Dublin, Feb. 05, 2025 (GLOBE NEWSWIRE) — The “Saudi Arabia Green Technology Sustainability Market, By Region, Competition, Forecast and Opportunities, 2020-2030F” report has been added to ResearchAndMarkets.com’s offering.
The Saudi Arabia Green Technology Sustainability Market was valued at USD 5.3 Billion in 2024, and is expected to reach USD 12.83 Billion by 2030, rising at a CAGR of 15.70%
The Saudi Arabia Green Technology Sustainability Market is experiencing substantial growth, propelled by the nation’s strategic initiatives to diversify its economy and foster sustainable development. With a strong emphasis on reducing dependence on traditional energy sources, Saudi Arabia has prioritized the adoption of green technologies to address environmental challenges and achieve its Vision 2030 goals.
The government’s investments in renewable energy projects, such as solar and wind, coupled with regulatory frameworks encouraging sustainability practices, have created a conducive environment for businesses in the green technology sector. This burgeoning market is witnessing increased demand for innovative solutions across various industries, including energy, construction, and transportation. As the nation endeavors to balance economic growth with environmental stewardship, the Saudi Arabia Green Technology Sustainability Market presents lucrative opportunities for companies contributing to the kingdom’s transition towards a more sustainable and resilient future.
Accelerated Growth in Renewable Energy Investments
One prominent trend shaping the Saudi Arabia Green Technology Sustainability Market is the accelerated growth in renewable energy investments. The country has witnessed a surge in projects focused on harnessing solar and wind energy, supported by favorable government policies and incentives. Notable initiatives, such as the National Renewable Energy Program and the King Salman Renewable Energy Initiative, underscore the commitment to diversifying the energy mix.
The increasing deployment of solar photovoltaic and wind power projects reflects a broader shift towards sustainable and clean energy sources, positioning Saudi Arabia as a key player in the global renewable energy landscape. This trend is likely to continue as the country strives to meet its renewable energy targets, reduce carbon emissions, and contribute to a more sustainable energy future.
Growing Embrace of Circular Economy Practices
A significant trend in the Saudi Arabian sustainability market is the growing embrace of circular economy practices across industries. Companies are increasingly adopting circular business models, emphasizing resource efficiency, waste reduction, and recycling. This shift is driven by a recognition of the environmental impact of linear production and consumption patterns. Circular economy principles are being integrated into product design, manufacturing processes, and supply chain management.
This trend aligns with the broader global movement towards a circular economy, emphasizing the regenerative and restorative aspects of economic activities. As stakeholders recognize the long-term benefits of minimizing waste and maximizing resource efficiency, the adoption of circular economy practices is expected to gain further traction in the Saudi Arabian business landscape.
Integration of Smart Technologies for Energy Efficiency
The integration of smart technologies to enhance energy efficiency is a key trend shaping the green technology market in Saudi Arabia. Smart building solutions, energy management systems, and IoT (Internet of Things) applications are being deployed to optimize energy consumption, monitor environmental conditions, and improve overall efficiency.
These technologies enable real-time monitoring and control, allowing businesses and individuals to make informed decisions to reduce energy consumption and environmental impact. The smart technology trend aligns with the broader goals of sustainability, as it contributes not only to energy efficiency but also to the effective management of resources. As the adoption of smart technologies becomes more widespread, it is expected to play a pivotal role in achieving the kingdom’s sustainability objectives.
Rise of Sustainable Transportation Solutions
A notable trend in the Saudi Arabian green technology market is the rise of sustainable transportation solutions. The country is witnessing a shift towards electric vehicles (EVs) and the development of associated infrastructure, including charging stations. Government incentives, coupled with global efforts to reduce carbon emissions from the transportation sector, are driving the adoption of EVs.
This trend aligns with Saudi Arabia’s commitment to diversify its energy sources and reduce reliance on fossil fuels in the transportation sector. As advancements in EV technology continue and awareness of environmental benefits grows, the sustainable transportation trend is likely to gain further momentum, contributing to a more eco-friendly and efficient mobility landscape.
Increasing Emphasis on Water-Efficient Technologies
In response to water scarcity challenges, there is a growing emphasis on water-efficient technologies in the Saudi Arabian green technology market. Innovations in drip irrigation, precision agriculture, and water management systems are gaining traction as stakeholders recognize the importance of sustainable water use.
