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Study Period | 2020 - 2030 |
Base Year For Estimation | 2024 |
Forecast Data Period | 2025 - 2030 |
Historical Data Period | 2020 - 2023 |
CAGR | 3.00 % |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Saudi Arabia Smart Grid Market Analysis
The Saudi Arabia Smart Grid Network Market is expected to register a CAGR of greater than 3% during the forecast period.
- Advanced Metering Structure is expected to drive the smart grid network significantly, providing monitoring of bi-directional flow of electricity, owing to increasing grid development.
- Saudi Arabia plans to deploy 40 GW of solar power capacity and 20 GW of wind and other sources by 2030, which will create vast opportunities for smart grid players in the upcoming period.
- South Saudi Arabia is aiming to develop and renovate its aging grid infrastructure. To meet the growing electricity demand, the South Saudi Arabian National Energy Development Institute (SANEDI) updated the South Saudi Arabian Smart Grid Initiative in 2017.
Saudi Arabia Smart Grid Market Trends
Advanced Metering Infrastructure to Witness a Significant Growth
- Advanced metering infrastructure (AMI) or smart metering is an integrated system of smart meters, communications networks, and data management systems that are fundamental in the smart grid and are expected to show considerable growth.
- In 2019, Saudi Electricity Co awarded a project to install 10 million smart meters across Saudi Arabia as part of a broader plan to improve power distribution with an investment of USD 2.5 billion.
- According to a report in 2018, Middle East & North Africa Region Forecast to Invest USD 17.6 Billion in Smart Grid Infrastructure by 2027, which will drive the smart meter market. Saudi Arabia is expected to hold a significant share in that investment.
- Saudi Arabia has witnessed significant growth in electricity production in 2018, which is expected to grow in the forecast period. With 333 TWh in 2014 to 383 TWh in 2018, electricity production with new power plants and new grid network has increased the demand for smart grid and smart meters as well.
- With the increasing efforts to modernize the electricity grid and reduce transmission and distribution losses, Saudi Arabia is investing in advance metering infrastructure. This, in turn, is expected to drive the AMI market during the forecast period.
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Upcoming Projects and Renewable Energy Driving the Market
- In 2019, according to Saudi Electricity Company, electricity consumption rose to more than 128 TWh in the residential sector, whereas net use recorded a drop from 283 TWh in 2018 to 279 TWh in 2019. A surge in acceptance of smart electricity in the residential sector is further expected with this.
- By 2018, a total of 78 new transmission substations and 15 reinforced existing transmission substations with a transformation capacity of 45,351 MVA that were connected to the network via overhead lines and ground cables with a length of 4,474 km-circular.
- The 300 MW Sakaka Solar Power Plant Project was signed on February 14, 2018, with the project company Aqua Power Saudi Arabia, which is expected to be completed by the end of 2020 and is expected to drive the grid network significantly.
- Saudi Arabia is planning to deploy 40 GW of solar power capacity and 20 GW of wind and other sources by 2030. Such large-scale deployment is expected to drive the smart grid market in the forecast period.
- Therefore, the above mentioned projects coupled with ambitious renewable goals, Saudi Arabia is expected to witness considerable growth in the smart grid market.
Saudi Arabia Smart Grid Industry Overview
The Saudi Arabia smart grid network is partially consolidated. Some of the major companies include General Electric Company, ABB Ltd, CG Power and Industrial Solutions Ltd, Saudi Electricity Company, Honeywell International Inc, and others.
Saudi Arabia Smart Grid Market Leaders
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General Electric Company
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ABB Ltd
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Honeywell International Inc
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Saudi Electricity Company SJSC
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CG Power and Industrial Solutions Ltd
- *Disclaimer: Major Players sorted in no particular order
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Saudi Arabia Smart Grid Industry Segmentation
Saudi Arabia smart grid market report include:
Technology Application Area | Transmission |
Communication Technology | |
Advanced Metering Infrastructure (AMI) | |
Other Technology Application Areas |
Saudi Arabia Smart Grid Market Research FAQs
What is the current Saudi Arabia Smart Grid Network Market size?
The Saudi Arabia Smart Grid Network Market is projected to register a CAGR of greater than 3% during the forecast period (2025-2030)
Who are the key players in Saudi Arabia Smart Grid Network Market?
General Electric Company, ABB Ltd, Honeywell International Inc, Saudi Electricity Company SJSC and CG Power and Industrial Solutions Ltd are the major companies operating in the Saudi Arabia Smart Grid Network Market.
What years does this Saudi Arabia Smart Grid Network Market cover?
The report covers the Saudi Arabia Smart Grid Network Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Saudi Arabia Smart Grid Network Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Saudi Arabia Smart Grid Industry Report
Statistics for the 2025 Saudi Arabia Smart Grid Network market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Saudi Arabia Smart Grid Network analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.