In recent years, robust economic development and urbanization in Southeast Asia (SEA) has led to strong growth in electricity demand, in both sophisticated economies such as Singapore and less-developed nations such as Cambodia and Myanmar. Most Southeast Asian countries, however, are faced with low electrification levels, underdeveloped power grid infrastructure, and a lack of capital and technologies. In a region where simply providing sufficient electricity is challenging, governments and industries in SEA are struggling to keep pace with the new trends in global clean energy development. Nevertheless some emerging countries, such as Thailand, Malaysia, Indonesia, and the Philippines, have recently begun developing concrete national roadmaps to deploy smart grid technology so that they can manage power more efficiently and effectively.
Undoubtedly, while policy makers in the SEA nations agree that a smart grid program should be the ultimate goal for providing electricity, the smart grid has a long way to go in the region. Pike Research forecasts that smart grid revenue in the overall SEA market will experience steady growth across the forecast period, with a compound annual growth rate (CAGR) of just over 10%. SEA smart grid revenue generated by the investment in transmission, substation, and distribution upgrades (as well as smart meters) will grow from approximately $1.9 billion in 2011 to $4.5 billion in 2020.
This Pike Research report provides a view of the smart grid market in SEA and the related technologies and players. It also examines issues that are shaping the market in SEA"especially the challenges and opportunities linked to the development of power grid infrastructure for smart grid development in specific countries. Policy factors and market drivers influencing the spread of smart grid technology in the region are examined, and market forecasts are provided on a region-wide and country-by-country basis, through 2020. The report also features company profiles of 20 key industry players.