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
June 2022
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About the Report
About the Report
The publication titled ‘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’covers the overview of EV Charging Equipment Industry by analyzing historical EV Charging statistics and corresponding change in Middle Affluent Class in UAE. The report covers various aspects including EV Charging Equipment industry market size on the basis of total revenue generated from the charging equipment. Furthermore, the report provides a comprehensive insight on industry trends & developments, issues and challenges, ecosystem, value chain analysis, SWOT Analysis, rules & regulations, growth levers of industry; comparison of top EV Charging Equipment Manufacturers on the basis of Overview, Products, Business Streams, Manufacturing Capabilities, Distribution Channels, Recent Projects, Cost Structure, and Awards and Recognitions. The report also focuses on UAE EV Charging Equipment Industry segmentation by Type of Charging, Type of Chargers, Type of Vehicle, Type of Geography, and By Sales Channels. The EV Charging section of the report concludes with projections for the future of the industry included forecasted total EV Charging Equipment revenue by 2026, and analysts’ take on the future highlighting major opportunities.
Overview of Electric Vehicle Industry in UAE:
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.
A Vibrant Future Outlook:
The strength of EVs on UAE roads is increasing, and eventually, it will knit electricity and transportation sectors.
One of their key initiatives is under the Dubai Autonomous Transportation Strategy, which aims to transform 25% of the transportation in Dubai to autonomous mode by 2030. Adoption of clean energy strategies by the country as a part of UAE’s vision 2030 and focus on achieving net zero emissions by 2050 would also stimulate the market growth in the years to come. 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, which is expected to grow at a CAGR of ~35% from 2022 to 2026.
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
Domestic Manufacture and Import
Product Analysis
4W Chargers
Pricing Analysis
4W Charger’s pricing
2W Charger’s pricing
Key Target Audience
Electricity Supplier
EV Manufacturers
EV Charging Equipment Manufacturers
EV Charging System Operator
Demand side Transport Operators
Government Bodies
Time Period Captured in the Report:
Historical Period: 2017-2021
Forecast Period: 2022-2026F
EV Charging Equipment Players in UAE
ABB
Schneider Electric
Siemens
Yinlong Energy
Eaton UAE
Grizzl E
Elecvlife
Key Topics Covered in the Report
Overview of EV Market and EV Charging Equipment Market in UAE
Ecosystem of EV Charging Equipment Market in UAE
Market Size of EV Charging Equipment Market in UAE (Total EV Charging Equipment Revenue)
UAE EV Charging Equipment Market Segmentation (By Type of Charging, Type of Chargers, Type of Vehicle, Type of Geography, By Sales Channels)
Cross comparison of top players in the EV Charging Equipment Market in UAE
Company Profiles of EV Charger Manufacturers (Overview, Products, Business Streams, Manufacturing Capabilities, Distribution Channels, Recent Projects, Cost Structure, and Awards and Recognitions)
Growth Drivers and Challenges to UAE EV Charging Equipment Industry
Industry trends and developments
SWOT Analysis of EV Market
Porters Five Forces of the EV Industry in UAE
Rules and Regulations by Government Bodies
Future Outlook of Industry
Case Study (DEWA, EESL, Alfen)
Products
Products
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
Domestic Manufacture and Import
Product Analysis
4W Chargers
Pricing Analysis
4W Charger’s pricing
2W Charger’s pricing
Key Target Audience
Electricity Supplier
EV Manufacturers
EV Charging Equipment Manufacturers
EV Charging System Operator
Demand side Transport Operators
Government Bodies
Time Period Captured in the Report:
