The Saudi Arabia biomass market size reached USD 857.16 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,609.01 Million by 2033, exhibiting a growth rate (CAGR) of 6.50% during 2025-2033. The market is expanding due to increasing government support for renewable energy, driven by Vision 2030's sustainability goals. With growing demand for clean energy solutions, Saudi Arabia biomass market share is set to rise, fueled by new technologies and strategic investments in bioenergy projects.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 857.16 Million |
Market Forecast in 2033 | USD 1,609.01 Million |
Market Growth Rate 2025-2033 | 6.50% |
Growing Demand for Renewable Energy Solutions
The Saudi biomass market is experiencing a growing need for renewable energy solutions, fueled by the country's vision to diversify its energy sources and minimize oil dependence. As part of Vision 2030, the country has ambitious targets to increase its renewable energy capacity, including biomass as a central element. Biomass energy offers a renewable solution for electricity production, heating, and transportation fuels, adding to the total energy mix. The government is eager to pursue alternative sources of energy, given Saudi Arabia's huge agricultural and organic waste resources. Biomass energy reduces environmental pollution by utilizing waste materials to produce clean energy. This is in line with Saudi Arabia's wider environmental objectives of minimizing carbon emissions and promoting green energy production. There has been a recent development in waste-to-energy technologies, where new projects are being announced for bioenergy facilities. The technology is expected to harness agricultural residues and municipal solid waste to be used in the generation of power, contributing further to the market's potential for growth. Biomass energy is also responsible for generating employment opportunities in the power sector, further improving the general economic sustainability of the nation.
Government Support for Biomass Initiatives
The government of Saudi Arabia is actively promoting the development of the biomass market with policy initiatives and economic incentives. In its plan for the development of renewable energy, the government has issued different regulations that support the use of clean energy technologies, such as biomass. This robust regulatory system promotes investor confidence and sets the stage for greater public-private collaborations in the industry. Further, subsidies on bioenergy schemes and preferential funding arrangements have been introduced to reduce entry costs for firms that intend to invest in biomass technology. With growing interest in green energy, biomass-based power generation projects have gained pace in Saudi Arabia. Government priority for sustainably meeting energy requirements, as well as the rise in infrastructure development for biomass projects, continues to drive market expansion. Increased collaboration between Saudi Arabia and international actors and the rise in knowledge transfer and technology uptake in the bioenergy segment also support the Saudi Arabia biomass market growth.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional level for 2025-2033. Our report has categorized the market based on feedstock and application.
Feedstock Insights:
The report has provided a detailed breakup and analysis of the market based on the feedstock. This includes agriculture waste, wood and woody residue, solid municipal waste, and others.
Application Insights:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes power generation, heating, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern and Central Region, Western Region, Eastern Region, and Southern Region.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
Feedstocks Covered | Agriculture Waste, Wood and Woody Residue, Solid Municipal Waste, Others |
Applications Covered | Power Generation, Heating, Others |
Regions Covered | Northern and Central Region, Western Region, Eastern Region, Southern Region |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: