중동의 재생에너지 시장 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the Middle East renewable energy market size in terms of installed base is projected to expand from 49.26 gigawatt in 2025 and 54.85 gigawatt in 2026 to 102.40 gigawatt by 2031, registering a CAGR of 13.30% between 2026 to 2031.

This report is Segmented by Technology (Solar Energy, Wind Energy, Hydropower, Bioenergy, Geothermal, and Ocean Energy), End-User (Utilities, Commercial and Industrial, and Residential), and Geography (United Arab Emirates, Saudi Arabia, Oman, Iran, Israel, Jordan, Qatar, Kuwait, Bahrain, and Rest of Middle East). The Market Sizes and Forecasts are Provided in Terms of Installed Capacity (GW).

Middle East Renewable Energy Market Trends and Insights

Ambitious 2030-2050 National Renewable-Energy Targets

Binding clean-energy objectives are redirecting public spending, fast-tracking tenders, and crowding out new thermal capacity. Saudi Arabia must add 18 GW annually to hit its 130 GW 2030 goal, a pace that dwarfs its 2024 base. The UAE's 50% clean-power mandate funnels sovereign capital into public-private partnerships that de-risk early-stage development. Qatar and Kuwait have set smaller but symbolic quotas that broaden the regional procurement funnel. Targets anchor pipeline visibility, yet slippage in grid upgrades or land acquisition can delay follow-on investments in hydrogen and desalination, exposing financiers to cascading project-timeline risk.

Rapid Solar-PV and Wind LCOE Decline

Photovoltaic and onshore-wind tariffs now undercut gas-fired generation, making renewables the default choice for greenfield capacity. Regional solar LCOE averaged USD 37 per MWh in 2025 and is on track to hit USD 17 by 2060. Saudi Arabia's Dawadmi wind bid at 1.34 cents per kWh erased the economic rationale for new thermal plants. Module oversupply, bifacial-panel efficiency gains, and tracker optimization have sliced balance-of-system costs by 22% since 2024. While utilities secure 25-year PPAs at sub-2-cent tariffs, equipment makers face thinner margins, forcing a pivot toward next-generation technologies and service revenues.

Persistent Fossil-Fuel Power Subsidies

Gulf retail tariffs as low as USD 0.048 / kWh undercut rooftop-solar economics and slow distributed adoption. A 1% subsidy rollback correlates with a 10.61% jump in renewable generation, yet political sensitivities push reforms to 2027 and beyond in Kuwait and Qatar. Two-tier markets emerge where subsidized households stick with grid power while utility-scale solar flourishes under competitive tenders. The gap limits addressable demand for residential installers and defers mass-market battery uptake.

Other drivers and restraints analyzed in the detailed report include:

1. Green-Hydrogen Export Mega-Projects Pipeline
2. Off-Grid Hybrid Microgrids for Desert Tourism & Mining
3. Limited Grid Interconnection & Storage Capacity

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Solar Energy held 54.51% of the Middle East renewable energy market in 2025 and is advancing at an 18.56% CAGR through 2031. This outsized share reflects irradiance levels above 2,200 kWh/m2 in Saudi Arabia and the UAE, rapid module cost declines, and supportive tender frameworks. Concentrated-solar-power plants such as Dubai's 950 MW Noor Energy 1 add 5,907 MWh of molten-salt storage, providing evening dispatch that photovoltaics alone cannot match. Wind installations cluster along Saudi Arabia's northern highlands and Oman's coasts, where capacity factors top 40%. Hydropower and bioenergy remain marginal due to resource limitations, while geothermal and ocean technologies sit at the pilot stage.

Aggressive procurement favors high-performance hardware. First Solar shipped 1.8 GW of cadmium-telluride panels prized for high-temperature resilience, whereas JinkoSolar delivered 3.1 GW of bifacial Tiger Neo modules that capitalize on ground-albedo gains. Siemens Gamesa and Vestas are vying to supply 1.5 GW of turbines for Saudi Arabia's Dawadmi project. The Middle East renewable energy market size for wind could swell if forthcoming Red Sea offshore studies confirm 45%-plus capacity factors, yet solar will remain the anchor technology through 2031.

