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GCC Smart Grid Market – Opportunities & Forecast, 2020-2027

The primary factor driving the growth of the GCC smart grid market includes rising environmental concerns associated with carbon emission. The government prefers the use of renewable energy as the source of power generation to reduce carbon emission and to develop productive energy infrastructure. <br><br>Visit:u00a0https://www.gmiresearch.com/report/gcc-smart-grid-market/

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GCC Smart Grid Market – Opportunities & Forecast, 2020-2027

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  1. Report Title GCC Smart Grid Market – Opportunities & Forecast, 2020- 2027 GMI Research GMI Research See the Future Insights 1

  2. The GMI Research’s market research report is a professional and in-depth study on the current state of the market, which covers numerous aspects of the industry, such as the market size, market status, market trends, and forecast. The market report also offers brief information related to the competitors and the specific growth opportunities with key market drivers. The GCC Smart Grid Market drivers and trends are as follows: The primary factor driving the growth of the GCC smart grid market includes rising environmental concerns associated with carbon emission. The government prefers the use of renewable energy as the source of power generation to reduce carbon emission and to develop productive energy infrastructure. These factors support the growing demand for smart grids. Rapid industrialization and the rising population rate are some other factors that are increasing the energy demand in the GCC region. The smart grid technology helps to control and monitor the power flow, which identifies any theft of electricity, hence raising the revenue collection through power usage. These factors have changed the focus of the government to invest in energy infrastructure, thereby fuelling the growth of the smart grid market. The FIFA world cup 2022, which is scheduled to be organized in Qatar, and World Expo 2020 is planned in Dubai. The increasing number of projects has accelerated the overall infrastructure development in the GCC region. Due to the growing number of events, the government’s interest has inclined to deploy smart grids to improve the power supply in the GCC region. Another major initiative taken by the government in Saudi Arabia Vision 2030, which focuses on boosting the power generation capacity to 3.45 GW by implementing smart grids, will further propel the market growth. Key Benefits of the Report: •This report offers an analytical depiction of the GCC smart grid market while providing the current trends and future estimations to determine the imminent investment pockets. •This study illustrates every relevant information, including the market drivers, restraints, and emerging opportunities, followed by a detailed analysis of the GCC smart grid market share. 2

  3. •The report also provides a detailed GCC smart grid market analysis based on competitive intensity and how the competition will take shape over the next six years. Segmentation of the GCC Smart Grid Market: Breakup by Component: •Software oAdvanced Metering Infrastructure oSmart Grid Distribution Management oSmart Grid Network Management oGrid Asset Management oSubstation Automation oSmart Grid Security oBilling and Customer Information System •Hardware •Service oConsulting oDeployment and Integration oSupport and Maintenance Breakup by End-User: •Residential •Commercial •Industrial Breakup by Countries: •Saudi Arabia •Oman •Kuwait •UAE •Rest of GCC About GMI Research 3

  4. GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve. Contact Us Company Name: GMI RESEARCH Email: enquiry@gmiresearch.com Phone: +353 1 442 8820 Address:Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate City: Dublin State: Dublin Country: Ireland Website: https://www.gmiresearch.com/ 4

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