Middle East Renewable Energy Market Size, Share, Trends, Industry Analysis Report By Product (Solar Power, Hydropower, Bioenergy, Wind Power, Others), By Application – Market Forecast, 2025–2034
Description
The middle east renewable energy market size is expected to reach USD 148.50 billion by 2034, according to a new study by Polaris Market Research. The report “Middle East Renewable Energy Market Size, Share, Trends, Industry Analysis Report By Product (Solar Power, Hydropower, Bioenergy, Wind Power, Others), By Application – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The Middle East renewable energy market focuses on using clean power sources such as solar and wind to generate electricity. This transition helps the region move away from relying on traditional fossil fuels and meet a growing demand for energy. The market includes a variety of projects, from large solar farms to smaller-scale rooftop installations, all aimed at diversifying the energy mix.
The market has been seeing strong growth owing to major support from governments across the region. Countries are setting ambitious goals to use more renewable energy and are investing heavily in large projects. The cost of key technologies such as solar panels and wind turbines has dropped, making these projects more affordable and competitive. This shift is about protecting the environment, improving energy security, and creating new economic opportunities for the region.
Middle East Renewable Energy Market Report Highlights:
By product, the solar power segment held the largest share in 2024, driven by the region's abundant sunshine and vast, open land. Countries have leveraged these natural advantages to build massive solar projects, making solar energy a cost-effective and leading source of clean power.
By application, the industrial sector held the largest share in 2024. This is due to the high energy demands of industries such as oil and gas, petrochemicals, and desalination plants. Renewable energy helps these sectors meet their power needs efficiently while supporting broader sustainability goals.
By country, Saudi Arabia leads the market due to its ambitious Vision 2030 plan, which includes massive investments in large-scale solar and wind projects. When it comes to the fastest growth, Israel is showing a strong and dynamic expansion. The country is introducing more renewable energy capacity than it has in the previous decade, driven by competitive projects and a strategic focus on becoming a hub for green hydrogen production.
A few key players in the market include ACWA Power; Masdar; Neom Energy; TotalEnergies; EDF Renewables; Jinko Power Technology Co., Ltd.; LONGi Green Energy Technology Co., Ltd.; Enel Green Power; Scatec ASA; Siemens Gamesa Renewable Energy; TBEA Co., Ltd.; and General Electric Company.
Polaris Market Research has segmented the Middle East renewable energy market report based on product, application, and country:
By Product Outlook (Revenue – USD Billion, 2020–2034)
Solar Power
Hydropower
Bioenergy
Wind Power
Others
By Application Outlook (Revenue – USD Billion, 2020–2034)
Commercial
Residential
Industrial
By Country Outlook (Revenue – USD Billion, 2020–2034)
Saudi Arabia
UAE
Israel
Rest of Middle East
The Middle East renewable energy market focuses on using clean power sources such as solar and wind to generate electricity. This transition helps the region move away from relying on traditional fossil fuels and meet a growing demand for energy. The market includes a variety of projects, from large solar farms to smaller-scale rooftop installations, all aimed at diversifying the energy mix.
The market has been seeing strong growth owing to major support from governments across the region. Countries are setting ambitious goals to use more renewable energy and are investing heavily in large projects. The cost of key technologies such as solar panels and wind turbines has dropped, making these projects more affordable and competitive. This shift is about protecting the environment, improving energy security, and creating new economic opportunities for the region.
Middle East Renewable Energy Market Report Highlights:
By product, the solar power segment held the largest share in 2024, driven by the region's abundant sunshine and vast, open land. Countries have leveraged these natural advantages to build massive solar projects, making solar energy a cost-effective and leading source of clean power.
By application, the industrial sector held the largest share in 2024. This is due to the high energy demands of industries such as oil and gas, petrochemicals, and desalination plants. Renewable energy helps these sectors meet their power needs efficiently while supporting broader sustainability goals.
By country, Saudi Arabia leads the market due to its ambitious Vision 2030 plan, which includes massive investments in large-scale solar and wind projects. When it comes to the fastest growth, Israel is showing a strong and dynamic expansion. The country is introducing more renewable energy capacity than it has in the previous decade, driven by competitive projects and a strategic focus on becoming a hub for green hydrogen production.
