UAE Smart Grid Market Assessment, By Network Area [Home Area Network (HAN), Neighbourhood Area Network (NAN), Wide Area Network (WAN), and Long-Range Wide Area Network (LoRaWAN)], By Components [Hardware and Software], By Technology [Distribution Automation, Conservation Voltage Reduction (CVR), Substation Automation, and Advanced Metering Infrastructure (AMI)], By Application [Generation, Transmission, Distribution], By Region, Opportunities, and Forecast, 2016-2030F

UAE Smart Grid Market has been experiencing noteworthy advancements and is anticipated to reach a value of USD 2.68 billion by 2030, reflecting substantial growth from USD 1.47 billion in 2022, at a CAGR of 7.82% during the forecast period.

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UAE Smart Grid Market has been experiencing noteworthy advancements and is anticipated to reach a value of USD 2.68 billion by 2030, reflecting substantial growth from USD 1.47 billion in 2022, at a CAGR of 7.82% during the forecast period.

The UAE has been at the forefront of adopting and implementing smart grid technologies. A smart grid refers to an advanced electrical grid that incorporates digital communication and automation to enhance efficiency, reliability, and sustainability. The UAE's driving factors for embracing smart grids include the need to diversify their energy mix, reduce dependency on fossil fuels, enhance grid resilience, and promote renewable energy integration. Moreover, the government has launched various smart grid strategies and invested in infrastructure to support smart grid development.

Smart grid strategies are essential in the UAE to enhance energy efficiency, optimize grid operations, integrate renewable energy sources, and ensure a reliable and resilient electricity infrastructure. These strategies support the country's sustainability goals, reduce carbon emissions, and foster a more efficient and sustainable energy future.

For example, DEWA's (Dubai Electricity and Water Authority's) Smart Grid Programme, with an investment of USD 1.91 billion, is aligned with the UAE government's vision of transforming Dubai into the world's happiest and smartest city. This program plays a vital role in DEWA's strategy to develop advanced infrastructure, supporting the Dubai Clean Energy Strategy 2050 and Dubai Net Zero Emissions Strategy 2050. DEWA initially established its Smart Grid strategy in 2014, extending it until 2035, and has successfully achieved its short-term goals. In 2021, DEWA launched an updated smart grid strategy focusing on value-driven approaches and consolidating their 10 smart grid programs into six themes with 19 globally leading smart grid capabilities. Consequently, smart grid strategies play a pivotal role in expediting the smart grid market in the UAE.

Focus on Utilizing Smart Grid Technologies

The UAE has been actively developing renewable energy projects with a focus on utilizing smart grid technologies. These projects aim to enhance the integration and efficiency of renewable energy sources into the electrical grid.

For example, On December 22, 2021, Abu Dhabi National Energy Company (TAQA) announced a significant renewable energy project targeting the reduction of carbon emissions from Abu Dhabi National Oil Company's (ADNOC) offshore production operations, supporting UAE's net-zero goals by 2050. In September 2022, TAQA successfully reached the financial close for this USD 3.8 billion project, establishing connections with offshore centralized power hubs through HVDC subsea transmission lines. This enables ADNOC's offshore facilities to directly import electricity from TRANSCO's onshore national power grid, with an expected 30% reduction in carbon footprint for ADNOC's offshore operations.

Installation of Smart Meters

The UAE has been actively installing smart meters as part of its efforts to modernize and optimize the energy infrastructure. Smart meters provide two-way communication between consumers and utilities, allowing for real-time monitoring of energy consumption and efficient billing processes. They enable consumers to track their energy usage, make informed decisions, and potentially reduce energy costs. Smart meters also facilitate the integration of renewable energy sources, demand response programs, and grid optimization. Additionally, the deployment of smart meters in the UAE fosters energy efficiency, grid reliability, and contributes to the country's transition to a more sustainable and digitally advanced energy sector.

According to DEWA, Dubai's population currently benefits from 2.1 million smart electricity and water meters, a substantial increase from the initial 200,000 meters installed during the first phase completed in January 2016. Furthermore, under the guidance of visionary leaders, the Dubai Electricity and Water Authority (DEWA) is steadfast in developing an advanced infrastructure that incorporates cutting-edge technologies from the Fourth Industrial Revolution. DEWA's objective is to establish a smart and interconnected grid system to efficiently manage facilities and services, aligning with the city's vision for a technologically advanced and sustainable future.

