After Brazil, Argentina is the second-largest electricity consumer in South
America. More than half of the power generation capacity comes from the
thermal power plants, primarily natural gas-fired. A significant increase in the
thermal power generation is expected in the short-term as co-generation
projects tendered over the past few years are expected to come online in the
next two years.
Smart metering solutions comprises of meters or modules with communication capabilities (either unidirectional or bidirectional), embedded within the meter or attached to the meter. Smart electricity meters account for the most significant share of the total market, which is expected to witnesses a declining demand, primarily due to decline in volume sale from China, the largest market for these systems. Although the overall market in terms of shipments is declining, the market excluding China is expected to witness substantial growth. Europe is one of the major markets where smart electricity meters are expected to witness opportunities for growth.