DUBLIN--(BUSINESS WIRE)--The "UAE Electric Vehicle Charging Equipment Market Outlook to 2026: Driven by Government Support and Incentives With the Increasing Focus to Achieve Green and Sustainable Economy" report has been added to ResearchAndMarkets.com's offering.

UAE is the second largest automotive market in the Gulf Cooperation Council (GCC) after Saudi Arabia owing to the growing population and high disposable income. The demand for vehicles in the country mainly originates from the construction, infrastructure, logistics, tourism, and public transport sectors have turned the emirate into a major exporter and re-exporter of vehicles. The transportation sector is one of the most significant contributors to CO2 emissions in UAE, second to the industrial sector. Incentives offered by the government, banks, and car dealers, has also led to the growth in the UAE's imports of EVs and increased environmental awareness among citizens. The Battery Electric Vehicles sales grew at a CAGR of ~49% during 2017 and 2021.

Overview of Electric Vehicle Charging Equipment Industry in UAE:

The EV Charging Equipment market grew at a CAGR of ~42% during 2017 to 2021, witnessing a growth rate of ~63% in 2021 from 2020. The UAE electric vehicle charging market is driven by increasing efforts of the government to reduce the carbon footprint in the country. Dubai emirates lead the country with a maximum number of charging stations installed to date and several plans further implementing towards the development of electric mobility. 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.

Competitive Landscape in UAE EV Charging Market

Currently, the competition in the EV Charging Space in UAE is monopolistic in nature, with the Dubai Electricity and Water Authority (DEWA) spearheading the installation and operation of EV Charging infrastructure in Dubai, which has the majority of EV chargers in the UAE. Although it has not been explicitly conveyed that the private sector would take the lead in operating EV charging infrastructure once it becomes commercially viable through large scale EV adoption, it is expected to do so due to past observed patterns in this sector in multiple countries. Competition is expected to increase in the coming years due to the aforementioned reasons.

Drivers and Impediments to growth:

The cost of purchasing an EV is reducing every year due to scaling up of existing technology through efficient production, which is having a cascading effect on the development of EV Charging Infrastructure throughout the world. The relatively small size of the country would automatically reduce range anxiety for most citizens, as most cities and towns would be easily covered by almost all EV's in a single charge.

One of the problems preventing the commercialization of EV's is the high purchase costs, which is a significant factor in developing and underdeveloped countries. Since the UAE has a per capita income comparable to developed countries, the effects of the aforementioned problem are mitigated to a large extent. The UAE electric vehicle charging market is driven by increasing efforts of the government to reduce the carbon footprint in the country.

Key Segments Covered in UAE EV Charging Equipment Industry

  • EV Charging Market Size by Revenue
    • Revenue through new car sales
    • Revenue through demand of chargers by type of charging stations
  • UAE EV Charging Equipment Segmentation By:
    • Type of Chargers- AC and DC chargers
    • Type of Charging- Home Charging, Private Charging, and Public Charging
    • Type of Vehicle- 2W and 4W
    • Geographic Demand- Dubai, Abu Dhabi, Sharjah, Fujairah, Ajman, Umm Al Quwain, Ras Al Khaimah
    • Sales Channels- Direct Sales, Online, and Dealers/ Distributors

Key Topics Covered:

1. Executive Summary

2. Market Overview of EV Charging Industry in UAE

3. Market Size of EV Charging Industry in UAE

4. Market Segmentation of EV Charging Equipment Industry in UAE, FY'21

5. Industry Analysis of the UAE EV Charging Equipment Market

6. Product Analysis

7. Pricing Analysis

8. Competitive Analysis of the UAE EV Market

9. Case Study

10. Future Outlook and Projections of the Industry, till 2026

11. Analyst Recommendations

12. Research Methodology

Companies Mentioned

  • ABB
  • Schneider Electric
  • Siemens
  • Yinlong Energy
  • Eaton UAE
  • Grizzl E
  • Elecvlife

For more information about this report visit https://www.researchandmarkets.com/r/y1uyex

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