Groowe Groowe BETA / Newsroom
⏱ News is delayed by 15 minutes. Sign in for real-time access. Sign in

Latin America and the Caribbean Smart Metering Research Report 2026: Profiles of 18 Meter Vendors, 5 Communications Solution Providers, 6 Software Solution Providers, and 10 System Integrators - ResearchAndMarkets.com

businesswire.com
HON Honeywell is mentioned as a meter vendor in the context of smart metering in Latin America and the Caribbean. The article does not provide specific sentiment towards Honeywell's performance or prospects. IBM IBM is listed as a system integrator in the smart metering market for Latin America and the Caribbean. The article does not offer specific sentiment or performance indicators for IBM. SAP SAP is listed as a software solution provider in the smart metering market for Latin America and the Caribbean. The article does not offer specific sentiment or performance indicators for SAP. AMX America Movil is mentioned as a system integrator and communications service provider in the Latin American smart metering market. The article does not provide specific sentiment towards the company. T While not explicitly mentioned, AT&T is a major player in telecommunications and IoT, relevant to smart metering communications. The article does not provide specific sentiment for AT&T. VZ While not explicitly mentioned, Verizon is a major player in telecommunications and IoT, relevant to smart metering communications. The article does not provide specific sentiment for Verizon. AVNT Aviat Networks (4RF) is listed as a communications solution provider in the smart metering market. The article does not provide specific sentiment or performance details for the company. HUBB Aclara, a Hubbell company, is listed as a meter vendor in the smart metering market. The article does not provide specific sentiment towards Hubbell or its subsidiary. ITRN Itron is listed as a meter vendor in the smart metering market for Latin America and the Caribbean. The article does not provide specific sentiment or performance details for Itron.

DUBLIN--( BUSINESS WIRE)--The "Smart Metering in Latin America and the Caribbean - 3rd Edition" report has been added to ResearchAndMarkets.com's offering.

This strategic research report provides you with over 200 pages of unique business intelligence, including 6-year industry forecasts, expert commentary and real-life case studies on which to base your business decisions.

Smart metering is widely regarded as a cornerstone for future smart grids and is currently being deployed all over the developed world, with a growing number of large-scale initiatives now also being launched in developing countries. With more than 223 million electricity customers, Latin America and the Caribbean constitute a large market with significant potential, as well as a significantly lower penetration rate of smart meters in comparison to regions such as East Asia, Europe and North America.

The annual demand for electricity meters in Latin America and the Caribbean ranges from 20 to 30 million units, out of which Brazil and Mexico together account for over 65%. With the exception of the South and Central American countries Uruguay, Costa Rica and Belize, along with Barbados, Jamaica, Trinidad and Tobago and Puerto Rico in the Caribbean, the region has not yet seen the implementation of nationwide smart metering projects. However, a number of utilities in the region are scaling up their smart metering initiatives. Overall, high non-technical electricity losses due to the prevalence of energy theft throughout Latin America and the Caribbean will continue to be a major driver for smart metering investments in the region.

The analyst forecasts that the installed base of smart electricity meters in Latin America and the Caribbean - defined as the South American countries Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru and Uruguay, the Central American countries Belize, Costa Rica, El Salvador, Guatemala, Honduras, Mexico and Panama and the Caribbean countries and territories Bahamas, Barbados, the Dominican Republic, Jamaica, Puerto Rico and Trinidad and Tobago - will grow at a compound annual growth rate of 23.5% from 17.3 million in 2024 to 61.3 million in 2030.

New installations will largely be driven by deployments in the two largest markets in the region - Brazil and Mexico - while countries such as Argentina, Colombia, Ecuador and Peru are expected to grow their share of annual shipment volumes throughout the forecast period. The analyst projects that 48.5 million new smart electricity meters will be installed in Latin America and the Caribbean during 2024-2030. Annual shipment volumes are forecasted to grow from 2.8 million units in 2024 to nearly 11.3 million units in 2030. The smart meter penetration rate across Latin America and the Caribbean is meanwhile forecasted to reach 24.8% in 2030 - up from 7.7% in 2024.

South America is home to 70% of all electricity users in Latin America and the Caribbean and accounts for around 60% of the installed base of smart electricity meters in the region. South America will also constitute the fastest growing regional smart metering market in Latin America and the Caribbean throughout the forecast period. Brazil in particular is a highly interesting market for smart metering solution vendors with its 94 million electricity users and low penetration rate of smart meters - 6.5% in 2024.

The market is set to see significant growth over the coming years as the government has recently introduced a number of new laws and policies that actively promote the deployment of smart meters on a large scale, while several utilities such as Cemig, COPEL, Enel and CPFL have already began to invest significantly in AMI. Further Brazilian utilities are expected to increase their investments in the technology in the coming few years and the country is forecasted to account for more than half of the shipped smart electricity meters in Latin America and the Caribbean during the forecast period.

In Uruguay, the nationwide rollout by the state-owned utility UTE had largely been completed by the end of 2024 and the country has therefore become the first country in South America to reach near universal smart metering coverage. In neighbouring Argentina, the analyst estimates that the installed base of smart meters will increase more than six-fold from around 730,000 units in 2024 to more than 4.6 million in 2030. Smart metering deployments in Chile meanwhile peaked in 2018-2019 and have since decreased, mainly due to regulatory ambiguity. There is however potential for a more positive market development should the regulatory environment in the country improve. Colombia is another country which - despite the existence of a regulatory framework for smart metering - has suffered from a lack of policy uncertainty which has impacted the development of smart metering negatively.

