Middle East Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Renewable Energy Companies in Middle East is Segmented by Type (Hydro, Solar, Wind, Other Types) and Geography (United Arab Emirates (UAE), Saudi Arabia, Oman, Iran, Israel, Jordon, Rest of Middle East). The report offers the market size and forecasts in terms of capacity in gigawatts for all the above segments

Middle East Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Middle East Renewable Energy Market Size

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Middle-East Renewable Energy Market Overview
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 13.43 %
Market Concentration Medium

Major Players

Middle East Renewable Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Middle East Renewable Energy Market Analysis

The Middle East Renewable Energy Market is expected to register a CAGR of 13.43% during the forecast period.

The Middle East region is undergoing a significant energy transition, leveraging its abundant natural resources for renewable energy development. The region benefits from exceptional solar energy potential, with countries like Kuwait recording solar irradiation levels of 2100-2200 kW/m2 per year, making it an ideal location for solar power development. This natural advantage is complemented by strategic initiatives across various countries to diversify their renewable infrastructure and reduce dependence on conventional fossil fuels. The transformation is particularly evident in countries like Jordan, which receives 310 days of sunshine annually, enabling substantial solar energy generation potential.


Technological advancements and innovations are reshaping the clean energy landscape in the Middle East. A notable development emerged in March 2021 when a French-Lebanese research group pioneered an innovative approach to cool solar panels using HVAC system exhaust, potentially improving solar panel efficiency in the region's harsh climate conditions. The integration of smart grid technologies and advanced monitoring systems has also enhanced the operational efficiency of renewable energy installations, enabling better resource management and improved power distribution.


The region has witnessed substantial investment flows and strategic partnerships in clean energy projects. In January 2021, Masdar and EDF Renewables signed a strategic agreement to explore renewable energy opportunities in Israel, marking one of the first positive outcomes of the Abraham Accord. This collaboration exemplifies the growing trend of cross-border partnerships in the clean energy sector. Additionally, Saudi Arabia's electricity demand growth of 8-10% annually has catalyzed significant investments in renewable energy infrastructure to meet the rising power requirements sustainably.


Renewable power storage integration has emerged as a crucial focus area for ensuring reliable sustainable energy supply. The deployment of large-scale battery storage systems has gained momentum, with Saudi Arabia announcing plans for the world's largest battery facility to store solar and wind energy for its Red Sea tourism project. This trend towards integrated storage solutions addresses the intermittent nature of renewable energy sources while ensuring consistent power distribution. The implementation of advanced grid management systems and smart infrastructure has further enhanced the reliability and efficiency of distributed energy distribution networks across the region.

Segment Analysis: Type

Solar Segment in Middle East Renewable Energy Market

The solar energy segment dominates the Middle East renewable energy market, accounting for approximately 53% of the total installed capacity in 2024. This significant market share can be attributed to the region's exceptional solar resources, with countries like Kuwait experiencing annual average solar radiation levels of around 8,200 kWh/m2 and Oman receiving about 6,400 kWh/m2. The United Arab Emirates and Saudi Arabia are leading the regional drive toward solar energy adoption, with major projects like the Sheikh Mohammed bin Rashid Al Maktoum Solar Complex in Dubai and various utility-scale projects under development. The declining cost of photovoltaic modules and battery technology, coupled with supportive government policies and initiatives, has made solar energy an increasingly attractive option for meeting the region's growing energy demands.

Market Analysis of Middle East Renewable Energy Market: Chart for Type

Wind Segment in Middle East Renewable Energy Market

The wind energy segment is emerging as the fastest-growing sector in the Middle East renewable energy market during the forecast period. The growth is driven by significant investments in wind power projects across several countries, particularly in Saudi Arabia, Oman, and the UAE. Major projects like the 400 MW Dumat Al-Jandal wind power farm in Saudi Arabia and the 50 MW Dhofar Wind Project in Oman are setting the stage for rapid expansion. The sector's growth is further supported by improving wind power technology, decreasing installation costs, and strong government backing through various renewable power generation initiatives and targets. Countries across the region are increasingly recognizing wind energy's potential to diversify their energy mix and reduce dependence on fossil fuels.

