According to MarkNtel Advisors study 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.
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Key Findings of the Study: UAE Electric Vehicle Charging Infrastructure market
UAE Electric Vehicle Charging Infrastructure Market Driver:
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.
UAE Electric Vehicle Charging Infrastructure Market Growth Opportunity:
Smart City Initiatives to Provide Platform for the Development of the Charging Stations - Smart city initiatives could offer several opportunities for the UAE electric vehicle charging infrastructure market. These initiatives aim to integrate different technologies services to make cities more efficient, sustainable, and livable. Additionally, the increasing installation of integrated charging stations by DEWA in the UAE in the newly developed smart cities to provide residents with ease is expected to further facilitate the market's revenue growth in the coming years.
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Scope of the Report and UAE Electric Vehicle Charging Infrastructure Market Segmentation:
By Type of Charging Point
- AC Charger
- DC Charger
- Others (Wireless Charging, etc.)
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
Here, the 50-150kW power output is expected to gain substantial revenue growth in the forecast years due to its ability to charge electric vehicles quickly.
UAE Electric Vehicle Charging Infrastructure Market Development:
2023: Regeny EvGateway collaborated for the establishment of 10,000 electric vehicle charging stations by 2030, in the UAE. The partnership aims to enrich EV automotive charging solutions in the UAE other Middle Eastern regions.
Geographical Analysis:
By Region
- Dubai
- Abu Dhabi Al Ain
- Sharjah Northern Emirates
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