Saudi Arabia Nuclear Power Equipment Market

Saudi Arabia Nuclear Power Equipment Market Overview:

The Saudi Arabia nuclear power equipment market size reached USD 375.30 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 471.12 Million by ​2033​, exhibiting a growth rate (CAGR) of 2.30% during ​2025-2033​. The market is expanding due to increasing investments in nuclear energy projects and strategic partnerships with global technology providers. Similarly, government initiatives to diversify energy sources and boost local manufacturing significantly enhance Saudi Arabia nuclear power equipment market share across the energy sector.

Saudi Arabia Nuclear Power Equipment Market Trends:

Strategic Expansion of Nuclear Energy Infrastructure

Saudi Arabia has placed strong emphasis on developing a comprehensive nuclear energy infrastructure to support its long-term energy and economic objectives. Recognizing the limitations of relying heavily on fossil fuels, the Kingdom aims to diversify its energy portfolio to ensure sustainability and energy security. Moreover, the strategic expansion of nuclear capabilities is seen as essential not only for meeting growing domestic electricity demand but also for positioning Saudi Arabia as a future exporter of nuclear energy products. Developing and integrating advanced nuclear power equipment within this framework is critical to maintaining efficiency, safety, and competitiveness in the energy sector. For instance, in January 2025, Saudi Arabia publicly announced plans to harness its substantial uranium reserves, estimated to account for between 1% and 4% of the world’s supply, to advance its nuclear energy ambitions. This program aimed to increase domestic energy production and establish the Kingdom as a leading exporter of nuclear energy. Furthermore, this approach aligned with the broader goal of economic diversification by supporting new industries and driving Saudi Arabia nuclear power equipment market growth.

Global Partnerships Driving Technological Advancement

International collaboration has emerged as a key for of growth in Saudi Arabia’s nuclear power equipment segment. Additionally, the Kingdom benefits from access to advanced reactor designs by partnering with leading global nuclear technology providers, enhanced safety protocols, and comprehensive waste management solutions. Besides, these partnerships accelerate technology transfer and build local expertise and capacity, enabling Saudi Arabia to develop a strong, self-sustaining nuclear industry. This collaborative approach supports the Kingdom’s broader Vision 2030 goals, encouraging innovation and job creation in high-tech sectors. In April 2025, Saudi Arabia strengthened its nuclear development efforts through partnerships with global leaders, including Russia’s Rosatom, China, and South Korea. These collaborations focused on the construction of cutting-edge nuclear reactors, including High-Temperature Gas-Cooled Reactors (HTGRs) and SMART reactors, as well as establishing effective nuclear waste management systems. The involvement of these international firms helped to advance the Kingdom’s nuclear power equipment market by improving infrastructure and expertise.

Saudi Arabia Nuclear Power Equipment Market Segmentation:

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 reactor type and equipment type.

Reactor Type Insights:

• Pressurized Water Reactor (PWR)
• Pressurized Heavy Water Reactor (PHWR)
• Boiling Water Reactor (BWR)
• Light Water Graphite Reactor (LWGR)
• Gas-Cooled Reactor (GCR)
• Others 

The report has provided a detailed breakup and analysis of the market based on the reactor type. This includes pressurized water reactor (PWR), pressurized heavy water reactor (PHWR), boiling water reactor (BWR), light water graphite reactor (LWGR), gas-cooled reactor (GCR), and others.

Equipment Type Insights:

• Island Equipment
• Auxiliary Equipment 

The report has provided a detailed breakup and analysis of the market based on the equipment type. This includes island equipment and auxiliary equipment.

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 Nuclear Power Equipment Market News:

• April 2025: The US approved preliminary cooperation with Saudi Arabia on nuclear technology, including a potential 123 Agreement. This development marked a strategic shift, boosting Saudi Arabia’s nuclear power equipment market by enabling access to advanced US technology, fostering industry growth and regional energy diversification.
• March 2025: Siemens Energy was selected by Rolls-Royce to support a small modular nuclear reactor project in Saudi Arabia. This collaboration advanced the Kingdom’s nuclear power equipment sector, boosting technology transfer, local expertise, and market confidence, thereby accelerating nuclear energy adoption and infrastructure development.

Saudi Arabia Nuclear Power Equipment Market Report Coverage:

Key Questions Answered in This Report:

• How has the Saudi Arabia nuclear power equipment market performed so far and how will it perform in the coming years?
• What is the breakup of the Saudi Arabia nuclear power equipment market on the basis of reactor type?
• What is the breakup of the Saudi Arabia nuclear power equipment market on the basis of equipment type?
• What is the breakup of the Saudi Arabia nuclear power equipment market on the basis of region?
• What are the various stages in the value chain of the Saudi Arabia nuclear power equipment market? 
• What are the key driving factors and challenges in the Saudi Arabia nuclear power equipment market?
• What is the structure of the Saudi Arabia nuclear power equipment market and who are the key players?
• What is the degree of competition in the Saudi Arabia nuclear power equipment 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 nuclear power equipment market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Saudi Arabia nuclear power equipment 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 nuclear power equipment 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.