The smart grid infrastructure market is expected to result in high levels of microgrids and battery storage market growths.
Factors driving investments include:
The smart grid infrastructure market is expected to result in high levels of microgrids and battery storage market growths.This will be driven by goals to increase access to electricity for remote and island communities.
The largest markets are expected to be Indonesia, Malaysia, Thailand, Singapore, the Philippines and Vietnam.
However, the countries in the region do not have records of high non-technical losses or high levels of electricity consumption as in other countries adopting smart grids.
Ben Gardner, president of Northeast Group, said: “Southeast Asia has lagged a bit behind expectations as a region, but some key changes have come about only in the last year or two and things are finally starting to take shape.
“Singapore and Malaysia are clear leaders in the region, already starting national smart meter rollouts. Thailand has also demonstrated a real commitment to smart grid infrastructure buildout, with long-standing plans finally underway, which should help to jumpstart the rest of the region.”
Several prominent international vendors are already active in the region, while a handful of local vendors have emerged as key suppliers as well.
Northeast Group’s 199-page study Southeast Asia Smart Grid: Market Forecast (2018-2027) Volume IV is currently available at: www.northeast-group.com
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