The Saudi Arabia Power Generation Market is segmented by Power Generation (Thermal and Renewables) and Power Transmission and Distribution (T&D). The report offers the market size and forecasts in installed capacity (gigawatts) for all the above segments except power transmission and distribution.

The size of the Saudi Arabia Power Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 5.80% during the forecast period. Saudi Arabia's power market is one of the largest and most rapidly evolving in the Middle East, driven by the country’s ambitious plans to diversify its energy sources and reduce its reliance on oil. The power sector in Saudi Arabia is dominated by state-owned entities, with the Saudi Electricity Company (SEC) being the key player. Traditionally reliant on oil and natural gas for electricity generation, the country is making a concerted push towards renewable energy, with goals to generate 50% of its power from renewable sources by 2030, as part of its Vision 2030 initiative. Solar and wind energy are central to this strategy, with numerous large-scale projects in development. The government has also been working to modernize the power grid and improve energy efficiency across the sector. To attract private investment, Saudi Arabia is increasingly liberalizing its electricity market, introducing independent power producers (IPPs) and offering competitive bidding for new projects. These changes are aimed at increasing competition, driving innovation, and lowering electricity costs. Recent developments include: November 2022: ACWA Power signed an agreement with Water and Electricity Holding Company (Badeel) to build the world's largest single-site solar-power plant in Al Shuaibah, Mecca province. The plant was projected to have a generation capacity of 2,060 MW and commissioned in 2025., December 2022: The development of 10 new renewable energy projects was announced by Saudi Arabia. According to reports, the new renewable energy projects aimed to increase the power produced by solar and wind sources while lowering the usage of fossil fuels, particularly oil, to produce electricity. The announced renewable energy projects would have a combined power generation capacity of 7 GW. The Kingdom of Saudi Arabia's General Authority of Statistics reports that the nation intends to produce a staggering 15.1 TWh of renewable energy by 2024.. Key drivers for this market are: Increasing Diversification of Energy Sources from Oil and Gas to Cleaner Energy Sources4., Supportive Government Policies for Increasing Renewable Power Capacity. Potential restraints include: The Unstable Geopolitics of the Country. Notable trends are: Thermal Power Source to Dominate the Market.

The Saudi Arabia Data Center Power Market report segments the industry into Power Infrastructure (Electrical Solution, Service) and End User (IT and Telecommunication, BFSI, Government, Media and Entertainment, Other End Users). Get five years of historical data alongside five-year market forecasts.

The Saudi Arabia renewable energy market size was valued at 2.09 Gigawatt in 2024. Looking forward, IMARC Group estimates the market to reach 40.42 Gigawatt by 2033, exhibiting a CAGR of 35.07% from 2025-2033. The region’s favorable geography including abundant sunlight and strong winds, supports large-scale solar and wind projects. Besides this, Saudi Arabia renewable energy market share is driven by increasing engagement of private sector through investments and technological innovations. Government initiatives, such as Vision 2030, provide regulatory support and financing for renewable energy development.

IMARC Group provides an analysis of the key trends in each segment of the Saudi Arabia renewable energy market, along with forecasts at the country and regional levels from 2025-2033. The market has been categorized based on type.

Saudi Arabia Solar Energy Solutions Market has valued at USD 2.5 Billion in 2024 and is expected to reach at USD 7.72 Billion in 2030 and to project robust growth in the forecast period with a CAGR of 20.5% through 2030.

In 2021, the total revenue of the electricity transmission and distribution market in Saudi Arabia amounted to almost five billion U.S. dollars. The revenue was forecast to increase over the next decade to reach about 6.7 billion U.S. dollars by 2030.

Saudi Arabia's Renewable Energy Market is categorized into three primary segments: solar energy, wind energy, and other renewable energy sources. Solar Energy: The dominant segment, driven by abundant sunshine and government incentives. Wind Energy: Rapidly growing segment with vast wind resources, particularly in the north and west. Other Renewable Energy Sources: This segment includes emerging technologies such as biomass, geothermal, and hydrogen, with potential for future growth. Recent developments include: February 2022:GADING Kencana Sdn Bhd, one of the largest solar farm operators in Malaysia, signed a MoU with March Global LLC of Saudi Arabia to collaborate in developing solar farms in the MEA and the ASEAN region. The first collaborative effort between them is to create a solar farm in Khulais, Saudi Arabia, with a capacity of 100 MW., January 2021:ACWA Power agreed to a USD 125 million corporate facility to support its future growth pipeline of renewable energy projects. ACWA Power has had this facility for five years under a newly signed deal with APICORP (The Arab Petroleum Investments Corporation). . Notable trends are: Growing environmental concerns are driving the market growth.

