UAE Electric Vehicle Charging Infrastructure Market 2023-2028: Share, Size, Industry Analysis, Growth Drivers, Innovation, and Future Outlook

General

MarkNtel Advisors recently released a research report focusing on the UAE Electric Vehicle Charging Infrastructure Market for the forecast period of 2023-28. This approach enhances user understanding and supports well-informed decision-making. The report comprehensively addresses significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges using qualitative and quantitative data. To familiarize established businesses and newcomers with the present market scenario, the report offers detailed growth prospects for the industry and concise insights into competitors.

UAE Electric Vehicle Charging Infrastructure Market Insight and Analysis:

The UAE Electric Vehicle Charging Infrastructure market is projected to grow at a CAGR of around 14.28% during the forecast period, i.e., 2023-28.

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UAE Electric Vehicle Charging Infrastructure Industry Segmentation:

By Type of Charging Point

-AC Charger

-DC Charger

-Others (Wireless Charging, etc.)

By Charger Type

-Wall Mounted

-Pedestal Mounted

-Roof Mounted

By Connector Type

-CHAdeMo

-CCS

-Others (Tesla Supercharger, Type 2, etc.)

By Installation Type

-Fixed

-Portable

By Vehicle Type

-Two-Wheelers

-Passenger Cars

-Commercial Vehicles

-Light Commercial Vehicles

-Medium & Heavy Commercial Vehicles

By Location

-Residential

-Commercial

By Power Output

-0-50kW

-51-150kW

-More than 150kW

UAE Electric Vehicle Charging Infrastructure Market (2023-28): Segmentation Analysis

The UAE Electric Vehicle Charging Infrastructure Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2023–2028 at the global, regional, and national levels. Based on the analysis, the market has been further classified as:

Based on the Type of Charging Point:

  • AC Charger
  • DC Charger
  • Others (Wireless Charging, etc.)

The DC Adapter gained a considerable share in the UAE Electric Vehicle Charging Infrastructure market historically & the same trend is anticipated to continue in the forecast years as well. The surging initiatives made by the UAE government to deploy fast charging infrastructure for EVs are one of the key factors augmenting the sales of DC chargers in the country.

Moreover, the growing initiatives of the UAE government to drive the sales of electric vehicles in the country by offering various incentives such as a grant of up to USD 21,780, access to dedicated parking spots, etc., are further anticipated to propel the sales of EVs in the country. Thus, with the surging sales, the need to deploy fast charging infrastructure suited for both passenger and commercial EVs is expected to heighten the demand for DC-based chargers, hence supporting the revenue growth of the market in the years ahead.

Based on Power Output:

  • 0-50kW
  • 50-150kW
  • More than 150kW

Here, the 50-150kW power output is expected to gain substantial revenue growth in the forecast years due to its ability to charge electric vehicles quickly. The 50-150kW charging stations can typically provide a full charge for an electric vehicle in less than an hour, making them a convenient option for EV drivers who are on the go & need to charge their vehicles quickly. Additionally, many commercial EVs such as buses, delivery vans, and trucks require higher power charging infrastructure due to their larger battery size & higher energy consumption, thereby, making the 50-150kW charging stations a more attractive option for drivers.

Moreover, as the government of the UAE is actively taking initiatives to boost the deployment of electric buses in the country, the need for 50-150kW charging stations is anticipated to rise enormously. For instance, the Abu Dhabi Department of Transport has set a target of having 50% of its public buses run on clean energy sources, including electric & hybrid technologies by 2023. Thus, with the surging initiatives to deploy more EVs for commercial purposes, more public chargers are expected to be launched in the upcoming years, which would result in a significant demand for 50-150KW power output charging infrastructure in the coming years as well. 

 Geographical overview:

-Dubai

-Abu Dhabi & Al Ain

-Sharjah & Northern Emirates.

The UAE Electric Vehicle Charging Infrastructure Market Trend:

Government Initiatives to Boost the EV Charging Infrastructure of the Country – The UAE government has been launching initiatives to promote the usage of electric vehicles (EVs) & develop the charging infrastructure. The government is implementing such measures to reduce its carbon footprint, promote the use of cleaner fuels, economic diversification (such as in Abu Dhabi Economic Vision 2030), and reduce air pollution in the country.

The government has also been providing financial incentives to those purchasing EVs, such as reduced registration fees & lower customs duties. These incentives have helped to boost the adoption of EVs in the country, which, in turn, has created more demand for charging infrastructure. These initiatives of the UAE government have widely promoted the revenue growth of the market in the UAE. In addition, the rising focus of the UAE government to boost FDI in the automotive manufacturing of EVs to enhance the supply of EVs in the country is expected to further boost the demand during the forecast period.

Top Leading key players of UAE Electric Vehicle Charging Infrastructure Market

A thorough examination of the competitive landscape of the market involves a comprehensive analysis of its key competitors. This analysis delves deep into each company’s profile, financial achievements, market presence, potential, Research and Development (R&D) expenditures, recent strategic initiatives in the market, footprint, strengths, weaknesses, and market dominance. The information provided offers a comprehensive overview of the leading market players, including 

-Orbix International LLC

-V Charge Trading LLC

-GreenParking (Future Link L.L.C.)

-ABB Limited

-Art of Energi

-Regeny

-Powertech Electrical Trading LLC

-eMagine

-Efacec

-Siemens LLC

-Catec

-Others.

The UAE Electric Vehicle Charging Infrastructure Market report addresses the following concern:

  1. The UAE Electric Vehicle Charging Infrastructure Market report explores the influence of key trends on market share within the primary segments.
  2. What are the leading market trends that propel the expansion of the UAE Electric Vehicle Charging Infrastructure market?
  3. What are the projected CAGR, market size, and growth rate for the UAE Electric Vehicle Charging Infrastructure Market in the upcoming years?
  4. What are the key players in the UAE Electric Vehicle Charging Infrastructure market, and what strategies are they implementing?
  5. What factors, such as industry trends, drivers, and challenges, are contributing to the growth of the UAE Electric Vehicle Charging Infrastructure market?

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