Brazil requires installation of 60 to 70 million additional smart meters over the next 8 to 10 years to support the opening of its free energy market and distributed generation growth. The rollout represents a potential investment of 25 to 35 billion reais ($4.4 to $8.7 billion) in equipment costs alone, with penetration currently below 6 percent compared to 60-70 percent in the United States and United Kingdom.