Saudi Arabia Gas Turbine Market Size is Expected to Reach USD 336.5 Million By 2033 | CAGR: 3.70%

Saudi Arabia Gas Turbine Market Overview

Market Size in 2024: USD 234.0 Million

Market Size in 2033: USD 336.5 Million

Market Growth Rate 2025-2033: 3.70%

According to IMARC Group's latest research publication, "Saudi Arabia Gas Turbine Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The Saudi Arabia gas turbine market size was valued at USD 234.0 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 336.5 Million by 2033, exhibiting a CAGR of 3.70% during 2025-2033.

How AI is Reshaping the Future of Saudi Arabia Gas Turbine Market

● Optimizing Turbine Performance: AI-driven predictive analytics are enhancing gas turbine efficiency by monitoring real-time performance data, reducing maintenance costs by up to 20% and extending equipment lifespan significantly.

● Enabling Smart Grid Integration: AI algorithms are facilitating seamless integration of gas turbines with renewable energy sources, supporting hybrid power systems that balance grid stability with Saudi Arabia's 50% renewable energy target by 2030.

● Advancing Hydrogen-Ready Technology: AI is accelerating the development of hydrogen-capable gas turbines, with advanced combustion control systems enabling the transition to clean fuel sources while maintaining operational efficiency.

● Enhancing Maintenance Scheduling: Machine learning algorithms are revolutionizing maintenance practices through predictive maintenance systems, reducing unplanned downtime and optimizing turbine availability for peak demand periods.

● Supporting Digital Twin Technology: AI-powered digital twins are enabling virtual testing and optimization of gas turbine operations, allowing operators to simulate various scenarios and optimize performance before implementation in actual power plants.

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Saudi Arabia Gas Turbine Market Trends & Drivers:

● Saudi Arabia's gas turbine market is experiencing steady growth driven by Vision 2030's energy diversification goals and the Kingdom's commitment to achieving net-zero emissions by 2060. With fossil fuels currently providing 99% of electricity generation and emissions at 8.9 tCO2 per capita-nearly five times the global average-the government is strategically investing in efficient gas turbine technologies to support the transition. The Saudi Power Procurement Company (SPPC) is targeting approximately 42 GW of new CCS-ready Combined Cycle Gas Turbine (CCGT) capacity by 2030, with 6 GW planned for tender in 2025. This massive infrastructure investment, combined with the goal to achieve 50% renewable energy by 2030, is creating substantial opportunities for advanced gas turbine solutions that can provide grid stability and backup power for intermittent renewable sources.

● The shift toward hybrid energy systems is revolutionizing Saudi Arabia's power generation landscape, with gas turbines playing a crucial role as flexible backup solutions for renewable energy integration. Major projects like NEOM and initiatives under the Saudi Green Initiative, which encompasses USD 188 billion in investments across 86 projects, are driving demand for hybrid power solutions. The program aims to eliminate 278 million tons of CO2 emissions annually while maintaining energy security through reliable gas turbine backup systems. Manufacturers are responding by developing hydrogen-ready turbines and synthetic fuel-capable systems, positioning the Kingdom as a leader in clean energy transition while ensuring grid reliability during the renewable energy ramp-up phase.

● Industrial growth and increasing electricity demand are fueling market expansion, particularly in the oil and gas sector where cogeneration plants are becoming increasingly popular. Saudi Aramco's strategic expansion projects, including partnerships with international companies for advanced refining and petrochemical operations, are driving demand for efficient gas turbine solutions. The Kingdom's focus on localizing manufacturing capabilities, exemplified by Mitsubishi Power's assembly center in Dammam, aligns with Vision 2030's localization targets while reducing dependency on imports. Combined with rising industrial activity and population growth, these factors are creating sustained demand for gas turbines across power generation, mobility, and industrial applications throughout the Kingdom.

Saudi Arabia Gas Turbine Industry Segmentation:

The report has segmented the market into the following categories:

Technology Insights:

● Combined Cycle Gas Turbine
● Open Cycle Gas Turbine

Design Type Insights:

● Heavy Duty (Frame) Type
● Aeroderivative Type

Rated Capacity Insights:

● Above 300 MW
● 120-300 MW
● 40-120 MW
● Less Than 40 MW

End User Insights:

● Power Generation
● Mobility
● Oil and Gas
● Others

Breakup by Region:

● Northern and Central Region
● Western Region
● Eastern Region
● Southern Region

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Recent News and Developments in Saudi Arabia Gas Turbine Market

August 2024: Mitsubishi Power secured a landmark gas turbine order for a 475 MW hydrogen-ready cogeneration power plant to support Saudi Aramco Total Refining and Petrochemical Company (SATORP) Strategic Expansion, marking the first heavy-duty gas turbine to be assembled locally in Dammam.

October 2024: Saudi Arabia announced plans to tender 6 GW of CCGT+CCS (Carbon Capture and Storage) plants in 2025, as part of its ambitious target to deploy 42 GW of CCS-ready CCGT capacity by 2030 under Vision 2030 energy transition goals.

March 2025: GE Vernova and Saudi Electricity Company (SEC) completed the first Saudi-led gas turbine maintenance project, demonstrating the Kingdom's growing capabilities in local turbine servicing and supporting Vision 2030's localization objectives for the energy sector.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

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