KSA EV Charging Equipment Market is expected to grow@ 88% CAGR in 2022-2027F owing to the increasing investments under Vision 2030 by the government: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit 1. The EV charging equipment market generated a revenue of SAR ~200 Th in 2022 owing to the rise in the number of EVs after the lifting of the ban imposed on the import of EVs in the region. In 2018, Saudi officials began permitting residents to import EVs for personal use. The market for electric vehicles saw a rise in the present years due to the lifting of the ban imposed on the import of EVs in the Kingdom. Additionally, the general public’s growing awareness about the pollution levels is also driving the adoption of EVs. The market for EV charging equipment in Saudi Arabia is dominated by imports from various regions around the world. The majority of the equipment is brought from Europe, specifically Germany, France, and the Netherlands. Portable chargers, public charging stations, and private charging stations are the three forms of charging available for EVs in the market. 2. The KSA area experienced significant growth in the EV category as a result of government’s measures to diversify the country’s economy and lessen the reliance on oil. To learn more about this report Download A Free Sample Total energy consumption in KSA exceeded 289 TWh in 2020, with a high of 61.7 GW and 53.5 GW generating capacity. As a remedy to this dilemma, Vision 2030 developed the King Salman Renewable Energy Resources and Initiative to empower new energy resources. In addition to this, KSA is one of the Middle East’s fastest-growing economies, which allows the government to diversify and experiment when it comes to investing in new areas. More than 80% of the population lives in cities and is aware of regional trends and social duties, opening the path for environmentally friendly technologies such as EVs to thrive in the market. Electric vehicles are viewed as a solution to the problem of climate-related difficulties. The use of EVs produces no greenhouse gas emissions. This notion has grown in popularity in recent years as people become more conscious of the importance of living in an environmentally responsible manner. 3. The EV Charging Equipment Market in KSA is expected to grow by CAGR of ~88% by 2027F due to increasing EV and EV charging infrastructure along with companies offering better charging solutions in the country. The EV charging equipment market in Saudi Arabia is estimated to produce a CAGR of ~88% by 2027 as the industry grows, owing to an increase in the number of electric cars and greater investment in charging infrastructure. With new manufacturers joining the market and a large percentage of the region’s urban population, the number of electric vehicles in Riyadh is likely to grow. Furthermore, logistic organizations throughout the world are under constant pressure to minimize their carbon footprint and implement more eco-friendly solutions, which is projected to contribute to the growth of commercial vehicles in the area. 4. Lack of Repair and Maintenance Services with Underdeveloped Charging Infrastructure in the Kingdom of Saudi Arabia are some of the barriers in the adoption of EVs by the population. Visit this Link Request for a custom report Saudi Arabia has a desert temperature, and the constant usage of air conditioning quickly drains the battery. Drivers are hesitant to go longer distances, and recharge stations are needed on all major roadways. Additionally, electric vehicles consume a large amount of electricity in a short period of time, creating instability in power networks. In the Kingdom of Saudi Arabia, summer power usage might surpass supply, and the introduction of EVs can place a further strain on the system. There are currently few charging stations in KSA, which has a direct influence on EV sales in the region. Therefore, because of the paucity of charging stations, consumers are hesitant to purchase any electric car. Tags: 2 Wheelers Electric Vehicle Market KSA, 4 Wheelers Electric Vehicle Market KSA, ABB EV Charging Equipment Market Revenue, Al Khobar EV Charging Equipment Market, Business Opportunities in KSA EV Charging Equipment Sector, Challanges in KSA EV Charging Equipment Sector, Charging Infrastructure Status in KSA, Charging Stations in KSA, Dammam EV Charging Equipment Market, Direct Sales of EV Charging Equipment in KSA, domestic EV charging equipment companies in KSA, Electric Vehicle Charger Manufacturers KSA, Electric vehicle industry KSA, Electric Vehicle Manufacturers KSA, Electromin EV Charging Equipment Market, Emerging Players in KSA EV Charging Equipment Market, ESSCO EV Charging Equipment Market Analysis, EV Charger Manufacturers in KSA, EV Chargers in KSA, EV Charging Equipment Distribution Channels KSA, EV Charging Equipment Manufacturers KSA, EV Charging Equipment Market KSA, EV Charging Equipment Sales Channels in KSA, EV Charging Equipments Market, EV Charging infrastructure status in KSA, EV Charging System Operator in Saudi Arabia, EV Dealers and Distributors in KSA, EV Manufacturers in KSA, EV market in Saudi Arabia, EVBox EV Charging Equipment Market Revenue, Jeddah EV Charging Equipment Market, KSA Battery vehicles Market, KSA Electric scooter Market, KSA Electric Vehicle Chargers Sales, KSA Electric Vehicle Charging Station Market, KSA EV Charger Market, KSA EV Charging Equipment Distribution Channel, KSA EV Charging Equipment End Users Industry, KSA EV Charging Equipment Industry, KSA EV Charging Equipment Market, KSA EV Charging Equipment Sector, Leading Players in KSA EV Charging Equipment Sector, Major Players in KSA EV Charging Equipment Industry, Manufacturers of EV Charging Equipments KSA, Motevs EV Charging Equipment Market Share, new market players in KSA EV Charging Equipment Market, Number of Charging Stations in KSA, Number of EV Charging Stations in KSA, Number of EVs in Saudi Arabia, opportunity in KSA EV Charging Equipment Sector, Organized KSA EV Charging Equipment Market, Portable Chargers Market Demand in KSA, Public and Private Charging Stations in KSA, Qabis EV Charging Equipment Market Share, Riyadh EV Charging Equipment Market, Saudi Arabia EV Charging Equipment Industry, Saudi Arabia EV Charging Equipment Market, Saudi Arabia EV Market, Schneider Electrics EV Charging Equipment Market, Siemens EV Charging Equipment Market, Top Captive players in KSA EV Charging Equipment Sector, Top EV Charging Equipment Companies