Complete Report Scope:

• By Technology
  • Solar Energy (PV and CSP)
  • Wind Energy (Onshore and Offshore)
  • Hydropower (Small, Large, PSH)
  • Bioenergy
  • Geothermal
  • Ocean Energy (Tidal and Wave)
• By End-User
  • Utilities
  • Commercial and Industrial
  • Residential
• By Geography
  • United Arab Emirates
  • Saudi Arabia
  • Oman
  • Iran
  • Israel
  • Jordan
  • Qatar
  • Kuwait
  • Bahrain
  • Rest of Middle East

List of Companies Covered in this Report:

1. ACWA Power
2. Masdar (Abu Dhabi Future Energy Co.)
3. EDF Renewables
4. Yellow Door Energy
5. JinkoSolar
6. First Solar
7. Siemens Gamesa
8. GE Renewable Energy
9. Vestas
10. Engie
11. TotalEnergies Renewables
12. Enel Green Power
13. Scatec Solar
14. Abengoa
15. Canadian Solar
16. Siraj Power
17. MASE
18. Enerwhere Sustainable Energy
19. Akuo Energy
20. ACWA Power Barka SAOG
21. Solarwind ME

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions & Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Ambitious 2030-2050 national renewable-energy targets
  • 4.2.2 Rapid solar-PV and wind LCOE decline
  • 4.2.3 Abundant solar irradiance & wind corridors
  • 4.2.4 Green-hydrogen export mega-projects pipeline
  • 4.2.5 Off-grid hybrid micro-grids for desert tourism & mining
• 4.3 Market Restraints
  • 4.3.1 Persistent fossil-fuel power subsidies
  • 4.3.2 Limited grid interconnection & storage capacity
  • 4.3.3 Desert soiling & water-usage challenges for PV
• 4.4 Supply-Chain Analysis
• 4.5 Regulatory Outlook
• 4.6 Technological Outlook
• 4.7 Porter's Five Forces Analysis
  • 4.7.1 Bargaining Power of Suppliers
  • 4.7.2 Bargaining Power of Buyers
  • 4.7.3 Threat of New Entrants
  • 4.7.4 Threat of Substitutes
  • 4.7.5 Intensity of Competitive Rivalry

5 Market Size & Growth Forecasts

• 5.1 By Technology
  • 5.1.1 Solar Energy (PV and CSP)
  • 5.1.2 Wind Energy (Onshore and Offshore)
  • 5.1.3 Hydropower (Small, Large, PSH)
  • 5.1.4 Bioenergy
  • 5.1.5 Geothermal
  • 5.1.6 Ocean Energy (Tidal and Wave)
• 5.2 By End-User
  • 5.2.1 Utilities
  • 5.2.2 Commercial and Industrial
  • 5.2.3 Residential
• 5.3 By Geography
  • 5.3.1 United Arab Emirates
  • 5.3.2 Saudi Arabia
  • 5.3.3 Oman
  • 5.3.4 Iran
  • 5.3.5 Israel
  • 5.3.6 Jordan
  • 5.3.7 Qatar
  • 5.3.8 Kuwait
  • 5.3.9 Bahrain
  • 5.3.10 Rest of Middle East

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves (M&A, JVs, Funding, PPAs)
• 6.3 Market Share Analysis (Market Rank/Share for key companies)
• 6.4 Company Profiles (includes Global-level Overview, Market-level Overview, Core Segments, Financials, Strategic Information, Products & Services, Recent Developments)
  • 6.4.1 ACWA Power
  • 6.4.2 Masdar (Abu Dhabi Future Energy Co.)
  • 6.4.3 EDF Renewables
  • 6.4.4 Yellow Door Energy
  • 6.4.5 JinkoSolar
  • 6.4.6 First Solar
  • 6.4.7 Siemens Gamesa
  • 6.4.8 GE Renewable Energy
  • 6.4.9 Vestas
  • 6.4.10 Engie
  • 6.4.11 TotalEnergies Renewables
  • 6.4.12 Enel Green Power
  • 6.4.13 Scatec Solar
  • 6.4.14 Abengoa
  • 6.4.15 Canadian Solar
  • 6.4.16 Siraj Power
  • 6.4.17 MASE
  • 6.4.18 Enerwhere Sustainable Energy
  • 6.4.19 Akuo Energy
  • 6.4.20 ACWA Power Barka SAOG
  • 6.4.21 Solarwind ME

7 Market Opportunities & Future Outlook

• 7.1 White-space & Unmet-need Assessment