×
Request Free Sample ×

Kindly complete the form below to receive a free sample of this Report

Leading companies partner with us for data-driven Insights

clients tt-cursor
Hero Background

GCC Smart Grid Networking Market

ID: MRFR/ICT/63060-HCR
200 Pages
Aarti Dhapte
October 2025

GCC Smart Grid Networking Market Research Report By Hardware (Cables, Controllers, Routers, Smart Meter, Switches)- Forecast to 2035

Share:
Download PDF ×

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

GCC Smart Grid Networking Market Infographic
Purchase Options

GCC Smart Grid Networking Market Summary

As per MRFR analysis, the GCC smart grid-networking market size was estimated at 280.0 USD Million in 2024. The GCC smart grid-networking market is projected to grow from 308.03 USD Million in 2025 to 800.0 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 10.01% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The GCC smart grid-networking market is poised for substantial growth driven by technological advancements and increasing energy demands.

  • Investment in infrastructure is witnessing a notable surge, indicating a robust commitment to modernizing grid systems.
  • The integration of renewable energy sources is becoming a pivotal trend, enhancing sustainability within the energy sector.
  • Adoption of advanced communication technologies is accelerating, facilitating improved grid management and operational efficiency.
  • Rising demand for energy efficiency and government initiatives are key drivers propelling market expansion.

Market Size & Forecast

2024 Market Size 280.0 (USD Million)
2035 Market Size 800.0 (USD Million)

Major Players

Siemens (DE), General Electric (US), Schneider Electric (FR), Itron (US), Honeywell (US), Cisco Systems (US), ABB (CH), Landis+Gyr (CH), Eaton (US)

GCC Smart Grid Networking Market Trends

The smart grid-networking market is currently experiencing a transformative phase, driven by the increasing demand for efficient energy management and the integration of renewable energy sources. In the GCC region, governments are actively investing in advanced technologies to modernize their energy infrastructure. This modernization aims to enhance grid reliability, reduce operational costs, and improve overall energy efficiency. The adoption of smart meters, advanced communication technologies, and data analytics is becoming more prevalent, indicating a shift towards a more interconnected and responsive energy system. Furthermore, the emphasis on sustainability and environmental responsibility is prompting stakeholders to explore innovative solutions that align with national energy strategies. In addition, the smart grid-networking market is likely to benefit from the growing trend of digitalization across various sectors. As industries increasingly rely on data-driven decision-making, the need for robust networking solutions becomes paramount. The integration of Internet of Things (IoT) devices within the energy sector is facilitating real-time monitoring and management of energy consumption. This trend not only enhances operational efficiency but also empowers consumers to make informed choices regarding their energy usage. Overall, the smart grid-networking market in the GCC is poised for significant growth, driven by technological advancements and a commitment to sustainable energy practices.

Increased Investment in Infrastructure

Governments in the GCC are prioritizing investments in smart grid technologies to enhance energy efficiency and reliability. This focus on infrastructure development is expected to lead to improved grid management and reduced energy losses.

Integration of Renewable Energy Sources

The push for renewable energy integration is reshaping the smart grid-networking market. As countries in the GCC aim to diversify their energy mix, smart grid solutions are essential for managing the variability of renewable sources.

Adoption of Advanced Communication Technologies

The implementation of advanced communication technologies is becoming crucial for the smart grid-networking market. These technologies facilitate real-time data exchange, enabling better monitoring and control of energy systems.

GCC Smart Grid Networking Market Drivers

Rising Demand for Energy Efficiency

The smart grid-networking market is experiencing a notable surge in demand for energy efficiency solutions across the GCC region. Governments and utilities are increasingly prioritizing the reduction of energy consumption and operational costs. This trend is driven by the need to meet ambitious sustainability targets and to enhance the reliability of energy supply. According to recent data, energy efficiency measures can lead to savings of up to 30% in energy consumption. As a result, investments in smart grid technologies that facilitate real-time monitoring and management of energy usage are becoming essential. The integration of advanced metering infrastructure and demand response systems is likely to play a pivotal role in achieving these efficiency goals, thereby propelling the growth of the smart grid-networking market in the GCC.

Growing Consumer Awareness and Engagement

Consumer awareness and engagement are playing a crucial role in shaping the smart grid-networking market in the GCC. As individuals become more informed about energy consumption and sustainability, there is a growing demand for technologies that empower consumers to manage their energy use effectively. Smart meters and home energy management systems are increasingly being adopted, allowing consumers to monitor their energy consumption in real-time. This trend is likely to drive the growth of the smart grid-networking market, as utilities seek to enhance customer engagement and satisfaction. Furthermore, educational campaigns and initiatives aimed at promoting energy conservation are expected to further stimulate interest in smart grid solutions.