Historical Period: 2017-2021
Forecast Period: 2022-2026F
Companies
EV Charging Equipment Players in UAE
ABB
Schneider Electric
Siemens
Yinlong Energy
Eaton UAE
Grizzl E
Elecvlife
Table of Contents
Table of Contents
1. Executive Summary
1.1. How is EV Charging Industry Positioned in UAE?
2. Market Overview of EV Charging Industry in UAE
2.1. Overview of the UAE Automotive Market
2.2. Overview of the UAE EV Market
2.3. Overview of EV Adoption in UAE
2.4. Overview of the UAE EV Charging Equipment Market
2.5. EV Charging Infrastructure Value Chain
2.6. Ecosystem of Major Entities in EV Charging Equipment Market
3. Market Size of EV Charging Industry in UAE
3.1. Market Size on the basis of Revenue, FY’17-FY’21
3.2. Market Sizing on the basis of revenue through new car sales, FY’17-FY’21
3.3. Market Sizing on the basis of revenue through demand of chargers by type of charging stations, FY’21
4. Market Segmentation of EV Charging Equipment Industry in UAE, FY’21
4.1. By Type of Chargers (AC vs DC)
4.2. By Type of Charging (Public Charging Station, Private Charging Station, Home Charging)
4.3. By Type of vehicle (2W vs 4W)
4.4. By Region (Dubai, Abu Dhabi, Sharjah, Ajman, Ras al-Khaimah, Umm Al-Quwain, Fujairah)
4.5. By Sales Channels (Direct Sales, Dealers, Online)
4.6. By Type of Manufacturer (Imported, Domestic Assembly, Domestic Manufacturing)
5. Industry Analysis of the UAE EV Charging Equipment Market
5.1. Trends in UAE EV Charging Equipment Market
5.2. Issues and Challenges in the UAE EV Charging Equipment Market
5.3. SWOT Analysis of UAE EV Charging Equipment Market
5.4. Government Regulations
5.5. Government Initiatives
5.6. Growth Drivers of the UAE EV Charging Equipment Market
6. Product Analysis
6.1. Types of EV Chargers in UAE
6.2. EV Chargers by EVIT
6.3. EV Charging Solutions by MENA Mobility
6.4. EV Chargers by eMagine
6.5. EV Chargers by Yinlong Energy
7. Pricing Analysis
7.1. Pricing Analysis of 4W EV offerings in the UAE
7.2. Pricing Analysis of Online Charger Offerings in the UAE
8. Competitive Analysis of the UAE EV Market
8.1. Competitive Landscape in UAE
8.2. Market Share of Major Equipment Manufacturers
8.3. Company Profile of ABB (Overview, Mission, Revenue Stream, Manufacturing, Distribution Channel, Mergers & Acquisitions, Cost Structure, Awards & Recognition, Products)
8.4. Company Profile of Schneider Electric (Overview, Mission, Revenue Stream, Manufacturing, Distribution Channel, Mergers & Acquisitions, Cost Structure, Awards & Recognition, Products)
8.5. Company Profile of Siemens (Overview, Mission, Revenue Stream, Manufacturing, Distribution Channel, Mergers & Acquisitions, Cost Structure, Awards & Recognition, Products)
9. Case Study
9.1. Case study of DEWA
9.2. Case study of EESL
9.3. Case study of Alfen
10. Future Outlook and Projections of the Industry, till 2026
10.1. Future Outlook of Electric Vehicles in UAE, FY’22-FY’26
10.2. Future Outlook of E-Scooter and E-Taxi in UAE, FY’22- FY’26
10.3. Future Outlook of Charging Equipment revenue through new car sales, FY’22- FY’26
10.4. Future Market Size of UAE EV Charging Equipment, FY’22-FY’26
10.5. Future Segmentation By Type of Chargers (AC vs DC), FY’21 and FY’26
10.6. Future Segmentation By Type of Charging (Public Charging Station, Private Charging Station, Home Charging), FY’21 and FY’26
10.7. Future Segmentation By Region (Dubai, Abu Dhabi, Sharjah, Ajman, Ras al-Khaimah, Umm Al-Quwain, Fujairah), FY’21 and FY’26
10.8. Future Segmentation By Sales Channels (Direct Sales, Dealers, Online)
10.9. Future Segmentation By Type of Manufacturer (Imported, Domestic Assembly, Domestic Manufacturing), FY’21 and FY’26
11. Analyst Recommendations
11.1. Analyst Recommendations- Gap Analysis
11.2. Analyst Recommendations- Market Model
12. Research Methodology
12.1. Market Definition and Assumptions
12.2. Abbreviations
12.3. Market Sizing Approach
12.4. Consolidated Research Approach
12.5. Understanding Market Potential through In-Depth Interviews
12.6. Primary Research Approach
12.7. Limitations and Future Conclusion
Disclaimer
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