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Saudi Arabia Energy Efficiency Retrofits Market Trends, Forecast Report 2026–2034
Saudi Arabia Energy Efficiency Retrofits Market Overview
Market Size in 2025: USD 1,190.57 Million
Market Size in 2034: USD 2,120.55 Million
Market Growth Rate 2026-2034: 6.62%
According to IMARC Group's latest research publication, "Saudi Arabia Energy Efficiency Retrofits Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2026-2034", The Saudi Arabia energy efficiency retrofits market size was valued at USD 1,190.57 Million in 2025. Looking forward, IMARC Group estimates the market to reach USD 2,120.55 Million by 2034, exhibiting a CAGR of 6.62% during 2026-2034.
How AI is Reshaping the Future of Saudi Arabia Energy Efficiency Retrofits Market
- AI-powered energy management systems optimize retrofit performance by analyzing real-time building data and automatically adjusting HVAC, lighting, and equipment settings to maximize efficiency.
- Machine learning algorithms predict optimal retrofit strategies by processing historical energy patterns, building characteristics, and occupancy data to recommend cost-effective upgrade pathways.
- AI-driven predictive maintenance identifies equipment inefficiencies before system failures occur, reducing downtime and extending the lifespan of retrofitted building systems across Saudi facilities.
- Intelligent building management platforms integrate AI with IoT sensors to continuously monitor post-retrofit performance, ensuring sustained energy savings and immediate detection of performance degradation.
- AI-enabled digital twins simulate retrofit outcomes before implementation, allowing facility managers to evaluate multiple upgrade scenarios and select solutions delivering maximum energy and cost savings.
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How Vision 2030 is Transforming Saudi Arabia Energy Efficiency Retrofits Industry
Saudi Arabia's Vision 2030 is fundamentally transforming the energy efficiency retrofits industry by establishing sustainability and energy conservation as national imperatives. The initiative drives systematic modernization of government buildings, healthcare facilities, educational institutions, and infrastructure through ambitious programs led by Tarshid and the Saudi Energy Efficiency Center. Vision 2030 promotes comprehensive retrofit solutions including advanced HVAC systems, LED lighting upgrades, building envelope improvements, and smart control technologies across the Kingdom. The framework encourages public-private partnerships, attracts international expertise, and supports local capacity building while mandating stringent energy performance standards through the Saudi Building Code. Ultimately, Vision 2030 positions energy efficiency retrofits as essential infrastructure investment, accelerating market growth and establishing Saudi Arabia as a regional leader in sustainable building transformation.
Saudi Arabia Energy Efficiency Retrofits Market Trends & Drivers:
Saudi Arabia's energy efficiency retrofits market is experiencing substantial growth, driven by extreme climatic conditions requiring year-round cooling and the government's commitment to reducing national energy consumption. The market benefits from Tarshid's aggressive retrofit program targeting public buildings, hospitals, educational facilities, and transportation infrastructure, with investment pipelines exceeding SAR 1.8 billion. Government initiatives mandate energy performance improvements across existing building stock, while the Saudi Building Code and Mostadam rating system enforce stringent efficiency standards for renovations and upgrades.
The expansion is further accelerated by rising electricity costs and operational expenses motivating building owners to implement cost-saving retrofit measures. Institutional and commercial sectors increasingly recognize long-term financial benefits of efficiency upgrades, particularly as utility tariffs reflect true energy costs. Additionally, Saudi Arabia's commitment to achieving net-zero emissions by 2060 and generating 50% renewable electricity by 2030 creates regulatory pressure and financial incentives for comprehensive building retrofits. The growing availability of specialized energy service companies (ESCOs), advanced retrofit technologies, and performance-based financing models further enables widespread adoption across residential, commercial, and institutional segments throughout the Kingdom.
Saudi Arabia Energy Efficiency Retrofits Market Industry Segmentation:
The report has segmented the market into the following categories:
Product Insights:
- Envelope
- HVAC
- LED Lighting
- Appliances
Application Insights:
- Residential
- Single-Family
- 2+ Unit Building
- Mobile Home
- Commercial
- Food Sales & Service
- Lodging
- Mercantile
- Office Buildings
- Public Assembly
- Warehouse/Storage
- Others
- Institutional
- Education
- Healthcare
- Public Order & Safety
- Worship Buildings
Breakup by Region:
- Northern and Central Region
- Western Region
- Eastern Region
- Southern Region
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Recent News and Developments in Saudi Arabia Energy Efficiency Retrofits Market
- January 2025: Tarshid launched an energy efficiency project at Irada Mental Health Hospital in Al-Qurayyat, covering facilities across the hospital campus with comprehensive upgrades to control systems, air conditioning, and lighting, targeting enhanced performance and reduced consumption aligned with international standards.
- February 2025: Tarshid partnered with King Abdulaziz Specialist Hospital to launch a large-scale retrofitting project in Al-Jouf, encompassing buildings with advanced energy-saving measures aligned with global standards to optimize consumption and reduce environmental impact across hospital operations.
- July 2025: Tarshid launched an energy efficiency retrofit project at the Technical College in Hail, covering buildings and implementing upgrades to HVAC, lighting, and control systems to reduce electricity usage and support Saudi Arabia's sustainability goals through enhanced efficiency.
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by imarcshubham on 2025-12-10 05:24:21
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