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 2021 – 2028
The South and Central America smart meters market witnessed a shipment of approximately 4.14 million units of smart meters in 2020 and is estimated to grow at a robust CAGR during the forecast period 2021-2028.
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.
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.
Market Trends, Drivers, Restraints, and Opportunities
- 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- Lack of awareness about the use of outdated technology in some parts of the region is one of the factors anticipated to hinder the market growth.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
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 |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
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.
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 ofTypes
- Smart Gas Meter
- Smart Water Meter
- Smart Electricity Meter
- Brazil
- Argentina
- Mexico
- Chile
- Rest of South and Central America
- KAMSTRUP AS
- Elster Group GmbH (Honeywell International Inc)
- WASION GROUP HOLDINGS
- ITRON INC
- Sensus, a Xylem brand.
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.
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.
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.
The market of South and Central America smart meter has been bifurcated on the basis of
Types
Types
- Smart Gas Meter
- Smart Water Meter
- Smart Electricity Meter
- Brazil
- Argentina
- Mexico
- Chile
- Rest of South and Central America
- KAMSTRUP AS
- Elster Group GmbH (Honeywell International Inc)
- WASION GROUP HOLDINGS
- ITRON INC
- Sensus, a Xylem brand.
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.
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