DUBLIN–(BUSINESS WIRE)–The “Middle East and Africa Electric Vehicle Charging System Market 2021-2028” report has been added to ResearchAndMarkets.com’s offering.
Middle East and Africa electric vehicle charging system market is evaluated to witness growth in terms of value at a CAGR of 50.85% in the considered period 2021-2028. South Africa, Turkey, the UAE, Saudi Arabia, and Rest of Middle East & Africa form the market in the given region.
In recent years, electric vehicles have gained significant traction in Saudi Arabia. The country is yet to build a detailed framework to incentivize people to shift their preference from conventional cars to electric vehicles.
Even though oil is among the main sources of national revenue, new renewable energy and clean transportation technologies are supporting the economic growth of the country. Under the Vision 2030 plan, the government aims to reduce its reliance on oil, diversify the economy, and deploy various social reforms. Therefore, the push to augment the sales of electric vehicles will increase the need for efficient charging systems, positively influencing the growth of the electric vehicle charging system market.
As per multiple reports, the demand for plugin electric vehicles is growing steadily in South Africa. There is an equal demand for battery electric vehicles in the country. Despite the high price of these vehicles, their demand has been decent in the recent past. Moreover, the implementation of public chargers is growing across the country.
From shopping malls to airports, the charging systems are being deployed across various locations. Hence, such promising growth in electric vehicles will stimulate the expansion of the electric vehicle charging system market within South Africa.
The firms profiled in the electric vehicle charging system market are Delta Electronics Inc, Siemens, ChargePoint, ABB Ltd, Schneider Electric, SemaConnect, and Eaton.
Key Topics Covered:
1. Middle East and Africa Electric Vehicle Charging System Market – Summary
2. Industry Outlook
2.1. Key Insights
2.1.1. Rise in Investments in Electric Vehicle Industry
2.1.2. Rising Environmental Pollution Increases Growth Prospects for the Market
2.1.3. Many Countries Have Set Targets to Phase-Out Internal Combustion Engine Vehicles
2.2. Impact of COVID-19 on Electric Vehicle Charging System Market
2.3. Porter’s Five Forces Analysis
2.4. Market Attractiveness Matrix
2.5. Industry Components
2.6. Vendor Scorecard
2.7. Key Market Strategies
2.7.1. Contracts & Partnerships
2.7.2. Business Expansions & Divestitures
2.7.3. Acquisitions & Mergers
2.7.4. New Product Launches
2.8. Market Drivers
2.8.1. Growth in Electric Vehicle Sales
2.8.2. Governmental Initiatives in Favor of the Market
2.8.3. Technological Innovations
2.9. Market Challenges
2.9.1. High Setup Costs
2.9.2. Lack of Standardization
2.9.3. Extended Charging Time and Competition from Other Technologies
2.10. Market Opportunities
2.10.1. Advancements in Wireless Charging Technology
2.10.2. Growth in Vehicle-To-Grid (V2G) Technologies
2.10.3. Opportunities from Changing Market Dynamics
3. Middle East and Africa Electric Vehicle Charging System Market – by Product Type
3.1. Home Charging Systems
3.2. Commercial Charging Systems
4. Middle East and Africa Electric Vehicle Charging System Market – by Mode of Charging
4.1. Plug-In Charging System
4.1.1. Level 1
4.1.2. Level 2
4.1.3. Level 3
4.2. Wireless Charging System
5. Middle East and Africa Electric Vehicle Charging System Market – Regional Outlook
5.1. United Arab Emirates
5.3. Saudi Arabia
5.4. South Africa
5.5. Rest of Middle East & Africa
6. Competitive Landscape
6.1. Abb Ltd
6.6. Delta Electronics Inc
6.11. Schneider Electric
For more information about this report visit https://www.researchandmarkets.com/r/tqpjp7