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Southeast Asia Smart Grid Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Southeast Asia Smart Grid market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.
Market Opportunities
According to MarkNtel Advisors’ research report titled “Southeast Asia Smart Grid Market Analysis, 2020”, the Southeast Asia Smart Grid market is anticipated to grow at a CAGR of around 5% during 2020-25F on account of extensive funding toward smart grid infrastructure development, introduction of automation and smart solutions with lower grid costs, and rising inclination toward smart grid technology in order to enhance the efficiency of electricity consumption by domestic consumers. Moreover, the boosting deployment of smart meter, paradigm shift toward clean energy by adoption of renewable energy and growing concerns to curb transmission and distribution losses across the supply chain to reduce power outages are strongly contributing toward the growth of the market in the forecast period.
Market Segmentation
Industrial Goods Registered the Fastest Growth
Based on end user, Industrial segment is projected to grow at a highest CAGR by 2025 in the Southeast Asia Smart Grid market. This is due to a strong growth in manufacturing industries, rising adoption of smart meters for efficient consumption of power, and escalating inclination of renewable energy sources such as bioenergy, solar and geothermal for industrial use, which are driving the growth of the market. Moreover, residential segment is anticipated to grow at a steady rate on account of rising electricity consumption and launch of smart grid projects for electrification, which is projected to promote the growth of Southeast Asia Smart Grid market in the coming years as stated in the MarkNtel Advisors’ research report “Southeast Asia Smart Grid Market Analysis, 2020”.
Competitive Landscape
According to MarkNtel Advisors, the key players with a considerable market share in the Southeast Asia Smart Grid market include General Electric, ABB Ltd, Siemens AG, Emerson Electric Co., Schneider Electric, Itron Inc., Landis+ Gyr, Honeywell, Oracle, IBM, Eaton Corporation, Mitsubishi Electric Corporation, Rockwell Automation Inc., Cisco Systems Inc., Huawei Technologies Co. Ltd etc.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Southeast Asia Smart Grid Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Southeast Asia Smart Grid Market during 2020-25?
A. The growth rate of Southeast Asia Smart Grid Market during 2020-25 is forecast to be around 5%.
Q. Who are the key competitors or players operating in Southeast Asia Smart Grid Market?
A. General Electric, ABB Ltd, Siemens AG, Emerson Electric Co., Schneider Electric, Itron Inc., Landis+ Gyr, Honeywell, Oracle, IBM, Eaton Corporation, Mitsubishi Electric Corporation, Rockwell Automation Inc., Cisco Systems Inc., Huawei Technologies Co. Ltd etc., are few of the leading players in the Southeast Asia Smart Grid Market.
Q. Which end-user would emerge as an opportunity area for players in Southeast Asia Smart Grid Market?
A. Industrial segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which country would emerge as an opportunity area for players in Southeast Asia Smart Grid Market?
A. Singapore grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for market players of Southeast Asia Smart Grid Market.
