According to UnivDatos, 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, and expansion of local manufacturing in line with localization goals, 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 - 2033 to reach USD Million by 2033.

In Saudi Arabia, the country's energy sector is also undergoing transformation, driven by high rates of digital migration, where smart meters are becoming the center of focus. It is Vision 2030 that is transforming the Kingdom's electricity infrastructure to provide a more efficient, sustainable, and reliable electricity supply. The current trend in this modernization portrays smart meters, which can be used to monitor, collect information, and interact between users and utilities in real-time. They enhance the accuracy of billing, in addition to accommodating the grid's resilience and facilitating the integration of renewable energy. Moreover, Saudi Arabia has the potential to become the largest smart-meter market after the Saudi Electricity Company (SEC) initiated large-scale projects, with the assistance of global and regional manufacturing giants.

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Convergent Technologies Adoption

In Saudi Arabia, the application of smart meters is no longer limited to automated meter reading (AMR). The market continues to transition to Advanced Metering Infrastructure (AMI), which enables a two-way flow of information, dynamic pricing, and advanced demand response programs. Furthermore, equipping it with IoT platforms, cloud-based analytics, and artificial intelligence enhances the possibility for utilities to predict demand, mitigate energy theft, and optimize grid operations.

Artificial Intelligence (AI) is rapidly transforming economies and societies around the world. By 2025, global revenues from AI are projected to reach USD 90 billion, with an average annual growth rate of 45%. Looking ahead, AI is expected to contribute an additional 14% to global GDP by 2030, an economic impact estimated at USD 15.7 trillion, as per the Digital Government Authority (DGA), a government entity of the Kingdom of Saudi Arabia (KSA).

Adding to this, the Kingdom has placed a focus on renewable integration, especially on solar and wind, and AMI will be essential to balancing the intermittent energy flows. Advanced metering systems, including smart water and gas meters, are also gaining traction in large urban projects, such as NEOM and the Red Sea Development, as well as an increased adoption of advanced metering technologies across various utilities.

Growing Strategic Alliances and Partnerships

A key characteristic of Saudi Arabia in the area of smart meter rollout is collaboration. The SEC has collaborated with international technology giants, as well as local factory operators, to ensure a smooth rollout and address localization requirements simultaneously. Importantly, the Kingdom has been installing several local smart meters, accounting for about one-third of all unit installations, which encourages local industries in the Kingdom. The joint venture with foreign companies facilitates the high-tech, whereas locally based companies facilitate deployment, maintenance, and customer services. Such a mixture is an amplifier of supply chains and national capabilities in smart grid technologies. Furthermore, the strategic partnerships formed with telecom operators to provide connectivity solutions and software companies to provide analytics solutions offer insight into the ecosystem-wide association with this market.

On July 24, 2025, Wipro announced a multi-year strategic contract from Saudi Electric Company – National Grid SA. Wipro will implement a Smart Meter Data Management (MDM) system for the transmission network to modernize the client’s meter data platform, enhance operational efficiencies, and better manage risks.

Smart Meter installation in Saudi Arabia / Smart Meter Project

The smart meter project of Saudi Arabia is one of the biggest projects in the region. As per the Ministry of Energy, on December 16, 2024, in striving to achieve the goals of the Kingdom's Vision 2030, the energy system has worked to achieve a broad digital transformation in the sector, as more than 11 million smart meters have been installed in the Kingdom since 2021. Also, the Ministry of Energy is working to automate 40% of distribution grids by the end of 2025 and has so far achieved 32% of this goal. Adding to this, they are also developing nine advanced control centers, which are expected to be operational by 2026. These centers are equipped with cutting-edge technologies that enable real-time monitoring of grid systems. The configuration of each meter is designed to provide real-time information, allow for remote disconnection and connection, and support prepaid services where necessary. The massive rollout is not an ordinary technological update, but also one that lays the groundwork for intelligent energy use patterns throughout the Kingdom. In digitizing the grid, Saudi Arabia is building the infrastructure that would support electric vehicles, decentralized renewable development, and the features of smart cities.

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Saudi Arabia Powers Ahead with Smart Meters to Realize Vision 2030

With the smart meter market in Saudi Arabia transitioning from energy modernization to sustainability, numerous opportunities are being presented. The Kingdom has a solid foundation of government support, a high rate of implementing new technologies, and a high level of partnering activity, setting the pace for the development of a sophisticated, reliable, and efficient power system. The current smart meter installations are not just a simple utility business, but a strategic move towards realizing the Vision 2030 objectives of diversification, efficiency, and energy security. Therefore, Saudi Arabia is currently expanding its smart meter system and leading the transformation in the region by digitalizing the energy sector.

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