MarkNtel Advisors recently released a research report focusing on the UAE Electric Vehicle Charging Infrastructure Market for the forecast period of 2023-28. This approach enhances user understanding and supports well-informed decision-making. The report comprehensively addresses significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges using qualitative and quantitative data. To familiarize established businesses and newcomers with the present market scenario, the report offers detailed growth prospects for the industry and concise insights into competitors.
UAE Electric Vehicle Charging Infrastructure Market Insight and Analysis:
The UAE Electric Vehicle Charging Infrastructure market is projected to grow at a CAGR of around 14.28% during the forecast period, i.e., 2023-28.
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UAE Electric Vehicle Charging Infrastructure Industry 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
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Geographical overview:
-Dubai
-Abu Dhabi & Al Ain
-Sharjah & Northern Emirates.
The UAE Electric Vehicle Charging Infrastructure Market Trend:
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.
Top Leading key players of UAE Electric Vehicle Charging Infrastructure Market
A thorough examination of the competitive landscape of the market involves a comprehensive analysis of its key competitors. This analysis delves deep into each company’s profile, financial achievements, market presence, potential, Research and Development (R&D) expenditures, recent strategic initiatives in the market, footprint, strengths, weaknesses, and market dominance. The information provided offers a comprehensive overview of the leading market players, including –
-Orbix International LLC
-V Charge Trading LLC
-GreenParking (Future Link L.L.C.)
-ABB Limited
-Art of Energi
-Regeny
-Powertech Electrical Trading LLC
-eMagine
-Efacec
-Siemens LLC
-Catec
-Others.
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The UAE Electric Vehicle Charging Infrastructure Market report addresses the following concern:
- The UAE Electric Vehicle Charging Infrastructure Market report explores the influence of key trends on market share within the primary segments.
- What are the leading market trends that propel the expansion of the UAE Electric Vehicle Charging Infrastructure market?
- What are the projected CAGR, market size, and growth rate for the UAE Electric Vehicle Charging Infrastructure Market in the upcoming years?
- What are the key players in the UAE Electric Vehicle Charging Infrastructure market, and what strategies are they implementing?
- What factors, such as industry trends, drivers, and challenges, are contributing to the growth of the UAE Electric Vehicle Charging Infrastructure market?
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