A new study carried out by Northeast Group has reported that Southeast Asian countries will invest $13.6 billion in smart grid infrastructure between 2014 and 2024.
This investment will shift the global focus on the smart grid from North America and Europe to emerging market regions.
The investment will include smart metering and the modernization of electricity transmission and distribution networks with sensors, communications and software.
Southeast Asian countries will deploy 37.3 million smart meters between 2014 and 2024, accounting for $8.8 billion in investment. The largest markets are anticipated to be Singapore, Thailand, Malaysia, Indonesia, The Philippines and Vietnam.