[ad_1]
Dublin, March 2, 2023 /PRNewswire/—— “UAE Electric Vehicle Charging Infrastructure Market, By Vehicle Type (Two Wheeler, Passenger Car, Commercial Vehicle), By Type (AC, DC), By Charging Mode, By Installation Location, By Connector Type, By Charging Type, By Region, Competitive Forecast and Opportunity, 2028” report added to ResearchAndMarkets.com’s supply.
The UAE EV charging infrastructure market is projected to grow at a strong CAGR over the forecast period 2024-2028
Factors such as increasing sales of electric vehicles and government and private sector initiatives towards electric vehicles are the key drivers for the EV charging infrastructure market in the UAE.
Furthermore, technological advancements to shorten charging time and rapid construction of charging stations are expected to boost the market demand over the next five years.
Supportive Government Policies Driving Market Growth
The UAE is rich in oil and gas resources, but volatile crude prices and limited availability of conventional energy sources are prompting key authorities to source energy from renewable sources. The transportation industry plays an important role in lowering a country’s carbon footprint.
Under the UAE Vision 2021, the government is promoting electric vehicles across the country. In 2021, around 175 charging stations will be installed in the UAE. Tesla will roll out about 200 electric vehicles in the taxi industry in Dubai. The plan is expected to help the government meet its green transport target, which calls for 25 percent of all trips to be made by self-driving cars by 2030.
Additionally, the Roads and Transport Authority (RTA) is working towards zero emissions from public transport by 2050. Government support initiatives and the pace of construction of numerous charging stations in different parts of the country are expected to accelerate the market demand over the next five years.
Technological advancements in charging technologies support market growth
Market players are focusing on research and development activities to find innovative solutions and upgrade existing infrastructure by reducing charging time and increasing charging speed. They are trying to improve the convenience and comfort of passengers when driving electric vehicles and installing charging stations in many places.
The availability of mobile charging platforms such as portable chargers, charging carts and temporary chargers is gaining popularity as they provide owners the flexibility to charge their EVs on the roadside. Moreover, market players are focusing on improving services for luxury car owners due to high demand from consumers.
The advent of wall-based high-speed supercharging capacitors has a significant advantage over wall-outlet chargers, cutting the time it takes to recharge in half. Continuous advancements and high-end investments by market players in evolving technologies to introduce advanced products are expected to create lucrative growth opportunities for the UAE electric vehicle charging infrastructure market over the forecast period.
Rising EV sales drive demand for EV charging stations
Rising demand for production and sales of electric vehicles due to growing environmental concerns and need to reduce carbon footprint is driving the installation of electric vehicle charging stations.
Market players are focusing on launching high-performance electric vehicles in the market. They have expanded their product portfolio by launching vehicles ranging from small hatchbacks to sedans to meet the needs of different customers.
In addition, development of road infrastructure and rapid urbanization are also expected to affect the market demand. Rising consumer spending power and rising living standards are expected to boost the UAE electric vehicle charging infrastructure market over the forecast period.
competitive landscape
Company Profiles: Detailed analysis of key companies in the UAE Electric Vehicle Charging Infrastructure market.
- Obex
- V Charge Trading LLC
- FutureLink (Green Parking)
- ABB Limited
- L-charge
- energy art
Report scope:
UAE Electric Vehicle Charging Infrastructure Market, By Vehicle Type:
- two wheeler
- passenger car
- commercial vehicle
UAE Electric Vehicle Charging Infrastructure Market, By Type:
UAE Electric Vehicle Charging Infrastructure Market, by Charging Mode:
UAE Electric Vehicle Charging Infrastructure Market, By Installation Location:
UAE Electric Vehicle Charging Infrastructure Market, By Connector Type:
- Type 1
- type 2
- UK 3 pins
- chadmore
- China Classification Society
- others
UAE Electric Vehicle Charging Infrastructure Market, By Charging Type:
UAE Electric Vehicle Charging Infrastructure Market, By Region:
- dubai
- Abu Dhabi
- Sharjah
- Rest of UAE
For more information on this report, please visit https://www.researchandmarkets.com/r/hp3r3c-electric?w=5-electric?w=5
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source of international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, top companies, new products and latest trends.
Media Contact:
Research and Market
laura woodSenior Manager
[email protected]
Eastern Office Hours please call +1-917-300-0470
US/Canada Toll Free +1-800-526-8630
Call +353-1-416-8900 during GMT office hours
US Fax: 646-607-1907
Fax (outside the US): +353-1-481-1716
ID: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
Sources Research & Markets
[ad_2]
Source link