Saudi Arabia Grid Energy Storage Market 2033

Saudi Arabia Grid Energy Storage Market Size, Share, Trends and Forecast by Battery Chemistry, Ownership, Application, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A36136

Saudi Arabia Grid Energy Storage Market Overview:

The Saudi Arabia grid energy storage market size reached USD 117.90 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,142.75 Million by 2033, exhibiting a growth rate (CAGR) of 25.50% during 2025-2033. The market is driven by rising renewable energy integration, grid modernization initiatives, energy diversification goals under Vision 2030, and increased investments in smart grid technologies. These factors are significantly shaping the demand, positively impacting the Saudi Arabia grid energy storage market share.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 117.90 Million
Market Forecast in 2033	USD 1,142.75 Million
Market Growth Rate 2025-2033	25.50%

Saudi Arabia Grid Energy Storage Market Trends:

Development of Energy Storage Regulatory Frameworks

The Saudi government is actively formulating regulatory frameworks and incentives to attract investment and innovation in grid energy storage technologies. Establishing clear policies for energy storage integration, ownership models, and grid access is fostering confidence among stakeholders and unlocking new business models. For instance, in February 20245, Saudi Arabia reinforced its global battery storage position by commissioning the 500 MW/2,000 MWh Bisha BESS project, using 122 units from BYD. With 15.1 GWh of total capacity through ongoing collaborations, the nation aims to reach 8 GWh by 2025 and 22 GWh by 2026. Moreover, new guidelines for storage participation in electricity markets are being developed to ensure fair compensation for grid services such as frequency regulation and peak shaving. These advancements are poised to bolster investor interest and technological deployment, further propelling Saudi Arabia grid energy storage market growth.

Rise of Utility-Scale Battery Storage Projects

The Saudi Arabia grid energy storage market is witnessing a surge in utility-scale battery storage projects, driven by the nation’s ambition to install large-scale renewable capacity and improve grid flexibility. For instance, in April 2025, Saudi Arabia launched a major 2.5GW/10GWh grid-scale battery energy storage project across five regions, supporting its Vision 2030 renewable energy goals. With a total investment of over 6.73 billion SAR, this is among the world’s largest storage projects. It will enhance grid flexibility, reduce costs, and stabilize renewable integration. Saudi Arabia targets 48GWh of energy storage by 2030 and is attracting global industry leaders. Besides this, these installations are being integrated with smart grid platforms for real-time performance monitoring and predictive maintenance. The Kingdom’s transmission and distribution operators are increasingly adopting storage for peak load management, grid congestion relief, and enhanced energy resilience in remote areas. As storage technology costs decline and performance improves, this trend will significantly contribute to Saudi Arabia grid energy storage market growth.

Saudi Arabia Grid Energy Storage Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country/regional levels for 2025-2033. Our report has categorized the market based on battery chemistry, ownership, and application.

Battery Chemistry Insights:

Lead-Acid
Sodium-Based
Redox Flow
Lithium-ion
Others

The report has provided a detailed breakup and analysis of the market based on the battery chemistry. This includes lead-acid, sodium-based, redox flow, lithium-ion, and others.

Ownership Insights:

Third-party Owned
Utility Owned

A detailed breakup and analysis of the market based on the ownership have also been provided in the report. This includes third-party owned and utility owned.

Application Insights:

Renewables
Peak Shifting
Ancillary Services
Backup Power
Others

The report has provided a detailed breakup and analysis of the market based on the application. This includes renewables, peak shifting, ancillary services, backup power, and others.

Regional Insights:

Northern and Central Region
Western Region
Eastern Region
Southern Region

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.

Competitive Landscape:

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.

Saudi Arabia Grid Energy Storage Market News:

In April 2025, Sungrow and BYD advanced major battery energy storage system (BESS) projects in Saudi Arabia and Chile, totaling 16GWh. In Saudi Arabia, Sungrow partnered with EPC firm Algihaz Holding to deliver 7.8GWh of BESS within just 58 days across three projects. Meanwhile, BYD will supply 3.5GWh to Chile's Oasis de Atacama project, the largest purchase by developer Grenergy. These projects mark a significant leap in global grid-scale storage expansion, enhancing the Saudi Arabia grid energy storage market share and regional energy resilience.
In February 2025, BYD and Saudi Electricity Company (SEC) signed a record-breaking 12.5GWh grid-scale battery energy storage deal, the largest globally. This initiative, aligned with Saudi Vision 2030, aims to support 50% renewable energy integration by stabilizing the grid and managing intermittent power. BYD’s advanced MC Cube-T ESS technology will be used across five deployment sites.

Saudi Arabia Grid Energy Storage Market Report Coverage:

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: Battery Chemistry Ownership Application Region
Battery Chemistries Covered	Lead-Acid, Sodium-Based, Redox Flow, Lithium-Ion, Others
Ownerships Covered	Third-Party Owned, Utility Owned
Applications Covered	Renewables, Peak Shifting, Ancillary Services, Backup Power, 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:

How has the Saudi Arabia grid energy storage market performed so far and how will it perform in the coming years?
What is the breakup of the Saudi Arabia grid energy storage market on the basis of battery chemistry?
What is the breakup of the Saudi Arabia grid energy storage market on the basis of ownership?
What is the breakup of the Saudi Arabia grid energy storage market on the basis of application?
What is the breakup of the Saudi Arabia grid energy storage market on the basis of region?
What are the various stages in the value chain of the Saudi Arabia grid energy storage market?
What are the key driving factors and challenges in the Saudi Arabia grid energy storage market?
What is the structure of the Saudi Arabia grid energy storage market and who are the key players?
What is the degree of competition in the Saudi Arabia grid energy storage market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Saudi Arabia grid energy storage market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Saudi Arabia grid energy storage market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Saudi Arabia grid energy storage industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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