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According to a new study recently released by Northeast Group, LLC, Southeast Asian countries will invest $9.
8 billion
in smart grid infrastructure between 2018 and 2027.
According to the report, smart grid development in Southeast Asia will be driven by a handful of major countries that have made smart grid investment a key pillar of their energy future, including Indonesia, Malaysia, Thailand, Singapore, the Philippines and Vietnam
.
Ben Gardner, President of Northeast Group, said, "Southeast Asia has lagged behind expectations, with Singapore and Malaysia being the clear leaders in the region and have started a nationwide smart meter rollout
.
Thailand has also shown a genuine commitment to smart grid infrastructure, with long-term plans finally underway that will help drive smart grid development
in the region.
”
Many countries in Southeast Asia lack some common drivers of smart grid infrastructure, such as high technology losses or high power
consumption.
Instead, in most cases, the market will be driven
by regulations that encourage or mandate the development of smart grids.
These policies are in line with broader future energy strategies that emphasize greater energy efficiency, the integration of clean energy, and meeting the needs
of fast-growing regions.
As countries seek solutions for remote and island communities, the microgrid and battery storage market will experience high levels of growth
.
According to a new study recently released by Northeast Group, LLC, Southeast Asian countries will invest $9.
8 billion
in smart grid infrastructure between 2018 and 2027.
According to the report, smart grid development in Southeast Asia will be driven by a handful of major countries that have made smart grid investment a key pillar of their energy future, including Indonesia, Malaysia, Thailand, Singapore, the Philippines and Vietnam
.
Ben Gardner, President of Northeast Group, said, "Southeast Asia has lagged behind expectations, with Singapore and Malaysia being the clear leaders in the region and have started a nationwide smart meter rollout
.
Thailand has also shown a genuine commitment to smart grid infrastructure, with long-term plans finally underway that will help drive smart grid development
in the region.
”
Many countries in Southeast Asia lack some common drivers of smart grid infrastructure, such as high technology losses or high power
consumption.
Instead, in most cases, the market will be driven
by regulations that encourage or mandate the development of smart grids.
These policies are in line with broader future energy strategies that emphasize greater energy efficiency, the integration of clean energy, and meeting the needs
of fast-growing regions.
As countries seek solutions for remote and island communities, the microgrid and battery storage market will experience high levels of growth
.
