UAE Smart Utility Meters Market Overview: 2023-2028

Base Year: 2022

Historical Years:    2018-21

Forecast Years: 2023-2028

The UAE Smart Utility Meters market is projected to grow at a CAGR of around 4.5% during the forecast period, i.e., 2023-28.

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UAE Smart Utility Meters Market Dynamics: 2023-2028

Market Dynamics

Significant Driver: The UAE's Rapid Infrastructure Development is Driving the Market

The rapid development of infrastructure in the UAE is a significant driver of the Smart Utility Meter market. To satisfy the rising demand for electricity & boost the effectiveness of its energy use, the UAE has made significant investments in the upgradation of its infrastructure, particularly its power grid. The implementation of intelligent metering utilities has become a crucial part of the smart grid infrastructure as these meters give customers real-time information on their energy usage, which helps lower their energy costs. Furthermore, the UAE's progress in developing smart infrastructure has fostered a suitable atmosphere for market growth. For instance:

• In 2022, the ongoing construction of Jubail Island, which would have six residential village estates totaling more than 400 hectares, 10,000 people are expected to live there in four years. 

Furthermore, the UAE has also started several energy efficiency programs to encourage sustainable consumption & minimize energy waste in addition to these projects. Therefore, the rapid development of infrastructure drives the market in the UAE in the following years.

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UAE Smart Utility Meters Market (2023-30): Segmentation Outlook

The market report has segmented the market into the following categories:

By Type

-Electric Meter

-Water Meter

-Gas Meter

Of them all, Electric Meter dominated the market in the historical years & is expected to follow the same trend during the forecast period,

By Technology

-Advanced Metering Infrastructure

-Automatic Meter Reading

By Communication

-Radio Frequency

-Power Line Communication

-Cellular Network

By End User

-Residential

-Commercial

-Industrial

-Government and Transportation

By Region

-Dubai

-Abu Dhabi & Al Ain

-Sharjah and Northern Emirates.

Of all the regions across the country, Abu Dhabi & Al Ain have been the leading regions in the UAE Smart Utility Meters market

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Top Companies Operating in the UAE Smart Utility Meters Market:

Landis+Gyr, Honeywell International, Inc., Elster, Siemens, Iskraemeco, Kamstrup, Itron, Schneider Electric, Aclara Technologies LLC, Sensus, Others.

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