Saudi Arabia Power Market Trends and Analysis by Capacity, Generation, Transmission, Distribution, Regulations, Key Players and Forecast to 2035

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Published: April 10, 2024 Report Code: GDPE2332ICR-ST

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Saudi Arabia Power Market Report Overview

The Saudi Arabia power market had a cumulative installed capacity was 94 GW in 2023, with thermal power dominating the capacity segment. The installed capacity is expected to grow at a CAGR of more than 2% from 2023 to 2035. During this period, renewable power is estimated to witness rapid growth in line with the country’s target to add 130GW Renewable Energy Capacity by 2030.

Saudi Arabia Power Market Outlook 2023-2035 (GW)

Saudi Arabia Power Market Outlook 2023-2035 (GW)

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The Saudi Arabia power market research report discusses the power market structure of Saudi Arabia and provides historical and forecast numbers for capacity, generation, and consumption up to 2035. Detailed analysis of the country’s power market regulatory structure, competitive landscape, and a list of major power plants are provided. The report also gives a snapshot of the power sector in the country on broad parameters of macroeconomics, supply security, generation infrastructure, transmission and distribution infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential. An analysis of the deals in the country’s power sector is also included in the report.

Market size (Year – 2023) 94 GW
Growth rate (CAGR) (2023-2035) >2%
Forecast period 2023-2035
Key sectors ·       Residential Sector

·       Commercial Sector

·       Industrial Sector

·       Others
Key Deal Types ·       Partnerships

·       Acquisition

·       Private Equity

·       Debt Offerings

·       Asset Transactions
Key market players ·       Saudi Electricity Co.

·       Saudi Arabian Oil Co.

·       Saline Water Conversion Corp

·       ACWA Power International

·       Engie SA.

·       Others
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Saudi Arabia Power Market – Key Dynamics

The Ministry of Water and Electricity is responsible for the implementation of policies, plans, and strategies for the electricity industry. The Electricity and Co-generation Regulatory Authority (ECRA) was formed in November 2001 by the Council of Ministers through Decision No. 236. It is responsible for regulating electricity services and cogeneration; issuing licenses for the generation, transmission, and distribution (T&D), and trade of electricity; and reviewing tariffs. Saudi Arabia is dependent on thermal capacity to meet its power requirements due to the abundant availability of petroleum resources. It has the highest per capita power consumption in the Middle East, which has been growing at a fast pace over the past decade. The Saudi Electricity Company (SEC) is responsible for most of the generation and distribution, while the National Grid deals with transmission.

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Saudi Arabia Power Market Segmentation by Sectors

The key sectors in the Saudi Arabia power market are the residential sector, commercial sector, industrial sector, and others. In 2023, the residential sector had the dominant share in the power consumption market.

Saudi Arabia Power Market Analysis by Sectors, 2023 (%)

Saudi Arabia Power Market Analysis by Sectors, 2023 (%)

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Saudi Arabia Power Market Segmentation by Deal Types

The key deal types recorded in the Saudi Arabia power market in 2023 are partnerships, debt offerings, acquisitions, private equity, and asset transactions. Partnerships dominated Saudi Arabia’s power deals market in 2023.

Saudi Arabia Power Market Analysis by Deal Types, 2023 (%)

Saudi Arabia Power Market Analysis by Deal Types, 2023 (%)

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Saudi Arabia Power Market – Competitive Landscape

A few of the key market players in the Saudi Arabia power market are Saudi Electricity Co., Saudi Arabian Oil Co., Saline Water Conversion Corp, ACWA Power International, Engie SA, and Others. In 2023, Saudi Arabia’s power generation market was dominated by Saudi Electricity Co.

Saudi Arabia Power Market Analysis by Market Players, 2023 (%)

Saudi Arabia Power Market Analysis by Market Players, 2023 (%)

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Segments Covered in the Report

Saudi Arabia Power Type Outlook (Value, 2015-2035, GW)

  • Industrial Sector
  • Residential Sector
  • Commercial Sector
  • Others

Saudi Arabia Power Market Deal Type Outlook (Value, 2023, GW)

  • Partnerships
  • Acquisition
  • Private Equity
  • Debt Offerings
  • Asset Transactions

 

Scope

  • Snapshot of the country’s power sector across parameters – macroeconomics, supply security, generation.

  • infrastructure, transmission infrastructure, electricity import and export scenario, degree of competition.

  • regulatory scenario, and future potential of the power sector.

  • Statistics for installed capacity, generation, and consumption from 2010 to 2022, and forecast for the next 13 years to 2035.

  • Capacity, generation, and major power plants by technology.

  • Data on leading active and upcoming power plants.

  • Information on transmission and distribution infrastructure, and electricity imports and exports.

  • Policy and regulatory framework governing the market.

  • Detailed analysis of top market participants, including market share analysis and SWOT analysis.

Reasons to Buy

  • Identify opportunities and plan strategies by having a strong understanding of the opportunities in the country’s power sector.

  • Identify key factors driving investment opportunities in the country’s power sector.

  • Facilitate decision-making based on strong historic and forecast data.

  • Develop strategies based on the latest regulatory events.

  • Position yourself to gain the maximum advantage of the industry’s growth potential.

  • Identify key partners and business development avenues.

  • Identify key strengths and weaknesses of important market participants.

  • Respond to your competitors’ business structure, strategy, and prospects.

Table of Contents

  • 1. Table of Contents

  • 2. List of Figures

  • 3. List of Tables

  • 4. Executive Summary

    • 4.1. Saudi Arabia targets to add 130GW Renewable Energy Capacity by

      2030.

    • 4.2. Saudi Arabia plans to commence nuclear power during from

      2028.

  • 5. Introduction

    • 5.1. Saudi Arabia Power Market

    • 5.2. GlobalData Report Guidance

  • 6. Saudi Arabia Power Market, Snapshot

    • 6.1. Country Summary

    • 6.2. Macroeconomic Factors

    • 6.3. Supply Security

    • 6.4. Opportunities

    • 6.5. Challenges

    • 6.6. Geopolitical crisis

  • 7. Saudi Arabia Power Market, Market Analysis

    • 7.1. Market Structure

    • 7.2. Key Market Players

    • 7.3. Financial Deals

    • 7.4. Deal Value and Volume, 2015–2023

    • 7.5. Deals by Type, 2023

    • 7.6. Saudi Arabia Power Market, Demand Structure

    • 7.7. Power Consumption by Sector, 2023

  • 8. Saudi Arabia Power Market, Regulatory Scenario

    • 8.1. Thermal Power Policy

    • 8.2. Nuclear Power Policy

    • 8.3. Renewable Energy Market, Overview

    • 8.4. Renewable Energy Targets

    • 8.5. Hydrogen Energy

    • 8.6. Saudi Vision 2030 and National Renewable Energy Program (NREP)

    • 8.7. Saudi Green Initiative

    • 8.8. Net Metering

    • 8.9. Renewable Energy Auctions

    • 8.10. National Industrial Cluster Development Program

    • 8.11. Energy Research Innovation Program

    • 8.12. Nationally Determined Contributions (NDC)

    • 8.13. Greenhouse Gas Crediting and Offsetting Mechanism (GCOM)

  • 9. Saudi Arabia Power Market, Capacity and Generation

    • 9.1. Cumulative Capacity Share by Technology, 2023

    • 9.2. Total Power Capacity and Generation, 2015–2035

    • 9.3. Thermal Power Capacity and Generation, 2015–2035

    • 9.4. Nuclear Power Capacity and Generation, 2028–2035

    • 9.5. Renewable Power Capacity and Generation, 2015–2035

  • 10. Saudi Arabia Power Market, Transmission and Distribution Overview

    • 10.1. Transmission Network

    • 10.2. Distribution Network

    • 10.3. Electricity Import and Export

    • 10.4. Grid Interconnection

  • 11. Saudi Arabia Power Market, Major Generating Companies

    • 11.1. Saudi Electricity Company

      • 11.1.1. Company Overview

      • 11.1.2. Business Description

      • 11.1.3. SWOT Overview

    • 11.2. Saudi Arabian Oil Co

      • 11.2.1. Company Overview

      • 11.2.2. Business Description

      • 11.2.3. SWOT Overview

    • 11.3. Saline Water Conversion Corp

      • 11.3.1. Company Overview

      • 11.3.2. Business Description

    • 11.4. ACWA Power International

      • 11.4.1. Company Overview

      • 11.4.2. Business Description

  • 12. Appendix

    • 12.1. Abbreviations

    • 12.2. Methodology

      • 12.2.1. Coverage

      • 12.2.2. Secondary Research

      • 12.2.3. Primary Research

      • 12.2.4. Modelling and Forecasting

  • 13. About GlobalData

  • 14. Contact Us

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