Saudi Arabia Energy Storage Market Research Report: Forecast (2026-2030)
Saudi Arabia Energy Storage Market - By Technology Type (Lithium-Ion Batteries, Flow Batteries, Lead-Acid Batteries, Sodium-Based Batteries, Flywheel Energy Storage, Compressed Air... Energy Storage (CAES), Pumped Hydro Storage, Hydrogen Energy Storage, Thermal Energy Storage, Others (Supercapacitors, Hybrid, etc.)), By Application (Grid-Scale Energy Storage, Renewables Integration (Solar, Wind), Ancillary Services (Frequency Regulation, Spinning Reserve), Transmission & Distribution Support, Microgrid & Off-grid Storage, EV Charging Infrastructure, Commercial & Industrial (C&I) Storage, Residential Storage, Others, By End-User (Utilities/Power Producers, Commercial & Industrial (Manufacturing, Data Centers, etc.), Residential, Renewable Energy Developers, Government/Public Sector, Others), By Ownership Model (Third-Party Owned, Utility-Owned, Customer-Owned (Distributed), By Distribution Channel (Direct Sales, Distributors/Installers/Integrators, E-Commerce/Online, System Integrators/EPCs, Others), and others Read more
- Energy
- Nov 2025
- Pages 135
- Report Format: PDF, Excel, PPT
Market Insights & Analysis: Saudi Arabia Energy Storage Market (2026-30):
The growth in the electric vehicle ecosystem in the country is one of the primary drivers for the energy storage market of Saudi Arabia. This is due to the combination of government-led initiatives, sustainability targets, and private sector investment towards energy storage. Under Vision 2030, the country aims to reduce carbon emissions to achieve around 30% of vehicles in Riyadh to be electric by 2030, thus creating a feasible environment for EV adoption, ultimately driving the demand for energy storage infrastructure.
Moreover, the growing adoption of advanced heat-resilient battery technologies is emerging as a key trend for the Saudi Arabia Energy Storage Market. These alternatives to lithium-ion offer better performance in extreme climates, prompting increased investment and innovation by key players, which is accelerating the energy storage market’s size & volume. But the insufficient supply chain infrastructure is one of the major challenges for smooth growth & development of the energy storage market of Saudi Arabia during the forecasted period.
Saudi Arabia Energy Storage Market Scope:
| Category | Segments |
|---|---|
| By Technology Type | Lithium-Ion Batteries, Flow Batteries, Lead-Acid Batteries, Sodium-Based Batteries, Flywheel Energy Storage, Compressed Air Energy Storage (CAES), Pumped Hydro Storage, Hydrogen Energy Storage, Thermal Energy Storage, Others (Supercapacitors, Hybrid, etc. |
| By Application | Grid-Scale Energy Storage, Renewables Integration (Solar, Wind), Ancillary Services (Frequency Regulation, Spinning Reserve), Transmission & Distribution Support, Microgrid & Off-grid Storage, EV Charging Infrastructure, Commercial & Industrial (C&I) Storage, Residential Storage, Others |
| By End-User | Utilities/Power Producers, Commercial & Industrial (Manufacturing, Data Centers, etc.), Residential, Renewable Energy Developers, Government/Public Sector, Others |
| By Ownership Model | Third-Party Owned, Utility-Owned, Customer-Owned (Distributed |
| By Distribution Channel | Direct Sales, Distributors/Installers/Integrators, E-Commerce/Online, System Integrators/EPCs, Others), and others |
Saudi Arabia Energy Storage Market Driver:
Development of Sustainable Smart Cities & Giga Projects Accelerating Market Demand – Under the Vision 2030, the rapid development of smart cities and Giga projects, such as NEOM, The Red Sea Project, Qiddiya, and Amaala, is contributing as one of the significant drivers in the energy storage industry of Saudi Arabia. This is largely attributed to the fact that these projects are designed to operate in 100% renewable energy or low-carbon energy, which necessitates the integration of energy storage systems (ESS) to ensure a continuous, efficient, and stable power supply. As per the estimates and strategic energy plans released by ENOWA and Public Investment Fund, NEOM is deploying over 600 MWh of BESS and is expected to require between 5–10 GWh of battery energy storage capacity by 2030. Such large-scale projects have accelerated the investment flows, strategic partnerships, and the development of local production of energy storage manufacturing capabilities, thereby fueling the overall growth & expansion of the Energy Storage Market of Saudi Arabia.
