UAE Electric Vehicle Charging Equipment Market Growing at CAGR

EV landscape in the UAE

The electric vehicle market in the United Arab Emirates is currently in its infancy and has seen some growth over the period 2017-2021 thanks to the electric vehicle (EV) green charger initiative undertaken by the Government of the United Arab Emirates United. There has been an increased and integrated use of battery electric vehicles from the industrial perspective of operations.

Various initiatives and programs across the UAE are encouraging these shifts towards green mobility as the transport sector plays a vital role in reducing the carbon footprint. Incentives offered by the government, banks and car dealerships have also led to the growth of imports of electric vehicles from the UAE and increased environmental awareness among citizens. Around 29% of UAE residents would consider buying an electric vehicle to help reduce emissions. A similar percentage think electric vehicles offer much better value for money in the long run than conventional cars running on petrol or diesel.

Future Analysis of Electric Vehicle Charging Equipment Industry in UAE

Currently, competition in the electric vehicle charging space in the UAE is monopolistic in nature, with the Dubai Electricity and Water Authority (DEWA) spearheading the installation and operation of the charging infrastructure. EV charging in Dubai, which has the majority of EV chargers in the UAE. Although it was not explicitly stated that the private sector would take the initiative to operate the EV charging infrastructure once it becomes commercially viable through large-scale adoption of EVs, it is is expected to do so because of the trends observed in this sector in several countries. Competition is expected to increase in the coming years for the reasons mentioned above.

For more details @ https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/uae-electric-vehicle-Charging-equipment-market/562793-100.html

Government initiatives

The “Green Charger” initiative launched by the Dubai Electricity and Water Authority to provide charging stations for electric vehicles in various parts of Dubai supports the emirate’s efforts to provide innovative and environmentally friendly solutions through its contribution to reducing carbon emissions from the transport sector and supporting the Dubai 2030 green mobility strategy.

Consequently, the popularity of electric vehicles in the UAE has increased significantly. Incentives offered by the government, banks and car dealerships have also led to the growth of imports of electric vehicles from the UAE and increased environmental awareness among citizens. As part of Dubai Electricity and Water Authority (DEWA) efforts to promote green and sustainable mobility in Dubai, over 325 Green Charger stations with over 530 charging points have been installed in Dubai so far.

The publication titled ‘UAE Electric Vehicle Charging Equipment Market Outlook to 2026: Driven by Government Support and Incentives with the Growing Focus to Achieve a Green and Sustainable Economy’ covers the view of EV charging equipment industry overview by analyzing the EV charging historical statistics and the corresponding changes in the middle Affluent class in UAE. The charging equipment industry grew at a CAGR of 41.9% in 2017 and 2021.

The report also focuses on UAE Electric Vehicle Charging Equipment industry segmentation by Charging Type, Chargers Type, Vehicle Type, Geography Type and by Sales Channels. The EV Charging section of the report concludes with projections for the future of the industry, including projected total EV charging equipment revenue by 2026, and analysts’ view of the future highlighting the main opportunities.

Key segments covered in the UAE Electric Vehicle Charging Equipment industry

Electric Vehicle Charging Market Size by
Revenue
Revenue from new car sales
Revenue by demand for chargers by type of charging stations
Electric vehicle charging equipment industry in United Arab Emirates
Type of Chargers – AC and DC Chargers
Charging type – home charging, private charging and public charging
Vehicle type – 2W and 4W
Geographic Demand – Dubai, Abu Dhabi, Sharjah, Fujairah, Ajman, Umm Al Quwain, Ras Al Khaimah
Sales Channels – Direct Sales, Online Sales and Resellers/Distributors
Domestic manufacture and import
Product analysis
4W chargers
Price analysis
4W Charger Prices
2W Charger Prices
Key target audience
Electricity supplier
Electric vehicle manufacturers
Manufacturers of charging equipment for electric vehicles
EV Charging System Operator
Demand-side transport operators
Government agencies

Free Sample Report Request @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTYyNzkz

Period entered in the report:
Historical period: 2017-2021
Forecast period: 2022-2026F
Electric Vehicle Charging Equipment Players in UAE
ABB
Schneider-Electric
Siemens
Yin Long Energy
Eaton UAE
Grizzly E
Elecvlife
Main topics covered in the report

Overview of the electric vehicle market and electric vehicle charging equipment market in the UAE
UAE Electric Vehicle Charging Equipment Market Ecosystem
UAE Electric Vehicle Charging Equipment Market Size (Total Electric Vehicle Charging Equipment Revenue)
UAE Electric Vehicle Charging Equipment Market Segmentation (By Charging Type, Chargers Type, Vehicle Type, Geography Type, By Sales Channels)
Cross-comparison of UAE Electric Vehicle Charging Equipment Market Key Players
Electric Vehicle Charger Manufacturers Company Profiles (Overview, Products, Industry Segments, Manufacturing Capabilities, Distribution Channels, Recent Projects, Cost Structure, and Awards & Honors)
Growth factors and challenges for the electric vehicle charging equipment industry in the UAE
Electric Vehicle Market SWOT Analysis
Porters Five Forces of Electric Vehicle Industry in UAE
Rules and regulations of government agencies
Case Study (DEWA, ​​EESL, Alfen)

Related Reports
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/india-ev-Charging-equipment-market-outlook-to-fy-2026/504386-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/indonesia-electric-vehicle-Charging-equipment-market/516942-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/Charging-station-electric/317336-100.html

Contact us:-
Ken Research
Ankur Gupta, Marketing and Communications Manager
[email protected]
+91-9015378249

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana – 122001, India

Ken Research is a research-based management consulting firm. We provide strategic advice to help clients on critical business insights: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers and acquisitions, and sustainability across all industries and geographies. We provide business intelligence services and operational advice in over 300 verticals highlighting disruptive technologies, emerging business models with analysis of precedents and success case studies. Some of the best consulting firms and market leaders seek our intelligence to identify new revenue streams, customer/vendor paradigm and pain points and competitive due diligence.

This press release was published on openPR.

About Tammy N. McFarlane

Check Also

Enterprise Asset Management (EAM) Space Market 2022

Enterprise Asset Management (EAM) Space Market Size and Forecast (2022-2028) The study examines in detail …