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Market Research Report
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1086901

Mexico Smart Meter Market Overview, 2027

Published: | Bonafide Research & Marketing Pvt. Ltd. | 46 Pages | Delivery time: 1-2 business days

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Mexico Smart Meter Market Overview, 2027
Published: June 2, 2022
Bonafide Research & Marketing Pvt. Ltd.
Content info: 46 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents
  • List of Tables

In North America, Mexico is the leader in smart meter production and its 79% is exported to American countries but its penetration in home ground remains low. However, with the smart city development programmes entrusted by government Mexico is slowly moving towards clean energy goals. This will enable urban development, mobility, monitor safety through effective data collection and analysis and block chain. The smart city is an interconnected system with new technologies to manage public transportation and efficient use of energy and water resources. In today's fast adapting technology savvy young populace it is not alien and lead to digital transformation of the city. Mexico yet is not 100% smart but has 4 smart cities declared by Inter American Development Bank. These are Maderas in Queretaro, Ciudad Creativa and Tequila in Jalisco and smart Puebla as intelligent zones.

According to the report title "Mexico Smart Meter Market Overview, 2027", published by Bonafide research, the smart meter market in Mexico is expected to grow over 6% during the forecast period ending 2027. Historically the market grew by 34% which is slower than some other countries of North America. Electric smart meters have nearly 60% installations in Mexico and smart water meters are the fastest growing type at growth rate of 9% over the forecast period. Smart gas meters are still in their infancy in Mexico as the utilites are not yet prepared for its mass deployment. AMR meters have more than 35% market share in Mexico as the second generation metering is being deployed at a slow rate. Though Mexico makes large amounts of smart meters that it exports to USA, its self consumption remains quite low. Commercial users remain as low as below 20% and industrial users are next to negligible market share in Mexico. Residential users are large scale users of smart electric meters as they have the first mover advantage in the market. It is estimated that at the end of 2020 almost 17 Million smart meters would complete installation in Mexico.

The smart metering and smart grid network development goes hand in hand and as either of the one is always evolving, it pushes the other to grow further. This offer utilities and consumers the ability to better control and monitor use of resources. The Internet of Things (IoT) offers greater connectivity for electric management. There are multiple ways in which smart meters connect to the central database. The connection can be achieved through cellular networks, pager networks, PLC, Wi-Fi, and mesh networking. Today the type of networks used varies across all types of environments, and there doesn't seem to be an optimal way in which the power company can connect to its meters. The different types of connections perform better or worse depending on the type of environment (i.e., urban, suburban, or rural). Smart meters often replace no connected, previously installed utility-monitoring devices (unless being installed in a new building) and are connected to the entity's existing utility lines. Previously, when using no connected energy meters, a worker from the power company often referred to as a meter reader would have to come to a particular building and look at the meter to check usage. This could be a tedious process and result in incorrect billing because of human error or the need for estimated billings rather than actual billings if a meter reader could not get to a given meter in a certain timeframe.

CFE is Mexico's single electric utility provider, servicing nearly 34 million customers countrywide. TWACS technology is being deployed as part of CFE's AMI project in Mexico. It is an expanded deployment of pole mounted and socket type TWACS AMI solution in Acapulco an important seaport service by CFE's South Central division to support the utility's AMI project. A key feature of this AMI implementation is the installation of in home displays that will alow CFE to enhance its customer service through improved communications. The TWACS system is a proven fixed network solution that uses patented technology to transmit data over power lines. TWACS offers two way communications to electric meters and provides timely and accurate billing information, load control, demand response and outage detection and assessment. With this system, utilities can effectively manage customer data and reduce costs while enabling innovation and providing superior customer service.

The hard water, debris and wear and tear of mechanical meters degrade the accuracy of conventional meters over a period of time. The volume of water loss apparently increases causing the utility to lose billable water revenue. Utilities are beginning to realize the benefits of water loss caused by municipalities on a daily basis. It wastes money, causes extensive infrastructure damage and depletes natural resources. The smart water meters can help governments to minimize water loss, increase billable revenues, decrease operational costs and maintenance expenses, create healthier greener environment. All these factors causing smart water meter technology to grow rapidly over the forecast period in Mexico.

Considered in this report

  • Geography: Mexico
  • Base year: 2021
  • Estimated year: 2022
  • Forecast year: 2027

Aspects covered in this report

  • Mexico smart meter market with its value and forecast along with its segments
  • Various drivers and challenges
  • On-going trends and developments
  • Five force models
  • Top profiled companies
  • Strategic recommendation

By Type in the report

  • Electric
  • Gas
  • Water

By Technology in the report

  • AMI
  • AMR

By End User in the report

  • Industrial
  • Commercial
  • Residential

The approach of the report:

This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to smart meter industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Keywords: smart meter, smart water meter, smart electric meter, smart gas meter, energy, consumption, Electric, water, gas, consumer, billing, bill, government, AMI, AMR, residential, industrial, commercial, hardware, software, three phase, single phase, Mexico, Mexicali, Saltillo, Toluca, Morelia, Veracruz, Cancun, Santiago, Leon, Durango, Ciudad Juarez, Merida, San Luis Potosi, Monterrey, Puebla, Guadalajara.

