Forty-five countries including Brazil, Russia, India, China and South Africa plan to invest up to $ 274.9bn within the next decade. The purpose of the investment is to reduce electricity theft, which costs these countries $47bn annually; improve reliability and incorporate renewable energy, according to a study released Tuesday by Northeast Group LLC.
The annual study Emerging Markets Smart Grid: Outlook 2014 noted that investments will include smart metering and advancements for transmission and distribution grids. The 45 countries have deployed a total of 9.5m smart meters with two-way communications and this number is set to reach 523m by 2023. In 2014 the 45 countries are projected to deploy 5.6m smart meters.
The 190-page study includes a smart grid regulatory country index, scoring all 45 countries. The study also includes regional forecasts from 2013-2023. These forecasts cover AMI, distribution automation, home energy management and information technology.
The Outlook study comes with an option to include an excel dataset covering 122 countries from 2013-2-23, which represents 98 percent of the global metering market.