Remaining Segments in Type Segmentation

The hydropower and other renewable energy segments continue to play important roles in the Middle East's energy transition. Hydropower, despite limited water resources in the region, remains a significant contributor to the renewable energy mix, particularly in countries like Iran, Iraq, and Syria. The other renewable energy segment, which includes geothermal and biomass energy, represents emerging opportunities for diversification. These technologies are gaining attention through pilot projects and research initiatives across the region, with countries like the UAE investing in biogas projects and waste-to-energy facilities to complement their sustainable power portfolios.

Middle East Renewable Energy Market Geography Segment Analysis

Renewable Energy Market in Iran

Iran stands as the dominant force in the Middle East's renewable energy landscape, holding approximately 32% of the region's total installed capacity in 2024. The country's renewable energy portfolio is primarily driven by its substantial hydropower infrastructure, which forms the backbone of its clean energy generation capabilities. Iran's commitment to renewable energy development is reflected in its comprehensive approach to diversifying its energy mix, despite facing various international challenges. The country has been actively expanding its solar energy and wind energy capabilities, particularly in regions with high solar irradiance and strong wind patterns. Iran's renewable energy sector benefits from its vast geographical diversity, allowing for the deployment of various renewable technologies across different terrains. The government's support through policy frameworks and investment initiatives has been crucial in maintaining the country's leading position in the regional renewable energy market.

Renewable Energy Market in Saudi Arabia

Saudi Arabia has emerged as the most dynamically growing renewable energy market in the Middle East, with a projected growth rate of approximately 27% annually from 2024 to 2029. The kingdom's renewable energy sector is undergoing a remarkable transformation, driven by its ambitious Vision 2030 framework and the National Renewable Energy Program. The country's vast desert landscapes and high solar irradiation levels provide ideal conditions for solar energy development, while strategic coastal areas offer significant potential for wind energy projects. Saudi Arabia's commitment to reducing its dependence on fossil fuels has led to substantial investments in utility-scale solar and wind projects. The government's proactive approach in attracting private sector participation and international partnerships has created a robust ecosystem for renewable energy development. The country's focus on localizing the renewable energy value chain, including manufacturing and research and development, demonstrates its long-term commitment to sustainable energy transition.

Renewable Energy Market in UAE

The United Arab Emirates has established itself as a pioneer in renewable energy adoption across the Middle East, with Dubai and Abu Dhabi leading the charge through innovative projects and initiatives. The country's renewable energy strategy is characterized by its focus on both utility-scale projects and distributed solar generation, particularly through initiatives like the Shams Dubai program. The UAE's approach to renewable energy development is distinguished by its emphasis on technological innovation and sustainable urban development, exemplified by projects like Masdar City. The nation has successfully attracted significant international investment in its renewable energy sector, leveraging public-private partnerships to accelerate project development. The country's commitment to clean energy is further reinforced by its comprehensive energy strategy, which aims to optimize the energy mix while ensuring sustainable economic growth.

Renewable Energy Market in Israel

Israel's renewable energy market demonstrates remarkable dynamism, driven by the country's strong technological capabilities and innovative approach to clean energy development. The nation's renewable energy sector benefits from its advanced research and development ecosystem, which has fostered numerous innovations in solar technology and energy storage solutions. Israel's geographical location, with high solar exposure rates, provides excellent conditions for solar power generation, which forms the cornerstone of its renewable energy strategy. The country has implemented a comprehensive framework to support both utility-scale projects and distributed generation, particularly through rooftop solar installations. Israel's renewable energy market is characterized by strong private sector participation and a robust startup ecosystem that continues to drive technological advancement in the sector.

Renewable Energy Market in Other Countries

The renewable energy landscape in other Middle Eastern countries, including Oman, Jordan, Kuwait, Bahrain, and Qatar, showcases diverse approaches to clean energy adoption. These nations are at various stages of renewable energy development, each implementing unique strategies aligned with their specific resources and requirements. Oman's focus on large-scale solar and wind projects, Jordan's emphasis on energy independence through renewables, and Kuwait's ambitious plans for solar energy demonstrate the region's collective movement toward sustainable energy solutions. Bahrain and Qatar are increasingly recognizing the potential of renewable energy to diversify their economies and ensure long-term energy security. These countries are characterized by their growing commitment to renewable energy development, supported by increasingly favorable policy frameworks and investment opportunities.

Middle East Renewable Energy Industry Overview

Top Companies in Middle East Renewable Energy Market

The Middle East renewable energy market features prominent players like ACWA Power, Masdar, Canadian Solar, EDF Renewables, and Siraj Power, leading the industry's transformation. Companies are increasingly focusing on technological innovation, particularly in solar PV efficiency improvements and battery storage solutions, to maintain competitive advantages. Operational excellence is being achieved through integrated business models combining development, construction, and asset management capabilities. Strategic partnerships and joint ventures, especially between local and international players, have become crucial for market penetration and project execution. Companies are expanding their geographical footprint across different Middle Eastern countries while diversifying their renewable energy portfolios to include solar, wind, and hybrid solutions. The industry is witnessing a strong push towards the localization of manufacturing and supply chains, particularly in Saudi Arabia and the UAE, to reduce costs and enhance market competitiveness.

Dynamic Market Structure Drives Industry Evolution

The Middle East renewable energy market exhibits a mix of well-established global players and emerging regional champions, creating a dynamic competitive environment. International conglomerates bring technical expertise and global experience, while local players contribute market knowledge and government relationships. The market structure is moderately consolidated in utility-scale projects but remains fragmented in the commercial and industrial segments. Merger and acquisition activities are primarily focused on strategic partnerships between technology providers and local developers, enabling better market access and risk management. The industry is witnessing increased participation from state-owned enterprises and sovereign wealth funds, particularly in large-scale projects.


The competitive landscape is characterized by varying levels of vertical integration, with some players focusing on specific segments while others adopt end-to-end business models. Project financing capabilities and government relationships play crucial roles in determining competitive positions. The market is seeing increased collaboration between traditional energy companies and renewable power specialists, particularly in hybrid projects. Regional players are strengthening their positions through strategic alliances with international technology providers and EPC contractors, while global players are establishing local subsidiaries and manufacturing facilities to enhance their market presence.

Innovation and Adaptation Key to Success

Success in the Middle East clean energy market increasingly depends on companies' ability to adapt to rapidly evolving technology and market conditions. Incumbent players are focusing on expanding their service offerings beyond traditional EPC to include innovative financing solutions and integrated energy management services. The ability to provide customized solutions for different market segments, from utility-scale projects to distributed energy generation, has become crucial. Companies are investing in digital capabilities and smart grid technologies to enhance operational efficiency and service delivery. Market leaders are also developing specialized expertise in hybrid projects and energy storage solutions to address the region's unique energy requirements.


Future market success will require companies to navigate complex regulatory environments while maintaining cost competitiveness. The concentration of large industrial and commercial customers necessitates strong relationship management and customized solution development capabilities. Companies must address the substitution risk from traditional energy sources by demonstrating superior cost-effectiveness and reliability of clean technology solutions. Regulatory changes, particularly regarding local content requirements and grid integration standards, will continue to shape competitive strategies. Success factors include the ability to manage complex stakeholder relationships, maintain technological leadership, and develop innovative business models that align with regional energy transition goals.

Middle East Renewable Energy Market Leaders

  1. Enerwhere Sustainable Energy DMCC

  2. Solarwind M.E.

  3. Akuo Energy SAS

  4. Yellow Door Energy

  5. MASE

  6. *Disclaimer: Major Players sorted in no particular order
 MASE, Enerwhere Sustainable Energy DMCC, Solarwind M.E., Akuo Energy SAS, and Yellow Door Energy.
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Middle East Renewable Energy Market News

  • July 2022: The fourth phase of Mohammed bin Rashid Solar Park was announced to be implemented by Noor Energy 1 PSC, which contains 0.7 GW CSP and 0.25 GW PV, including Parabolic Trough CSP plants of 0.6 GW ( 0.2 GW for each unit) & Molten Salt Tower CSP Plant of 0.1 GW. This project is expected to drive the cleanliness of Dubai to extend the clean energy share to 25% by 2030.
  • February 2022: Energy China Hunal Thermal Power & China Machinery Engineering Corporation formally signed a subcontract for the Al Dhafra PV2 Solar Power Plant Project in UAE with an installed capacity of 2.1 GW. The project is expected to lower carbon emissions by more than 2.4 million metric tons per year in Abu Dhabi.

