Electrical Commissioning In Industrial Power Systems
Our customized live online or in‑person group training can be delivered to your staff at your location.
- Live Online
- 12 hours Instructor-led
- Group Training Available
Southeast Asia HV Transmission Market is growing as utilities invest in T&D infrastructure, grid expansion, and substations, with EPC services and smart grid integration accelerating ASEAN interconnections, backed by World Bank and ADB funding.
Context and Background
Regional high-voltage grid growth spanning T&D upgrades, new lines, substations, EPC, and smart grid integration.
- Revenues grow from US$2.73b (2013) to US$3.75b (2018) regionwide.
- Fastest growth in Vietnam, Indonesia, and Thailand utilities.
- Delays from financing, payout inertia, land laws, local content.
- ADB and World Bank funding boosts grid expansion programs.
Southeast Asia, with its high gross domestic product, escalating population and rural electrification drives, is energy-hungry. The region has enormous energy resources in the form of hydro, oil and gas and renewable, however, its electricity grids are unable to handle the additional loads.
To better meet the soaring demand for electricity, utilities are investing in large-scale transmission and distribution T&D infrastructure development, and rising T&D infrastructure investment is thereby giving a huge boost to the high voltage HV transmission market.
New analysis from Frost & Sullivan http://www.energy.frost.com, Southeast Asian HV Transmission Market, finds that the market earned revenues of US$2.73 billion in 2013 and estimates this to reach US$3.75 billion in 2018.
Electricity utilities in Indonesia, Vietnam and Myanmar have already laid out extensive power generation plans. Nevertheless, the market is beset by project delays due to financial constraints and utilities' inertia in payouts, and the transmission process in some markets needs cleaning up to reduce bottlenecks. In certain countries, challenging land acquisition laws and local content regulation further restrict market growth.
For instance, in Indonesia, a set percentage of goods used in every project has to be locally produced. In Malaysia, there are also regulations that restrain foreign companies from offering engineering, procurement and construction EPC services.
"To comply with these regulations, equipment manufacturers are partnering with local companies in countries such as Malaysia and Indonesia, as multinationals in power and distribution look to compete more effectively," said Frost & Sullivan Energy & Environment Senior Research Analyst Avanthika Satheesh.
The HV transmission market has also got a boost with the Asian Development Bank and World Bank offering considerable support to utilities in their grid expansion projects, while in Africa, Tanzania's transmission expansion underscores similar priorities across emerging markets as well. Utilities are investing huge sums in upgrading their infrastructure, especially in Vietnam, Indonesia and Thailand, which are the fastest growing markets for HV transmission in the region.
By 2018, projects that are likely to be completed as a part of the Association of Southeast Asian Nations ASEAN grid realization are Thailand-Malaysia, Sarawak-Indonesia, Thailand-Laos, and Vietnam-Laos. Also, by that period, grid reliability improvement and integration of smart grid features will be major technical trends in the HV transmission market.
"Overall, the market is expected to be buoyed by utilities' plans to enhance the grid and strengthen it for power additions in the future," noted Satheesh. "Most of the revenue growth is expected from new substation projects, augmentation of existing substations, replacements, transmission line erections, and EPC services."
Related News
Related News
New clean energy investment in developing nations slipped sharply last year: report
Ontario Extends Off-Peak Electricity Rates to Provide Relief for Families, Small Businesses and Farms
Elon Musk could help rebuild Puerto Rico with solar-powered electricity grid
Doug Ford's New Stance on Wind Power in Ontario
Electricity exports to New York from Quebec will happen as early as 2025: Hydro-Quebec
How Electricity Gets Priced in Europe and How That May Change
Sign Up for Electricity Forum’s Newsletter
Stay informed with our FREE Newsletter — get the latest news, breakthrough technologies, and expert insights, delivered straight to your inbox.
Electricity Today T&D Magazine Subscribe for FREE
- Timely insights from industry experts
- Practical solutions T&D engineers
- Free access to every issue