latin America Smart Meters Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Smart Meters Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Smart Meters Market Size and Volume Forecast by Types
     8.4.1. Smart Gas Meter
     8.4.2. Smart Water Meter
     8.4.3. Smart Electricity Meter
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Smart Meters Demand Share Forecast, 2019-2026
9. Europe Smart Meters Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Smart Meters Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Smart Meters Market Size and Volume Forecast by Types
     9.4.1. Smart Gas Meter
     9.4.2. Smart Water Meter
     9.4.3. Smart Electricity Meter
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Smart Meters Demand Share Forecast, 2019-2026
10. Asia Pacific Smart Meters Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Smart Meters Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Smart Meters Market Size and Volume Forecast by Types
     10.4.1. Smart Gas Meter
     10.4.2. Smart Water Meter
     10.4.3. Smart Electricity Meter
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Smart Meters Demand Share Forecast, 2019-2026
11. Middle East & Africa Smart Meters Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Smart Meters Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Smart Meters Market Size and Volume Forecast by Types
     11.4.1. Smart Gas Meter
     11.4.2. Smart Water Meter
     11.4.3. Smart Electricity Meter
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Smart Meters Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Smart Meters Market: Market Share Analysis
  12.2. Smart Meters Distributors and Customers
  12.3. Smart Meters Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. KAMSTRUP AS
     12.4.2. Elster Group GmbH (Honeywell International Inc)
     12.4.3. WASION GROUP HOLDINGS
     12.4.4. ITRON INC
     12.4.5. Sensus, a Xylem brand.

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