DUBLIN, April 18, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Southeast Asia Smart Grid: Market Forecast" report to their offering.
Southeast Asia is a growing smart grid market that continues to show extensive progress and promises significant benefits for consumers and large opportunities for vendors by the end of this decade. Countries in the region continue to grow and electrify quickly, accelerating the benefits of smart grid and spurring governments to develop smart grid roadmaps and deployment plans.
In recent years, smart grid deployments have begun in Singapore; Malaysia has set deployment plans for rolling out over 8 million AMI meters;Thailand has established numerous pilot projects that will total over 1 million AMI meters; and external aid has begun to support smart grid throughout the region. Overall, Southeast Asia still trails the developed countries and leading emerging market regions for smart grid potential, but in recent years, it has closed the gap significantly, and high growth ensures continued progress in the near term.
As a region, Southeast Asia has the highest projected GDP growth rate of all emerging smart grid markets, outside of China and India. All countries, except for Singapore and Thailand, will see GDP growth rates average near or above 5% per year through 2020. These high GDP growth rates are not guaranteed however, and will present structural, political, and social challenges to Southeast Asian countries. Understanding how these countries plan to manage their corresponding electricity demand growth is critical to understanding the role that smart grid infrastructure will play in Southeast Asia.
Key questions answered in this study:
- Where are the newest smart grid announcements and deployments in Southeast Asia? - How large will the smart grid market be in 9 countries across 15 sub-segments? - What are utility deployment plans for the near-to-medium term? - When will countries transition to prepaid AMI metering? - Who are local vendors partnering with for smart grid projects?
Key Topics Covered:
2. Southeast Asia smart grid snapshot
3. Regional market forecast
10. The rest of the region
11. Vendor activity
For more information visit http://www.researchandmarkets.com/research/wwhj9p/southeast_asia
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets