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Renewable Energy in Saudi Arabia

Publisher MarketLine
Published May 22, 2025
Length 39 Pages
SKU # MTLN20304028

Description

Renewable Energy in Saudi Arabia

Summary

Renewable Energy in Saudi Arabia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Renewable energy market includes net generation of electricity through renewable sources. Market is segmented into hydroelectricity, wind, solar PV, biopower, and geothermal. Market volume represents the net volume of electricity produced through renewable means. Market value is calculated by multiplying the amount of electricity produced by the wholesale price.
  • The Saudi Arabian renewable energy market recorded revenues of $100.9 million in 2024, representing a compound annual growth rate (CAGR) of 144.3% between 2019 and 2024.
  • Market production volume increased with a CAGR of 145.1% between 2019 and 2024, reaching a total of 8,824.8 GWh in 2024.
  • Saudi Arabia’s climate and pollution goals have significantly supported the growth of its renewable energy market by driving a structural shift away from fossil fuel dependence. According to the US Energy Information Administration (EIA), in 2024, the proportion of fossil fuels in total power generation in Saudi Arabia reached 99.7%, down from 99.9% in 2019.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the renewable energy market in Saudi Arabia
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the renewable energy market in Saudi Arabia
  • Leading company profiles reveal details of key renewable energy market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Saudi Arabia renewable energy market with five year forecasts
Reasons to Buy
  • What was the size of the Saudi Arabia renewable energy market by value in 2024?
  • What will be the size of the Saudi Arabia renewable energy market in 2029?
  • What factors are affecting the strength of competition in the Saudi Arabia renewable energy market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Saudi Arabia's renewable energy market?

Table of Contents

39 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Geography segmentation
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?
8 Company Profiles
8.1. Acwa Power Co
8.2. Abu Dhabi Future Energy Co
8.3. Alfanar Energy Pvt Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Saudi Arabia renewable energy market value: $ million, 2019-24
Table 2: Saudi Arabia renewable energy market volume: GWh, 2019-24
Table 3: Saudi Arabia renewable energy market geography segmentation: $ million, 2024
Table 4: Saudi Arabia renewable energy market value forecast: $ million, 2024-29
Table 5: Saudi Arabia renewable energy market volume forecast: GWh, 2024-29
Table 6: Acwa Power Co: Key Facts
Table 7: Acwa Power Co: Annual Financial Ratios
Table 8: Acwa Power Co: Key Employees
Table 9: Abu Dhabi Future Energy Co: Key Facts
Table 10: Abu Dhabi Future Energy Co: Key Employees
Table 11: Alfanar Energy Pvt Ltd: Key Facts
Table 12: Saudi Arabia Size of Population (Million), 2020-24
Table 13: Saudi Arabia Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 14: Saudi Arabia GDP (Current Prices, $ Billion), 2020-24
Table 15: Saudi Arabia Inflation, 2020-24
Table 16: Saudi Arabia Consumer Price Index (Absolute), 2020-24
Table 17: Saudi Arabia Exchange Rate, 2019-24
List of Figures
Figure 1: Saudi Arabia renewable energy market value: $ million, 2019-24
Figure 2: Saudi Arabia renewable energy market volume: GWh, 2019-24
Figure 3: Saudi Arabia renewable energy market geography segmentation: % share, by value, 2024
Figure 4: Saudi Arabia renewable energy market value forecast: $ million, 2024-29
Figure 5: Saudi Arabia renewable energy market volume forecast: GWh, 2024-29
Figure 6: Forces driving competition in the renewable energy market in Saudi Arabia, 2024
Figure 7: Drivers of buyer power in the renewable energy market in Saudi Arabia, 2024
Figure 8: Drivers of supplier power in the renewable energy market in Saudi Arabia, 2024
Figure 9: Factors influencing the likelihood of new entrants in the renewable energy market in Saudi Arabia, 2024
Figure 10: Factors influencing the threat of substitutes in the renewable energy market in Saudi Arabia, 2024
Figure 11: Drivers of degree of rivalry in the renewable energy market in Saudi Arabia, 2024

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