According to UnivDatos, the government push under Vision 2030 for digital utilities, large-scale deployment by Saudi Electricity Company, rising demand for real-time energy monitoring, integration of renewables requiring advanced metering, reduction of non-technical losses, increasing IoT and AI adoption for grid management, expansion of local manufacturing in line with localization goals, will drive the Saudi Arabia Smart Meters market. As per their “Saudi Arabia Smart Meters Market” report, the market was valued at USD 2,185.42 Million in 2024, growing at a CAGR of about 11.14% during the forecast period from 2025 to 2033 to reach USD Million by 2033.

Saudi Arabia presents an intriguing blend of international technology giants and local producers, with a strong presence in the smart meter market, bolstered by government-driven initiatives. The industry has developed at a tremendous pace after the national implementation of millions of meters by the Saudi Electricity Company, bringing about the demand for advanced solutions and localized manufacturing. The competition focuses on innovation, digital integration, and alignment with the Kingdom of Saudi Arabia's goals, as outlined in Vision 2030. This makes the market an active field where established players and new entrants compete to consolidate their positions.

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1.      alfanar Group

alfanar Group manufactures electrical construction products. The company offers electrical switches and sockets, lighting, distribution boards, metal boxes and enclosures, circuit breakers, cables and wires, low voltage systems and solutions, medium voltage systems and solutions, transformers and package substation, and distribution and substations automation products. It also provides engineering procurement construction (EPC) and engineering services for power, water, petrochemical, industrial, and infrastructure sectors. It also provides engineering services, repair and rewind services, testing and commissioning, operation and maintenance, calibration services, technical training, and steel structure fabrication services. The company was founded in 1976 and is based in Riyadh, Saudi Arabia, with additional facilities in Riyadh and Jubail, Saudi Arabia; Dubai, United Arab Emirates; Madrid, Spain; and Gurugram, India.

2.      Energy Care Company (Energy Care Holding Group)

Energy Care Company (ECC) is a subsidiary of Energy Care Holding Group. Established in 2012 in Jeddah, KSA, ECC provides energy efficiency solutions and products for hospitality, residential, and industrial clients. ECC’s products and services include the design, supply, commissioning, and field support for smart metering, energy efficiency, and advanced metering infrastructure for utility, residential, commercial, and industrial customers in the MENA (Middle East & North Africa) Region. 

ECC’s manufacturing facility is located in Jeddah, KSA, with sales and support offices in Jeddah and Riyadh. Energycare works closely with its stakeholders and partners to develop and manufacture Smart Meters, communication modems, and AMI systems in the kingdom.

3.      Saudi Meters Company

Saudi Meters Company (SMC) is the first producer of water meters in the Gulf Region. Founded in 1981 as the first smart water application manufacturer in the Gulf region, producing mechanical smart water application types (Dry Multi-jet, Semi Dry Multi-jet, Wet Multi-jet), and serving KSA and GCC markets. The company has recently expanded its product portfolio and production facility even further, offering its extensive experience in the field of smart solutions manufacturing. In 2017, signed an industrial agreement with Diehl Metering to manufacture smart water applications, with a production capacity of 500,000 smart water solutions per year.

In 2019, the company signed an industrial agreement with Kaifa Metering Technology to manufacture smart electricity applications, with a production capacity of 1.5 million smart electricity applications per year.

4.      SAMI Advanced Electronics

SAMI-AEC, a Saudi Arabian Military Industries (SAMI) company, has emerged as a national leader in the field of modern electronics, manufacturing capabilities, and repair and maintenance services. With a 100% completion rate of projects, our specialization spans across defense, energy, ICT, and security services.

Starting out as a renowned firm in the electronics industry, SAMI-AEC has evolved as a core ally of the Government of Saudi Arabia in localizing military manufacturing, deploying smart technologies, and accelerating industrial and commercial growth.

The company has channeled all our capacities towards meeting the benchmarks rolled out under Saudi Arabia’s Vision 2030 Program.

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5.      Schneider Electric

Schneider Electric S.E. engages in the energy management and industrial automation businesses worldwide. The company offers inverters, mounting frames, solar panels, other solar equipment, wind farm microgrid, and others; building management systems; power metering systems for buildings; smart monitoring and regulation of electricity or heat in buildings, such as thermostats and controls for lighting systems; cooling systems; insulating products; UPS; transmission and distribution wiring devices for wiring electrical circuits; low voltage electrical products, equipment, and systems; medium voltage switchgears and control gears; demand response and load shifting equipment, systems, and services; communication, software and control equipment, products, systems, and services for energy; and variable speed drives.

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