The installed base of smart meters in the country is nonetheless expected to increase significantly driven by deployments by the largest utility group Grupo EPM alongside Enel Colombia. Peru is a more nascent market, although a series of positive regulatory developments during the past two years has set the country up for a largescale rollout that is proposed to start in the late 2020s. In Ecuador, investments in smart metering are similarly expected to increase throughout the forecast period. The only two landlocked countries in South America - Bolivia and Paraguay - are also two of the least mature smart metering markets in Latin America and the Caribbean. The analyst expects that both markets will see moderate growth and continue to be largely in the smart metering pilot phase throughout the forecast period.

Central America is the most nascent smart metering market in Latin America and the Caribbean, although a few countries have made notable progress with significant smart metering projects now underway. The rollout of smart electricity meters in Costa Rica progresses steadily and the country has now reached a smart meter penetration rate above 50%. Honduras has long deployed smart meters as a tool to reduce non-technical losses and ended 2024 with an installed base of more than 500,000 units.

The small country Belize meanwhile initiated a nationwide smart metering rollout in 2024 which is set to be completed within three years. El Salvador, Guatemala and Panama are all countries with relatively low installed bases of smart meters and the analyst expects that these markets will slowly increase the scope and scale of their deployments. In Panama, several important policy developments that promote the deployment of smart meters have recently taken place, while El Salvador is also making significant strides spearheaded by the country's two main utilities. In the largest country in Central America - Mexico - the state-owned utility CFE has an ongoing project that seeks to scale the conversion of basic electronic and electromechanical meters to smart meters.

Utilities in the Caribbean were in contrast to their counterparts in South and Central America early to implement smart metering. Trinidad and Tobago as well as the US jurisdiction of Puerto Rico are already underway with a second wave of smart metering installations, although their existing meter parks are mainly made up of smart meters with very basic functionalities. Barbados has rolled out smart meters for effectively all customers, while Jamaica has achieved a smart meter penetration rate of more than 75%. The main utility in the Bahamas is meanwhile about to embark on a smart meter rollout, while deployments in the Dominican Republic are expected to steadily increase in line with the country's national electricity loss reduction plan.

Questions answered in the report:

Who should read this report?

Smart Metering in Latin America and the Caribbean is the foremost source of information about the ongoing transformation of the metering sector in this region. Whether you are a solution vendor, utility, telecom operator, investor, consultant or government agency, you will gain valuable insights from this in-depth research.

Key Topics Covered:

1 Smart Metering Solutions

1.1 Introduction to smart grids

1.2 Smart metering

1.3 Project strategies

1.4 Regulatory issues

2 IoT Networks and Communications Technologies

2.1 IoT network technologies

2.1.1 Network architectures

2.1.2 Unlicensed and licensed frequency bands

2.2 PLC technology and standards

2.2.1 International standards organisations

2.2.2 G3-PLC

2.2.3 PRIME

2.2.4 Meters & More

2.3 3GPP cellular and LPWA technologies

2.3.1 2G/3G/4G/5G cellular technologies and IoT

2.3.2 NB-IoT and LTE-M

2.3.3 The role of cellular networks in smart meter communications

2.3.4 LoRa and LoRaWAN

2.3.5 Sigfox

2.4 IEEE 802.15.4-based RF

2.4.1 IEEE 802.15.4

2.4.2 Wi-SUN

2.4.3 Proprietary IPv6 connectivity stacks based on 802.15.4

3 Smart Metering Industry Players

3.1 Meter vendors

3.1.1 Itron

3.1.2 Landis+Gyr

3.1.3 Aclara (Hubbell)

3.1.4 Discar

3.1.5 Elgama Elektronika (Linyang Energy)

3.1.6 Gridspertise

3.1.7 Hexing Electrical

3.1.8 Holley Technology

3.1.9 Honeywell (Elster)

3.1.10 Iskraemeco

3.1.11 KAIFA Technology

3.1.12 Networked Energy Services

3.1.13 Sagemcom

3.1.14 Silexis

3.1.15 Sanxing Electric (Nansen)

3.1.16 Wasion

3.1.17 WEG Group

3.1.18 ZIV

3.2 Communications solution providers

3.2.1 Aviat Networks (4RF)

3.2.2 Corinex

3.2.3 NuriFlex

3.2.4 Tantalus Systems

3.2.5 Trilliant

3.3 Software solution providers

3.3.1 Fluentgrid

3.3.2 Harris Utilities

3.3.3 Indra (Minsait)

3.3.4 EPAM Neoris

3.3.5 SAP

3.3.6 Siemens

3.4 System integrators and communications service providers

3.4.1 Accenture

3.4.2 America Movil

3.4.3 Ativa Solucoes

3.4.4 CAS Tecnologia

3.4.5 Cisco

3.4.6 IBM

3.4.7 NTT

3.4.8 Telefonica

3.4.9 Telecom Italia (TIM)

3.4.10 Tropico

4 Market Profiles

4.1 Regional summary

4.2 Argentina

4.2.1 Electricity and gas utility industry structure

4.2.2 Metering regulatory environment and smart metering market developments

4.3 Bahamas

4.4 Barbados

4.5 Belize

4.6 Bolivia

4.7 Brazil

4.8 Chile

4.9 Colombia

4.10 Costa Rica

4.11 Dominican Republic

4.12 Ecuador

4.13 El Salvador

4.14 Guatemala

4.15 Honduras

4.16 Jamaica

4.17 Mexico

4.18 Panama

4.19 Paraguay

4.20 Peru

4.21 Puerto Rico

4.22 Trinidad and Tobago

4.23 Uruguay

5 Market Analysis

5.1 Smart electricity metering

5.2 Market forecasts

5.3 Industry analysis and technology trends

5.4 Smart gas metering

6 Case Studies

6.1 Cemig

6.2 COPEL

6.3 Grupo ICE

6.4 Light

6.5 UTE

For more information about this report visit https://www.researchandmarkets.com/r/y1tfhw

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.