Access monthly energy price assessments for Germany, featuring Electricity and other key energy commodities. Coverage includes 10-year price history, current values, short-term forecasts, and market trends. Updated on the 3rd business day of each month, the data offers insights on prices, supply, demand, production, and trade. Available via PDF reports, Excel Add-In, Power BI, and API. Coverage for Saudi Arabia and over 30 other countries is included in Intratec Energy Prices & Markets. Free preview available.

Saudi Arabia waste to energy market size is projected to exhibit a growth rate (CAGR) of 4.75% during ​2025-2033​. The increasing advances in waste to energy technologies, such as improved incineration processes, gasification, and anaerobic digestion, which have increased the efficiency of energy conversion, are driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for ​2025-2033​. Our report has categorized the market based on technology and waste type.

Saudi Arabia Smart Energy Market was valued at USD 23.7 million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 10.2% through 2029

Saudi Arabia Renewable Energy Market Report is Segmented by Type (Solar, Wind, and Other Types [Hydro, Biomass, Etc. ]). The Report Offers Installed Capacity and Forecasts in Megawatts (GW) for all the Above Segments.

Gain detailed insights into KSA Renewable Energy Market, size at USD 340 million in 2023, showcasing revenue forecast and major industry trends.

The Saudi Arabian data center power market is experiencing robust growth, projected to reach $211.70 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 16.50% from 2025 to 2033. This expansion is fueled by several key drivers. The Kingdom's Vision 2030 initiative, focused on diversifying the economy and boosting digital infrastructure, is a primary catalyst. Increased adoption of cloud computing, big data analytics, and the expansion of e-commerce are further propelling demand for reliable and efficient power solutions within data centers. Government investments in digital transformation initiatives are creating a favorable regulatory environment, encouraging both domestic and international players to invest in the market. Furthermore, the growth of the IT and telecommunication sectors, along with the expansion of the BFSI (Banking, Financial Services, and Insurance) and media & entertainment industries, are contributing significantly to the market's overall expansion. Competition is fierce, with major players like ABB, Schneider Electric, and Vertiv vying for market share alongside regional and international companies offering power infrastructure solutions, power distribution solutions (PDUs, switchgear, etc.), and critical power support services. The segmentation of the market reveals key opportunities. The Power Infrastructure segment, encompassing electrical solutions, is expected to see strong growth due to the continuous need for robust power supply within data centers. Similarly, the Power Distribution Solutions segment, which includes PDUs, switchgear, and transfer switches, is critical for ensuring seamless power delivery. The regional distribution within Saudi Arabia itself indicates variations in growth across Central, Eastern, Western, and Southern regions, likely influenced by the concentration of data centers and related investments in each zone. While precise regional market shares for these zones cannot be definitively determined without more granular data, it is expected that areas with significant IT hubs will lead in market growth. Understanding these segment and regional dynamics is crucial for businesses to effectively target their strategies and maximize their potential within this thriving market. Saudi Arabia Data Center Power Market: A Comprehensive Report (2019-2033) This insightful report provides a detailed analysis of the burgeoning Saudi Arabia data center power market, offering invaluable insights for stakeholders seeking to navigate this dynamic landscape. With a study period spanning 2019-2033, a base year of 2025, and a forecast period of 2025-2033, this report delivers a comprehensive overview of market trends, technological advancements, and future growth potential. The market is segmented by Power Infrastructure, Power Distribution Solutions, Service, and End-User sectors, providing a granular view of the key players and their contributions. The report's analysis incorporates extensive data, including market size projections, growth rates, and key industry developments. The total market value is expected to reach xx Million by 2033. Recent developments include: April 2024: Vertiv, a significant provider of critical digital infrastructure and continuity solutions, introduced the extension of the Vertiv Liebert GXT5 Lithium-Ion double-conversion, online uninterruptible power supply (UPS) system for 5kVA-10kVA Global Voltage (GV) (200V-240V; Default 230V) applications., January 2024: Caterpillar Inc. partnered with Microsoft and Ballard Power Systems to test the use of large-format hydrogen fuel cells as a reliable and eco-friendly backup power source for multi-megawatt data centers. Hydrogen fuel cells are seen as a possible low-carbon alternative to diesel backup generators, which is expected to drive the growth of DC generators.. Key drivers for this market are: Rising Adoption of Mega Data Centers and Cloud Computing, Increasing Demand to Reduce Operational Costs. Potential restraints include: High Cost of Installation and Maintenance. Notable trends are: Switched PDU is Anticipated to be the Fastest Growing Segment.