Saudi Arabia Energy Storage Market Opportunity:
Rising Shift Towards Grid Modernization & Decentralization – The country’s efforts to modernize and decentralize the grid offer substantial opportunities for the energy storage market in Saudi Arabia. This is largely attributed to the upgradation of power infrastructure from a centralized, fossil-fuel-dependent grid to a more resilient, flexible, and digitally managed network, in alignment with the objectives of Vision 2030, which makes energy storage systems an essential component for this transition.
Government bodies such as the Saudi Electricity Company (SEC) and the Saudi Power Procurement Company (SPPC) are leveraging pilot trials and tender processes to integrate energy storage systems into their core operations. For instance, in 2025, as a part of the National Renewable Energy Program (NREP), Saudi Electricity Company (SEC) launched phase 2 of Battery Energy Storage Systems, including five large-scale BESS projects across key regions such as Riyadh, Al-Qaisumah, Al-Jouf, Al-Dawadmi, and Rabigh. Similarly, in 2024, the Saudi Power Procurement Company (SPPC) announced the first phase of its Battery Energy Storage System programme, targeting 2 GW / 8 GWh via four 500 MW projects, designed for continuous 4 hours of operations, along with a broader plan to reach up to 10 GW of storage capacity by 2030. Thus, the rising shift towards grid modernization and decentralization shows a growth potential for the market players of the Saudi energy storage industry.
Saudi Arabia Energy Storage Market Challenge:
Supply Chain Disruptions Hindering Market Growth – Limited supply chain poses a significant challenge for the smooth growth & progression of the energy storage industry of Saudi Arabia. The lack of manufacturing facilities for crucial components like lithium-ion cells, inverters, and battery management systems (BMS) creates a lot of problems for the market players in this industry. Also, the energy storage market in Saudi Arabia is still in its early stages, and the supporting network of trained professionals and local suppliers is underdeveloped. As a result, the country relies heavily on imports or international suppliers, with approximately 80% of key components sourced from China. This high dependency not only leads to longer sourcing periods but also contributes to around 15-20% fluctuations in logistics cost, due to customs duties, VAT, and certification processes. Therefore, all these factors are working as barriers to the growth & expansion of the energy storage market in the Kingdom.
Saudi Arabia Energy Storage Market Trend:
Technological Innovations in Battery Chemistries – The rising shift towards climate-resilient, non-lithium-ion battery chemistries has been emerging as one of the key trends in Saudi Arabia’s Energy Storage Industry. This is driven by the harsh climatic conditions of the country and the growing demand for stable & long-duration storage to support the country’s sustainability and renewable energy goals. Unlike traditional lithium-ion batteries, which are less suitable for the high-temperature environment of Saudi Arabia as they require extensive cooling systems, non-lithium chemistries, like vanadium flow and sodium-metal-chloride batteries, are more reliable in extreme hot weather conditions with no risk of fire and fast erosion.
Moreover, several companies such as Aramco & Rongke Power of China, LiNa Energy of the UK, ACWA Power of Saudi Arabia, and VoltStorage of Germany, etc., are driving technological innovation in Saudi Arabia’s energy storage systems. For instance, in 2025, Aramco inaugurated Saudi Arabia’s first iron-vanadium (Fe/V) flow battery at Wa’ad Al‑Shamal. Therefore, this strategic shift in the advancement of technology is changing the market landscape positively and is anticipated to augment the size & volume of the industry during the forecasted period.
