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> Mexico's smart grid positioned for huge growth
Mexico's smart grid positioned for huge growth
07 Aug 2013
Smart grid research firm Zpryme has named Mexico as the next country to see substantial growth in this market.
Research indicates that Mexico’s smart grid technology market will grow from $1.23 billion in 2012 to $7.42 billion in 2020, which translates to a projected compound annual growth rate of 25%. Although starting from a small base, this represents a significant regional opportunity for the market, which is positioned tor aggressive investment to modernize their power grid.
Mexico does however face problems such as power outages, electrical theft and poor energy infrastructure. Smart grid technology therefore provides an unprecedented opportunity for Mexico to improve both functionally and economically.
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