The rising share of renewable energy in the energy mix across ASEAN countries has propelled the need for increasing usage of smart grids. Moreover, there is an essential concern for transparent energy consumption and billing to track the pattern of energy consumption of consumers. In countries such as Singapore and Malaysia, there is huge availability of renewable energy. As a result, the smart grid market currently exhibits a stable growth.

Read Report Preview: https://bisresearch.com/industry-report/asean-smart-grid-market.html

However, the smart grid market in the countries such as Thailand, Vietnam, and Indonesia is anticipated to display huge growth prospects supported by innovative technological advancements in the energy sector. The ASEAN smart grid market is expected to progress at a healthy rate in the future, supported by the gradually growing affinity to reduce transmission and distribution (T&D) losses and integrate distributed generation systems in the electrical grid.

The rapid market penetration of the smart grid for the ASEAN countries has led to the enhancement of the ancillary services, load management, integration of surplus electricity into the grid by the prosumers with specific focus on smart grid technologies such as energy storage systems, advanced metering infrastructure, transmission and distribution automation, and wide area monitoring system, among others. The power utilities of the ASEAN countries such as Tenaga Nasional Berhad, Electricity Generating Authority of Thailand, Manila Electric, Lao PDR, and Ministry of Electricity and Energy, among others are increasing their investments in smart grid technologies, to improve operations and reduce downtime.

In 2019, the transmission and distribution automation technology is expected to represent the highest share amongst all smart grid technologies across ASEAN countries. In order to achieve complete transmission automation across the power industry, smart grid software known as substation automation system allows continuous monitoring and protection of transmission substations. The major components used for the automation of transmission equipment are SCADA, programmable logic controller, distributed control system, and human machine interface. These components are connected to each other using information and communication technology which transmits continuous signals regarding transmission and further to the power distribution utilities. The companies involved in offering transmission automation products and services include Schneider Electric, Honeywell International, General Electric, and Crompton Grieves, among others.

Obtain the Sample Report at: https://bisresearch.com/requestsample?id=845&type=download

Distribution Automation deals with optimizing the grid distribution network using automation technology enabled within smart grids. In order to increase the reliability of the distribution grid, the grid needs to be self-sufficient to identify the unusual activities within the grid. These unusual activities could include sudden increase in the electricity demand, heavy load appliances being integrated in the grid, or occurrence of false metering data due to fault in the communication network. All these concerns can be addressed using distribution automation technology. Moreover, distribution automation plays a crucial role while integrating the distributed generation sources into the grid at the time of increase in electricity demand. The leading companies involved in providing distribution automation are ABB Ltd, Schneider Electric, Eaton Corporation, and Siemens AG.

About BIS Research:

BIS Research is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.

With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.

Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

As a leading market intelligence provider, BIS Research stands out of the crowd by complementing the data with valuable insights and actionable inputs for the client's success.

Contact:

Bhavya Banga

Email: [email protected]

BIS Research Inc.

39111 PASEO PADRE PKWY STE 313,

FREMONT CA 94538-1686

Visit our Blog @ https://blog.bisresearch.com/

Connect with us on LinkedIn @ https://www.linkedin.com/company/bis-research

Connect with us on Twitter@ https://twitter.com/BISResearch