Saudi Arabia Energy Storage Market (2026-30): Segmentation Analysis
The Saudi Arabia Energy Storage Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2026–2030 at the national level. Based on the analysis, the market has been further classified as:
Based on End-User:
- Utilities/Power Producers
- Commercial & Industrial
- Residential
- Renewable Energy Developers
- Government/Public Sector
- Others
Among all, the industrial & commercial segment holds the largest market share, accounting for approximately 60% in the Saudi Arabian Energy Storage Industry. This is attributed to the high energy consumption, need for reliable and cost-effective power solutions, and the growing adoption of on-site renewable energy systems. Many industries and commercial spaces, like factories, data centers, and others, are increasingly generating their own electricity by installing rooftop solar and hybrid power systems, aiming to enhance renewable energy adoption and reduce grid dependency. More than 300 MW of solar capacity has been installed in the industrial & commercial sites of the country, and is expected to reach 420 MW by 2030. For instance, Alfanar Industrial with 4 MW of solar capacity, Cenomi Centers with 52 MW of solar capacity across multiple shopping complexes, and Universal Cold Stores with 1 MW of solar capacity, etc., are the leading industrial and commercial entities of Saudi Arabia that have installed on-site rooftop solar power systems. Therefore, the increasing installation of rooftop solar systems with a motive to store renewable energy is fueling the overall growth & expansion of the Saudi Energy Storage Market.
Based on Ownership Model:
- Third-Party Owned
- Utility-Owned
- Customer-Owned
Out of all these, the utility-owned ownership model holds the largest market share of around 50% in Saudi Arabia’s Energy Storage Industry. This dominance is largely influenced by the large-scale renewable integration goals under Vision 2030. Government-backed utilities such as the Saudi Electricity Company (SEC) and ACWA Power are leading the deployment of grid-scale energy storage systems to support peak load management, frequency regulation, and renewable energy smoothing. These projects mainly include significant capital investment and complex infrastructure, which are more convenient for utilities with strong funding and operational backups. Furthermore, utility-owned systems are strategically incorporated into national energy infrastructure, which helps in ensuring operational reliability and scalability, thereby making the utility-owned model the most prominent one, accelerating the revenue growth market.
Top Saudi Arabia Energy Storage Market Companies: Players, Analysis & Future Outlook
The leading energy storage players in the Saudi Arabia Industry include ACWA Power, NEOM (ENOWA Energy/NEOM Green Hydrogen), Saudi Electricity Company (SEC), Vision Invest, Desert Technologies, Alfanar Energy, Tesla, Inc., Huawei Digital Power / Sungrow Power Supply, ABB Saudi Arabia, Leclanché SA (Middle East), and Others.
Gain a Competitive Edge with Our Saudi Arabia Energy Storage Market Report
- Saudi Arabia Energy Storage Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
- This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
- Saudi Arabia Energy Storage Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations
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Frequently Asked Questions
- Market Segmentation
- Introduction
- Product Definition
- Research Process
- Assumptions
- Executive Summary
- Saudi Arabia Energy Storage Market Policies, Regulations, and Product Standards
- Saudi Arabia Energy Storage Market Supply Chain Analysis
- Saudi Arabia Energy Storage Market Trends & Developments
- Saudi Arabia Energy Storage Market Dynamics
- Growth Drivers
- Challenges
- Saudi Arabia Energy Storage Market Hotspot & Opportunities
- Saudi Arabia Energy Storage Market Outlook, 2025–2030
- Market Size & Outlook
- By Revenues (USD Million)
- By Volume (Million Units)
- Market Share & Outlook
- By Technology Type
- Lithium-Ion Batteries – Market Size & Forecast 2025–2030, USD Million & Million Units
- Flow Batteries – Market Size & Forecast 2025–2030, USD Million & Million Units
- Lead-Acid Batteries – Market Size & Forecast 2025–2030, USD Million & Million Units
- Sodium-Based Batteries – Market Size & Forecast 2025–2030, USD Million & Million Units
- Flywheel Energy Storage – Market Size & Forecast 2025–2030, USD Million & Million Units
- Compressed Air Energy Storage (CAES) – Market Size & Forecast 2025–2030, USD Million & Million Units
