Saudi Arabia Renewable Energy Market Size & Outlook, 2025-2033
OverviewSaudi Arabia Renewable Energy Market Highlights
- According to Market Strides analysis, the Saudi Arabia Renewable Energy Market size was USD 58.96 Billion in 2024 and is projected to reach USD 196.79 Billion by 2033.
- The Saudi Arabia market is projected to grow at a CAGR of 14.44% between 2026 and 2033.
- By segment, Solar emerged as the largest By Technology in terms of market size in 2024.
- Bioenergy is anticipated to remain the most attractive By Technology segment, recording the fastest growth during the forecast period.
Source: MS Analysis Company Publications, Primary Interviews.
Other Key Findings
- Saudi Arabia accounted for 3.91% of the global Renewable Energy Market size in 2024.
- By 2033, United States is expected to remain the top global market in terms of size.
- Within Middle East and Africa, United Arab Emirates is forecasted to dominate the regional Renewable Energy Market size by 2033.
- Saudi Arabia will be the fastest-growing market in Middle East and Africa, projected to achieve USD 1467.9 Billion by 2033.
Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2021-2033 |
| Historical Period | 2021-2023 |
| Forecast Period | 2025-2033 |
| Market Size In 2024 | USD 58.96 Billion |
| Market Size In 2033 | USD 196.79 Billion |
| Largest segment | Solar |
| Units | Revenue in USD Billion |
| CAGR | 14.44% (2025-2033) |
| Segmnetation Covered | |
| By Technology |
|
| By Application |
|
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Saudi Arabia Renewable Energy Market By Technology 2025-2033 (USD Billion)
| By Technology | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Solar | XX.x | XX.x | XX.x | 31.77 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Wind | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Bioenergy | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: MS Analysis Company Publications, Primary Interviews.
Saudi Arabia Renewable Energy Market By Application 2025-2033 (USD Billion)
| By Application | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Utility-Scale | XX.x | XX.x | XX.x | 33.28 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Distributed | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: MS Analysis Company Publications, Primary Interviews.
Author :
Market Strides Research Team
The Market Strides Research Team delivers concise, data-driven insights across Construction & Manufacturing, Energy & Power, and Machinery & Equipment markets. With expertise covering materials, machinery, automation, infrastructure, power systems, renewables, and industrial technologies, the team provides reliable research and clear market intelligence for global businesses and decision-makers.
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Report Details
| Author | Market Strides Research Team |
| Format | PDF & Excel |
| Language | English |
| Published | Nov, 2025 |
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