A few key players in the market include ACWA Power; Masdar; Neom Energy; TotalEnergies; EDF Renewables; Jinko Power Technology Co., Ltd.; LONGi Green Energy Technology Co., Ltd.; Enel Green Power; Scatec ASA; Siemens Gamesa Renewable Energy; TBEA Co., Ltd.; and General Electric Company.
Polaris Market Research has segmented the Middle East renewable energy market report based on product, application, and country:
By Product Outlook (Revenue – USD Billion, 2020–2034)
Solar Power
Hydropower
Bioenergy
Wind Power
Others
By Application Outlook (Revenue – USD Billion, 2020–2034)
Commercial
Residential
Industrial
By Country Outlook (Revenue – USD Billion, 2020–2034)
Saudi Arabia
UAE
Israel
Rest of Middle East
Table of Contents
128 Pages
- 1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
- 2. Executive Summary
- 2.1. Market Highlights
- 3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
- 4. Middle East Renewable Energy Market Insights
- 4.1. Middle East Renewable Energy Market – Market Snapshot
- 4.2. Middle East Renewable Energy Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Ambitious Government Targets and Policies
- 4.2.1.2. Declining Costs of Renewable Technology
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Heavy reliance on fossil fuels
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Middle East Renewable Energy Market Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
- 5. Middle East Renewable Energy Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Middle East Renewable Energy Market, by Product, 2020–2034 (USD Billion)
- 5.3. Solar Power
- 5.3.1. Middle East Renewable Energy Market, by Solar Power, by Region, 2020–2034 (USD Billion)
- 5.4. Hydropower
- 5.4.1. Middle East Renewable Energy Market, by Hydropower, by Region, 2020–2034 (USD Billion)
- 5.5. Bioenergy
- 5.5.1. Middle East Renewable Energy Market, by Bioenergy, by Region, 2020–2034 (USD Billion)
- 5.6. Wind Power
- 5.6.1. Middle East Renewable Energy Market, by Wind Power, by Region, 2020–2034 (USD Billion)
- 5.7. Others
- 5.7.1. Middle East Renewable Energy Market, by Others, by Region, 2020–2034 (USD Billion)
- 6. Middle East Renewable Energy Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Middle East Renewable Energy Market, by Application, 2020–2034 (USD Billion)
- 6.3. Commercial
- 6.3.1. Middle East Renewable Energy Market, by Commercial, by Region, 2020–2034 (USD Billion)
- 6.4. Residential
- 6.4.1. Middle East Renewable Energy Market, by Residential, by Region, 2020–2034 (USD Billion)
- 6.5. Industrial
- 6.5.1. Middle East Renewable Energy Market, by Industrial, by Region, 2020–2034 (USD Billion)
- 7. Competitive Landscape
- 7.1. Expansion and Acquisition Analysis
- 7.1.1. Expansion
- 7.1.2. Acquisitions
- 7.2. Partnerships/Collaborations/Agreements/Exhibitions
- 8. Company Profiles
- 8.1. ACWA Power
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.1.4. Recent Development
- 8.2. EDF Renewables
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Product Benchmarking
- 8.2.4. Recent Development
- 8.3. Enel Green Power
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Product Benchmarking
- 8.3.4. Recent Development
- 8.4. General Electric Company
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Product Benchmarking
- 8.4.4. Recent Development
- 8.5. Jinko Power Technology Co., Ltd.
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmarking
- 8.5.4. Recent Development
- 8.6. LONGi Green Energy Technology Co., Ltd.
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmarking
- 8.6.4. Recent Development
- 8.7. Masdar
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Product Benchmarking
- 8.7.4. Recent Development
- 8.8. Neom Energy
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Product Benchmarking
- 8.8.4. Recent Development
- 8.9. Scatec ASA
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Product Benchmarking
- 8.9.4. Recent Development
- 8.10. Siemens Gamesa Renewable Energy
- 8.10.1. Company Overview
- 8.10.2. Financial Performance
- 8.10.3. Product Benchmarking
- 8.10.4. Recent Development
- 8.11. TBEA Co., Ltd.
- 8.11.1. Company Overview
- 8.11.2. Financial Performance
- 8.11.3. Product Benchmarking
- 8.11.4. Recent Development
- 8.12. TotalEnergies
- 8.12.1. Company Overview
- 8.12.2. Financial Performance
- 8.12.3. Product Benchmarking
- 8.12.4. Recent Development
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