- Pumped Hydro Storage – Market Size & Forecast 2025–2030, USD Million & Million Units
- Hydrogen Energy Storage – Market Size & Forecast 2025–2030, USD Million & Million Units
- Thermal Energy Storage – Market Size & Forecast 2025–2030, USD Million & Million Units
- Others (Supercapacitors, Hybrid, etc.) – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Application
- Grid-Scale Energy Storage – Market Size & Forecast 2025–2030, USD Million & Million Units
- Renewables Integration (Solar, Wind) – Market Size & Forecast 2025–2030, USD Million & Million Units
- Ancillary Services (Frequency Regulation, Spinning Reserve) – Market Size & Forecast 2025–2030, USD Million & Million Units
- Transmission & Distribution Support – Market Size & Forecast 2025–2030, USD Million & Million Units
- Microgrid & Off-grid Storage – Market Size & Forecast 2025–2030, USD Million & Million Units
- EV Charging Infrastructure – Market Size & Forecast 2025–2030, USD Million & Million Units
- Commercial & Industrial (C&I) Storage – Market Size & Forecast 2025–2030, USD Million & Million Units
- Residential Storage – Market Size & Forecast 2025–2030, USD Million & Million Units
- Others – Market Size & Forecast 2025–2030, USD Million & Million Units
- By End-User
- Utilities/Power Producers – Market Size & Forecast 2025–2030, USD Million & Million Units
- Commercial & Industrial (Manufacturing, Data Centers, etc.) – Market Size & Forecast 2025–2030, USD Million & Million Units
- Residential – Market Size & Forecast 2025–2030, USD Million & Million Units
- Renewable Energy Developers – Market Size & Forecast 2025–2030, USD Million & Million Units
- Government/Public Sector – Market Size & Forecast 2025–2030, USD Million & Million Units
- Others – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Ownership Model
- Third-Party Owned – Market Size & Forecast 2025–2030, USD Million & Million Units
- Utility-Owned – Market Size & Forecast 2025–2030, USD Million & Million Units
- Customer-Owned (Distributed) – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Distribution Channel
- Direct Sales – Market Size & Forecast 2025–2030, USD Million & Million Units
- Distributors/Installers/Integrators – Market Size & Forecast 2025–2030, USD Million & Million Units
- E-Commerce/Online – Market Size & Forecast 2025–2030, USD Million & Million Units
- System Integrators/EPCs – Market Size & Forecast 2025–2030, USD Million & Million Units
- Others – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Region
- Riyadh Region (Riyadh, Diriyah, Al-Kharj)
- Makkah Region (Jeddah, Mecca)
- Eastern Province (Dammam, Khobar, Dhahran)
- Madinah Region
- Qassim Region
- Asir Region
- Tabuk Region
- Northern Borders, Hail, Jazan, Najran, Al-Baha, Al-Jouf
- By Technology Type
- Market Size & Outlook
- By Company
- Company Revenue Shares
- Competitor Characteristics
- Saudi Arabia Lithium-Ion Energy Storage Market Outlook, 2025–2030
- Market Size & Outlook
- By Revenues (USD Million)
- By Volume (Million Units)
- Market Share & Outlook
- By Application – Market Size & Forecast 2025–2030, USD Million & Million Units
- By End-User – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Ownership Model – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Distribution Channel – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Region – Market Size & Forecast 2025–2030, USD Million & Million Units
- Market Size & Outlook
- Saudi Arabia Flow Battery Energy Storage Market Outlook, 2025–2030
- Market Size & Outlook
- By Revenues (USD Million)
- By Volume (Million Units)
- Market Share & Outlook
- By Application – Market Size & Forecast 2025–2030, USD Million & Million Units
- By End-User – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Ownership Model – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Distribution Channel – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Region – Market Size & Forecast 2025–2030, USD Million & Million Units
- Market Size & Outlook
- Saudi Arabia Lead-Acid Batteries Energy Storage Market Outlook, 2025–2030
- Market Size & Outlook
- By Revenues (USD Million)
- By Volume (Million Units)
- Market Share & Outlook
- By Application – Market Size & Forecast 2025–2030, USD Million & Million Units
- By End-User – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Ownership Model – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Distribution Channel – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Region – Market Size & Forecast 2025–2030, USD Million & Million Units
