The market for electric vehicle (EV) charging equipment in the United Arab Emirates is the sector that offers the infrastructure needed to charge EVs. EV charging station manufacturers, suppliers, installers, and maintainers make up the market. The UAE government has set a goal of having at least one tenth of all on-road cars be electric before ten years from the year of COVID-19. Demand for EV charging infrastructure has grown as a result of this lofty goal. Due to government subsidies as well as the increasing use of electric vehicles, it is projected that the business would grow quickly in the next years.
Two of the most common types of EV charging equipment are AC and DC chargers. AC charges are slower and often found in homes and public parking lots, but DC chargers are quicker and frequently found along major roads and highways. Market share is very competitive, with both domestic and foreign rivals vying for it. In addition, there are service providers in the UAE market for EV charging equipment that offer mobile charging solutions that let EV owners charge their cars while they're on the road. These services might be particularly useful for drivers who have to travel a long distance or who might not have access to a charging station. As the nation continues to invest in the infrastructure for electric vehicles and encourage sustainable transportation, the UAE EV charging equipment market is anticipated to experience considerable expansion over the next few years.
The COVID-19 epidemic has had a substantial impact on the market for electric vehicle (EV) charging devices in the UAE. The lockdowns and restrictions put in place to curb the virus's spread limited the number of electric vehicles on the road, which cut the need for charging infrastructure. Also, the pandemic's effects on the supply chain caused a delay in the installation and upkeep of equipment for producing and distributing EV chargers. The demand for electric vehicles is expected to rise again after the pandemic subsides and the economy begins to recover, which will lead to an increase in the demand for EV charging infrastructure.
Also, the UAE government has maintained its investment in EV infrastructure and other sustainable transportation programmes, which is expected to support the industry's continued growth. The pandemic has also highlighted the importance of clean energy and environmentally friendly transportation, increasing awareness of and promoting the usage of electric vehicles and charging infrastructure. In conclusion, the long-term outlook is still favourable, and in the upcoming years, the market for EV charging equipment is predicted to develop rapidly. This is true even though the COVID-19 pandemic has had a short-term negative impact on the market in the UAE.
UAE Electric Vehicle Charging Equipment Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; ABB Industries (L.L.C.), Catec, Efacec Group, eMagine, FutureLink L.L.C (GreenParking), L-Charge, Orbix International LLC, Powertech Electrical Trading LLC, Regeny, Siemens LLC, V Charge Trading LLC.
UAE Electric Vehicle Charging Equipment Market Segmentation:
By Vehicle Type: Based on the Vehicle Type, UAE Electric Vehicle Charging Equipment Market is segmented as; Passenger Car, Commercial Vehicle, Two-Wheeler.
By Type: Based on the Type, UAE Electric Vehicle Charging Equipment Market is segmented as; AC, DC.
By Charging Mode: Based on the Charging Mode, UAE Electric Vehicle Charging Equipment Market is segmented as; Plug-In, Wireless.
By Installed Location: Based on the Installed Location, UAE Electric Vehicle Charging Equipment Market is segmented as; Commercial, Residential.
By Connector Type: Based on the Connector Type, UAE Electric Vehicle Charging Equipment Market is segmented as; Type 1, Type 2, UK 3-Pin, CHAdemo, CCS and Others.
By Type of Charging: Based on the Type of Charging, UAE Electric Vehicle Charging Equipment Market is segmented as; Slow, Fast.
By Region: This report also provides the data for key regional segments of Abu Dhabi, Dubai, Sharjah, Rest of UAE.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.