Market Research Report
Southeast Asia Smart Grid: Market Forecast (2018 - 2027)
|Published by||Northeast Group, LLC||Product code||268625|
|Published||Content info||199 Pages + executive summary presentation + dataset
Delivery time: 1-2 business days
|Southeast Asia Smart Grid: Market Forecast (2018 - 2027)|
|Published: September 4, 2018||Content info: 199 Pages + executive summary presentation + dataset||
The Southeast Asian smart grid infrastructure market has developed more slowly than previously anticipated, but a handful of regional leaders are likely to ensure growth over the decade.
Singapore, Thailand, and Malaysia are either currently conducting or preparing for largescale advanced metering infrastructure (AMI) rollouts, setting a model for regional neighbors to follow. Their leadership is especially important as the region lacks some of the most typical drivers of smart metering and other smart grid segments. With some exceptions, T&D losses are relatively low for an emerging market region, nor are electricity prices or consumption sufficiently high to serve as a leading business case driver.
Regulations that either mandate or encourage smart grid infrastructure buildout could be necessary for the market to reach its potential, and these are now becoming better developed. Current deployments are being driven within the wider context of national drives for cleaner energy portfolios and energy efficiency improvement. Smart city plans factor heavily into these visions, with nearly every country in the region having developed smart city projects, with varying degrees of investment.
Indonesia presents by far the largest market opportunity at nearly 60 million residential electricity customers, but will only begin to develop widespread smart grid projects at the tail end of the forecast period. Thailand and Vietnam, each about a third the size of the Indonesian market, represent the second and third largest market opportunities. Each will also develop relatively late, with Thailand aiming for a nationwide AMI rollout by 2036, and Vietnam having only drawn up very rough smart grid roadmaps to date. In Malaysia, the nation's largest utility TNB recently began an 8.3 millionmeter rollout, which combined with smart city projects in Kuala Lumpur, ensures that it will remain a regional leader, along with Singapore and Thailand. Other countries so far have less developed smart grid markets, but international assistance could improve the outlook. Prominent International vendors are already active, and the region is likely to be a major destination for Chinese and Indian vendors in particular due to the offer of lower-cost AMI hardware. Falling costs could be essential to market growth, as cost concerns have slowed projects across the region. The combination of declining costs, improving regulatory frameworks, and the accumulation of regional experience with AMI deployments will lead Southeast Asia to provide some of the most promising emerging market opportunities in the global smart grid market.