“Mexico is well positioned to develop into a leading smart grid market, both in the Latin America region and globally.”
The Mexico Smart Grid Market Forecast that was released late last week by DC-based research and consulting firm Northeast Group, projects that the total market will reach at least $8.3 billion by the year 2020, trailing only Brazil in all of Latin America. This opportunity is represented largely by the smart metering market in Mexico, which plans to deploy more than 21 million smart meters by the end of this decade. In addition, areas of the market, such as distribution automation, wide area measurement and home energy management are expected to grow substantially over this period.
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