GCC Smart Meter Market

Smart meters are the upgraded version of the traditional meters with additional features. A smart meter provides feasibility to get quick and real-time information about energy consumption based on day, week, or month. The devices are connected via Wifi, which provides two-way communication between the meter and the central system. A smart meter consists of three main components: power system, microcontroller, and communication interface. The power system allows consistent supply of power with battery backup. Microcontroller converts the signals and sends output so that accurate information can be collected.

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The rising demand for efficient energy solution, along with the development of smart city projects in the region are the key factors driving the growth of the GCC Smart Meter Market. Various government initiatives focusing on expanding infrastructure development and economic growth will accelerate the demand for efficient energy management solutions, thereby driving the growth of the market. The Dubai Plan 2021 emphasises on industrial development, which in turn, will have a positive impact on the growing demand for smart meters. Moreover, the continuous technological advancement of the smart meters will create new opportunities in the market, thus attracting new end-users to the GCC Smart Meter market over the coming years. On the other hand, the high installation cost of smart meters as compared to the traditional meters will hinder the growth of the market.

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Based on type, the GCC Smart Meter market is segmented into Smart Water Meters, Smart Electric Meters, and Smart Gas Meters. The Smart Water meter segment is expected to grow at a higher CAGR over the forecast period owing to the increasing number of upcoming and ongoing projects across the GCC countries. The Smart Dubai initiative aims for smart transformation, operational efficiency and reducing the water losses in the country. The installation of the smart water meter will help the consumers to monitor their water consumption accurately and instantly for any part of the world.

Based on End-User, the GCC Smart Meter market is segmented into Commercial, Residential and Industrial. The commercial segment is anticipated to lead the market during the forecast period owing to the increasing development of smart cities along with other mega construction projects such as the development of Jaddah tower, Amaala, Sharaan resort at Al-Ula, Jabal Omar and Al Widyan in GCC. The growing environmental awareness across communities is encouraging them to opt for smart meters for optimized energy consumption.

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Various notable players operating in the GCC Smart Meter market include QTM, Iskraemeco d.d., Kamstrup, Itron Inc., Xylem Inc., Abunayyan Holding, Advanced Electronics Company Limited, Global Energy Technologies, Landis + Gyr AG, and Diehl Stiftung & Co. KG among others.

The GCC Smart Meter market has been segmented on the basis of type, communication type, component, end-user, technology and Countries. Based on Type, the market is segmented into Smart Water Meters, Smart Electric Meters, and Smart Gas Meters. Based on the communication type, the market is segmented into RF, PL and Cellular. Based on the component, the market is segmented into Hardware and Software. Based on the end-user, the market is segmented into Commercial, Residential, and Industrial. Based on technology, the market is segmented into Advanced Metering Infrastructure (AMI) and Automatic Meter Reading (AMR).

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Key questions answered in this research report:

• • At what pace is GCC Smart Meter Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in GCC Smart Meter Market? What will be the impact of drivers and restraints in the future?
  • Which Type generated maximum revenues in 2019 and identify the most promising Type during the forecast period?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
  • What are the various End-Users of GCC Smart Meter market and how they are poised to grow?

Market Segmentation

GCC Smart Meter Market by Type

• • Smart Water Meter
  • Smart Electric Meter
  • Smart Gas Meter

GCC Smart Meter Market by Communication Type

• • RF
  • PLC
  • Cellular

GCC Smart Meter Market by Component Type

• • Hardware
  • Software

GCC Smart Meter Market by End-User

• • Commercial
  • Residential
  • Industrial

GCC Smart Meter Market by Technology

• • Advanced Metering Infrastructure (AMI)
  • Automatic Meter Reading (AMR)

GCC Smart Meter Market by Countries

• • UAE Smart Meter Market All-Up (Option 1: Free 25% Customization)
  • Saudi Arabia Smart Meter Market All-Up (Option 2: Free 25% Customization)
  • Oman Smart Meter Market All-Up (Option 3: Free 25% Customization)
  • Kuwait Smart Meter Market All-Up (Option 4: Free 25% Customization)
  • Rest of GCC Smart Meter Market All-Up (Option 5: Free 25% Customization)

GCC Smart Meter Leading market players (Option 6: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • QTM
  • Iskraemeco d.d.
  • Kamstrup
  • Itron Inc.
  • Xylem Inc.
  • Abunayyan Holding
  • Advanced Electronics Company Limited
  • Global Energy Technologies
  • Landis + Gyr AG
  • Diehl Stiftung & Co. KG