Government Initiatives and Regulatory Support

Government initiatives and regulatory frameworks are significantly influencing the smart grid-networking market in the GCC. Various national policies are being implemented to promote the adoption of smart grid technologies, which are seen as vital for enhancing energy security and sustainability. For instance, the GCC countries have set ambitious targets for renewable energy integration, which necessitates the deployment of smart grid solutions. Regulatory bodies are also providing incentives for investments in smart grid infrastructure, which could potentially reach billions of dollars in the coming years. This supportive environment is likely to encourage both public and private sector participation in the smart grid-networking market, fostering innovation and technological advancements.

Technological Advancements in Grid Management

Technological advancements are reshaping the smart grid-networking market, particularly in the GCC region. Innovations in grid management technologies, such as artificial intelligence and machine learning, are enhancing the capabilities of smart grids. These technologies enable predictive maintenance, real-time data analytics, and improved grid resilience. The market is projected to grow as utilities adopt these advanced solutions to optimize grid operations and reduce downtime. Furthermore, the increasing deployment of Internet of Things (IoT) devices is facilitating better communication and data exchange within the grid. This trend indicates a shift towards more intelligent and automated grid systems, which is likely to drive the expansion of the smart grid-networking market.

Integration of Electric Vehicles and Charging Infrastructure

The integration of electric vehicles (EVs) and their associated charging infrastructure is emerging as a key driver for the smart grid-networking market in the GCC. As the region aims to diversify its energy sources and reduce carbon emissions, the adoption of EVs is gaining momentum. This shift necessitates the development of smart charging solutions that can manage the increased demand on the grid. The smart grid-networking market is expected to benefit from investments in EV charging stations, which are projected to reach several billion dollars by 2030. Additionally, the ability to integrate EVs into the grid as mobile energy storage units presents a unique opportunity for enhancing grid stability and efficiency.

Market Segment Insights

By Hardware: Cables (Largest) vs. Smart Meters (Fastest-Growing)

In the GCC smart grid-networking market, the hardware segment reveals a competitive landscape with Cables holding the largest market share, attributed to their fundamental role in infrastructure. Other components like Routers and Controllers also contribute significantly, but in terms of market presence, Cables dominate the scene. Meanwhile, Smart Meters are rapidly gaining traction, reflecting the trend towards more intelligent energy distribution mechanisms. The growth of the hardware segment is primarily driven by the increasing demand for reliable and efficient energy systems. As governments in the region push for modernization of their energy infrastructure and the adoption of renewable resources, components like Smart Meters are emerging as key players. This growth signifies a shift towards smart solutions in energy management, fostering innovation and investment across the sector.

Cables (Dominant) vs. Smart Meters (Emerging)

Cables play a crucial role in the GCC smart grid-networking market, serving as the backbone of the entire infrastructure. Their robustness, capacity for high data transmission, and reliability make them indispensable for effective power delivery and communication systems. In contrast, Smart Meters represent an emerging technology that is transforming how energy consumption is monitored and managed. These devices not only enhance operational efficiency but also empower consumers with real-time data. As the region invests heavily in digitalization and smart technology, the adoption of Smart Meters is expected to accelerate significantly, positioning them as a formidable counterpart to traditional Cables as the market evolves.

By Software: Network Performance Monitoring (Largest) vs. Network Security Management (Fastest-Growing)

The GCC smart grid-networking market shows a dynamic distribution of software segment values with Network Performance Monitoring leading significantly in market share. This dominance is attributed to the increasing demand for real-time monitoring solutions that ensure optimal grid performance, thus improving overall efficiency and reliability. Other segments like Network Security Management are also witnessing notable traction due to rising cybersecurity concerns in smart grid operations, influencing their respective market shares. Growth trends indicate a robust interest in automation and advanced analytics, propelling the adoption of software solutions across the board. Network Security Management stands out as the fastest-growing segment, driven by escalating security threats and regulatory compliance mandates. With smart grids becoming more interconnected, the need for comprehensive security management solutions is becoming critical, resulting in accelerated investments and innovation in this area.

Network Performance Monitoring (Dominant) vs. Network Configuration Management (Emerging)

Network Performance Monitoring is positioned as the dominant force in the software segment of the GCC smart grid-networking market. Its capability to deliver end-to-end visibility and performance analytics makes it indispensable for grid operators aiming to enhance operational efficiency. In contrast, Network Configuration Management is emerging as a key player, offering innovative tools to automate and streamline network configurations. As networks evolve, the need for agile configuration processes becomes vital. The rise of IoT and smart technologies necessitates robust management solutions that can adapt to dynamic conditions, making configuration management crucial for future-proofing grid infrastructure.

