The Northeast Group’s latest research report released on the 14th said that in 2014-2024, Southeast Asian countries will invest 13.6 billion U.S. dollars (about 83.3 billion yuan) to develop smart grid infrastructure construction, including the modern facilities of smart meters, transmission and distribution networks. Construction, sensors, communications systems and software. 
By 2024, Southeast Asian countries, Thailand, Indonesia, Malaysia, Singapore, the Philippines and Vietnam have developed faster smart grids.
Ben Gardner, president of Northeast Group, stated that “in the next 10 years, smart grid investment market will shift from North America and Europe to emerging markets. Southeast Asian countries are starting to build a modern power grid. Nearly 6% of GDP growth means demand for electricity in the region, and thus The promotion of smart grid construction. In addition, the development of electrification projects and renewable energy projects can also promote the development of smart grids in Southeast Asia."
The report also pointed out that at present, Singapore is the largest smart grid market in Southeast Asia. However, in the next 10 years, Thailand, Indonesia, Malaysia, Vietnam and the Philippines are expected to usher in even greater smart grid investment.
From the perspective of market segments, Southeast Asian countries will deploy 37.3 million smart meters in 2014-2024 with a total investment of US$8.8 billion (approximately RMB 53.9 billion); distribution system automation or distribution network software monitoring, communications, etc. The investment will reach US$2.5 billion (approximately RMB 15.31 billion); other smart grid investments will reach US$2.2 billion (approximately RMB 13.47 billion).
From the perspective of enterprises, ABB, Alstom, Echelon, Siemens, Schneider, Trilliant, General Electric and Elster of Germany will become the leaders of the Southeast Asian smart grid market.
This article uses a real-time exchange rate of 1 US dollar = 6.1250 yuan