Product Code: ETC4578341 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The United Arab Emirates is experiencing a significant transformation in its automotive industry, with a growing focus on vehicle electrification. This market is witnessing a surge in demand for electric vehicles (EVs) and hybrid vehicles. Several factors contribute to this trend, including government incentives, environmental awareness, and the advancement of charging infrastructure. As the UAE aims to reduce its carbon footprint and dependency on fossil fuels, the vehicle electrification market is poised for substantial growth. Major automakers are introducing EV models in the UAE market, and consumers are increasingly receptive to these eco-friendly alternatives. Furthermore, the UAE commitment to becoming a hub for sustainable technology in the Middle East underscores the potential for the vehicle electrification market`s expansion.
The Vehicle Electrification Market in the UAE is shaped by the global shift toward sustainable and eco-friendly transportation. Stringent emission regulations and the commitment to reduce the carbon footprint drive the automotive industry`s transition towards electrification. The market is further fueled by government incentives and initiatives promoting electric and hybrid vehicles. The growing awareness among consumers about the environmental impact of traditional vehicles and the advancements in electric vehicle technology contribute to the increasing adoption of electrified vehicles, fostering the growth of the vehicle electrification market.
The vehicle electrification market in the UAE encounters challenges tied to the transition from traditional internal combustion engines to electric powertrains. Adapting vehicles to electric propulsion, ensuring sufficient charging infrastructure, and addressing range anxiety pose operational challenges. Ensuring cost competitiveness, battery efficiency, and consumer acceptance become crucial for market acceptance. Additionally, addressing concerns related to charging infrastructure development, grid capacity, and policy support for electrification adds complexity to market dynamics. Collaboration with automotive manufacturers, energy providers, and government bodies is essential for overcoming these challenges and fostering the growth of the vehicle electrification market.
The Vehicle Electrification market in the UAE faced challenges during the COVID-19 pandemic, with disruptions in automotive production and technology integration. However, the market demonstrated resilience by emphasizing vehicle electrification solutions, including hybrid and electric powertrains. The increased emphasis on sustainability and government incentives during the pandemic drove innovations in automotive electrification technologies. The market responded with developments in hybridization kits and electric conversion solutions, aligning with the evolving demands for eco-friendly transportation in the UAE.
Key players in the UAE Vehicle Electrification Market include BorgWarner Inc., Siemens AG, and ABB Ltd. BorgWarner Inc., an American automotive components and parts supplier, Siemens AG, a German multinational conglomerate, and ABB Ltd., a Swiss multinational technology company, are major contributors to the Vehicle Electrification Market in the UAE.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 United Arab Emirates (UAE) Vehicle Electrification Market Overview |
3.1 United Arab Emirates (UAE) Country Macro Economic Indicators |
3.2 United Arab Emirates (UAE) Vehicle Electrification Market Revenues & Volume, 2021 & 2031F |
3.3 United Arab Emirates (UAE) Vehicle Electrification Market - Industry Life Cycle |
3.4 United Arab Emirates (UAE) Vehicle Electrification Market - Porter's Five Forces |
3.5 United Arab Emirates (UAE) Vehicle Electrification Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 United Arab Emirates (UAE) Vehicle Electrification Market Revenues & Volume Share, By Degree of Hybridization, 2021 & 2031F |
4 United Arab Emirates (UAE) Vehicle Electrification Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Arab Emirates (UAE) Vehicle Electrification Market Trends |
6 United Arab Emirates (UAE) Vehicle Electrification Market, By Types |
6.1 United Arab Emirates (UAE) Vehicle Electrification Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 United Arab Emirates (UAE) Vehicle Electrification Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 United Arab Emirates (UAE) Vehicle Electrification Market Revenues & Volume, By Start/Stop System, 2021-2031F |
6.1.4 United Arab Emirates (UAE) Vehicle Electrification Market Revenues & Volume, By Electric Power Steering (EPS), 2021-2031F |
6.1.5 United Arab Emirates (UAE) Vehicle Electrification Market Revenues & Volume, By Electric Air-Conditioner Compressor, 2021-2031F |
6.1.6 United Arab Emirates (UAE) Vehicle Electrification Market Revenues & Volume, By Electric Vacuum Pump, 2021-2031F |
6.1.7 United Arab Emirates (UAE) Vehicle Electrification Market Revenues & Volume, By Electric Oil Pump, 2021-2031F |
6.1.8 United Arab Emirates (UAE) Vehicle Electrification Market Revenues & Volume, By Electric Water Pump, 2021-2031F |
6.1.9 United Arab Emirates (UAE) Vehicle Electrification Market Revenues & Volume, By Integrated Starter Generator (ISG), 2021-2031F |
6.1.10 United Arab Emirates (UAE) Vehicle Electrification Market Revenues & Volume, By Integrated Starter Generator (ISG), 2021-2031F |
6.2 United Arab Emirates (UAE) Vehicle Electrification Market, By Degree of Hybridization |
6.2.1 Overview and Analysis |
6.2.2 United Arab Emirates (UAE) Vehicle Electrification Market Revenues & Volume, By Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle, 2021-2031F |
6.2.3 United Arab Emirates (UAE) Vehicle Electrification Market Revenues & Volume, By Hybrid Electric Vehicle (HEV), 2021-2031F |
6.2.4 United Arab Emirates (UAE) Vehicle Electrification Market Revenues & Volume, By Plug-In Hybrid Electric Vehicle (PHEV), 2021-2031F |
6.2.5 United Arab Emirates (UAE) Vehicle Electrification Market Revenues & Volume, By Battery Electric Vehicle (BEV), 2021-2031F |
6.2.6 United Arab Emirates (UAE) Vehicle Electrification Market Revenues & Volume, By 48 V, 2021-2031F |
7 United Arab Emirates (UAE) Vehicle Electrification Market Import-Export Trade Statistics |
7.1 United Arab Emirates (UAE) Vehicle Electrification Market Export to Major Countries |
7.2 United Arab Emirates (UAE) Vehicle Electrification Market Imports from Major Countries |
8 United Arab Emirates (UAE) Vehicle Electrification Market Key Performance Indicators |
9 United Arab Emirates (UAE) Vehicle Electrification Market - Opportunity Assessment |
9.1 United Arab Emirates (UAE) Vehicle Electrification Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 United Arab Emirates (UAE) Vehicle Electrification Market Opportunity Assessment, By Degree of Hybridization, 2021 & 2031F |
10 United Arab Emirates (UAE) Vehicle Electrification Market - Competitive Landscape |
10.1 United Arab Emirates (UAE) Vehicle Electrification Market Revenue Share, By Companies, 2024 |
10.2 United Arab Emirates (UAE) Vehicle Electrification Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |