UAE Electric Vehicle Charging Infrastructure Market to be Valued USD14.28 Million by 2028
The increasing preference for electric vehicles among
the people in UAE expected to drive the electric vehicle charging
infrastructure market through 2028.
According to the TechSci Research
report, "UAE Electric Vehicle Charging Infrastructure Market- By Region, Competition Forecast &
Opportunities, 2018-2028,"
the UAE electric vehicle charging infrastructure market is anticipated to grow
at a good rate during the forecast period. Next-generation
electric vehicles' and their components' quick technological development, along
with the businesses creating charging technology, is propelling the quick
development of EV charging technology. Many technical groups have
infrastructure that is explicitly focused on integrating cloud connectivity,
AI, and rapid charging for next-generation EV charging. The sector is also
being impacted by new software developments including cloud-based digital
solutions for speeding electrification and real-time fleet management.
Therefore, it is anticipated that high power and rapid charging technologies
will rule the market in the years to come. Siemens also has plans to develop
intelligent substations, microgrids, smart building technologies, and
industrial energy management in the UAE. As a result, the market for electric
vehicle charging infrastructure in the UAE is anticipated to grow gradually during
the forecast period.
The
UAE Electric Vehicle Charging Infrastructure market by type is segmented into
AC and DC. The DC segment captured 75.9% of the market in 2022 and is expected
to register a CAGR of 9.14% by 2028. Similarly, the AC segment is expected to register
a CAGR of 21.89% during the forecast period. Based on charging mode, the market
is categorized into plug-in and wireless. The plug-in segment captured a major
market share of around 98.74% in 2022, and the segment is expected to register
a CAGR of 12.71% by 2028. The easy integration of the plug-in chargers with the
vehicles is the reason for the large market share.
Owing
to the increasing use of 5G and the
development of artificial intelligence (AI) technology, the automotive industry
is predicted to experience changes in terms of communication and connectivity
in the production of vehicles. The automotive and transportation sectors in the
UAE will be significantly impacted by autonomous and self-driving vehicles, 5G
technology, and AI. Battery electric vehicles have a lot of promise as a result
of Dubai switching to renewable energy sources for electricity production. By
2030, Dubai wants to replace 25% of its current fleet with autonomous electric
vehicles. It is projected that the benefits of 5G's greater functionality and
performance would increase demand for electric vehicles and, consequently, for
EV charging infrastructure across the nation.
Browse more than33 market data Figures spread
through 85 Pages and an in-depth
TOC on "UAE Electric Vehicle Charging Infrastructure Market"
As EV sales rise in the UAE, which is partly due to
government regulations and subsidies and partly due to the growing supply of
long-range EVs, the eMobility revolution is gaining momentum. The demand for EV
charging stations in commercial and industrial buildings is increased by the
requirement for car owners to be able to charge their vehicles throughout the
day while working, shopping, eating, or travelling. Innovative mobility technologies
such as autonomous cars, mobile charging, inductive charging, and "Vehicle
to Grid" (V2G), which enables energy to be transferred from an electric
car's battery back to the power grid, are also being studied and tested by
Dubai Electricity and Water Authority (DEWA).
Some of the
major players operating in the UAE electric vehicle charging infrastructure
market include:
- V
Charge Trading LLC
- FutureLink
L.L.C (GreenParking)
- L-Charge
- Orbix
International LLC
- ABB
Industries (L.L.C.)
- Regeny
- Powertech
Electrical Trading LLC
- eMagine
- Efacec
Group
- Siemens
LLC
- Catec
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“Many electric vehicle
chargers making companies in UAE have started to install new charging station
for electric vehicles which are equipped with various advanced features. As in
UAE, the number of electric vehicles charging infrastructure is low as per the
requirements in many cities, by seeing this the government of UAE is also
planning to invest and giving incentive to the electric vehicle charger making
companies. By seeing these opportunities, many automotive and charger making
companies have invested to install more charging station in various cities of
UAE, owing to which the UAE electric vehicle charging infrastructure market is
expected to grow during the forecast period,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“UAE Electric Vehicle Charging
Infrastructure Market By Vehicle Type (Passenger
Car, Commercial Vehicle, Two-Wheeler), By Type (AC, DC), By Charging Mode (Plug-In, Wireless), By Installed
Location (Commercial, Residential), By Connector Type (Type 1, Type 2, UK
3-Pin, CHAdemo, CCS and Others), By Type of Charging (Slow, Fast), By
Region,
Competition Forecast & Competition, Opportunities, 2018- 2028
has evaluated the future growth potential of UAE electric vehicle
charging infrastructure market and provides statistics & information on
market size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the UAE electric
vehicle charging infrastructure market.
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