MarkNtel Advisors analyses the growth rate of the UAE Electric Vehicle Charging Infrastructure market in the forecast period from 2024 to 2030. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the UAE Electric Vehicle Charging Infrastructure market, helping them make informed decisions.
Market Outlook – 2024-2030:
The UAE Electric Vehicle Charging Infrastructure Market size is valued at around USD 360.37 million in 2024 and is projected to grow at a CAGR of around 14.28% during the forecast period, i.e., 2024-30. The market growth is attributed to the soaring investment by the government of the UAE to deploy charging infrastructures across the nation to support the transition toward sustainable transportation. This was done by the UAE government’s targets to reduce carbon emissions through expatriates' adoption of EVs.
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Key Company Profiles
This report explores recent significant developments in the UAE Electric Vehicle Charging Infrastructure Market, focusing on the leading companies and their innovative profiles. The major players in the UAE Electric Vehicle Charging Infrastructure Market, featured in this report, include:
- 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
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Market Segmentation & Coverage
This research report by MarkNtel Advisors categorizes the UAE Electric Vehicle Charging Infrastructure Market to forecast revenues and analyse trends across each of the following sub-markets:
- By 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.
- 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
- By Region
- Dubai
- Abu Dhabi & Al Ain
- Sharjah & Northern Emirates
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What are the primary factors driving the growth of the UAE Electric Vehicle Charging Infrastructure Market?
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.
Key Questions Addressed:
- Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
- Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
- Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
- Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
- Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?
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