June 2022 | UAE News
- The UAE EV Charging Equipment Market is
anticipated to grow at a CAGR of 35.5% during the forecast period
FY’21-FY’26.
- Government support and incentives are expected
to give a boost to numerous entities that facilitate EV Charging Equipment
manufacturing in the country.
- Dubai has defined a target of having 10%
electric or hybrid vehicles on its roads by 2030. The motive behind this
target is green economy as the Government of UAE intends to enhance the
R&D.
High
Disposable Income:
UAE is the second largest
automotive market in the Gulf Cooperation Council (GCC) after Saudi Arabia
owing to the growing population and high disposable income. With fast economic
growth and rapid urbanization in UAE, it is projected that more people will
acquire a personal vehicle for mobility. The transportation sector is one of
the most significant contributors to CO2 emissions in UAE, second to the
industrial sector.
Rapid Future
Growth:
UAE Electric
Vehicle Charging Equipment Market is expected
to grow at a CAGR of 35.5% during 2021 and 2026. Also UAE Electric Vehicle
Market size is estimated to grow at a CAGR of 36.7% during 2021-2026.
25% of the people in UAE are
waiting for more EV options to be launched. One of their key initiatives is
under the Dubai Autonomous Transportation Strategy, which aims to transform 25%
of the transportation in Dubai to autonomous mode by 2030.
Focus on
Clean Energy:
Adoption of clean energy
strategies by the country as a part of UAE’s vision 2030 and focus on achieving
net zero emissions by 2050 would also stimulate the market growth in the years
to come.
A six-year plan seeks to raise
the proportion of hybrid and electric taxis in the fleet from the existing 50%
to 80% by 2025 and achieve the ultimate target of 100% by 2027.
The Smart Dubai initiative
adopted by the government focusing on the conversion of the country into a
smart city by the year 2030 is further expected to boost the UAE electric
vehicle charging infrastructure market Share.
Investment
from Government:
Further, an investment of around
USD 163.3 Billion has been passed by the government for the development of
smart cities in the country and the government is continuously working towards
turning the transport industry fully electric by the year 2030.
Due to high government budgets
and high quality of public services provided by local as well as national
governments in the UAE, there is a huge opportunity for companies to create and
operate EV charging services in the long run, a process which is currently
being spearheaded by the Dubai Electricity and Water Authority (DEWA), but will
soon open to other private companies.
The publication titled ‘UAE Electric Vehicle Charging Equipment Market
Outlook to 2026: Driven by government support and incentives with the
increasing focus to achieve green and sustainable economy’ covers the
overview of EV Charging Equipment Industry by analyzing historical EV Charging
statistics and corresponding change in Middle Affluent Class in UAE. Charging
Equipment Industry is expected to grow at a CAGR of 35.5%during 2021 and 2026.
The report also focuses on UAE EV
Charging Equipment Industry segmentation by Type of Charging, Type of Chargers,
Type of Vehicle, Type of Geography, and By Sales Channels. The EV Charging
section of the report concludes with projections for the future of the industry
included forecasted total EV Charging Equipment revenue by 2026, and analysts’
take on the future highlighting major opportunities.
Key Segments
Covered in UAE EV Charging Equipment Industry
- EV Charging Market Size by
- Revenue
- Revenue through new car sales
- Revenue through demand of chargers by type of
charging stations
- UAE EV Charging Equipment Industry By
- Type of Chargers- AC and DC chargers
- Type of Charging- Home Charging, Private
Charging, and Public Charging
- Type of Vehicle- 2W and 4W
- Geographic Demand- Dubai, Abu Dhabi, Sharjah,
Fujairah, Ajman, Umm Al Quwain, Ras Al Khaimah
- Sales Channels- Direct Sales, Online, and
Dealers/ Distributors
- Domestic Manufacture and Import
- Product Analysis
- 4W Chargers
- Pricing Analysis
- 4W Chargers pricing
- 2W Chargers pricing
Request for Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTYyNzkz
- Key Target Audience
- Electricity Supplier
- EV Manufacturers
- EV Charging Equipment Manufacturers
- EV Charging System Operator
- Demand side Transport Operators
- Government Bodies
- Time Period Captured in the Report:
- Historical Period: 2017-2021
- Forecast Period: 2022-2026F
- EV Charging Equipment Players in UAE
- ABB
- Schneider Electric
- Siemens
- Yinlong Energy
- Eaton UAE
- Grizzl E
- Elecvlife
Key Topics
Covered in the Report
·
Electric
Vehicle Charging vehicle Companies in UAE
·
Overview of
EV Market and EV Charging Equipment Market in UAE
·
Ecosystem of
EV Charging Equipment Market in UAE
·
Market Size
of EV Charging Equipment Market in UAE (Total EV Charging Equipment Revenue)
·
UAE EV
Charging Equipment Market Segmentation (By Type of Charging, Type of Chargers,
Type of Vehicle, Type of Geography, By Sales Channels)
·
Cross
comparison of top players in the EV Charging Equipment Market in UAE
·
Company
Profiles of EV Charger Manufacturers (Overview, Products, Business Streams,
Manufacturing Capabilities, Distribution Channels, Recent Projects, Cost
Structure, and Awards and Recognitions)
·
Growth
Drivers and Challenges to UAE EV Charging Equipment Industry
·
Industry
trends and developments
·
SWOT
Analysis of EV Market
·
Porters Five
Forces of the EV Industry in UAE
·
Rules and
Regulations by Government Bodies
·
Future
Outlook of Industry
·
Case Study
(DEWA, EESL, Alfen)
Related
Reports
Contact Us:-
Ken
Research
Ankur
Gupta, Head Marketing & Communications
