GCC Renewable Energy Market Size, Share and Report 2025-2033

Renewable Energy Market in GCC 2025:

How Big is the GCC Renewable Energy Industry?

The renewable energy market in GCC size was valued at 16.44 GW in 2024. Looking forward, IMARC Group estimates the market to reach 43.80 GW by 2033, exhibiting a CAGR of 10.60% from 2025-2033.

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Size in 2024: 16.44 GW

Market Size in 2033: 43.80 GW

Market Growth Rate (CAGR) 2025-2033: 10.60%

GCC Renewable Energy Market Trends and Drivers:

Among the drivers of the expansion of the renewable energy sector in the GCC are some form of government stimulus towards the diversification of the energy source as well as towards the reduction of reliance on fossil fuel. The countries of the region, namely Saudi Arabia, the UAE, and Oman, are heavily investing in renewable energy projects within their respective Vision 2030 and long-term sustainability plans. The natural prevalence of solar energy and wind power in the region has rendered renewable energy an inexpensive source of power for the region. Economically apart, this has, in fact, given a massive boost to the use of these renewable technologies because of the necessity to cap their carbon emissions in order to meet their international climate commitments. In addition to this, future grid integration and energy storage technologies will also propagate the sustainability of renewable energy nearer to its increased reliability and efficiency.

Solar energy and wind farms have picked up pace in the GCC renewable energy sector, as have the newer technology innovations. Solar energy continues to be the top sector; Saudi Arabia's Al-Dhafra Solar PV Plant and Dubai's Mohammed bin Rashid Al Maktoum Solar Park are industry benchmark capacity and cost-effective generation at the international level. Increasing awareness of coasts and deserts has also further raised the demand for wind power projects. There is also a fast-emerging trend towards green hydrogen, i.e., a green energy source of clean energy from renewable energy to be used in industry and for exports. There is increased private investment and public-private partnerships for the promotion of using renewable energy. This will also be supplemented by the power of advanced AI and IoT technologies propelling renewable energy operations and maintenance optimization in the GCC region, which is also expected to drive demand for advanced projects in the next several years.

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GCC Renewable Energy Industry Segmentation:

The report has segmented the market into the following categories:

Analysis by Type:

• Hydropower

• Wind Power

• Solar Power

• Bioenergy

• Geothermal Energy

• Others

Analysis by Application:

• Residential

• Commercial

• Industrial

Country Analysis:

• Saudi Arabia

• UAE

• Qatar

• Kuwait

• Oman

• Bahrain

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Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Few key players are:

• MACE Group

• Enerwhere Sustainable Energy DMCC

• SolarWinds

• Akuo Energy SAS

• Yellow Door Energy Limited

• Masdar (Abu Dhabi Future Energy Co.)

• Canadian Solar Inc.

• Siraj Power Contracting LLC

• ACWA POWER BARKA SAOG

• EDF Renewables

Key highlights of the Report:

• Market Performance (2019-2024)

• Market Outlook (2025-2033)

• COVID-19 Impact on the Market

• Porter’s Five Forces Analysis

• Strategic Recommendations

• Historical, Current and Future Market Trends

• Market Drivers and Success Factors

• SWOT Analysis

• Structure of the Market

• Value Chain Analysis

• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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