Government Regulations

Government regulations play a vital role in the development and operation of smart grids in the UAE. They ensure interoperability among different smart grid components and promote fair market practices. By establishing clear regulatory frameworks, the government can foster innovation, attract investments, and facilitate the seamless deployment of smart grid solutions. These regulations also help in achieving the UAE's energy goals, promoting sustainable development, and ensuring a reliable and resilient energy infrastructure for the future.

For example, On December 22nd, 2022, the UAE introduced a federal law governing the connection of distributed renewable energy units to the national electrical grid, aimed at increasing the proportion of clean energy in the overall power mix and reducing the carbon footprint. The Ministry of Energy and Infrastructure highlighted that the law also targets the reduction of electricity demand during peak periods from distribution networks. Moreover, the legislation allows distributed generation units, when connected to the electric utility's lower voltage distribution lines, to supply clean power to more customers and minimize electricity losses along transmission and distribution lines. The introduction of this law demonstrates the UAE's commitment to expanding clean energy usage and enhancing the efficiency and sustainability of its electrical grid.

Impact of COVID-19

The COVID-19 pandemic had both immediate and long-term impacts on the UAE's smart grid sector. In the short term, the pandemic disrupted supply chains, delayed project timelines, and hindered the deployment of smart grid technologies. The strict lockdown measures and restrictions on movement also affected the ability to conduct maintenance and fieldwork. However, the pandemic has also highlighted the importance of smart grid infrastructure in ensuring resilient and reliable energy systems. The UAE has recognized the need to invest in digital technologies and automation to enhance grid resilience and enable remote monitoring and control.

Moreover, the pandemic has accelerated the adoption of digital solutions, such as remote asset management and virtual inspections. Furthermore, the increased reliance on remote work and digital platforms during the pandemic has emphasized the role of smart grids in enabling flexible and efficient energy management. Hence, it can be stated that overall, the COVID-19 pandemic has underscored the significance of smart grid technologies in building a more resilient and sustainable energy future for the UAE.

UAE Smart Grid Market: Report Scope

Markets and Data has published a report titled " UAE Smart Grid Market Assessment, Opportunities and Forecast, 2016-2030F", which thoroughly examines and assesses the current state of the smart grid market in the UAE. The report provides a comprehensive analysis of industry dynamics, growth prospects, and forecasted trends from 2023 to 2030. It also delves into the strategies, competitive landscape, and market influence of key industry players, presenting valuable insights for stakeholders to consider. The study aims to offer a detailed understanding of the UAE smart grid market, enabling informed decision-making and strategic planning for industry participants and investors.

 

Report Attribute

Details

Base Year of the Analysis

2022

Historical Period

2016-2021

Forecast Period

2023-2030

Projected Growth Rate

CAGR of 7.82% between 2023-2030

Revenue Forecast in 2030

USD 2.68 billion

Units

Revenue in USD billion

Segments Covered

Network Area, Components, Technology, Application, and End-user

Regions Covered

Dubai, Abu Dhabi, Ajman, Sharjah, Fujairah, and Umm Al-Quwain

Key Companies Profiled

Dubai Electricity and Water Authority (DEWA), Abu Dhabi Distribution Company (ADDC), Abu Dhabi Transmission and Despatch Company (TRANSCO), Sharjah Electricity and Water Authority (SEWA), Emirates Water and Electricity Company (EWEC), Siemens AG, ABB FZ-LLC, Schneider Electric SE, Honeywell International Inc., Cisco Systems, Inc., etc.

Customization Scope

15% free report customization with purchase

Pricing and Purchase Options

Avail the customized purchase options to fulfil your precise research needs

Delivery Format

PDF and Excel through email (subject to the license purchased)

In this report, UAE Smart Grid Market has been ramified into following categories: 

1.       By Network Area

1.1.    Home Area Network (HAN)

1.2.    Neighbourhood Area Network (NAN)

1.3.    Wide Area Network (WAN)

1.4.    Long Range Wide Area Network (LoRaWAN)

2.       By Components

2.1.     Hardware

2.1.1. Smart sensors (Temperature sensors)

2.1.2. Smart Power Meters

2.1.3. Smart Substations

2.1.4. Super Conducting Cables

2.1.5. Integrated communications

2.1.6. Phasor Measurement Units (PMU)

2.2.     Software

2.2.1. Smart Energy Management System

2.2.2. Demand response Programs (DR)

2.2.3. Distribution Management Systems (DMS)

2.2.4. Outage Management Systems (OMS)

3.       By Technology

3.1.    Distribution Automation

3.2.    Conservation Voltage Reduction (CVR)

3.3.    Substation Automation

3.4.    Advanced Metering Infrastructure (AMI)

4.       By Application

4.1.    Generation

4.2.    Transmission

4.3.    Distribution

5.       By End-user

5.1.    Residential

5.2.    Commercial

5.3.    Industrial

5.4.    Transportation

6.       By Region

6.1.    Dubai

6.2.    Abu Dhabi

6.3.    Ajman

6.4.    Sharjah

6.5.    Fujairah

6.6.    Umm Al-Quwain

Key Players Landscape and Outlook

The smart grid market in the UAE is experiencing significant growth as organizations recognize the significance of smart grid infrastructure in ensuring grid stability. These organizations are strategically positioning themselves to maintain market share and explore international expansion prospects. They are allocating resources towards technological advancements in smart grid systems, energy resilience, research and development, and fostering collaborations to promote the installation of smart devices. Additionally, they are investing in utility-scale hydrogen plants and expanding distribution networks through notable mergers, acquisitions, and joint ventures.

In October 2022, the Emirates Nuclear Energy Corporation (ENEC) and its operations and maintenance subsidiary, Nawah Energy Company (Nawah), collaborated with Abu Dhabi Transmission & Despatch Company (TRANSCO), a subsidiary of Abu Dhabi National Energy Company (TAQA), to establish the connection of Unit 3 of the Barakah Nuclear Energy Plant to the UAE grid. This successful collaboration marked a milestone achievement, dispatching the plant's first megawatts of carbon-free electricity to the nation.

In June 2022, DEWA (Dubai Electricity and Water Authority) introduced an Automatic Smart Grid Restoration System (ASGR) in the UAE, aimed at enhancing control, management, and monitoring of the power network. The ASGR operates autonomously 24/7, eliminating the need for human intervention, and utilizes an intelligent centralized system to detect faults, isolate them, and automatically restore disrupted service.

Key Players Operating in the UAE Smart Grid Market are:

·         Dubai Electricity and Water Authority (DEWA)

·         Abu Dhabi Distribution Company (ADDC)

·         Abu Dhabi Transmission and Despatch Company (TRANSCO)

·         Sharjah Electricity and Water Authority (SEWA)

·         Emirates Water and Electricity Company (EWEC)

·         Siemens AG

·         ABB FZ-LLC

·         Schneider Electric SE

·         Honeywell International Inc.

·         Cisco Systems, Inc.

Markets and Data’s reports answer the following questions:

·         What is the current and future market size of the product/service in question globally or specific to different countries?

·         How are the markets divided into different product/service segments and the market size and growth of each segment?

·         What is the market potential of different product segments and their investment case?

·         How are the markets predicted to develop in the future and what factors will drive or inhibit growth?

·         What is the business environment and regulatory landscape specific to the product/service?

If you can't find what you're searching for or have any custom requirements for UAE smart grid market, you may approach our team at info@marketsandata.com

Table of Contents

1.       Research Methodology

2.       Project Scope & Definitions

3.       Impact of Covid-19 on UAE Smart Grid Market

4.       Executive Summary

5.       Voice of Customer

5.1. Product and Market Intelligence

5.2. Sources of Information

5.3. Factors Considered in Purchase Decisions

5.3.1.       Overall Expenses

5.3.2.       Facility Requirement

5.3.3.       Operational Manpower Expertise

5.3.4.       Number of Installation Units

5.3.5.       Experience in the Industry

5.3.6.       Efficiency

5.3.7.       After-Sales Support

5.4. Purpose of Installation

5.5. Demand and Supply Mechanism

5.6. Consideration and Understanding of Safety Regulations

5.7. Application of Legal Compliances

5.8. Existing User or Intended Purchaser

6.       United Arab Emirates Smart Grid Market Outlook, 2016-2030F

6.1. Market Size & Forecast

6.1.1.       By Value

6.1.2.       By Volume

6.2. By Network Area

6.2.1.                                                  Home Area Network (HAN)

6.2.2.                 Neighbourhood Area Network (NAN)

6.2.3.                 Wide Area Network (WAN)

6.2.4.                 Long Range Wide Area Network (LoRaWAN)

6.3. By Components

6.3.1.            Hardware

6.3.1.1.  Smart sensors (Temperature sensors)

6.3.1.2.  Smart Power Meters

6.3.1.3.  Smart Substations

6.3.1.4.  Super Conducting Cables

6.3.1.5.  Integrated communications

6.3.1.6.  Phasor Measurement Units (PMU)

6.3.2.       Software

6.3.2.1.  Smart Energy Management System

6.3.2.2.  Demand response Programs (DR)

6.3.2.3.  Distribution Management Systems (DMS)

6.3.2.4.  Outage Management Systems (OMS)

6.4. By Technology

6.4.1         Distribution Automation

6.4.2         Conservation Voltage Reduction (CVR)

6.4.3         Substation Automation

6.4.4         Advanced Metering Infrastructure (AMI)

6.5. By Application

6.5.1.        Generation

6.5.2.        Transmission

6.5.3.        Distribution

6.6. By End-user

6.6.1.        Residential

6.6.2.        Commercial

6.6.3.        Industrial

6.6.4.        Transportation

6.7.  By Region

6.7.1.       Dubai

6.7.2.       Abu Dhabi

6.7.3.       Ajman

6.7.4.       Sharjah

6.7.5.       Fujairah

6.7.6.       Umm Al-Quwain

6.8. By Company Market Share (%), 2022

7.       Market Mapping, 2022

7.1. By Network Area

7.2. By Components

7.3. By Technology

7.4. By Application

7.5. By End-user

7.6. By Region

8.       Macro Environment and Industry Structure

8.1. Supply Demand Analysis

8.2. Import Export Analysis

8.3. Value Chain Analysis

8.4. PESTEL Analysis

8.4.1.       Political Factors

8.4.2.       Economic System

8.4.3.       Social Implications

8.4.4.       Technological Advancements

8.4.5.       Environmental Impacts

8.4.6.       Legal Compliances and Regulatory Policies (Statutory Bodies Included)

8.5. Porter’s Five Forces Analysis

8.5.1.       Supplier Power

8.5.2.       Buyer Power

8.5.3.       Substitution Threat

8.5.4.       Threat from New Entrant

8.5.5.       Competitive Rivalry

9.       Market Dynamics

9.1. Growth Drivers

9.2. Growth Inhibitors (Challenges and Restraints)

10.   Key Players Landscape

10.1.         Competition Matrix of Top Five Market Leaders

10.2.         Market Revenue Analysis of Top Five Market Leaders (in %, 2022)

10.3.         Mergers and Acquisitions/Joint Ventures (If Applicable)

10.4.         SWOT Analysis (For Five Market Players)

10.5.         Patent Analysis (If Applicable)

11.   Pricing Analysis

12.   Case Studies

13.   Key Players Outlook

13.1.         Dubai Electricity and Water Authority (DEWA)

13.1.1.    Company Details

13.1.2.    Key Management Personnel

13.1.3.    Products and Services

13.1.4.    Financials (As reported)

13.1.5.    Key Market Focus and Geographical Presence

13.1.6.    Recent Developments

13.2.       Abu Dhabi Distribution Company (ADDC)

13.3.       Abu Dhabi Transmission and Despatch Company (TRANSCO)

13.4.       Sharjah Electricity and Water Authority (SEWA)

13.5.       Emirates Water and Electricity Company (EWEC)

13.6.       Siemens AG

13.7.       ABB FZ-LLC

13.8.       Schneider Electric SE

13.9.       Honeywell International Inc.

13.10.    Cisco Systems, Inc.

*Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work

14.   Strategic Recommendations

15.   About Us & Disclaimer

List of Figures: UAE Smart Grid Market

Figure 1. UAE Smart Grid Market, By Value, in USD Million, 2016-2030F

Figure 2. UAE Smart Grid Market, By Volume, in Gigawatts, 2016-2030F

Figure 3. UAE Smart Grid Market Share, By Network Area, in USD Million, 2016-2030F

Figure 4. UAE Smart Grid Market Share, By Components, in USD Million, 2016-2030F

Figure 5. UAE Smart Grid Market Share, By Technology, in USD Million, 2016-2030F

Figure 6. UAE Smart Grid Market Share, By Application, in USD Million, 2016-2030F

Figure 7. UAE Smart Grid Market Share, By End-user, in USD Million, 2016-2030F

Figure 8. UAE Smart Grid Market Share, By Region, in USD Million, 2016-2030F

Figure 9. By Network Area Map-Market Size (USD Million) & Growth Rate (%), 2022

Figure 10. By Components Map-Market Size (USD Million) & Growth Rate (%), 2022

Figure 11. By Technology Map-Market Size (USD Million) & Growth Rate (%), 2022

Figure 12. By Application Map-Market Size (USD Million) & Growth Rate (%), 2022

Figure 13. By End-user Map-Market Size (USD Million) & Growth Rate (%), 2022

Figure 14. By Region Map-Market Size (USD Million) & Growth Rate (%), 2022 

List of Tables: UAE Smart Grid Market

Table 1. Pricing Analysis of Products from Key Players

Table 2. Competition Matrix of Top 5 Market Leaders

Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)

Table 4. About Us - Region and Countries Where We Have Executed Client Projects

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