Middle East and Africa EV Charging Infrastructure Market

The MEA EV charging infrastructure market is expected to grow from US$ 418.63 million in 2021 to US$ 882.02 million by 2028. It is estimated to grow at a CAGR of 11.2% from 2021 to 2028.                   

Demand for EV Charging in Commercial Buildings

Presently, EV charging stations are more common in private residences. However, the rising consumer demand has led to an active adoption of on-site commercial charging as a standard building feature. Several countries across the region are expected to implement charging in residential and commercial buildings to scale up the EV charging infrastructure soon, which requires upgrading buildings' electrical infrastructure to satisfy the rising demand for EV charging. Additionally, EV charging at scale is subject to the careful planning of a building's electrical distribution system, along with the local electric-grid infrastructure. To enhance the accessibility and affordability of electric chargers, many building developers, urban planners, and electrical-equipment suppliers are actively integrating the EV charging infrastructure into standard building design plans. Furthermore, public charging stations in workplaces and dedicated EV charging hubs create a massive opportunity to expand the EV charging infrastructure market, owing to the rising adoption by less affluent buyers, including those residing in multiunit housing (having limited access to in-home charging). Therefore, the increase in the number and type of location of charging infrastructure, beyond single-family homes, to include its installation in apartment complexes, offices, fleet depots, parking lots, and commercial centers, is creating ample growth opportunities for the scaling-up of the EV charging infrastructure market across the region.

Market Overview

Despite the region's oil and fossil fuel wealth, renewable energy remains a top priority for MEAF government entities, motivated by a desire to be leaders in clean transportation technologies and environmental concerns. Favorable government policies and incentives for the uptake of electric vehicles are expected to fuel market growth in the future years, with Saudi Arabia and the UAE leading the way. With 200 Telsa EVs being launched into the Dubai taxi business, the UAE is at the forefront of innovation. This was the first move in Dubai's effort to promote green transportation options, tied to the government's goal of having self-driving vehicles account for 25% of all journeys by 2030. Furthermore, Dubai's two-part approach relies on electric vehicle charging infrastructure. The city is investing in hundreds of charging stations and offering financial incentives to EV users, including free charging and parking until the end of 2022. As a result, the region stands out as the go-to-market for EV charging infrastructure vendors, owing to a number of favorable initiatives and the growing usage of electric vehicles. Furthermore, the Saudi Arabian Standards Organization (SASO) intends to create regulations for the use of electric vehicles. It has indicated that 5% of its parking spots will be reserved exclusively for EVs. This decision is part of Saudi Arabia's overall endeavor to lower its carbon footprint and conserve its energy supplies. Hence, the development of EV charging infrastructure in the region is also aided by such initiatives.   

 MEA EV Charging Infrastructure Market Revenue and Forecast to 2028 (US$ Million)  

Middle East and Africa EV Charging Infrastructure Strategic Insights

Strategic insights for the Middle East and Africa EV Charging Infrastructure provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East and Africa EV Charging Infrastructure Report Scope

Middle East and Africa EV Charging Infrastructure Regional Insights

The geographic scope of the Middle East and Africa EV Charging Infrastructure refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

MEA EV Charging Infrastructure Market Segmentation   

The MEA EV charging infrastructure market is segmented based on operator type, platform, hardware, charger type, IEC mode, and country.  

• Based on operator type, the MEA EV charging infrastructure market is bifurcated into charge point operator and e-mobility service providers. Charge point operator segment held a larger market share in 2021. 
• Based on platform, the MEA EV charging infrastructure market is bifurcated into hardware and services. Hardware segment held a larger market share in 2021.
• Based on hardware, the MEA EV charging infrastructure market is bifurcated into AC charger and DC charger. AC charger segment held a larger market share in 2021. The AC charger segment is further divided into level 1 charger (120 v) and level 2 charger (240 v).
• Based on charger type, the MEA EV charging infrastructure market is bifurcated into public chargers and private chargers. Private chargers segment held a larger market share in 2021.
• Based on IEC mode, the MEA EV charging infrastructure market is segmented into 2, 3, and 4. The 2 segment held a largest market share in 2021.      
• Based on country, the MEA EV charging infrastructure market is segmented into the UAE, Saudi Arabia, South Africa, and rest of MEA. The UAE dominated the market in 2021. 

ABB Ltd.; Blink Charging Co.; BOSCH Auto Parts; Delta Electronics, Inc.; Driivz Ltd.; Eaton; EVBox; Leviton Manufacturing Co., Inc.; Siemens AG; Tesla, Inc.; Tritium; Wallbox Chargers, S.L.; and Webasto Group are the leading companies operating in the MEA EV charging infrastructure market.