Explore the Saudi Arabia Solar Energy Market, valued at USD 6 billion in 2024 and projected to reach USD 49 billion by 2030, growing at a 42% CAGR.

The Middle East Data Center Power Market report segments the industry into Power Infrastructure (Electrical Solution, Service), End User (IT and Telecommunication, BFSI, Government, Media and Entertainment, Other End Users), and Country (Saudi Arabia, United Arab Emirates, Israel). Get five years of historical data alongside five-year market forecasts.

In Saudi Arabia Renewable Energy Market, Technological breakthroughs in battery storage, floating solar, and offshore wind will open new frontiers for deployment.

The Saudi Arabian renewable energy market is experiencing robust growth, projected to expand significantly over the forecast period (2025-2033). A compound annual growth rate (CAGR) of 23.30% indicates a substantial increase in market value, driven by the nation's ambitious Vision 2030 initiative, which prioritizes diversification from oil dependence and increased reliance on sustainable energy sources. This strategic shift is fostering substantial investments in renewable energy projects, particularly solar and wind power, spurred by favorable government policies, supportive regulatory frameworks, and decreasing technology costs. The geographic distribution of these projects is likely to be spread across the country's diverse regions (Central, Eastern, Western, and Southern Saudi Arabia), leveraging the unique solar and wind resources in each area. Further growth will be fueled by increasing energy demands from a rapidly growing population and industrial sector, alongside a commitment to reducing carbon emissions and promoting environmental sustainability. Key players such as Vestas Wind Systems, Engie SA, and ACWA Power are driving innovation and competition within the market, leading to the deployment of larger-scale and more efficient renewable energy installations. The "Other Types" segment, encompassing hydro, biomass, and other renewable sources, while currently smaller, holds potential for future growth, particularly as technological advancements improve cost-efficiency and accessibility. The market segmentation, with solar and wind power leading the way, reflects the nation’s focus on leveraging its abundant solar irradiation and wind resources. The significant investment in large-scale renewable energy projects signals a long-term commitment to clean energy. This expansion will necessitate further development of supporting infrastructure, including transmission networks and storage solutions. While challenges may exist in terms of land acquisition, grid integration, and financing certain projects, the overall growth trajectory remains positive. The ongoing government support, coupled with the decreasing costs of renewable energy technologies and the rising global demand for clean energy, suggests that the Saudi Arabian renewable energy sector will continue its rapid expansion, positioning the country as a key player in the global renewable energy market. Recent developments include: July 2023: Saudi developer ACWA Power inked financing agreements with a group of investors to build two solar projects, Al Shuaibah 1 and Al Shuaibah 2, with estimated investments of USD 2.2 billion, which could likely help the renewable energy market to grow at a rapid pace., November 2023: The NEOM Green Hydrogen Company (NGHC) noted the receiving of wind turbines at the Port of NEOM. The NGHC’s Wind Garden would consist of approximately 250 wind turbines that would energize electricity to green hydrogen power plants in Saudi Arabia.. Key drivers for this market are: Supportive Government Policies and Incentives4., Rising Demand for Water and Renewable-Powered Desalination. Potential restraints include: Rising Natural Gas Consumption for Power Generation. Notable trends are: Solar Energy to Dominate the Market.

The Saudi Arabia Solar Power Market is Segmented by Type (Solar Photovoltaic (PV) and Concentrated Solar Energy (CSP)). The report offers the market size and forecasts for Saudi Arabia's solar energy in installed capacity (MW) for all the above segments.

Saudi Arabia Wind Power Generator Market was valued at USD 80.10 Million in 2023 and is expected to reach USD 128.82 Million by 2029 with a CAGR of 8.08% during the forecast period.

"Saudi Arabia Wind Power Analysis – Market Outlook to 2030, Update 2021” is the latest report from GlobalData, the industry analysis specialists that offer comprehensive information and understanding of the wind power market in Saudi Arabia. The research details renewable power market outlook in Saudi Arabia (includes solar thermal, wind, biopower and solar power) and provides forecasts up to 2030. The report highlights installed capacity and power generation trends from 2010 to 2030 in Saudi Arabia’s wind power market. A detailed coverage of renewable energy policy framework governing the market with specific policies pertaining to wind power is provided in the report. The research also provides company snapshots of some of the major market participants. The report is built using data and information sourced from proprietary databases, secondary research, and in-house analysis by GlobalData’s team of industry experts. Read More