GCC Electric Vehicle Charging Infrastructure Market is expected to reach USD 71.58 Million by 2028
The rising government initiatives and emission targets of
different countries in the region are leading to the adoption of electric
vehicles and resulting in rise in the demand for charging infrastructure.
According
to TechSci Research report, “GCC
Electric Vehicle Charging Infrastructure Market - By Country,
Competition Forecast & Opportunities, 2018-2028,” the
GCC Electric Vehicle Charging Infrastructure Market valued at USD 15.41 million
in 2022 and is expected to ge
nerate new opportunities in the forecast years as
the region is experiencing a significant increase in the adoption of electric vehicles
(EVs), which has led to a growing demand for EV charging infrastructure. The
GCC countries, which include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (UAE), are all making significant efforts to encourage
the use of EVs as a way to reduce their dependence on fossil fuels and address
air pollution. Several countries in the region are witnessing government
initiatives and targets. The UAE is currently leading the way in terms of electric
vehicle charging infrastructure development as the country has already installed
more than 300 charging stations across various locations such as shopping
malls, hotels, and petrol stations. Other GCC countries, such as Bahrain,
Kuwait, Oman, and Qatar, are also making efforts to develop their EV charging infrastructure.
The companies like ABB ltd, Siemens AG, and others are
installing electric vehicle charging infrastructure and these companies are
also partnering with the government. For instance, Siemens has partnered with UAE's
Ministry of Energy and Infrastructure to install Siemens Sicharge D 160 kW ultra-fast chargers in Ras
Al Khaimah, Ajman, Umm Al Quwain and Fujairah and similarly ABB Ltd. is providing
electric vehicle chargers to Electromin an Saudi
e-mobility solution provider. In UAE, the Dubai Electricity and Water Authority
(Dewa) has planned to take electric vehicle charging stations volume to 1,000
units by 2025. Almost all the governments in the region are undertaking reforms
to meet the global set emission targets and the countries in the region are
also diversifying their economies by switching from being oil-based economies.
As the
market is growing in the region the companies are focusing on developing
electric vehicle charging infrastructure. The key global electric vehicle charging
infrastructure companies are also entering the market and expanding their
product reach. Similarly, the rise in the adoption of electric two-wheelers is
expected to influence the market growth.
Browse more than 56 market data Figures spread
through 116
Pages and an in-depth TOC on "GCC Electric VehicleCharging Infrastructure Market."
The GCC Electric
Vehicle Charging Infrastructure Market can be segmented based on vehicle type, by
type, charging mode, installed location, connector type and company and by country. Based on vehicle type,
the market is further segmented into Two-Wheeler, Passenger Cars, and
Commercial Vehicles. Based on type, the market is segmented into AC and DC. Similarly, based on charging mode the
market is segmented into Plug-In and Wireless. The plug-in category dominates
in the segment. Based on Installed Location the market is segmented into Commercial
and Residential. The commercial category in this segment is dominating. Based
on connector type the market is categorized into Type 1, Type 2, UK 3-Pin,
CHAdeMO, CCS and others.
Some of the major companies operating in the GCC Electric Vehicle
Charging Infrastructure Market include:
- Catec
- V
Charge Trading LLC=
- Future
Link L.L.C (Green Parking)
- ABB
Ltd.
- Orbix
(Orbix International LLC)
- Tesla,
Inc.
- Eaton
Corporation plc.
- Powertech
Electrical Trading LLC
- Efacec
Group
- Siemens
AG
These are the key companies that are
developing electric vehicle charging infrastructure in the GCC countries. To
maintain their competitiveness in the market, companies are investing and
partnering with the government bodies to expand their market reach. These
businesses are also concentrating on adhering to regional government rules to
maintain their competitiveness in the global market.
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“The different
countries in the GCC region are diversifying their economy and this is
providing added advantage to the market. similarly, the carbon emission targets
and shift towards sustainable products are expected to generate new opportunities
for the market. At the same time key global players are also investing in the
charging infrastructure and all these factors will drive the market in the
forecast years,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm. “GCC Electric Vehicle Charging
Infrastructure Market By Vehicle Type (Two Wheeler, Passenger Cars,
Commercial Vehicles), By Type (AC Vs. DC), By Charging Mode (Plug-In,
Wireless), By Installed Location (Commercial, Residential), By Connector Type
(Type 1, Type 2, UK 3-Pin, CHAdeMo, CCS, and Others) and By Country,
Competition Forecast & Opportunities, 2018-2028,” has
evaluated the future growth potential of GCC Electric Vehicle Charging
Infrastructure Market and provides statistics & information on market size,
structure, and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the GCC Electric Vehicle
Charging Infrastructure Market.
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