GCC Smart Grid Market – Opportunities & Forecast, 2020-2027 Gurgaon
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The primary factor driving the growth of the GCC smart grid market includes rising environmental concerns associated with carbon emission. The government prefers the use of renewable energy as the source of power generation to reduce carbon emission and to develop productive energy infrastructure. These factors support the growing demand for smart grids. Rapid industrialization and the rising population rate are some other factors that are increasing the energy demand in the GCC region. The smart grid technology helps to control and monitor the power flow, which identifies any theft of electricity, hence raising the revenue collection through power usage. These factors have changed the focus of the government to invest in energy infrastructure, thereby fuelling the growth of the smart grid market.
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20/11/2020 12:13 pm
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