By Services: Network Maintenance & Support (Largest) vs. Consulting (Fastest-Growing)

The services segment within the GCC smart grid-networking market showcases a diverse range of offerings, with Network Maintenance & Support dominating the landscape. This segment holds a significant share, reflecting the critical importance of ongoing support in ensuring the reliability and efficiency of smart grid operations. Furthermore, Consulting services are emerging rapidly, capturing attention due to increasing investments in smart grid technologies aimed at enhancing operational efficiencies. Growth in this segment is being driven by the rising need for energy efficiency and the integration of renewable energy sources into existing infrastructures. As stakeholders seek tailored solutions to navigate the complexities of modern energy demands, the demand for Consulting services continues to surge. Additionally, advancements in cybersecurity are propelling the need for Network Risk & Security Assessment services, further boosting growth across all service categories.

Network Maintenance & Support (Dominant) vs. Consulting (Emerging)

Network Maintenance & Support represents the dominant service in the GCC smart grid-networking market, characterized by its pivotal role in sustaining effective grid operations and minimizing downtime. This service encompasses regular updates, troubleshooting, and overall system integrity checks to ensure smooth functionality. In contrast, Consulting has emerged as a key service, driven by the desire for specialized knowledge in navigating the technological landscape. This service provides strategic insights, helping organizations align their energy strategies with evolving regulations and digital transformation trends. Both segments are crucial, with Maintenance & Support ensuring day-to-day reliability while Consulting facilitates long-term strategic growth.

Get more detailed insights about GCC Smart Grid Networking Market

Key Players and Competitive Insights

The smart grid-networking market is currently characterized by a dynamic competitive landscape, driven by the increasing demand for energy efficiency and sustainability. Key players such as Siemens (DE), General Electric (US), and Schneider Electric (FR) are at the forefront, each adopting distinct strategies to enhance their market positioning. Siemens (DE) focuses on innovation through its digital grid solutions, aiming to integrate advanced technologies into existing infrastructures. General Electric (US) emphasizes regional expansion, particularly in emerging markets, to capitalize on the growing need for smart energy solutions. Schneider Electric (FR) is heavily invested in partnerships, collaborating with local utilities to tailor solutions that meet specific regional needs. Collectively, these strategies contribute to a competitive environment that is increasingly oriented towards technological advancement and customer-centric solutions.

In terms of business tactics, companies are localizing manufacturing and optimizing supply chains to enhance operational efficiency. The market structure appears moderately fragmented, with several key players exerting influence while also facing competition from smaller, innovative firms. This fragmentation allows for a diverse range of solutions, catering to various customer needs and preferences, thereby fostering a competitive yet collaborative atmosphere among major players.

In October 2025, Siemens (DE) announced a strategic partnership with a leading telecommunications provider to enhance its smart grid connectivity solutions. This collaboration aims to leverage advanced communication technologies, thereby improving data transmission and operational efficiency within smart grids. The strategic importance of this move lies in Siemens' commitment to integrating IoT capabilities into its offerings, which is likely to enhance its competitive edge in the market.

In September 2025, General Electric (US) launched a new suite of software solutions designed to optimize energy management for utilities. This initiative reflects GE's focus on digital transformation, enabling utilities to harness data analytics for improved decision-making. The significance of this launch is underscored by the growing trend towards data-driven operations, positioning GE as a leader in providing innovative solutions that address contemporary energy challenges.

In August 2025, Schneider Electric (FR) expanded its operations in the GCC region by establishing a new innovation hub aimed at developing smart grid technologies. This strategic move not only reinforces Schneider's commitment to regional growth but also highlights the increasing importance of localized innovation in meeting specific market demands. The establishment of this hub is likely to enhance Schneider's ability to deliver tailored solutions, thereby strengthening its competitive position.

As of November 2025, current trends in the smart grid-networking market include a pronounced focus on digitalization, sustainability, and the integration of AI technologies. Strategic alliances are increasingly shaping the competitive landscape, as companies recognize the value of collaboration in driving innovation. Looking ahead, it appears that competitive differentiation will evolve from traditional price-based competition to a focus on technological innovation, reliability in supply chains, and the ability to deliver customized solutions. This shift suggests that companies that prioritize innovation and strategic partnerships will likely emerge as leaders in the market.

Key Companies in the GCC Smart Grid Networking Market market include

Industry Developments

The GCC Smart Grid Networking Market has seen significant advancements recently, with various initiatives aimed at enhancing energy efficiency and sustainability. Notably, Siemens has been expanding its footprint in the region by providing advanced smart grid solutions, while Oracle continues to strengthen its software offerings for utility management. In terms of market valuation, ABB and General Electric have reported growth due to increased demand for digital transformation in energy networks. 

