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Report

Saudi Arabia Smart Grid Network Market Report and Forecast 2024-2032

Market Report I 2024-02-15 I 148 Pages I EMR Inc.

Saudi Arabia Smart Grid Network Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the Saudi Arabia smart grid network market reached a value of USD 0.72 billion in 2023. Aided by the Kingdom's committed shift towards sustainable and efficient energy management systems, the market is projected to further grow at a CAGR of 14.7% between 2024 and 2032 to reach a value of USD 2.51 billion by 2032.
A smart grid is an electricity network that leverages digital technology to monitor and manage the transport of electricity from all generation sources to meet the varying electricity demands of end-users. The integration of smart grids in Saudi Arabia encompasses advanced metering infrastructure (AMI), distribution automation, smart grid communications, and software applications, facilitating real-time control and data management for enhanced efficiency, reliability, and sustainability of electricity services.
Saudi Arabia smart grid network market outlook is being influenced by the adoption of renewable energy solutions and enhancing energy efficiency as part of its Vision 2030 reform plan. This strategic pivot not only aims to diversify the energy mix but also to manage the growing demand for electricity in the region efficiently. The deployment of smart grid technologies is critical in integrating renewable energy sources, such as solar and wind, with the existing grid, thus ensuring a stable and reliable power supply.
According to the Saudi Arabia smart grid network market analysis, the government's initiatives towards digital transformation in the energy sector, including the deployment of smart meters and grid automation, are pivotal drivers for the smart grid network market. These efforts are complemented by substantial investments in research and development, fostering innovation in smart grid solutions tailored to the region's unique energy landscape.
The application of smart grid technologies in Saudi Arabia extends beyond conventional energy management which further boosts the Saudi Arabia smart grid network market demand. It encompasses innovative solutions for demand response, which allows for the adjustment of electricity use in response to supply conditions, thereby optimising energy consumption during peak hours. Additionally, smart grids facilitate the integration of electric vehicles (EVs) into the energy system, supporting the Kingdom's environmental goals and reducing dependency on fossil fuels.
Saudi Arabia's smart grid network development is part of a broader trend across the Middle East, where countries are increasingly focusing on sustainable energy solutions. The Kingdom's leadership in this area is expected to serve as a model for regional neighbours, encouraging similar investments and collaborations in smart grid technologies across the Gulf Cooperation Council (GCC) countries.
Market Segmentation
The market can be divided based on component, communication technology, and application.
Market Breakup by Component
- Hardware
- Software
- Services
Market Breakup by Communication Technology
- Wireline
- Wireless
Market Breakup by Application
- Generation
- Transmission
- Distribution
- Consumption
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Saudi Arabia smart grid network market. Some of the major players explored in the report by Expert Market Research are as follows:
- Schneider Electric SE
- General Electric Company
- Alstom SA
- CG Power and Industrial Solutions Ltd.
- Advanced United Systems Co. Ltd
- Alfanar Group
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Middle East and Africa Smart Grid Network Market Overview
8.1 Key Industry Highlights
8.2 Middle East and Africa Smart Grid Network Historical Market (2018-2023)
8.3 Middle East and Africa Smart Grid Network Market Forecast (2024-2032)
8.4 Middle East and Africa Smart Grid Network Market Share by Country
8.4.1 Saudi Arabia
8.4.2 United Arab Emirates
8.4.3 Nigeria
8.4.4 South Africa
8.4.5 Others
9 Saudi Arabia Smart Grid Network Market Overview
9.1 Key Industry Highlights
9.2 Saudi Arabia Smart Grid Network Historical Market (2018-2023)
9.3 Saudi Arabia Smart Grid Network Market Forecast (2024-2032)
10 Saudi Arabia Smart Grid Network Market by Component
10.1 Hardware
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Software
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Services
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Saudi Arabia Smart Grid Network Market by Communication Technology
11.1 Wireline
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Wireless
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Saudi Arabia Smart Grid Network Market by Application
12.1 Generation
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Transmission
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Distribution
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Consumption
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter's Five Forces Analysis
13.2.1 Supplier's Power
13.2.2 Buyer's Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Schneider Electric SE
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 General Electric Company
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Alstom SA
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 CG Power and Industrial Solutions Ltd.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Advanced United Systems Co. Ltd
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Alfanar Group
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Others
15 Key Trends and Developments in the Market

List of Key Figures and Tables
1. Middle East and Africa Smart Grid Network Market: Key Industry Highlights, 2018 and 2032
2. Saudi Arabia Smart Grid Network Market: Key Industry Highlights, 2018 and 2032
3. Saudi Arabia Smart Grid Network Historical Market: Breakup by Component (USD Billion), 2018-2023
4. Saudi Arabia Smart Grid Network Market Forecast: Breakup by Component (USD Billion), 2024-2032
5. Saudi Arabia Smart Grid Network Historical Market: Breakup by Communication Technology (USD Billion), 2018-2023
6. Saudi Arabia Smart Grid Network Market Forecast: Breakup by Communication Technology (USD Billion), 2024-2032
7. Saudi Arabia Smart Grid Network Historical Market: Breakup by Application (USD Billion), 2018-2023
8. Saudi Arabia Smart Grid Network Market Forecast: Breakup by Application (USD Billion), 2024-2032
9. Saudi Arabia Smart Grid Network Market Structure

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