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The Latin America smart grid security market size reached US$ 426 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 888 Million by 2027, exhibiting a growth rate (CAGR) of 12.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Smart grid security provides safety to power grids, communication systems and information technology (IT) systems. It also maintains a stable and reliable power system operation during emergencies and failure of power system components. Smart grid security solutions are increasingly being adopted in IT-based electrical power systems due to the surge in the cases of cybersecurity vulnerabilities and the growing concerns regarding the importance of cybersecurity in the Latin American region.
The Latin America smart grid security market is primarily driven by rapid urbanization and the consequently rising need to meet the growing energy demand. This has resulted in the adoption of energy-efficient smart grids, which, in turn, is propelling the market growth. Additionally, with the growing demand for efficient, reliable, economical, and clean energy distribution across the region, the adoption of smart grids is increasing. These grids use various technologies, such as advanced components and control methods, integrated communication, improved decision support and interfaces, and measurement and sensing.
IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America smart grid security market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on component, subsystem, deployment type and security type.
Breakup by Component:
Breakup by Subsystem:
Breakup by Deployment Type:
Breakup by Security Type:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Component, Subsystem, Deployment Type, Security Type, Country|
|Countries Covered||Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||US$ 2699
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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