Mexico and Singapore among new $49bn market for smart grids

Mexico, Singapore and Poland are just a few of the countries that could make up a $49billion market for smart metering in under a decade. A US study by smart […]

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By Vicky Ellis

Mexico, Singapore and Poland are just a few of the countries that could make up a $49billion market for smart metering in under a decade. A US study by smart grid analysts Northeast Group pinpointed 25 nations it believes have huge potential for the new technology.

Northeast said the majority of smart grid activity has so far been focused in North America, Western Europe and East Asia, with more than 95% smart meters installed in these markets.

But this balance could change, according to the research, which sees “very strong potential” in countries including Brazil, Bulgaria, the Czech Republic, Hungary, Poland, Romania, Slovakia, Slovenia, and the United Arab Emirates.

The report, called ‘Emerging Markets Smart Grid: 25-Country Overview’ looked at Central and Eastern Europe, Latin America, the Middle East, Africa and Southeast Asia but did not cover the Chinese or Indian markets.