Kenya Electric Vehicle Charging Infrastructure Market Shipment Analysis
Kenya Electric Vehicle Charging Infrastructure Market registered a growth of 34.17% in value shipments in 2021 as compared to 2020 and a decrease of -1.04% CAGR in 2021 over a period of 2017. In Electric Vehicle Charging Infrastructure Market Kenya is becoming more competitive as the HHI index in 2021 was 2336 while in 2017 it was 2343. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Kenya has reportedly relied more on imports to meet its growing demand in Electric Vehicle Charging Infrastructure Market. India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Electric Vehicle Charging Infrastructure Market in 2021 was 20.02 while in 2017 it was 19.58. China, India, South Africa, USA and Slovakia were among the top players of the market in 2021, where China acquired the largest market share of 44.83% with a shipment value of 47.14 million USD in 2022 China also offered the product below the average market price thus having a competitive advantage over others In 2017 China had the largest market share of 42.67% with the shipment value of 35.23 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As China price is lower than the average price, it provided a significant edge among other competitor in 2017.
The Kenya electric vehicle charging infrastructure market is anticipated to register moderate growth over the coming years. The country has come up with various initiatives and action plans to promote the number of electric vehicles by providing various offers and subsidies along with tax redemptions to encourage people the to adopt electric vehicles, which would simultaneously raise the demand for electric vehicle charging infrastructure market in Kenya. Moreover, an increase in FDI and government spending coupled with rising environmental awareness are the other driving factors for the electric vehicle charging infrastructure market growth during the forecast period.
According to 6Wresearch, Kenya Electric Vehicle Charging Infrastructure Market size is anticipated to register growth during 2020-2026. Several private organizations and the government have tied hands together to transform the country’s transportation system into electric mobility, which would drive the electric vehicle charging infrastructure market growth in Kenya during the forecast period. Under the Kenya Vision 2030, the government’s aim to accelerate growth providing a high quality of life to all its citizens by 2030 in a clean and secure environment complementing the EV charging infrastructure market in the country. However, the growth is anticipated to slow down during the first half of 2020-2021 due to coronavirus pandemic but likely to get back on track with normal business operations and economic recovery during the second half.
By types, the DC charger segment is anticipated to generate the maximum revenue in the overall Kenya electric vehicle charging infrastructure market during the forecast owing to the fast charging process of DC chargers, which would be a more convenient means for people to fuel up their vehicles.
The Kenya electric vehicle charging infrastructure market report thoroughly covers the market by types and applications. The Kenya electric vehicle charging infrastructure market outlook report provides an unbiased and detailed analysis of the ongoing Kenya electric vehicle charging infrastructure market trends, Kenya electric vehicle charging infrastructure market share, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Kenya electric vehicle charging infrastructure market is projected to find its true potential in the market underpinned by the rising government efforts and strategy towards the proliferation of electric vehicles. Also, the electric vehicle market is still young with limited electric vehicles registration but is expected to gain traction in the years ahead owing to rising government efforts in developing vehicles charging stations in a public building to ease the charging access which is likely to act as a growth proliferating factor for the vehicle adoption. And all these aforementioned factors act as a catalyst for the growth of the Kenya electric vehicle charging infrastructure market in the years ahead.
