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Mexico Smart Grid Market to Reach $8.3 Billion by 2020
WASHINGTON, Oct. 11, 2011 /PRNewswire via COMTEX/ --
Northeast Group, LLC today released its Mexico Smart Grid Market Forecast (2011-2020) which projects the total smart grid market will reach a cumulative $8.3 billion by 2020. Mexico trails only Brazil in terms of potential for smart grid in the Latin America region. The smart metering market in Mexico represents the biggest opportunity, with more than 21 million smart meters to be deployed by the end of the decade. Other smart grid market segments such as distribution automation, wide area measurement, and home energy management are also projected to grow strongly over the forecast period.
"Mexico is well positioned to develop into a leading smart grid market, both in the Latin America region and globally. Like other Latin American and emerging market nations, the country faces high rates of electricity theft and power outages, both of which can be reduced through smart grid technologies. Mexico is also uniquely situated to benefit from positive spillovers from the US market. These include smart grid standards, US vendors looking for new markets and a transfer of smart grid technical know-how," according to Northeast Group, LLC.
Northeast Group, LLC continues, "Mexico will also benefit from a single, state-owned utility that ensures a streamlined regulatory framework and efficient deployment. Much like ENEL's pioneering smart meter deployment in Italy, CFE (Mexico's sole distribution utility) can ensure that smart grid deployments are quickly rolled out to all parts of the country."
Mexico's smart meter market alone will contribute $5.1 billion to the overall smart grid market value by 2020. This includes meter hardware, communications, IT, installation costs and professional services. Combined with Northeast Group, LLC's South America forecast (released June 2011), the total Latin American smart metering market is expected to reach nearly 126 million meters by 2020.
In addition to smart meter deployments, Mexico is projected to invest heavily in distribution automation, wide area measurement and home energy management in the later half of the decade. These other segments of the smart grid market make up an additional $3.2 billion in cumulative market opportunity by 2020.
Northeast Group, LLC's report forecasts 14 different segments of the Mexican smart grid market. These include market values for smart metering segments (hardware, communications, IT, installation and professional services), distribution automation (substation automation, FDIR, volt/VAR optimization and grid monitoring), wide area measurement, home energy management (home area networks, smart solar inverters, and electric vehicle supply equipment) and an electric vehicle penetration forecast. In addition to market forecasts, the report highlights domestic Mexican firms poised to partner with international smart grid vendors.
The report is 67 pages long and includes over 40 charts, tables and graphics. Primary and secondary research was completed using English and Spanish sources. To find out more information on the report, visit Northeast Group's website (www.northeast-group.com) or email Ben Gardner (ben.gardner@northeast-group.com).
ABOUT: Northeast Group, LLC is a Washington, DC-based research and consulting firm focused on the smart grid market in both developed and developing countries. We offer market research reports as well as client-based consulting services. www.northeast-group.com
Key questions answered in Mexico Smart Grid Market Forecast (2011-2020) include:
How will the combined smart grid market develop and what is its value over the next decade?
What are the market possibilities for PLC and wireless mesh communications technologies in Mexico?
How much value will smart metering, distribution automation and home energy management each add to the Mexico smart grid market by 2020?
Which international vendors are already active in Mexico? Which domestic vendors are poised to partner with international firms to exploit the growing smart grid market?
What is the size of the professional services market out to 2020 for AMI-related projects?
