The Latin America, Middle East and Africa Smart Grid Market should witness market growth of 19.2% CAGR during the forecast period (2022-2028).
Smart Grid technology will make it possible for the grid to more effectively adapt to the dynamics of distributed generation and renewable energy sources, making it easier for utilities and customers to utilise these resources and profit from them. It is difficult for the grid to take input from many dispersed energy resources since the present infrastructure was built to transport electricity from centralised supply sources to fixed, predictable demands.
Moreover, the grid will need integrated monitoring and control, in addition to integration with substation automation, to govern various energy flows and arrange for backup capacity to supplement intermittent generation because intermittent supplies like solar and wind power. Controlling bidirectional power flows as well as monitoring, managing, and supporting these remote resources will be made simpler by smart grid capabilities.
Customers are given the means to take advantage of real-time power pricing, emergency load reduction signals orincentive-based load reduction signals, via sophisticated communications capabilities. Moreover, a smart grid may enable distribution generation resources like domestic solar panels, which allow certain small participants like individual residences and small businesses to sell their conserved energy to neighbours or back to the grid. The same will apply to bigger commercial enterprises that have backup or renewable power systems that may provide electricity for a fee at times of peak demand, which usually occur in the summer when air conditioners put a burden on the grid.
Due to increased adoption of solutions to reduce outages and revenue losses and improve management with minimum interruptions, the Middle East & Africa is predicted to develop. With new developments to accommodate conventional and non-conventional energy resources, the area is expected to expand steadily. In February 2021, Amazonas Energia, a Brazilian energy distribution firm, chose Landis+Gyr for an advanced metering infrastructure project. SGP+M Mesh IP intelligent centralised metering from Landis+Gyr will serve 100,000 consumers for the utility.
DEWA launched its Smart Grid vision for 2035 in 2014. DEWA met Smart Grid Strategy 2014-2035 short-term targets. DEWA modified its Smart Grid Strategy to 2035 in 2021, shifting from a technology-led to a value-driven strategy and consolidating its 10 smart grid programmes into 6 themes with 19 global smart grid capabilities. Hence, LAMEA's Smart Grid Market will benefit from the government's smart city ambitions.
The Brazil market dominated the LAMEA Smart Grid Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,734.5 million by 2028. The Argentina market is experiencing a CAGR of 19.9% during (2022-2028). Additionally, The UAE market would exhibit a CAGR of 18.9% during (2022-2028).
Based on Component, the market is segmented into Solution (Smart Grid Distribution Management, Substation Automation, Smart Grid Network Management, Smart Grid Metering Infrastructure, Smart Grid Security, Smart Grid Communications, and Others) and Services. Based on End-user, the market is segmented into Commercial, Industrial, and Residential. Based on Application, the market is segmented into Distribution, Transmission, Consumption, and Generation. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric Company (GE Grid Solutions), Schneider Electric SE, Cisco Systems, Inc., IBM Corporation, Siemens AG, Wipro Limited, Honeywell International, Inc., Oracle Corporation, ABB Group, and Itron, Inc.
Smart Grid technology will make it possible for the grid to more effectively adapt to the dynamics of distributed generation and renewable energy sources, making it easier for utilities and customers to utilise these resources and profit from them. It is difficult for the grid to take input from many dispersed energy resources since the present infrastructure was built to transport electricity from centralised supply sources to fixed, predictable demands.
Moreover, the grid will need integrated monitoring and control, in addition to integration with substation automation, to govern various energy flows and arrange for backup capacity to supplement intermittent generation because intermittent supplies like solar and wind power. Controlling bidirectional power flows as well as monitoring, managing, and supporting these remote resources will be made simpler by smart grid capabilities.
Customers are given the means to take advantage of real-time power pricing, emergency load reduction signals orincentive-based load reduction signals, via sophisticated communications capabilities. Moreover, a smart grid may enable distribution generation resources like domestic solar panels, which allow certain small participants like individual residences and small businesses to sell their conserved energy to neighbours or back to the grid. The same will apply to bigger commercial enterprises that have backup or renewable power systems that may provide electricity for a fee at times of peak demand, which usually occur in the summer when air conditioners put a burden on the grid.
Due to increased adoption of solutions to reduce outages and revenue losses and improve management with minimum interruptions, the Middle East & Africa is predicted to develop. With new developments to accommodate conventional and non-conventional energy resources, the area is expected to expand steadily. In February 2021, Amazonas Energia, a Brazilian energy distribution firm, chose Landis+Gyr for an advanced metering infrastructure project. SGP+M Mesh IP intelligent centralised metering from Landis+Gyr will serve 100,000 consumers for the utility.
DEWA launched its Smart Grid vision for 2035 in 2014. DEWA met Smart Grid Strategy 2014-2035 short-term targets. DEWA modified its Smart Grid Strategy to 2035 in 2021, shifting from a technology-led to a value-driven strategy and consolidating its 10 smart grid programmes into 6 themes with 19 global smart grid capabilities. Hence, LAMEA's Smart Grid Market will benefit from the government's smart city ambitions.
The Brazil market dominated the LAMEA Smart Grid Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,734.5 million by 2028. The Argentina market is experiencing a CAGR of 19.9% during (2022-2028). Additionally, The UAE market would exhibit a CAGR of 18.9% during (2022-2028).
