Saudi Arabia Green Energy Market Overview
Market Size in 2024: USD 1.02 Billion
Market Size in 2033: USD 2.24 Billion
Market Growth Rate 2025-2033: 9.10%
According to IMARC Group's latest research publication, "Saudi Arabia Green Energy Market Size, Share, Trends and Forecast by Type, End-Users, and Region, 2025-2033", The Saudi Arabia green energy market size reached USD 1.02 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.24 Billion by 2033, exhibiting a growth rate (CAGR) of 9.10% during 2025-2033.
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How AI is Reshaping the Future of Saudi Arabia Green Energy Market
- AI-driven predictive analytics help Saudi Arabia optimize solar and wind energy generation by forecasting weather patterns, boosting efficiency and reducing waste in renewable power systems.
- The Monitoring and Prediction Centre by ACWA Power uses AI to cut emissions by over 588,000 tonnes of carbon equivalent annually while improving energy and water efficiency.
- Smart grid automation powered by AI balances energy supply and demand in real time, ensuring reliable distribution and supporting integration of intermittent green energy sources.
- AI-enabled predictive maintenance minimizes equipment downtime, extends asset life, and lowers operational costs, reinforcing the stability of renewable energy infrastructure.
- Collaborations between Saudi Data and AI Authority and energy firms leverage AI to enhance green hydrogen production, smart metering, and sustainable energy management across the kingdom.
Saudi Arabia Green Energy Market Trends & Drivers:
Saudi Arabia’s green energy market is rapidly expanding thanks to the ambitious Saudi Green Initiative, which is driving investments exceeding $186 billion in renewable projects and sustainability programs. This initiative focuses on reducing carbon emissions through a circular carbon economy approach, planting billions of trees, and protecting natural resources. So far, 77 projects have launched, powering over 150,000 homes with clean energy and adding more than 11 gigawatts of renewable capacity, primarily solar and wind. These efforts align with the kingdom’s goal to generate half of its electricity from renewables, providing a striking shift from fossil fuel dependence and commitment to environmental stewardship.
The second key driver is the surge in solar and wind power development, led by major players like ACWA Power, which manages a portfolio of 109 projects and 52 gigawatts of renewable capacity. These projects include photovoltaic, concentrated solar power, and wind farms spanning the country, from the deserts of Riyadh to coastal zones. Investments total hundreds of billions in projects such as the Yanbu Green Hydrogen Hub, tying renewable energy production to innovative hydrogen solutions for export. These massive developments, combined with innovative financing and strategic international partnerships, accelerate Saudi Arabia’s leadership in renewable energy within the Middle East.
Finally, green hydrogen production and smart grid implementation are reshaping the landscape further. The National Hydrogen Strategy supports building large-scale green hydrogen plants that integrate renewables and water desalination, vital for Saudi’s export ambitions and industrial diversification. Smart metering and grid automation also improve energy efficiency, cutting millions of tons of CO2 annually. Collaborative ventures between government, private sector, and global tech leaders enable cutting-edge solutions, strengthening grid resilience and optimizing energy usage. Together, these trends empower Saudi Arabia’s green energy sector to become a global exemplar in clean, sustainable power generation.
Saudi Arabia Green Energy Industry Segmentation:
The report has segmented the market into the following categories:
Type Insights:
- Solar Energy
- Wind Energy
- Hydroelectric Energy
- Bio Energy
- Others
End-Users Insights:
- Residential
- Commercial
- Industrial
Regional Insights:
- Northern And Central Region
- Western Region
- Eastern Region
- Southern Region
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Recent News and Developments in Saudi Arabia Green Energy Market
- November 2025: Saudi Arabia awards over $5 billion for four new renewable energy projects, adding 3.7 GW capacity, doubling existing solar infrastructure.
- November 2025: EDF, SPIC, and Aramco Power finalize $1.4 billion investment in two major solar plants totaling 1,400 MW capacity.
- November 2025: China Energy Consortium wins $2.74 billion EPC contracts for three wind and solar projects, expected to reduce CO2 emissions by 560 million tons.
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