An Analysis of Business Potential for Smart Residence Technology System in ASEAN Economic Community: An academic perspective

Abstract

Either in case of CO2 emission reduction aspect
or in cases where energy security increase are used for energy
management technologies. Smart grid technology serves the
main purpose of exactly efficient and sustainable energy
management. Smart grid technology including smart meter,
smart residence, renewable energy, electrical vehicle,
information and communication technology system enables to
collectively control small-scale distributed generation of smart
grid system. This article deals with the foundations of analysis
and synthesis on related information and researches including
academic perspectives on ASEAN Economic Community. The
preliminary hypotheses demonstrate that although smart grid
technology is seen as some significant weaknesses and threats,
the advantage of smart residence system business is considered
as interesting perspective under global climate change issue.
Furthermore, for those people who have purchasing power and
demand for this type of residence, this perspective serves for
electricity bill payment, environmental concerns, life quality,
positive image and national energy security. In similar way,
ASEAN Energy Market has potentiality and strength with
policy motto "One Vision, One Identity, One Community". The
ASEAN region integration is attracted to the investors due to
600 million populations (10% of world population), trillion USD
2.57 GDP and USD 10,700 GDP/capital (PPP / purchasing
power parity) in 2014. Additionally, ASEAN has the availability
of diverse natural and energy resources, strength in banking
system and investment funds as well as policy in the promotion
of smart grid technology and capacity building. Therefore, the
private sector is certainly the leader who conducts smart
residence technology business investment in the future.