Saudi Arabia Wind Power Generator Market is expected to grow at a 8.08% CAGR Through 2029

Government support for renewable energy development and Increasing demand for electricity are driving the market during the forecast period.

According to TechSci Research report, “Saudi Arabia Wind Power Generator Market – By Region, Competition, Forecast and Opportunities, 2019-2029”, Saudi Arabia Wind Power Generator Market was valued at USD 80.10 Million in 2024 and is expected to reach USD 128.82 Million by 2030 with a CAGR of 8.08% during the forecast period. 

Saudi Arabia's wind power generator market is being driven by the government's strong commitment to renewable energy. In recent years, the Saudi government has taken significant steps to diversify its energy mix and reduce its dependence on fossil fuels. This commitment is primarily driven by the need to address environmental concerns, reduce carbon emissions, and decrease the country's vulnerability to fluctuations in oil prices. One of the key initiatives supporting this commitment is the Saudi Vision 2030 plan, which outlines the country's goals for economic diversification and sustainable development. As part of this vision, the government has set ambitious targets for renewable energy capacity, with a specific focus on wind power. By 2030, Saudi Arabia aims to have 16 GW of wind energy capacity installed. This strong government commitment provides a stable and supportive regulatory environment for the growth of the wind power generator market.

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Based on product, The Horizontal-Axis Wind Power Generator segment held the largest market share in 2023. Horizontal-axis wind turbines are generally more efficient in capturing wind energy. Their design allows the blades to rotate into the wind, maximizing the energy capture. This efficiency is crucial, especially in a region like Saudi Arabia with vast and often high wind resources. Higher efficiency translates to greater energy production from each wind turbine.  Horizontal-axis wind turbines are a global standard in the wind energy industry. They have been widely adopted and are well-established in many markets worldwide. This standardization simplifies procurement, maintenance, and the availability of spare parts and expertise. Saudi Arabia, like many emerging wind power markets, often benefits from adopting established technologies with a proven track record.

The manufacturing, installation, and maintenance of horizontal-axis wind turbines are often more cost-effective compared to vertical-axis turbines. These cost advantages are particularly important in regions where cost considerations play a significant role in energy project decisions. Horizontal-axis wind turbines have seen significant technological advancements and innovations over the years. They benefit from a mature research and development ecosystem, resulting in reliable and well-optimized designs. These turbines are the preferred choice for utility-scale wind farms, which Saudi Arabia is increasingly investing in to meet its renewable energy targets. Horizontal-axis turbines have well-established maintenance and repair practices. Maintenance services, spare parts, and the expertise needed to keep these turbines operational are more readily available. This contributes to the overall reliability and uptime of wind power installations.

Based on region,  The Western Region of Saudi Arabia is the fastest-growing area in the country’s wind power generator market, driven by a combination of favorable natural conditions, strategic government initiatives, and ambitious renewable energy goals outlined in Vision 2030. Several factors contribute to the rapid growth of wind power generation in this region. The Western Region, particularly along the Red Sea coast, benefits from strong, consistent wind patterns, making it ideal for wind power generation. Coastal areas like Jeddah, Yanbu, and Dumat Al Jandal are known for their high wind speeds, which are essential for efficient turbine operation. These natural conditions make the Western Region more viable for large-scale wind farms compared to other parts of Saudi Arabia, which face less consistent wind resources. 

Saudi Arabia's Vision 2030 aims to diversify the nation’s energy mix, reducing its reliance on oil and boosting renewable energy sources. As part of this, the Saudi government has set ambitious renewable energy targets, with wind power being a significant component. The National Renewable Energy Program (NREP) has been instrumental in promoting wind projects, and the Western Region has attracted substantial investments. Notable projects like the Dumat Al Jandal Wind Farm, set to be the largest in the region, highlight the region’s growing importance in Saudi Arabia's renewable energy landscape. The proximity of the Western Region to major population centers such as Jeddah and Mecca, as well as the country’s expanding electricity grid infrastructure, allows for efficient power distribution from wind farms to urban areas. Furthermore, Saudi Arabia is investing in the modernization of grid systems to accommodate intermittent renewable energy sources like wind.

Key market players in the Saudi Arabia Wind Power Generator Market are:-

• General Electric Company
• Siemens AG
• Nordex SE
• ENERCON Global GmbH 
• Mingyang Smart Energy Group
• United Power Inc.     
• Vestas Wind Systems A/S  
• Goldwind Science & Technology Co. Ltd

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“The Saudi Arabia Wind Power Generator Market is anticipated to rise in the upcoming years. The Saudi Arabia wind power generator market is expected to grow significantly in the coming years, driven by government support, increasing demand for electricity, favorable wind resources, and the competitive cost of wind power. The Saudi Arabian government has ambitious plans to develop renewable energy, including wind power. The country aims to generate 50% of its electricity from renewable sources by 2030. The demand for electricity in Saudi Arabia is growing rapidly due to population growth and economic development. Wind power can help to meet this growing demand without increasing greenhouse gas emissions. Saudi Arabia has abundant wind resources, particularly in the northwestern and southwestern regions of the country. This makes the country a prime location for wind power development. Therefore, the market is expected to boost in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Saudi Arabia Wind Power Generator Market Segmented By Application (Offshore, Onshore), By Product (Horizontal-Axis Wind Power Generator, Vertical-Axis Wind Power Generator), By Region, and By Competition, 2019-2029F,” has evaluated the future growth potential of Saudi Arabia Wind Power Generator Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia Wind Power Generator Market.

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