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.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 375.30 Million |
Market Forecast in 2033 | USD 471.12 Million |
Market Growth Rate 2025-2033 | 2.30% |
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.
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:
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:
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:
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 |
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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:
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Reactor Types Covered | Pressurized Water Reactor (PWR), Pressurized Heavy Water Reactor (PHWR), Boiling Water Reactor (BWR), Light Water Graphite Reactor (LWGR), Gas-Cooled Reactor (GCR), Others |
Equipment Types Covered | Island Equipment, Auxiliary Equipment |
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: