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The Saudi Arabia smart grid network market size reached approximately USD 0.72 billion in 2024. The market is projected to grow at a CAGR of 14.7% between 2025 and 2034, reaching a value of around USD 2.51 billion by 2034.
A smart grid network is a modern electricity system utilising top-notch technologies to better manage power, including its distribution and consumption. It uses digital communication and control methods to track how electricity is produced, transmitted, and used, aiming for higher efficiency, reliability, and sustainability. Unlike the conventional grid, a smart grid incorporates various elements like sensors, meters, and advanced monitoring systems.
As smart grids enable the integration of these intermittent renewable sources into the existing grid infrastructure, ensuring stability and efficient distribution, the adoption of sustainable energy sources will favour the Saudi Arabia smart grid network market demand.
Based on components, the market can be segmented into hardware, software, and services. The Saudi Arabia smart grid network market segmentation, based on communication technology, includes wireline and wireless. The market, based on application, is categorised into generation, transmission, distribution, and consumption.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Saudi Arabia smart grid network market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
According to the Saudi Arabia smart grid network market analysis, the rising emphasis on the development of smart cities has propelled the demand for wireless smart grid networks to enable seamless connectivity across various grid components.
Moreover, wireless systems offer greater flexibility in deployment compared to traditional wired networks. They are easily scalable and adaptable, allowing for faster installation and modifications as per evolving grid requirements without the constraints of physical wiring.
With the increasing focus on renewable energy sources and modernisation of energy infrastructure, the Saudi Arabia smart grid network market share is expected to surge in the coming years. Smart grid networks play a pivotal role in the generation of electricity. Smart grid networks facilitate the integration of energy sources, such as solar and wind power, into existing grid systems. Furthermore, these networks also facilitate demand response management, optimising generation and consumption of energy and reducing energy losses.
Schneider Electric SE is a prominent multinational corporation specialising in energy management and automation solutions. Recognised for its diverse portfolio, the company offers innovative products and services across various sectors, catering to the evolving needs of industries and individuals alike.
General Electric Company is a US-based multinational corporation that operates across multiple sectors, including aviation, healthcare, power, and renewable energy. Operating since 1892, the company has delivered multiple innovative technological solutions and has been a pioneer in the power and renewable energy sectors. The company has a presence in more than 170 countries, with a strong reputation and deep customer relationships.
CG Power and Industrial Solutions Ltd. is a company specialising in power and industrial solutions. Recognised for its expertise in the electrical industry, the company provides a range of products and services catering to diverse sectors. With a focus on innovation and reliability, CG Power is committed to delivering solutions that meet the evolving needs of its customers and contribute to the advancement of various industries.
Other key players in the Saudi Arabia smart grid network market are Alstom SA, Advanced United Systems Co. Ltd, and Alfanar Group, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2024 |
Forecast Period | 2025-2034 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Communication Technology |
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Breakup by Application |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2024, the market reached an approximate value of USD 0.72 billion.
The market is projected to grow at a CAGR of 14.7% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach a value of around USD 2.51 billion by 2034.
The market is driven by the development of infrastructure in the power and utility sector and the increasing focus on integrating sustainable energy sources into existing grid systems.
The rapid technological advancements and the increasing government focus on transforming ageing infrastructure, supporting the modernisation of the electrical grid, are likely to drive the market during the forecast period.
The major components are hardware, software, and services.
The major application segments include generation, transmission, distribution, and consumption.
The key players in the market include Schneider Electric SE, General Electric Company, Alstom SA, CG Power and Industrial Solutions Ltd., Advanced United Systems Co. Ltd, and Alfanar Group, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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