Saudi Arabia's advanced battery market is forecast to grow from USD 0.8 billion in 2026 to USD 1.5 billion by 2031, a compound annual growth rate of 13.4%, according to a ResearchAndMarkets.com report added to its offering on Sept. 24, 2026. Vision 2030, the National Renewable Energy Programme, renewable-energy investment, electric-vehicle adoption, industrial electrification and battery-manufacturing localisation are identified as the main growth drivers. Battery energy storage systems (large batteries that balance electricity supply and demand) are becoming a major market as Saudi Arabia targets renewable sources for 50% of its electricity by 2030. BYD Energy Storage agreed in early 2025 to deploy 15.1 GWh across five grid-connected sites with Saudi Electricity Company, while Hithium secured a contract worth more than USD 362 million to supply 4 GWh for projects in Tabuk and Hail. The report says these agreements mark a shift toward large-scale commercial deployment. Lithium-ion batteries are expected to remain the leading technology, with lithium iron phosphate gaining importance in utility storage because of its thermal stability and cycle life. Flow batteries are attracting interest for long-duration storage, while solid-state and sodium-ion technologies remain at an early commercial stage. Energy storage systems are projected to be the largest and fastest-growing application by value, while electric-vehicle, industrial and stationary battery demand also expands. Imported lithium, cobalt and nickel remain supply-chain constraints, prompting mining initiatives, industrial incentives and localisation efforts such as the Hithium-MANAT joint venture's planned 5 GWh battery energy storage factory. The report covers market data from 2021 to 2025 and forecasts from 2026 to 2031, including technologies, capacities, materials, applications, sales channels, customer segments, competitive positioning, regulations, supply chains and company strategies.