Forecast: Share of Renewable Energy and Nuclear Energy Use in Saudi Arabia

Renewable and nuclear energy use in Saudi Arabia has seen a gradual increase from 2013 to 2023. In 2023, the value stood at 7.0e-05. Year-on-year growth has shown slight variations, ranging from a decline of approximately 10% in 2014 to consistent growth averaging around 5% in recent years. The CAGR over the last five years averaged 5.02%, indicating steady progress in energy diversification efforts.

Forecast data suggests that from 2024 to 2028, renewable and nuclear energy use will continue to grow, albeit at a slower pace. The forecasted average yearly growth (CAGR) is 2.83%, with an overall increase of nearly 15% by 2028.

Future trends to watch:

• Technological advancements in renewable energy and nuclear power
• Government policies and incentives for clean energy adoption
• Global energy market dynamics and their impact on Saudi energy strategies