Among them, Electric meters dominated the UAE Smart Utility Meters market in the historical years & are presumed to dominate in the forecast period as well, due to their precise measurement & monitoring of energy consumption. Despite facing daily obstacles, the UAE remains resolutely optimistic about the future, eagerly embracing pioneering & innovative ideas, further states the research report, “The UAE Smart Utility Meters Market Analysis, 2023.”Įlectric Meter Set to Dominate the Market Due to Precise Energy Measurement & Detection of Wastageīased on the type, the market is bifurcated into Electric meters, Water meters, and Gas meters. Hence, the implementation of such measures would have wide-ranging positive effects, benefiting all individuals through significant reductions in harmful carbon emissions.Īdditionally, the country is steadfast in its commitment to nurturing & cultivating a sustainable economy, continuously exploring novel ways to enhance societal well-being. This ambitious plan involves introducing smart & intuitive measures for households & businesses, allowing for greater energy efficiency & cost savings for the population. The UAE is deeply committed to sustainable practices, as evidenced by its concerted efforts to decrease carbon emissions by leveraging renewable energy sources & revamping its power grid infrastructure. The nation has already made substantial investments in digitized power infrastructure, which has resulted in noteworthy advancements throughout various sectors, encompassing both current & forthcoming residential buildings. The government of the UAE is focusing on promoting energy efficiency & investing in smart grid enterprises. The market growth is attributed to various factors, including the need for energy efficiency & concerns about high electricity bills. The UAE Smart Utility Meters market is projected to grow at a CAGR of around 4.5% during the forecast period of 2023-28, cites MarkNtel Advisors in the recent research report. The UAE Smart Utility Meters Market Driven by Sustainability & Energy Efficiency Efforts
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