Market Forecast By Types(AC Charger, DC Charger), By Applications(Residential, Commercial & Others), and competitive landscape
Product Code: ETC001958 | Publication Date: May 2022 | Updated Date: Nov 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
United Arab Emirates Electric Vehicle Charging Infrastructure Market registered a growth of 16.52% in value shipments in 2021 as compared to 2020 and a decrease of -0.4% CAGR in 2021 over a period of 2017. In Electric Vehicle Charging Infrastructure Market United Arab Emirates is becoming less competitive as HHI index in 2021 was 2040 while in 2017 it was 944. 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.
United Arab Emirates has reportedly relied more on imports to meet its growing demand in Electric Vehicle Charging Infrastructure Market. UAE is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Electric Vehicle Charging Infrastructure Market in 2021 was 1.88 while in 2017 it was 2.45. China, USA, Germany, United Kingdom (UK) and India were among the top players of the market in 2021, where China acquired the largest market share of 41.57% with a shipment value of 469.69 million USD in 2022 China also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Electric Vehicle Charging Infrastructure Market. In 2017 USA had the largest market share of 17.6% with the shipment value of 174.08 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although USA offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the United Arab Emirates Electric Vehicle Charging Infrastructure Market in 2017.
UAE electric vehicle charging infrastructure market is driven by increasing efforts of the government, as well as the natives of the country for the development of smart and sustainable cities over the coming years. Additionally, various incentives and plans further implemented by the UAE government for the adoption of electric vehicles in the country are expected to benefit the UAE electric vehicle charging infrastructure market growth over the coming years.
According to 6Wresearch, UAE Electric Vehicle Charging Infrastructure Market is projected to grow at a CAGR of 15.8% during 2019-2025. Dubai emirates lead the country with a maximum number of charging stations installed to date and several plans further implemented towards the development of electric mobility over the coming years. 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 Share.
Moreover, with an increase in the adoption of electric vehicles over the coming years in the country, the electric vehicle charging infrastructure market would register higher growth. Further, an investment of around $163.3 Billion has been passed by the government for the development of smart cities in the country and the government is continuously working towards turning the transport industry fully electric by the year 2030.
Rising sales of electric vehicle backed by surging efforts by the private and government t sector in the adoption of electric vehicles are driving the UAE Electric Vehicle Charging Infrastructure Market Revenue. Additionally, the rising need to reduce carbon emissions along with increasing disposable income is key factors proliferating the growth of the market.
The fast charger segmentation is anticipated to be the largest charger type segment over the forecast year owing to the ability to rapidly charge electric vehicles in a lesser time as compared to the conventional AC chargers charging time. 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.
Some of the prominent players in the EV charging infrastructure market players include ChargePoint, Inc., ClipperCreek, Inc., BP Chargemaster, General Electric Company, Eaton Corp., Leviton Manufacturing Co., Inc., Webasto SE, SemaConnect, Inc., Siemens AG, Schneider Electric, Tesla, Inc., AeroVironment, Inc., ABB. Top players using updated technologies for their Electric Vehicle Charging Infrastructure will have a good probability of having success in the market.
The UAE electric vehicle charging infrastructure market report thoroughly covers the market by types, applications, and regions including the Northern and Southern regions. The UAE electric vehicle charging infrastructure market outlook report provides an unbiased and detailed analysis of the ongoing UAE electric vehicle charging infrastructure market trends, 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.
The UAE electric vehicle charging infrastructure market report provides a detailed analysis of the following market segments:
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. UAE Electric Vehicle Charging Infrastructure Market Overview |
3.1 Country Indicators |
3.2 UAE Electric Vehicle Charging Infrastructure Market Revenues, 2015-2025F |
3.3 UAE Electric Vehicle Charging Infrastructure Market Revenue Share, By Types, 2018 & 2025F |
3.4 UAE Electric Vehicle Charging Infrastructure Market Revenue Share, By Applications, 2018 & 2025F |
3.5 UAE Electric Vehicle Charging Infrastructure Market Industry Life Cycle |
3.6 UAE Electric Vehicle Charging Infrastructure Market- Porter’s Five Forces |
4. UAE Electric Vehicle Charging Infrastructure Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. UAE Electric Vehicle Charging Infrastructure Market Trends |
6. UAE Electric Vehicle Charging Infrastructure Market Overview, By Types |
6.1 UAE Electric Vehicle Charging Infrastructure Market Revenues, By AC Charger, 2015-2025F |
6.2 UAE Electric Vehicle Charging Infrastructure Market Revenues, By DC Charger, 2015-2025F |
7. UAE Electric Vehicle Charging Infrastructure Market Overview, By Applications |
7.1 UAE Residential Electric Vehicle Charging Infrastructure Market Revenues, 2015-2025F |
7.2 UAE Commercial Electric Vehicle Charging Infrastructure Market Revenues, 2015-2025F |
7.3 UAE Others Electric Vehicle Charging Infrastructure Market Revenues, 2015-2025F |
8. UAE Electric Vehicle Charging Infrastructure Market Key Performance Indicators |
9. UAE Electric Vehicle Charging Infrastructure Market Opportunity Assessment |
9.1 UAE Electric Vehicle Charging Infrastructure Market Opportunity Assessment, By Types, 2025F |
9.2 UAE Electric Vehicle Charging Infrastructure Market Opportunity Assessment, By Applications, 2025F |
10. UAE Electric Vehicle Charging Infrastructure Market Competitive Landscape |
10.1 UAE Electric Vehicle Charging Infrastructure Market Revenue Share, By Companies, 2018 |
10.2 UAE Electric Vehicle Charging Infrastructure Market Competitive Benchmarking, By Operating Parameters |
11. Company Profiles |
12. Strategic Recommendations |
13. Disclaimer |