Market Research Report
GCC Smart Grid Market By Business Type (Solution, Services), By Country (Saudi Arabia, UAE, Qatar, Kuwait, Oman & Bahrain), Competition Forecast & Opportunities, 2012-2026
|Published by||TechSci Research||Product code||508840|
|Published||Content info||115 Pages
Delivery time: 1-2 business days
|GCC Smart Grid Market By Business Type (Solution, Services), By Country (Saudi Arabia, UAE, Qatar, Kuwait, Oman & Bahrain), Competition Forecast & Opportunities, 2012-2026|
|Published: May 29, 2017||Content info: 115 Pages||
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 deployment of smart grid infrastructure by the governments of the GCC member countries. Moreover, increasing demand for electricity in the region will promulgate the development of power infrastructure across the GCC nations. The development of smart city projects in the region would provide impetus to smart grid market during the forecast period. World Expo 2020 is scheduled to be conducted in Dubai and FIFA World Cup 2022 is also planned in Qatar. These two major events have led to a widespread infrastructure development, which includes augmentation in power infrastructure. The development in power infrastructure and governments' policy to deploy smart grid technologies would provide a big thrust to smart grid market in the GCC during the forecast period.
Few of the leading players in GCC smart grid market include Siemens AG., ABB Ltd., Schneider Electric SE, General Electric Co., CISCO Systems Inc., IBM Corporation, Oracle Corporation, Accenture PLC, Landis+Gyr, DTS Solution, etc.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of smart grid companies.in the GCC. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include the smart grid vendors which could not be identified due to limitations of secondary research. TechSci Research analyzed product offerings, distribution channels and country-wise presence of all major companies operating in smart grid business.
TechSci 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. TechSci 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, Trade Arabia, MEED Projects, press releases, company annual reports, white papers, investor presentations and financial reports were also used by TechSci Research.
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.
In this report, the smart grid market has been segmented into the following categories in addition to the industry trends which have also been detailed below:
With the given market data, TechSci Research offers customizations according to company's specific needs. The following customization options are available for the report: