By 2026, the GCC smart grid market will reach $ 1.68 billion
According to market research firm Research and Markets, the Gulf Cooperation Council (hereinafter referred to as the GCC) smart grid market is expected to increase to $ 1.68 billion by 2026.
Thanks to the support of the GCC countries to support the deployment of smart grid infrastructure, the GCC smart grid market is expected to usher in a huge increase. In addition, the region's growing electricity demand is bound to drive the development of power infrastructure.
The wisdom of the GCC region will lead to the development of smart grid market. The 2010 World Expo will be held in Dubai, and the 2022 World Cup will be held in Qatar, the two major prosperity will bring huge infrastructure development, including the increase in power infrastructure. Power infrastructure development and government deployment of smart grid technology policies are the region's smart grid market development of a huge driving force.
GCC's main players in the smart grid market include Schneider Electric, General Electric, Cisco Systems, IBM, Oracle, Accenture, and others.