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Saudi Arabia Smart Grid Market – Opportunities & Forecast, 2020-2027

Some of the factors surging the growth of the Saudi Arabia smart grid market is rapid modernization and growing environmental concerns. The government is inclining towards renewable energy sources to decrease carbon emission and offer more efficient energy infrastructure, which propels the growth of the smart grid market in the country. <br>For Additional Insights, Click to Access Complete Report: https://www.gmiresearch.com/report/saudi-arabia-smart-grid-market/<br>

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Saudi Arabia Smart Grid Market – Opportunities & Forecast, 2020-2027

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  1. Report Title Saudi Arabia Smart Grid Market – Opportunities & Forecast, 2020- 2027 GMI Research GMI Research See the Future Insights 1

  2. The market report studies the impact of COVID-19 on the market while covering many aspects of the industry such as market size, market status, emerging trends, and forecast. The report also offers a brief information of the competitors and the specific growth opportunities, along with key market drivers. Key Drivers of Saudi Arabia Smart Grid Market: Some of the factors surging the growth of the Saudi Arabia smart grid market is rapid modernization and growing environmental concerns. The government is inclining towards renewable energy sources to decrease carbon emission and offer more efficient energy infrastructure, which propels the growth of the smart grid market in the country. Due to rapid industrialization, there is an upsurge in need to improve the existing grid network to meet the rising demand. The smart grid offers the technology to monitor and track power usage, which can enhance revenue collection from electricity as it becomes easy to address electricity theft. With these solutions to improve power stations and overall energy infrastructure, the growth of the smart grid market is also boosting. The Saudi Arabia vision 2030 emphasizes on implementation of smart grids, with the contribution of US$ 100 billion by NEOM to surge the power generation capacity to 3.45 GW. Several initiatives are being taken by the government to deploy renewable resources and initiate substantial investments to enhance grid networks. By 2030, Saudi Arabia has planned to grow 40 GW solar power capacity and 20 GW of the wind power plant and other projects. The south Saudi Arabian smart grid initiative was introduced by the South Saudi Arabian National Energy Development Institute (SANEDI) to build and modernize its grid network infrastructure to meet the increasing energy demand. These initiatives to improve aging grid networks play a substantial role in the rising demand of the Saudi Arabia smart grid market. For Additional Insights, Click to Access Complete Report: https://www.gmiresearch.com/report/saudi-arabia-smart-grid-market/ Saudi Arabia Smart Grid Market Segmentation: 2

  3. The Saudi Arabia smart grid market has been segmented into the following categories: Saudi Arabia Smart Grid Market by Component: •Software oAdvanced Metering Infrastructure oSmart Grid Distribution Management oSmart Grid Network Management oGrid Asset Management oSubstation Automation oSmart Grid Security oBilling and Customer Information System •Hardware •Service oConsulting oDeployment and Integration oSupport and Maintenance Saudi Arabia Smart Grid Market by End-User: •Residential •Commercial •Industrial About GMI Research GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. 3

  4. This factor makes us a pioneer in the emerging market research space. Our syndicate reports cover multiple industries across various regions and countries. Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve. Contact Us Company Name: GMI RESEARCH Email: enquiry@gmiresearch.com Phone: +353 1 442 8820 Address:Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate City: Dublin State: Dublin Country: Ireland Website: https://www.gmiresearch.com/ 4

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