Key Highlights of the Report
- Kenya Electric Vehicle Charging Infrastructure Market Overview
- Kenya Electric Vehicle Charging Infrastructure Market Outlook
- Kenya Electric Vehicle Charging Infrastructure Market Forecast
- Historical Data of Kenya Electric Vehicle Charging Infrastructure Market Revenues and Volume for the Period 2016-2019
- Kenya Electric Vehicle Charging Infrastructure Market Size and Kenya Electric Vehicle Charging Infrastructure Market Forecast of Revenues and Volume Until 2026
- Historical Data of Kenya Electric Vehicle Charging Infrastructure Market Revenues and Volume, By Types, for the Period 2016-2019
- Market Size & Forecast of Kenya Electric Vehicle Charging Infrastructure Market Revenues and Volume, By Types, Until 2026
- Historical Data of Kenya Electric Vehicle Charging Infrastructure Market Revenues, By Applications, for the Period 2016-2019
- Market Size & Forecast of Kenya Electric Vehicle Charging Infrastructure Market Revenues, By Applications, Until 2026
- Market Drivers and Restraints
- Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Kenya Electric Vehicle Charging Infrastructure Market Trends
- Kenya Electric Vehicle Charging Infrastructure Market Overview on Competitive Benchmarking
- Kenya Electric Vehicle Charging Infrastructure Market Share, By Companies
- Company Profiles
- Key Strategic Recommendations
Markets Covered
The Kenya electric vehicle charging infrastructure market report provides a detailed analysis of the following market segments:
- By Types:
- By Applications:
- Residential
- Commercial
- Others
Frequently Asked Questions About the Market Study (FAQs):
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on
sales@6wresearch.com
|
TABLE OF CONTENTS
|
|
1. Executive Summary
|
|
2. Introduction
|
|
2.1 Report Description
|
|
2.2 Key Highlights of The Report
|
|
2.3 Market Scope & Segmentation
|
|
2.4 Research Methodology
|
|
2.5 Assumptions
|
|
3. Kenya Electric Vehicle Charging Infrastructure Market Overview
|
|
3.1 Country Indicators
|
|
3.2 Kenya Electric Vehicle Charging Infrastructure Market Revenues and Volume, 2016-2026F
|
|
3.3 Kenya Electric Vehicle Charging Infrastructure Market Revenue Share, By Types, 2019 & 2026F
|
|
3.4 Kenya Electric Vehicle Charging Infrastructure Market Revenue Share, By Applications, 2019 & 2026F
|
|
3.5 Kenya Electric Vehicle Charging Infrastructure Market Industry Life Cycle
|
|
3.6 Kenya Electric Vehicle Charging Infrastructure Market- Porter’s Five Forces
|
|
4. Kenya Electric Vehicle Charging Infrastructure Market Dynamics
|
|
4.1 Impact Analysis
|
|
4.2 Market Drivers
|
|
4.3 Market Restraints
|
|
5. Kenya Electric Vehicle Charging Infrastructure Market Trends
|
|
6. Kenya Electric Vehicle Charging Infrastructure Market Overview, By Types
|
|
6.1 Kenya Electric Vehicle Charging Infrastructure Market Revenues and Volume, By AC Charger, 2016-2026F
|
|
6.2 Kenya Electric Vehicle Charging Infrastructure Market Revenues and Volume, By DC Charger, 2016-2026F
|
|
7. Kenya Electric Vehicle Charging Infrastructure Market Overview, By Applications
|
|
7.1 Kenya Residential Electric Vehicle Charging Infrastructure Market Revenues, 2016-2026F
|
|
7.2 Kenya Commercial Electric Vehicle Charging Infrastructure Market Revenues, 2016-2026F
|
|
7.3 Kenya Other Electric Vehicle Charging Infrastructure Market Revenues, 2016-2026F
|
|
8. Kenya Electric Vehicle Charging Infrastructure Market- Key Performance Indicators
|
|
9. Kenya Electric Vehicle Charging Infrastructure Market Opportunity Assessment
|
|
9.1 Kenya Electric Vehicle Charging Infrastructure Market Opportunity Assessment, By Types, 2026F
|
|
9.2 Kenya Electric Vehicle Charging Infrastructure Market Opportunity Assessment, By Applications, 2026F
|
|
10. Kenya Electric Vehicle Charging Infrastructure Market Competitive Landscape
|
|
10.1 Kenya Electric Vehicle Charging Infrastructure Market Revenue Share, By Companies, 2019
|
|
10.2 Kenya Electric Vehicle Charging Infrastructure Market Competitive Benchmarking, By Operating & Technical Parameters
|
|
11. Company Profiles
|
|
12. Key Strategic Recommendations
|
|
13. Disclaimer
|
