TechSci Research: UAE Boosts GCC’s Smart Grid Market to USD 1.7 Billion by 2026
DUBAI, United Arab Emirates – Schneider Electric, the leader in digital transformation of energy management and automation, in partnership with the Ministry of Infrastructure Development, the Dubai Electricity and Water Authority, and the Sharjah Electricity and Water Authority, saw strong success in enabling smart utilities during UAE Innovation Month.
With UAE utilities providers supporting Smart Cities and smart grids, the Gulf Cooperation Council’s smart grid market is set to triple to USD 1.7 billion by 2026, according to a recent report by TechSci Research.
Aligned with government-led agendas, UAE utilities providers are investing in Internet of Things innovations. Smart meters, remote terminal units, and advanced distribution management systems for smart grids can optimise costs, transform the customer and citizen experience, and protect critical national infrastructure.
“As the UAE urbanises, digitises, and industrialises, the country’s utilities providers are global leaders in supporting smart cities and smart grids to meet rising energy demand, drive energy efficiency, and new levels of connectivity to enhance the customer experience,” said Hanan Darwish, Cluster President – Gulf and Pakistan, Schneider Electric.
As Schneider Electric’s Innovation Hub on Wheels toured Abu Dhabi, Dubai, and Sharjah, visitors experienced 17 Internet of Things use cases on Schneider Electric’s EcoStruxure architecture and platform. Use cases covered the segments of building, transportation, water and waste water, oil and gas, utilities, and data centre.
“During UAE Innovation Month, we showed how we are working closely with the UAE’s utilities ecosystem to leverage the Internet of Things to drive innovation, cybersecurity, and renewable energy. The UAE is fast-becoming one of the world’s smartest, most innovative, and sustainable countries,” added Hanan Darwish.
© Press Release 2018