Smart Grid investment will shift from North America and Europe to emerging market regions over the next 10 years. Southeast Asian Smart Grid market revenue is expected to grow at CAGR of 25% during 2015-2018. By 2024, the largest markets will be Thailand, Singapore, Indonesia, Malaysia, the Philippines, and Vietnam. Several countries have launched smart grid roadmaps and pilot projects are widespread. Regulatory frameworks are still developing but momentum will grow over the next several years. Market growth is expected to hasten from 2018 onwards and both utilities and vendors are already working together to ensure preparedness when regulations are finalized.