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The United Arab Emirates Smart Grid Market is segmented by Technology Application Area (Transmission, Communication Technology, Advanced Metering Infrastructure (AMI), and Other Technology Application Areas).
Study Period:
2016 - 2026
Base Year:
2019
CAGR:
2.5 %
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.
The United Arab Emirates smart grid market report includes:
By Technology Application Area | |
Transmission | |
Communication Technology | |
Advanced Metering Infrastructure (AMI) | |
Other Technology Application Areas |
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The United Arab Emirates smart grid market is partially consolidated. Major companies in the market include General Electric Company, Honeywell International Inc., Schneider Electric SE, Dubai Electricity and Water Authority, and Korea Electric Power Corporation, among others.
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 PESTLE Analysis
5. MARKET SEGMENTATION
5.1 By Technology Application Area
5.1.1 Transmission
5.1.2 Communication Technology
5.1.3 Advanced Metering Infrastructure (AMI)
5.1.4 Other Technology Application Areas
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Abu Dhabi Distribution Company
6.3.2 General Electric Company
6.3.3 ABB Ltd
6.3.4 Schneider Electric SE
6.3.5 Honeywell International Inc.
6.3.6 Dubai Electricity and Water Authority
6.3.7 Sharjah Electricity and Water Board
6.3.8 Korea Electric Power Corporation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability