Dublin, May 13, 2025 (GLOBE NEWSWIRE) -- The "Saudi Arabia Green Technology Sustainability Market, By Region, Competition, Forecast and Opportunities, 2020-2030F" has been added to ResearchAndMarkets.com's offering.
The Saudi Arabia Green Technology Sustainability Market, valued at USD 5.3 Billion in 2024, is projected to reach USD 12.83 Billion by 2030, with a CAGR of 15.70%.
Air and Water Pollution Monitoring is the leading segment, driven by stringent environmental regulations and government commitment to sustainability. Riyadh leads the market, attributed to its role as the economic and cultural heart of Saudi Arabia. It spearheads national sustainability initiatives under Vision 2030, supported by substantial investments and a concentration of businesses and research institutions.
This remarkable growth is driven by national efforts to diversify the economy and promote sustainable development. The country's commitment to reducing dependency on traditional energy sources is embodied in Vision 2030, a strategic initiative targeting economic transformation and environmental stewardship.
Government investments in renewable energy, including solar and wind projects, and supportive regulatory frameworks have cultivated an environment conducive to business innovation in green technology. This demand covers various sectors such as energy, construction, and transportation. The market offers promising opportunities for companies aiding in Saudi Arabia's journey toward a sustainable and resilient future.
Key Market Drivers
A key driver is the government's Vision 2030 initiative, which aims to shift the nation away from oil dependency while addressing environmental concerns. The Saudi Green Initiative (SGI), part of Vision 2030, has set ambitious goals: reducing carbon emissions by 4% globally, sourcing 50% of energy from renewables, and planting 10 billion trees. These initiatives attract investments and catalyze the green technology market. The transition to renewable energy is crucial, as the Saudi government prioritizes developing solar infrastructure, featuring projects like the King Salman Renewable Energy Initiative.
The aim is to generate 50% of energy from renewable sources by 2030, enhancing energy security and diversity. Saudi Arabia has established a robust regulatory environment, offering financial incentives, tax breaks, and favorable regulations to facilitate green technology adoption. With plans to add 27.3 GW of renewable capacity by 2027, these elements buoy domestic and international investments. Corporate sustainability initiatives also play a significant role. Saudi businesses are integrating green technologies, motivated by environmental consciousness and compliance with international standards. As of 2024, solar energy capacity surpassed 4 GW, targeting 22.7 GW by 2030.
Key Market Challenges
Infrastructure development remains a challenge, requiring investments in new energy grids and smart infrastructure. Overcoming this necessitates public-private collaboration and substantial financial input. Economic dependence on oil poses another challenge. Transitioning to a sustainable economy while maintaining fiscal health demands strategic investments and alternative revenue pursuits.
The technological landscape introduces its own barriers, requiring continuous research, development investment, and regulatory adaptability to keep pace with innovations. Addressing water scarcity and fostering sustainable agriculture are also pressing issues in Saudi Arabia's green technology roadmap.
Key Market Trends
The accelerated investment in solar and wind energy marks a significant trend, supported by the National Renewable Energy Program. The country is embracing circular economy practices to enhance resource efficiency and waste reduction, aligning with global sustainability movements.
The trend of integrating smart technologies to boost energy efficiency is notable, contributing to sustainability by optimizing resource management. Sustainable transportation solutions are gaining traction, highlighted by the rise of electric vehicles and supporting infrastructure. Water-efficient technology adoption is increasing in response to regional aridity.
Key Market Players
- General Electric Company
- IBM Corporation
- Microsoft Corporation
- Salesforce Inc
- Schneider Electric SE
- Amazon.com Inc.
- Siemens AG
- ABB Ltd.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 86 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $5.3 Billion |
| Forecasted Market Value (USD) by 2030 | $12.83 Billion |
| Compound Annual Growth Rate | 15.7% |
| Regions Covered | Saudi Arabia |
Key Topics Covered:
1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
3. Executive Summary
4. Impact of COVID-19 on Saudi Arabia Green Technology Sustainability Market
5. Voice of Customer
6. Saudi Arabia Green Technology Sustainability Market Overview
7. Saudi Arabia Green Technology Sustainability Filters Market Outlook
7.1. Market Size & Forecast
7.2. Market Share & Forecast
8. Riyadh Green Technology Sustainability Market Outlook
8.1. Market Size & Forecast
9. Makkah Green Technology Sustainability Market Outlook
9.1. Market Size & Forecast
10. Madinah Green Technology Sustainability Market Outlook
10.1. Market Size & Forecast
11. Jeddah Green Technology Sustainability Market Outlook
11.1. Market Size & Forecast
12. Tabuk Green Technology Sustainability Market Outlook
12.1. Market Size & Forecast
13. Eastern Province Green Technology Sustainability Market Outlook
13.1. Market Size & Forecast
14. Rest of Saudi Arabia Green Technology Sustainability Market Outlook
14.1. Market Size & Forecast
15. Market Dynamics
15.1. Drivers
15.2. Challenges
16. Market Trends and Developments
17. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/dbdfye
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