UAE Electric Vehicle Charging Equipment Market Size and Research 2022, CAGR Status, Growth Analysis, Key Manufacturer and Strategies till 2026: Ken Research



UAE EV Charging Equipment Market Revenue

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. The report covers various aspects including EV Charging Equipment industry market size on the basis of total revenue generated from the charging equipment. Furthermore, the report provides a comprehensive insight on industry trends & developments, issues and challenges, ecosystem, value chain analysis, SWOT Analysis, rules & regulations, growth levers of industry; comparison of top EV Charging Equipment Manufacturers on the basis of Overview, Products, Business Streams, Manufacturing Capabilities, Distribution Channels, Recent Projects, Cost Structure, and Awards and Recognitions. 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.

Overview of Electric Vehicle Industry in UAE:

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. The demand for vehicles in the country mainly originates from the construction, infrastructure, logistics, tourism, and public transport sectors have turned the emirate into a major exporter and re-exporter of vehicles. The transportation sector is one of the most significant contributors to CO2 emissions in UAE, second to the industrial sector. Incentives offered by the government, banks, and car dealers, has also led to the growth in the UAE’s imports of EVs and increased environmental awareness among citizens.  The Battery Electric Vehicles sales grew at a CAGR of ~49% during 2017 and 2021.

Electric Vehicle Manufacturers in UAE

UAE Electric Vehicle Charging Equipment Market Overview:

The EV Charging Equipment market grew at a CAGR of ~42% during 2017 to 2021, witnessing a growth rate of ~63% in 2021 from 2020. The UAE electric vehicle charging market is driven by increasing efforts of the government to reduce the carbon footprint in the country. Dubai emirates lead the country with a maximum number of charging stations installed to date and several plans further implementing towards the development of electric mobility. The manufacturers are focusing more on the development of new technologies such as stand-alone parking, lithium-ion batteries, wireless charging, & ultra-fast DC charging networks to improve Electric Vehicle adoption.

Competitive Landscape in UAE EV Charging Market

Currently, the competition in the EV Charging Space in UAE is monopolistic in nature, with the Dubai Electricity and Water Authority (DEWA) spearheading the installation and operation of EV Charging infrastructure in Dubai, which has the majority of EV chargers in the UAE. Although it has not been explicitly conveyed that the private sector would take the lead in operating EV charging infrastructure once it becomes commercially viable through large scale EV adoption, it is expected to do so due to past observed patterns in this sector in multiple countries. Competition is expected to increase in the coming years due to the aforementioned reasons.

Drivers and Impediments to growth:

The cost of purchasing an EV is reducing every year due to scaling up of existing technology through efficient production, which is having a cascading effect on the development of EV Charging Infrastructure throughout the world. The relatively small size of the country would automatically reduce range anxiety for most citizens, as most cities and towns would be easily covered by almost all EV’s in a single charge. One of the problems preventing the commercialization of EV’s is the high purchase costs, which is a significant factor in developing and underdeveloped countries. Since the UAE has a per capita income comparable to developed countries, the effects of the aforementioned problem are mitigated to a large extent. The UAE electric vehicle charging market is driven by increasing efforts of the government to reduce the carbon footprint in the country.

UAE EV Charging Market Future Outlook:

The strength of EVs on UAE roads is increasing, and eventually, it will knit electricity and transportation sectors. 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. 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. 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, which is  expected to grow at a CAGR of ~35% from 2022 to 2026.

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

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  • UAE EV Charging Equipment Segmentation 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
  • 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

  • Overview of EV Market and EV Charging Equipment Market in UAE
  • Ecosystem of EV Charging Equipment Market in UAE
  • 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
  • SWOT Analysis of EV Market
  • Porters Five Forces of the EV Industry in UAE
  • Rules and Regulations by Government Bodies
  • EV Market Case Study (DEWA, EESL, Alfen)

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The post UAE Electric Vehicle Charging Equipment Market Size and Research 2022, CAGR Status, Growth Analysis, Key Manufacturer and Strategies till 2026: Ken Research appeared first on Ken Research.





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