GCC: Electricity Supply Meter Market 2025

Electricity Supply Meter Market Size in GCC

The GCC electricity supply meter market contracted to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, saw a prominent increase. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Electricity Supply Meter Production in GCC

In value terms, electricity supply meter production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, posted a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Electricity Supply Meter Exports

Exports in GCC

In 2022, after three years of decline, there was significant growth in shipments abroad of electricity supply or production meters, when their volume increased by X% to X units. Overall, exports recorded prominent growth. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, electricity supply meter exports skyrocketed to $X in 2022. In general, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates represented the key exporting country with an export of around X units, which accounted for X% of total exports. It was distantly followed by Saudi Arabia (X units), committing a X% share of total exports. Oman (X units) held a little share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the electricity supply or production meters exports, with a CAGR of X% from 2012 to 2022. At the same time, Saudi Arabia (X%) displayed positive paces of growth. By contrast, Oman (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia and Oman saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) remains the largest electricity supply meter supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports.

In the United Arab Emirates, electricity supply meter exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, dropping by X% against the previous year. Overall, the export price continues to indicate a mild descent. The growth pace was the most rapid in 2015 an increase of X%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced mixed trends in the export price figures.

Electricity Supply Meter Imports

Imports in GCC

In 2022, after four years of growth, there was significant decline in overseas purchases of electricity supply or production meters, when their volume decreased by X% to X units. Overall, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2021, and then shrank in the following year.

In value terms, electricity supply meter imports dropped remarkably to $X in 2022. Over the period under review, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the key importer of electricity supply or production meters in GCC, with the volume of imports accounting for X units, which was near X% of total imports in 2022. Oman (X units) ranks second in terms of the total imports with a X% share, followed by Bahrain (X%) and Qatar (X%).

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Bahrain (X%), Qatar (X%) and Oman (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. While the share of Bahrain (X p.p.) and Qatar (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Oman (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported electricity supply or production meters in GCC, comprising X% of total imports. The second position in the ranking was taken by Bahrain ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

In the United Arab Emirates, electricity supply meter imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bahrain (X% per year) and Oman (X% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Bahrain ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform