The Middle East and North Africa (MENA) region, is witnessing accelerated growth in the deployment of smart grids.
And the potential for development of smart grids in the region is high in the near- to medium-term.
Gulf states — particularly those with high income, high power consumption and small populations — are driving development of smart grids.
In other parts of the region, distribution losses and poor energy efficiency are driving demand for smart grid deployment.
Another factor boosting demand is the development of solar power projects in the region.
In sum, MENA region has risen as a smart grid technology leader among emerging markets.
The deployment of smart grid in MENA is largely state-driven as governments control electrification.
And governments of the region — although still cautious about deploying smart grid technology — understand that it is critical to future growth plans.
They are adopting smart grids in keeping with “smart city” concepts. The ongoing proliferation of smart grids is expected to expand the market for the technology to $10 billion by 2024.
Against this backdrop, the International Smart Grid Congress Middle East Focus 2016 being organised next February by Tancway Group, a company that organizes top-level conferences globally, is expected to bring to light effective ways to develop smart grids.
According to a statement, the event is designed to “update industry information and to network with C-level executives in Abu Dhabi, United Arab Emirates on 15-16 February, 2016”.