GCC smart grid market was valued at $ 0.48 billion in 2016, and is projected to grow at a CAGR of 13.51%, in value terms, to reach $ 1.68 billion by 2026, on the back of
Years considered for this report
Base Year2016
Estimated Year2017
Forecast Period2017–2026
Objective of the Study
- To define, classify and
forecast the smart grid market based on solutions and services.
- To estimate and forecast
market size for smart grid business in the GCC, in terms of value.
- To analyze the detailed
market segmentation and forecast the market share, based on type of
business i.e. solutions & services across six countries – Saudi Arabia,
UAE, Qatar, Kuwait & Bahrain.
- To bifurcate and figure
out the share of smart grid solutions i.e. (Advanced Metering
Infrastructure, Smart Grid Distribution Management, Smart Grid
Communication, Grid Asset Management, Geographic Information System,
Billing and Customer Information System).
- To estimate the market
share of different services in smart grid services business i.e.
(Deployment & Integration, Consulting, Support & Maintenance).
- To examine competitive
developments such as technological advancements, industry trends, drivers
and challenges in GCC smart grid market.
- To strategically profile
the leading players in the market which are involved in the smart grid
business in the GCC.
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Few of the leading players in GCC smart grid market
Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of smart grid companies.in the GCC. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research was able to include the smart grid vendors which could not be identified due to limitations of secondary research. Market insights research analyzed product offerings, distribution channels and country-wise presence of all major companies operating in smart grid business.
Market insights research calculated the market size for smart grid using a bottom-up approach, where vendors’ revenue data for standard applications was recorded and forecast for the future years. Market insights research sourced these values from industry experts and company representatives and externally validated the same by analysing historical sales data of respective entities to arrive at the overall market size. Various secondary sources such as secondary sources directories,
Key Target Audience
- Smart Grid services providers
- Smart Grid solutions providers
- Electricity utilities companies
- Research organizations and consulting companies
- Associations, organizations, forums and alliances
related to smart grid
- Government bodies such as regulating authorities and
policy makers
- Industry associations
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as smart grid service providers, smart grid solution providers, Power utilities, Power consumers. The analysis of trends & developments and drivers & challenges provides a holistic view of the smart grid market. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.