Middle East Renewable Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Renewable Energy Mix, 2020
  • 4.3 Installed Capacity and Forecast in GW, till 2027
  • 4.4 Recent Trends and Developments
  • 4.5 Government Policies and Regulations
  • 4.6 Market Dynamics
    • 4.6.1 Drivers
    • 4.6.2 Restraints
  • 4.7 Supply Chain Analysis
  • 4.8 Porter's Five Forces Analysis
    • 4.8.1 Bargaining Power of Suppliers
    • 4.8.2 Bargaining Power of Consumers
    • 4.8.3 Threat of New Entrants
    • 4.8.4 Threat of Substitutes Products and Services
    • 4.8.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Type
    • 5.1.1 Hydro
    • 5.1.2 Solar
    • 5.1.3 Wind
    • 5.1.4 Other Types
  • 5.2 By Geography
    • 5.2.1 United Arab Emirates (UAE)
    • 5.2.2 Saudi Arabia
    • 5.2.3 Oman
    • 5.2.4 Iran
    • 5.2.5 Israel
    • 5.2.6 Jordan
    • 5.2.7 Rest of Middle East

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 MASE
    • 6.3.2 Enerwhere Sustainable Energy DMCC
    • 6.3.3 Solarwind ME
    • 6.3.4 Akuo Energy SAS
    • 6.3.5 Yellow Door Energy Limited
    • 6.3.6 Masdar (Abu Dhabi Future Energy Co.)
    • 6.3.7 Canadian Solar Inc.
    • 6.3.8 Siraj Power Contracting LLC
    • 6.3.9 ACWA POWER BARKA SAOG
    • 6.3.10 EDF Renewables
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Middle East Renewable Energy Industry Segmentation

Renewable energy emanates from natural sources or processes replenished naturally, including sources like wind, sunlight, etc. It creates lower emissions than non-renewable resources. 

The renewable energy market is segmented by type (hydro, solar, wind, other types) and geography (United Arab Emirates (UAE), Saudi Arabia, Oman, Iran, Israel, Jordon, Rest of Middle East). The report also covers the market size and forecasts for the renewable energy market across the major countries. For each segment, the market sizing and forecasts have been done based on installed capacity in gigawatts.

By Type Hydro
Solar
Wind
Other Types
By Geography United Arab Emirates (UAE)
Saudi Arabia
Oman
Iran
Israel
Jordan
Rest of Middle East
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Middle East Renewable Energy Market Research FAQs

What is the current Middle East Renewable Energy Market size?

The Middle East Renewable Energy Market is projected to register a CAGR of 13.43% during the forecast period (2025-2030)

Who are the key players in Middle East Renewable Energy Market?

Enerwhere Sustainable Energy DMCC, Solarwind M.E., Akuo Energy SAS, Yellow Door Energy and MASE are the major companies operating in the Middle East Renewable Energy Market.

What years does this Middle East Renewable Energy Market cover?

The report covers the Middle East Renewable Energy Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Middle East Renewable Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Middle East Renewable Energy Market Research

Mordor Intelligence provides a comprehensive analysis of the renewable energy sector in the Middle East. We leverage our extensive expertise in clean energy and sustainable energy research. Our detailed report covers the full spectrum of renewables, including solar energy, wind energy, geothermal energy, hydropower, and biomass energy. It also explores emerging technologies like green hydrogen and tidal energy. The analysis includes crucial developments in photovoltaic technology, wave energy systems, and clean fuel applications. This provides stakeholders with essential insights into the region's energy transition.

Our report, available as a convenient PDF download, offers invaluable insights for stakeholders investing in renewable infrastructure and clean technology. The analysis covers distributed energy systems, microgrid implementations, and innovations in renewable power storage. Stakeholders benefit from detailed assessments of renewable power generation capacity, renewable electricity distribution, and renewable heat applications. The report also examines sustainable technology adoption trends, clean power initiatives, and the evolution of alternative energy solutions across the Middle East. This supports informed decision-making in this rapidly evolving sector.

Middle East Renewable Energy Market Report Snapshots