- Market Size & Outlook
- Saudi Arabia Sodium-Based Batteries Energy Storage Market Outlook, 2025–2030
- Market Size & Outlook
- By Revenues (USD Million)
- By Volume (Million Units)
- Market Share & Outlook
- By Application – Market Size & Forecast 2025–2030, USD Million & Million Units
- By End-User – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Ownership Model – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Distribution Channel – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Region – Market Size & Forecast 2025–2030, USD Million & Million Units
- Market Size & Outlook
- Saudi Arabia Flywheel Energy Storage Energy Storage Market Outlook, 2025–2030
- Market Size & Outlook
- By Revenues (USD Million)
- By Volume (Million Units)
- Market Share & Outlook
- By Application – Market Size & Forecast 2025–2030, USD Million & Million Units
- By End-User – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Ownership Model – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Distribution Channel – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Region – Market Size & Forecast 2025–2030, USD Million & Million Units
- Market Size & Outlook
- Saudi Arabia Compressed Air Energy Storage Market Outlook, 2025–2030
- Market Size & Outlook
- By Revenues (USD Million)
- By Volume (Million Units)
- Market Share & Outlook
- By Application – Market Size & Forecast 2025–2030, USD Million & Million Units
- By End-User – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Ownership Model – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Distribution Channel – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Region – Market Size & Forecast 2025–2030, USD Million & Million Units
- Market Size & Outlook
- Saudi Arabia Pumped Hydro Energy Storage Market Outlook, 2025–2030
- Market Size & Outlook
- By Revenues (USD Million)
- By Volume (Million Units)
- Market Share & Outlook
- By Application – Market Size & Forecast 2025–2030, USD Million & Million Units
- By End-User – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Ownership Model – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Distribution Channel – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Region – Market Size & Forecast 2025–2030, USD Million & Million Units
- Market Size & Outlook
- Saudi Arabia Hydrogen Energy Storage Market Outlook, 2025–2030
- Market Size & Outlook
- By Revenues (USD Million)
- By Volume (Million Units)
- Market Share & Outlook
- By Application – Market Size & Forecast 2025–2030, USD Million & Million Units
- By End-User – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Ownership Model – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Distribution Channel – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Region – Market Size & Forecast 2025–2030, USD Million & Million Units
- Market Size & Outlook
- Saudi Arabia Thermal Energy Storage Market Outlook, 2025–2030
- Market Size & Outlook
- By Revenues (USD Million)
- By Volume (Million Units)
- Market Share & Outlook
- By Application – Market Size & Forecast 2025–2030, USD Million & Million Units
- By End-User – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Ownership Model – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Distribution Channel – Market Size & Forecast 2025–2030, USD Million & Million Units
- By Region – Market Size & Forecast 2025–2030, USD Million & Million Units
- Market Size & Outlook
- Saudi Arabia Energy Storage Market Key Strategic Imperatives for Success & Growth
- Competition Outlook
- Company Profiles
- ACWA Power
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- NEOM (ENOWA Energy/NEOM Green Hydrogen)
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Saudi Electricity Company (SEC)
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Vision Invest (formerly ACWA Holding)
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Desert Technologies
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Alfanar Energy
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Tesla, Inc. (regional activities and projects)
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Huawei Digital Power / Sungrow Power Supply
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- ABB Saudi Arabia
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Leclanché SA (Middle East)
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Others
- ACWA Power
- Company Profiles
- Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.
3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making








