The United Arab Emirates smart grid market is expected to register a CAGR of more than 2.5%, during the forecast period (2020 - 2025). Factors, like the ongoing investment in grid modernization, robust renewable energy growth, and the need to meet growing power demand, are expected to drive the market of the smart grid networks in the forecast period. However, developing a smart grid in a pace, with which the UAE's growing renewable energy sector and the significant initial investment for the modification of the network, is expected to slightly restrain the market in the future.

Dubai Electricity and Water Authority (DEWA) is planning to develop an advanced infrastructure, aiming to make Dubai's smartest city through smart grid and smart meters in different phases, with an investment of AED 7 billion, by 2035. This is expected to drive the smart meter market significantly.

According to IRENA, the United Arab Emirates is expected to install more than 18 GW of solar energy by 2030, which, in turn, may drive the demand for the smart grid in the future, creating vast opportunities for market players.

Initiatives, like Smart Applications via Smart Grid and Meters launched by Dubai Electricity and Water Authority (DEWA), for the period of 2016-2020, are expected to drive the growth of smart grid network in the future.