Current affairs also highlight that in August 2023, Eaton announced a collaboration with Dubai Electricity and Water Authority to enhance smart grid technologies. Furthermore, the region has witnessed substantial investments in smart grid infrastructure, particularly in Saudi Arabia and the UAE, aligning with their long-term goals for sustainable development. 

Over the past two years, companies like Schneider Electric and Honeywell have ramped up their efforts to support the GCC's ambition for smart city initiatives, incorporating cutting-edge technologies into their frameworks. There have been no reported mergers or acquisitions involving the identified companies affecting the Smart Grid Networking Market in the GCC recently, emphasizing organic growth and strategic partnerships instead.

 

Future Outlook

GCC Smart Grid Networking Market Future Outlook

The smart grid-networking market is projected to grow at a 10.01% CAGR from 2024 to 2035, driven by technological advancements, regulatory support, and increasing energy demands.

New opportunities lie in:

  • Development of advanced metering infrastructure solutions
  • Integration of AI-driven analytics for grid optimization
  • Expansion of cybersecurity services for smart grid protection

By 2035, the market is expected to achieve substantial growth, driven by innovation and strategic investments.

Market Segmentation

GCC Smart Grid Networking Market Hardware Outlook

  • Cables
  • Controllers
  • Routers
  • Smart Meters
  • Switches
  • Others

GCC Smart Grid Networking Market Services Outlook

  • Consulting
  • Network Planning
  • Design & Integration
  • Network Risk & Security Assessment
  • Network Maintenance & Support
  • Others

GCC Smart Grid Networking Market Software Outlook

  • Network Performance Monitoring
  • IP Address Management
  • Network Traffic Management
  • Network Device Management
  • Network Configuration Management
  • Network Security Management
  • Others

Report Scope

MARKET SIZE 2024 280.0(USD Million)
MARKET SIZE 2025 308.03(USD Million)
MARKET SIZE 2035 800.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 10.01% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled ["Siemens (DE)", "General Electric (US)", "Schneider Electric (FR)", "Itron (US)", "Honeywell (US)", "Cisco Systems (US)", "ABB (CH)", "Landis+Gyr (CH)", "Eaton (US)"]
Segments Covered Hardware, Software, Services
Key Market Opportunities Integration of renewable energy sources enhances efficiency in the smart grid-networking market.
Key Market Dynamics Rising investments in smart grid technologies driven by regulatory support and increasing energy efficiency demands in the GCC.
Countries Covered GCC

Leave a Comment

FAQs

What is the expected market size of the GCC Smart Grid Networking Market in 2024?

The GCC Smart Grid Networking Market is expected to be valued at 344.0 million USD in 2024.

What is the anticipated market size of the GCC Smart Grid Networking Market by 2035?

By 2035, the GCC Smart Grid Networking Market is projected to reach a valuation of 1034.0 million USD.

What is the expected CAGR for the GCC Smart Grid Networking Market during the forecast period from 2025 to 2035?

The expected CAGR for the GCC Smart Grid Networking Market from 2025 to 2035 is 10.523%.

Which hardware segment is projected to have the highest value by 2035 in the GCC Smart Grid Networking Market?

The Smart Meter segment is projected to reach 260.0 million USD by 2035, making it one of the highest valued segments.

Which key players are dominating the GCC Smart Grid Networking Market?

Major players in the market include Oracle, Siemens, Eaton, General Electric, and NEC Corporation.

What is the projected market value for Cables in the GCC Smart Grid Networking Market by 2035?

The market value for Cables is expected to rise to 180.0 million USD by 2035.

What challenges might affect the growth of the GCC Smart Grid Networking Market?

Challenges include the need for significant investments in infrastructure and regulatory compliance.

How has regional demand influenced the GCC Smart Grid Networking Market?

Regional demand has driven innovations and investments, particularly in urban areas adapting smart grid technologies.

What is the projected value for Smart Meter in the year 2024?

The Smart Meter segment is valued at 90.0 million USD in 2024.

What growth drivers are influencing the GCC Smart Grid Networking Market?

Growth drivers include advancements in technology, increasing energy efficiency requirements, and government initiatives.

Download Free Sample

Kindly complete the form below to receive a free sample of this Report

Compare Licence

×
Features License Type
Single User Multiuser License Enterprise User
Price $4,950 $5,950 $7,250
Maximum User Access Limit 1 User Upto 10 Users Unrestricted Access Throughout the Organization
Free Customization
Direct Access to Analyst
Deliverable Format
Platform Access
Discount on Next Purchase 10% 15% 15%
Printable Versions