Table of Contents
i. Executive Summary 1
ii. Methodology 5
1. Introduction 7
1.1 Smart grid in Mexico 7
1.2 Smart grid's role in Mexican energy policy 12
2. Mexico smart grid snapshot 15
2.1 Current situation 15
2.2 Comparison to other emerging markets 17
2.3 Electricity industry structure 19
2.4 Smart metering regulatory framework 23
2.5 Market drivers and barriers 24
2.6 Recent activity 29
3. Smart grid market forecast 33
3.1 Assumptions 33
3.2 Overall smart grid forecast 34
4. Detailed smart grid market forecast and technology 36
outlook
4.1 AMI 36
4.1.1 Meter hardware 36
4.1.2 Communications options 37
4.1.3 IT: meter data management and customer 40
information systems
4.1.4 Professional services 41
4.1.5 Installation costs 41
4.2 Wide area measurement 42
4.3 Distribution automation 43
4.3.1 SCADA and RTU systems 43
4.3.2 Advanced distribution automation 44
4.3.2.1 Substation automation 44
4.3.2.2 FDIR 45
4.3.2.3 Volt/VAR optimization 46
4.3.2.4 Grid monitoring and control 46
4.3.3 Recent distribution automation projects 47
4.4 Home energy management 48
4.4.1 Home area networks 48
4.4.2 Distributed generation: solar inverters with 49
communication capability
4.4.3 Electric vehicle supply equipment 50
5. Vendor activity 52
5.1 Domestic vendors 52
5.1.1 Domestic vendors active in smart grid 52
projects
5.1.2 Domestic vendors in the electrical 54
equipment field
5.2 International vendors 55
5.2.1 International vendors in AMI projects 55
5.2.2 International vendors in distribution 56
automation projects
5.2.3 International vendors poised to expand 58
in Mexico
6. Conclusion 60
6.1 Next steps 60
List of Figures, Boxes, and Tables
Mexico smart grid: key takeaways 3
Mexico smart grid: leading indicators 4
Figure 1.1: Smart grid value chain 7
Figure 1.2: Smart grid model highlighting focus in Mexico 8
Table 1.1: Demand response options 11
Figure 1.3: Actual and projected oil production in Mexico 12
Table 1.2: Mexican legislation and decrees affecting smart grid 13
Figure 2.1: Current installed base of smart meters in Latin 15
America
Figure 2.2: Smart meter market potential matrix 16
Figure 2.3: Per-capita electricity consumption 17
Figure 2.4: Per-capita CO2 emissions 17
Figure 2.5: Actual and forecasted GDP growth in Latin America 18
Figure 2.6: Residential electricity prices 18
Box 2.1: Smart grid throughout Latin America 19
Figure 2.7: The divisions of CFE 20
Figure 2.8: Electricity generation mix 21
Figure 2.9: Percentage renewable energy consumption 21
Box 2.2: Mexican political scene - a new PRI? 22
Figure 2.10: Global distribution losses 24
Table 2.1: Consumer appliance ownership in Mexico 25
Figure 2.11: Power outages per year 26
Figure 2.12: Renewable energy potential in Mexico 27
Table 2.2: Smart grid drivers and barriers in Mexico 28
Figure 2.13: Distribution losses in Mexico 30
Table 2.3: Existing base of smart meters in Mexico 30
Box 2.3: Mexico and the Smart Grid Maturity Model 31
Figure 3.1: Timeline of smart grid progress in Mexico 33
Figure 3.2: Combined smart grid forecast (2011-2020) 34
Figure 3.3: Mexico smart meter forecast (2011-2020) 35
Figure 3.4: Mexico smart meter penetration rate (2011-2020) 35
Figure 4.1: AMI cost breakdown 37
Figure 4.2: AMI forecast (5 components, 2011-2020) 38
Table 4.1: AMI communications technologies 39
Figure 4.3: Mexico phasor measurement unit forecast 42
(2011-2020)
Figure 4.4: Distribution automation forecast (4 components, 43
2011-2020)
Figure 4.5: Timeline of distribution automation progress 45
in Mexico
Figure 4.6: Home energy management forecast (3 components, 49
2011-2020)
Figure 4.7: Electric vehicle forecast (2011-2020) 50
Figure 5.1: Vendors active in smart grid in Mexico 52
Table 5.1: Domestic electricity sector vendors in Mexico 54
Table 6.1: The next steps and necessary actions 60
SOURCE Northeast Group, LLC
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