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Middle East & North Africa Smart Grid: Market Forecast (2015-2025)LONDON, Sept. 29, 2016 /PRNewswire/ -- A study of the smart grid infrastructure market across the Middle East and North Africa region covering the period 2015-2025 (215 pages + dataset + PowerPoint). Support for current governments is built in part on populist policies such as free or nearly free electricity. Some of the benefits of smart meters can only be realized with market or near-market prices for electricity, which governments may be unwilling to implement. Current low oil prices are putting pressure on government budgets throughout the region and may lead some to limit infrastructure spending. The past couple of years have seen strong evidence for a healthy future of smart grid in the MENA region. Political risk remains a challenge–and has stalled some projects–but remains low in the high-spending Gulf countries. More utilities are announcing large-scale plans, grid interconnections have continued, some electricity price subsidies have been reduced, and solar power plans have grown more ambitious. All of these trends show that MENA governments understand that smart grid infrastructure investment is critical to future growth plans. In particular, MENA countries continue to move forward with "smart city" concepts and are looking to highlight the modernization of their economies. As these projects proliferate, the MENA smart grid market will see steady growth in the near-to-medium term, setting the stage for a $17.8 billion cumulative market between 2015-2025. Key questions answered in this study: - Where are the newest smart grid announcements and deployments in MENA? - How large will the smart grid market be in 10 countries across 15 sub-segments? - Which countries are poised to take the next steps for smart grid regulatory development? - How will the region's ambitious solar plans affect smart grid development? - Which local vendors are active and who are the leading international vendors? Download the full report: https://www.reportbuyer.com/product/3866774/ About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers http://www.reportbuyer.com For more information: To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/middle-east--north-africa-smart-grid-market-forecast-2015-2025-300336843.html SOURCE ReportBuyer |