PUBLISHER: Grand View Research | PRODUCT CODE: 1588697
PUBLISHER: Grand View Research | PRODUCT CODE: 1588697
The Middle East distribution meter market size was valued at USD 4.96 billion in 2024 and is projected to grow at a CAGR of 4.5% from 2025 to 2030. One of the key growth drivers for this market is higher energy demand in the region. Increasing adoption of technology-driven devices and systems by businesses, unceasing growth in per capita electricity consumption, and continuously growing demand for uninterrupted power supply in economies such as Saudi Arabia, UAE, and others are fueling the growth of this market.
Owing to increased electricity demand and the imminent introduction of regulatory frameworks mandating smart meters' installation. The energy-rich Gulf Cooperation Council (GCC) countries invest in infrastructure development to boost the oil & gas industries, thereby increasing their industrial base.
Government initiatives and electricity utility companies are expected to increase the installation of smart meters, thereby increasing market demand over the forecast period. The key objective of installation includes reducing transmission and distribution losses. Smart meters provide two-way communication between suppliers and consumers, clarifying supply and demand requirements in a particular region.
The surge in activities such as upgrading meters, generating capabilities, and transmission systems is expected to favorably impact the Middle East distribution meter market growth over the next few years. Furthermore, rising demand for advanced metering and smart grid infrastructure is anticipated to bolster the demand over the forecast period.
Middle East Distribution Meter Market Report Segmentation
This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the Middle East distribution meter market report based on product, and region.