Mexico Smart Grid and Smart Cities Market Forecast Report 2018-2027 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 31, 2019--The “Mexico Smart Grid and Smart Cities: Market Forecast (2018 - 2027)” report has been added to ResearchAndMarkets.com’s offering.
Mexico is steadily progressing in developing one of the largest smart grid infrastructure and smart cities markets in both Latin America and among all emerging market countries.
The country is also progressing with large-scale deployments of LED street lighting and is in the early stages of smart, or connected, street lighting.
Mexico’s smart grid development is driven by both regulatory incentives and business case benefits. Overall transmission and distribution (T&D) losses and electricity consumption rates are average for emerging markets. However, in some cities non-technical loss rates are among the highest in the world and in other areas average electricity consumption rivals levels seen in developed countries.
Slumping energy supplies and high carbon emissions have vaulted energy reform to the top of the political agenda. Recent reforms have expanded the number of small-scale generators in the electricity market, meaning that Mexico will need a more flexible and resilient grid.
The transmission and distribution segments remain entirely controlled by a single state-owned utility (CFE), and ultimately CFE and the regulator CRE will dictate the pace and scale of smart grid deployments in Mexico. All relevant smart grid regulations have been developed under outgoing President Pea Nieto and there is some risk with a new administration taking office in December 2018.
President - elect Lpez Obrador has been critical of many recent energy reforms - reforms that have been critical in driving smart grid development. But the overall goals of smart grid infrastructure align with the new administration’s interests and changes are not expected. Increased appetite for infrastructure investment could also lead to financing for more ambitious smart city projects, which are only just getting started in the country.
Until recently, Mexico’s smart grid plans were mostly only that - roadmaps, plans, and pilots. Deployment is now well underway, and while details of a national rollout have failed to emerge, investment plans have been increased in recent years, setting the stage for large-scale investment in the 2020s.
By 2027, CFE will have deployed smart meters to over 50% of its customers and added large-scale investments in distribution automation, wide area measurement, home energy management, information technology, and battery storage.
Key Topics Covered:
1. What’s new in 2018
2. Mexico smart grid snapshot
3. Current smart grid regulations
4. Current and planned smart grid activity
5. Smart grid market forecast
6. Smart city policies and activity
7. Vendor activity
For more information about this report visit https://www.researchandmarkets.com/research/krdghh/mexico_smart_grid?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190131005360/en/
Laura Wood, Senior Press Manager
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Related Topics:Internet of Things and M2M,Smart Grid
KEYWORD: MEXICO CENTRAL AMERICA
INDUSTRY KEYWORD: ENERGY UTILITIES
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 01/31/2019 05:14 AM/DISC: 01/31/2019 05:14 AM