The South and Central America Smart Meters Market size in terms of shipment volume is expected to grow from 7.42 Million units in 2024 to 10.98 Million units by 2029, at a CAGR of 8.15% during the forecast period (2024-2029).
The recent COVID-19 outbreak and nationwide lockdown impacted the overall rollout of smart meters in South and Central America. The global COVID-19 pandemic resulted in lockdowns in various parts of the region, which halted several operations across the industries. As a result, the shipments and installations of smart meters also witnessed a downfall.
The South and Central American smart meter market is moderately competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with prominent shares in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging strategic collaborative initiatives to increase their market shares and profitability. The companies operating in the market are also acquiring start-ups working on smart meter technologies to strengthen their product capabilities.
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