The electricity market of South East Asia is set to
boom, this is according to Frost and Sullivan.
This is motivated by an expanding residential sector
and the industry's replacement of old fashioned electromechanical metres with
more newer technologies - particularly in Indonesia, Malaysia, the Philippines and
Vietnam.
Revenues of the market (including electronic, electromechanical,
prepaid and advanced metering infrastructure (AMI)/automatic metre readers),
were US$403.9million last year -- expected to grow to US$483million in 2018.
‘Electricity Meters Market in Southeast Asia’
reports that manufacturers who want to successfully enter the growing market,
should offer durable and highly accurate electricity metres, with power back up
capabilities.
Indonesia is said to be a particularly profitable
market for electricity metre manufacturers, as utility companies – for those who
are seeking to reduce their operational expenses, electricity pilferage, and
power loss - instigating a widespread metre replacement project to install
prepaid metres in the residential sector.
Other worthy markets include Thailand, where AMI
trial projects are assumed to begin, as well as Singapore, where AMI metre
installation in both the commercial and residential sectors has already commenced.
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