UAE Electric Vehicle Charging Equipment Market 2022: Research by Business Analysis, Key Manufacturers, Growth Strategy, Industry Trends and Forecast to 2026: Ken Research

The UAE Electric Vehicle market is currently in its early stage and witnessed certain growth during the period 2017-2021 owing to the Electric Vehicle (EV) Green Charger initiative undertaken by the government of UAE. As of June 2021, the number of electric vehicle sales in UAE totalled xx units. This total includes xx hybrid models, xx PHEV units, and xx BEV units. When viewed from the total sales of cars in UAE in the first semester of 2021, the interest in the electric vehicle market is at xx% of total cars sold. These figures shows that the UAE EV sector is still in its infancy.

The number of 4W Battery Electric Vehicles (BEV) increased from xx in 2017to xx in 2021 at a CAGR of xx%. Electric Vehicles remain relatively slow during 2021 also because there was a shortage of semiconductor. As of 2021, there are xx units of Battery Electric Vehicles on road in UAE. There has been an increased and integrated usage of the Battery based electric vehicles into the industrial perspective of operations.

Overview of EV Charging Equipment Industry in UAE

Market Size: The revenue of EV Charging Equipment market grew at a CAGR of xx% during 2017 to 2021, witnessing a growth rate of xx% in 2020 from 2019 and xx% in 2021 from 2020. This tremendous growth is attributed to the incentives provided by UAE government and declining cost of Evs. As part of Dubai Electricity and Water Authority's (DEWA) efforts to promote green and sustainable mobility in Dubai, over xx Green Charger stations with more than xx charging points have been installed across Dubai so far.

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Market Segmentation: Segmentation of UAE EV Charging Equipment Market is done on the basis of Type of Chargers, Type of Charging, Application of Chargers in the Type of vehicle, Geographic Demand, Sales Channels and Manufacture Type.

Electric Vehicle Manufacturers in UAE

Competitive Landscape of Industry Players

Currently, the competition in the EV Charging Space in UAE is monopolistic in nature, with the Dubai Electricity and Water Authority (DEWA) spearheading the installation and operation of EV Charging infrastructure in Dubai, which has the majority of EV chargers in the UAE. Although it has not been explicitly conveyed that the private sector would take the lead in operating EV charging infrastructure once it becomes commercially viable through large scale EV adoption, it is expected to do so due to past observed patterns in this sector in multiple countries. Competition is expected to increase in the coming years due to the aforementioned reasons.

Trends in EV Charging Industry in UAE

Evolving Battery Cell Technologies improving quality of EV's

The battery pack, which is the most expensive component of an EV, has seen a rapid development in both production techniques and time taken to achieve economies of scale.
Technology like Solid State Batteries and Lithium Titanium Oxide Batteries have increased the range of EV's
Shifting focus to DC Fast Chargers from AC chargers in the coming years

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Customers get paranoid about the battery remaining in their EV.
Fast charging- which is possible through DC chargers - will slowly become more significant as EV ownership increases in the coming years.
From this owners are able to quickly charge their vehicles and continue their journey, thus saving time.
Incentives to promote green mobility

DEWA is providing free charging for non-commercial EV customers registered in the EV Green Charger Initiative.
This incentive is available at public charging stations and not home charging stations. The RTA has also provided electric vehicles incentives, including free parking, reduced electric vehicle registration fees, and exemption from Salik tag fee.
Mobile Charging platforms

Charging vans, portable chargers, and temporary chargers are examples of mobile charging.
In mobile charging, the chargers themselves are "on the go" and do not require infrastructure expenditures. Growing Consumer Market
The UAE leads the Middle East and North Africa (Mena) in the adoption of electric vehicles to diversify its economy from oil.

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Future Outlook of Industry

UAE Electric Vehicle Market was valued at USD xx in 2021. UAE Electric Vehicle Market size is estimated to grow at a CAGR of xx% during 2022 and 2026. The market is expected to reach a value of USD xx in 2026. Further, an investment of around USD xx has been passed by the government for the development of smart cities in the country and the government is continuously working towards turning the transport industry fully electric by the year 2030.

Research Methodology
Market Definitions and Assumptions:

Electric Charging Station Market: UAE Electric Charging Station Market is defined as the revenue generated through the sales of a piece of equipment that provides AC or DC power from the grid to a 2W, 3W and 4W EV in a public or private space (it has connectors that conform to a variety of standards, to connect the charging equipment).
4 Wheeler EV (4W): 4W is defined here as a passenger car (PC), constructed solely for the carriage of passengers and their effects (no more than 8 seats, including the driver's seat), and includes only Battery Electric Vehicles (BEV's) as opposed to Hybrid and Plug in Hybrid Electric Vehicles (HEV's and PHEV's). Does not include Electric Trucks and Buses.
2 Wheeler EV (2W): 2W is defined as an electric vehicle which runs on 2 wheels only, it is also known as an electric motorcycle, electric scooter or electric bike.
3 Wheeler EV (3W): 3W is defined as an electric vehicle that is equipped with 3 wheels, and used as a carriage for passengers or for the transportation of goods (excluding motorcycles or scooters with a sidecar). Also referred to as an electric rickshaw.
Charging Infrastructure EPC companies: Charging Infrastructure EPC companies are defined as the business entities that undertake end-to-end Charging Station Development Projects, as part of an MoU with the Public Development / Govt. bodies and/or in partnership with other automobile manufacturers and allied entities in the automobile ecosystem.
EV charging cables are of 2 types: Alternating Current (AC) and Direct Current (DC). Within AC, there are 2 types, based on type of plugs used: Type-1 and Type-2. DC Charging cables are of 2 types, based on the type of plugs used: Combination Plugs (Combined Charging System, or CCS) and CHAdeMO.
Key Topics Covered in the Report
Overview of EV Market and EV Charging Equipment Market in UAE
Ecosystem of EV Charging Equipment Market in UAE
Market Size of EV Charging Equipment Market in UAE (Total EV Charging Equipment Revenue)
UAE EV Charging Equipment Market Segmentation (By Type of Charging, Type of Chargers, Type of Vehicle, Type of Geography, By Sales Channels)
Company Profiles of EV Charger Manufacturers (Overview, Products, Business Streams, Manufacturing Capabilities, Distribution Channels, Recent Projects, Cost Structure, and Awards and Recognitions)
Growth Drivers and Challenges to UAE EV Charging Equipment Industry
Industry trends and developments
SWOT Analysis of EV Market
Porters Five Forces of the EV Industry in UAE
Rules and Regulations by Government Bodies
Case Study (DEWA, EESL, Alfen)

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