Emerging market offers strong prospects for smart meter technology

New report from research and consulting firm Northeast Group, LLC suggests that emerging markets could become a major source of investment into smart grid technology over the coming decade. 

The shift toward smart grids throughout the world has thus far focused largely on Western and the major eastern Asia markets that already boast impressive electrification rates and grid reliability. These regions account for 95 percent of current investment and are likely to continue this dominance in the near future. 

However, the limitations of the electrical grid in emerging markets such as Brazil, Mexico, Poland, Singapore, the United Arab Emirates and other countries in their regions actually represent a greater opportunity for improvement from smart grid systems, with issues such as electricity theft and reliability more prominent in these areas. 

As such, Northeast Group projects that these countries represent a $27 billion market for smart meters and other smart grid technology. By the end of the decade, this number could surge to as much as $49 billion, in part because more than one-quarter already face smart grid requirements, but also because on average these nations' economies are growing at more than twice the global average.

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