Saudi Arabia Plant Maintenance Market revenue size is projected to grow at a CAGR of 6.8% during 2025-2031

Oil & Gas segment by Industry held the highest revenue share in Saudi Arabia Plant Maintenance Market -6Wresearch

In 2024, the oil & gas segment held the largest size of the Saudi Arabia plant maintenance market due to its critical role in the national economy. The sector's vast infrastructure, including refineries and petrochemical plants, demands regular maintenance to ensure operational efficiency and safety. Additionally, government investments and high production levels further drove maintenance needs.

The petrochemicals segment ranked second in 2024 due to its large-scale, capital-intensive infrastructure and continuous production cycles requiring regular maintenance. Growth in downstream diversification and integration projects also drove increased maintenance demand.

According to 6Wresearch, Saudi Arabia Plant Maintenance Market revenue size is projected to grow at a CAGR of 6.8% during 2025-2031F. Between 2021 and 2024, Saudi Arabia's plant maintenance market saw significant growth, driven by the digital transformation of key industries such as oil and gas, petrochemicals, utilities, and manufacturing. Government initiatives, notably the “Made in Saudi” program launched in 2021 under the National Industrial Development and Logistics Program (NIDLP), played a critical role in boosting local production and supporting SMEs. By August 2023, Saudi Arabia’s industrial sector had seen substantial growth, leading to a greater need for maintenance services to uphold operational efficiency, ensure safety, and maximize asset longevity. In 2025, major energy projects, such as Siemens Energy’s for Rumah 2 and Nairyah 2 gas plants with maintenance agreements, and Orascom Construction’s, boosted demand for advanced maintenance solutions in Saudi Arabia.

In the coming years, the market is expected to maintain its upward trajectory, fueled by Saudi Arabia's Vision 2030, which focuses on economic diversification and large-scale infrastructure development. The Kingdom’s ambitious hydrogen production targets would significantly drive demand for specialized maintenance in the energy sector, particularly in equipment and pipeline maintenance. Additionally, the National Industrial Strategy aims for a growth in manufacturing output by 2030 and the establishment of industrial and manufacturing facilities by 2035, further expanding the market by increasing the need for turnaround and shutdown services, as well as corrosion and integrity management. Furthermore, PIF-backed projects such as ROSHN, NEOM, and the Qiddiya Project, along with other infrastructure ventures, would fuel the demand for comprehensive maintenance services across various sectors across Saudi Arabia in coming years. Furthermore, initiatives such as the Future Factories Program and the establishment of "Alat" by the Public Investment Fund are fostering the adoption of smart manufacturing technologies, increasing the complexity and maintenance needs of industrial equipment. These strategic moves, coupled with the ongoing implementation of Vision 2030 projects, are expected to sustain the growth trajectory of the plant maintenance market in the coming years.

According to Bhawna, Assistant Research Manager, 6Wresearch, Equipment maintenance held the largest share of the Saudi Arabia plant maintenance market in 2024, driven by the critical need for continuous operational efficiency across key sectors such as petrochemicals, power generation, and manufacturing. Routine maintenance ensures machinery reliability, reduces downtime, and extends asset life, with growing adoption of predictive maintenance technologies further boosting demand.

Additionally, turnaround & shutdown services captured the second-largest share, essential for sectors such as oil & gas and petrochemicals, which rely on scheduled shutdowns for repairs and upgrades. Ongoing large-scale infrastructure projects and plant expansions in Saudi Arabia have increased the demand for these specialized services.

Saudi Arabia Plant Maintenance Market (2025-2031) report provides an in-depth analysis with 19 figures and 9 tables, covered in 81 pages. The report thoroughly covers market by type, industry, and region. Saudi Arabia Plant Maintenance Market outlook report provides an unbiased and detailed analysis of the on-going Saudi Arabia Plant Maintenance Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.