Product Code: 6206499402

Table of Contents

1. Executive Summary

2. Introduction

  • 2.1. Market Definition
  • 2.2. Market Scope & Segmentation
  • 2.3. Research Methodology

3. Mexico Macro Economic Indicators

4. Mexico Smart Meter Market Category Analysis

  • 4.1. Key Findings
  • 4.2. Market Drivers
  • 4.3. Market Restraints
  • 4.4. Opportunities
  • 4.5. Policies & Certification
  • 4.6. Value Chain Analysis
  • 4.7. Key Developments - 2021

5. Mexico Smart Meter Market Trends

6. Mexico Smart Meter Market Overview

  • 6.1. Market Size By Value
  • 6.2. Market Share
    • 6.2.1. By Type
    • 6.2.2. By Technology
    • 6.2.3. By End User

7. Mexico Smart Meter Market Segmentations

  • 7.1. Mexico Smart Meter Market, By Type
    • 7.1.1. Mexico Smart Meter Market Size, By Electric Smart Meter, 2016 - 2027f
    • 7.1.2. Mexico Smart Meter Market Size, By Gas Smart Meter, 2016 - 2027f
    • 7.1.3. Mexico Smart Meter Market Size, By Water Smart Meter, 2016 - 2027f
  • 7.2. Mexico Smart Meter Market, By Technology
    • 7.2.1. Mexico Smart Meter Market Size, By AMI, 2016 - 2027f
    • 7.2.2. Mexico Smart Meter Market Size, By AMR, 2016 - 2027f
  • 7.3. Mexico Smart Meter Market, By End User
    • 7.3.1. Mexico Smart Meter Market Size, By Industrial, 2016 - 2027f
    • 7.3.2. Mexico Smart Meter Market Size, By Commercial, 2016 - 2027f
    • 7.3.3. Mexico Smart Meter Market Size, By Residential, 2016 - 2027f

8. Mexico Smart Meter Market Opportunity Assessment

  • 8.1. By Type, 2022f To 2026f
  • 8.2. By Technology, 2022f To 2027f
  • 8.3. By End User, 2022f To 2027f

9. Competitive Landscape

  • 9.1. Porter's Five Forces
  • 9.2. Company Profiles
    • 9.2.1. Company 1
    • 9.2.2. Company 2
    • 9.2.3. Company 3
    • 9.2.4. Company 4
    • 9.2.5. Company 5
    • 9.2.6. Company 6
    • 9.2.7. Company 7
    • 9.2.8. Company 8

10. Strategic Recommendations

11. Disclaimer

List Of Figures

  • Figure 1: Mexico Smart Meter Product Market Size - By Value 2016 To 2027f (In USD Billion)
  • Figure 2: Mexico Smart Meter Product Market Share By Type (2016, 2021 & 2027f)
  • Figure 3: Mexico Smart Meter Product Market Share By Technology (2016, 2021 & 2027f)
  • Figure 4: Market Attractiveness Index, By Type
  • Figure 5: Market Attractiveness Index, By Technology
  • Figure 6: Market Attractiveness Index, By End User

Figure-7: Porter's Five Forces Meter Of Smart Meter Industry In Mexico

List of Tables

  • Table 1: Mexico Smart Meter Market Share By End User 2016 To 2027f
  • Table 2: Mexico Smart Meter Market Size By Electric Smart Meter (2016 To 2027f) In USD Million
  • Table 3: Mexico Smart Meter Market Size By Gas Smart Meter (2016 To 2027f) In USD Million
  • Table 4: Mexico Smart Meter Market Size By Water Smart Meter (2016 To 2027f) In USD Million
  • Table 5: Mexico Smart Meter Market Size By AMI (2016 To 2027f) In USD Million
  • Table 6: Mexico Smart Meter Market Size By AMR (2016 To 2027f) In USD Million
  • Table 7: Mexico Smart Meter Market Size By Industrial (2016 To 2027f) In USD Million
  • Table 8: Mexico Smart Meter Market Size By Commercial (2016 To 2027f) In USD Million
  • Table 9: Key Facts Of Company 1
  • Table 10: Key Facts Of Company 2
  • Table 11: Key Facts Of Company 3
  • Table 12: Key Facts Of Company 4
  • Table 13: Key Facts Of Company 5
  • Table 14: Key Facts Of Company 6
  • Table 15: Key Facts Of Company 7
  • Table 16: Key Facts Of Company 8