Based on Component, the market is segmented into Solution (Smart Grid Distribution Management, Substation Automation, Smart Grid Network Management, Smart Grid Metering Infrastructure, Smart Grid Security, Smart Grid Communications, and Others) and Services. Based on End-user, the market is segmented into Commercial, Industrial, and Residential. Based on Application, the market is segmented into Distribution, Transmission, Consumption, and Generation. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric Company (GE Grid Solutions), Schneider Electric SE, Cisco Systems, Inc., IBM Corporation, Siemens AG, Wipro Limited, Honeywell International, Inc., Oracle Corporation, ABB Group, and Itron, Inc.
Scope of the Study
By Component
- Solution
- Smart Grid Distribution Management
- Substation Automation
- Smart Grid Network Management
- Smart Grid Metering Infrastructure
- Smart Grid Security
- Smart Grid Communications
- Others
- Services
By End-user
- Commercial
- Industrial
- Residential
By Application
- Distribution
- Transmission
- Consumption
- Generation
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- General Electric Company (GE Grid Solutions)
- Schneider Electric SE
- Cisco Systems, Inc.
- IBM Corporation
- Siemens AG
- Wipro Limited
- Honeywell International, Inc.
- Oracle Corporation
- ABB Group
- Itron, Inc.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Smart Grid Market, by Component
1.4.2 LAMEA Smart Grid Market, by End User
1.4.3 LAMEA Smart Grid Market, by Application
1.4.4 LAMEA Smart Grid Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Analyst's Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2018, Sep - 2023, Feb) Leading Players
Chapter 4. LAMEA Smart Grid Market by Component
4.1 LAMEA Solution Market by Country
4.2 LAMEA Smart Grid Market by Solution Type
4.2.1 LAMEA Smart Grid Distribution Management Market by Country
4.2.2 LAMEA Substation Automation Market by Country
4.2.3 LAMEA Smart Grid Network Management Market by Country
4.2.4 LAMEA Smart Grid Metering Infrastructure Market by Country
4.2.5 LAMEA Smart Grid Security Market by Country
4.2.6 LAMEA Smart Grid Communications Market by Country
4.2.7 LAMEA Others Market by Country
4.3 LAMEA Services Market by Country
Chapter 5. LAMEA Smart Grid Market by End User
5.1 LAMEA Commercial Market by Country
5.2 LAMEA Industrial Market by Country
5.3 LAMEA Residential Market by Country
Chapter 6. LAMEA Smart Grid Market by Application
6.1 LAMEA Distribution Market by Country
6.2 LAMEA Transmission Market by Country
6.3 LAMEA Consumption Market by Country
6.4 LAMEA Generation Market by Country
Chapter 7. LAMEA Smart Grid Market by Country
7.1 Brazil Smart Grid Market
7.1.1 Brazil Smart Grid Market by Component
7.1.1.1 Brazil Smart Grid Market by Solution Type
7.1.2 Brazil Smart Grid Market by End User
7.1.3 Brazil Smart Grid Market by Application
7.2 Argentina Smart Grid Market
7.2.1 Argentina Smart Grid Market by Component
7.2.1.1 Argentina Smart Grid Market by Solution Type
7.2.2 Argentina Smart Grid Market by End User
7.2.3 Argentina Smart Grid Market by Application
7.3 UAE Smart Grid Market
7.3.1 UAE Smart Grid Market by Component
7.3.1.1 UAE Smart Grid Market by Solution Type
7.3.2 UAE Smart Grid Market by End User
7.3.3 UAE Smart Grid Market by Application
7.4 Saudi Arabia Smart Grid Market
7.4.1 Saudi Arabia Smart Grid Market by Component
7.4.1.1 Saudi Arabia Smart Grid Market by Solution Type
7.4.2 Saudi Arabia Smart Grid Market by End User
7.4.3 Saudi Arabia Smart Grid Market by Application
7.5 South Africa Smart Grid Market
7.5.1 South Africa Smart Grid Market by Component
7.5.1.1 South Africa Smart Grid Market by Solution Type
7.5.2 South Africa Smart Grid Market by End User
7.5.3 South Africa Smart Grid Market by Application
7.6 Nigeria Smart Grid Market
7.6.1 Nigeria Smart Grid Market by Component
7.6.1.1 Nigeria Smart Grid Market by Solution Type
7.6.2 Nigeria Smart Grid Market by End User
7.6.3 Nigeria Smart Grid Market by Application
7.7 Rest of LAMEA Smart Grid Market
7.7.1 Rest of LAMEA Smart Grid Market by Component
7.7.1.1 Rest of LAMEA Smart Grid Market by Solution Type
7.7.2 Rest of LAMEA Smart Grid Market by End User
7.7.3 Rest of LAMEA Smart Grid Market by Application
Chapter 8. Company Profiles
8.1 General Electric Company (GE Grid Solutions)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 Schneider Electric SE
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.6 SWOT Analysis
8.3 Cisco Systems, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.6 SWOT Analysis
8.4 IBM Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional & Segmental Analysis
8.4.4 Research & Development Expenses
8.4.5 SWOT Analysis
8.5 Siemens AG
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.6 SWOT Analysis
8.6 Wipro Limited
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 SWOT Analysis
8.7 Honeywell International, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 SWOT Analysis
8.8 Oracle Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 SWOT Analysis
8.9 ABB Group
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 SWOT Analysis
8.10. Itron, Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expense
8.10.5 Recent strategies and developments:
8.10.5.1 Partnerships, Collaborations, and Agreements:
Companies Mentioned
- General Electric Company (GE Grid Solutions)
- Schneider Electric SE
- Cisco Systems, Inc.
- IBM Corporation
- Siemens AG
- Wipro Limited
- Honeywell International, Inc.
- Oracle Corporation
- ABB Group
- Itron, Inc.
Methodology
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