Research and Markets has announced the addition of the "GCC Smart Grid Market By Business Type (Solution, Services), By Country (Saudi Arabia, UAE, Qatar, Kuwait, Oman & Bahrain), Competition Forecast & Opportunities, 2012-2026" report to their offering.
GCC smart grid market is projected to grow to $ 1.68 billion by 2026
GCC smart grid market is expected to grow tremendously 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 is bound to 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, including augmentation in power infrastructure. The development in power infrastructure and governments' policy to deploy smart grid technologies are some other factors that will 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.
GCC Smart Grid Market, Competition Forecast & Opportunities, 2012-2026 discusses:
Market Trends & Developments
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