Agriculture, a sector crucial for food security, is undergoing a transformation with the adoption of technologies that optimize water consumption and reduce waste. This trend aligns with the broader goal of achieving water sustainability in the arid region. As awareness of the importance of water conservation grows and technology continues to advance, the market for water-efficient technologies is poised for expansion, contributing to the overall sustainability agenda in Saudi Arabia.
Segmental Insights
Application Insights
The Air and Water Pollution Monitoring segment emerged as the dominant force in the Saudi Arabia Green Technology Sustainability Market, and this trend is anticipated to endure throughout the forecast period. The heightened awareness of environmental issues, coupled with the pressing need for effective pollution control measures, has propelled the adoption of technologies dedicated to monitoring air and water quality. Saudi Arabia, like many regions globally, faces challenges related to pollution, making the Air and Water Pollution Monitoring segment crucial for safeguarding public health and preserving natural resources.
This segment includes technologies such as air quality sensors, water quality monitoring systems, and pollution tracking solutions that enable real-time data collection and analysis. The dominance of this segment is driven by the government’s commitment to addressing environmental concerns, stringent regulations governing pollution control, and a growing emphasis on sustainable development. As the nation strives to achieve its sustainability goals outlined in Vision 2030, the demand for robust monitoring and management of air and water quality is expected to persist. The ongoing focus on environmental stewardship positions the Air and Water Pollution Monitoring segment as a key player in shaping the trajectory of the Saudi Arabian Green Technology Sustainability Market, reflecting a collective commitment to creating a cleaner, healthier, and more sustainable environment.
Regional Insights
Riyadh emerged as the dominant region in the Saudi Arabia Green Technology Sustainability Market, and this dominance is poised to persist during the forecast period. Riyadh, the capital and largest city of Saudi Arabia, serves as the economic, political, and cultural hub of the country. The dominance of Riyadh in the green technology sector can be attributed to several factors.
Firstly, Riyadh has been at the forefront of implementing the national sustainability initiatives outlined in Vision 2030, with a particular emphasis on diversifying the economy and promoting environmental stewardship. The region has witnessed substantial investments in renewable energy projects, sustainable infrastructure, and green technologies.
Secondly, as a key business and innovation hub, Riyadh attracts a significant share of both domestic and international investments in green technology. The presence of government agencies, research institutions, and a burgeoning ecosystem of startups further contributes to the region’s dominance. Additionally, Riyadh’s commitment to smart city initiatives and digital transformation aligns with the integration of advanced technologies for sustainable urban development.
While other regions like Makkah, Madinah, Jeddah, Tabuk, and the Eastern Province are also making strides in adopting green technologies, Riyadh’s comprehensive approach, strategic investments, and central role in national development positions it as the dominant force in driving the Saudi Arabian Green Technology Sustainability Market. As the kingdom continues its sustainability journey, Riyadh is expected to maintain its leadership, serving as a beacon for sustainable development practices and a catalyst for the broader adoption of green technologies across the country.
Key Market Players
- General Electric Company
- IBM Corporation
- Microsoft Corporation
- Salesforce Inc
- Schneider Electric SE
- Amazon.com Inc.
- Siemens AG
- ABB Ltd.
Report Scope:
In this report, the Saudi Arabia Green Technology Sustainability Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Saudi Arabia Green Technology Sustainability Market, By Component:
Saudi Arabia Green Technology Sustainability Market, By Deployment:
Saudi Arabia Green Technology Sustainability Market, By Application:
- Air and Water Pollution Monitoring
- Carbon Footprint Management
- Crop Monitoring
- Fire Detection
- Forest Monitoring
- Green Building
- Soil Condition/Moisture Monitoring
- Sustainable Mining and Exploration
- Water Management
- Weather Monitoring and Forecasting
- Others
Saudi Arabia Green Technology Sustainability Market, By Enterprise Type:
Saudi Arabia Green Technology Sustainability Market, By Region:
- Riyadh
- Makkah
- Madinah
- Jeddah
- Tabuk
- Eastern Province
- Rest of Saudi Arabia
- Competitive Landscape
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 |
For more information about this report visit https://www.researchandmarkets.com/r/1gkau5
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- Saudi Arabian Green Technology Sustainability Market
