Brazil – The smart grid network
October 22, 2011
In 2011, Brazil has become one of the fastest growing economies in the world. Over the next five years, GDP is expected to grow by 5.9% annually, exceeding the United States, Canada, the European Union, and Russia.
Brazil will be making substantial investments in its infrastructure as it prepares to host the World Cup in 2014 and the Summer Olympics in 2016.
Brazil’s growth and success will rely on its infrastructure. Brazil’s electric power demand has been increasing at a rate above world average. Between 2007 and 2017, energy consumption is expected to increase by 60% and as a result production will fall short of total demand. Research from Zpryme indicates that in 2015 Brazil’s smart grid technology market will be $2.2 billion. Further predictions show that the country’s basic electrical infrastructure needs will grow to $5.1 billion in the same year.
Brazil has been drafting legislation over the past two years that requires utilities to install 64 million smart meters during the next decade. The cost of each smart meter is approximately $100 which will lead to $6.4 billion in sales through 2021.
For more information see: Brazil – The smart grid network
