KSA EV Charging Equipment Market Outlook to 2027F
Description
KSA EV Charging Equipment Market Outlook to 2027F
The report provides a comprehensive analysis of the potential of the EV Charging Equipment market in KSA. The report covers an overview and genesis of the industry, and market size in terms of revenue generated for EV Charging Equipments along with a snapshot on EV Market.
Market segmentations for EV Market include - By Types of Vehicles, By Types of Battery, By Types of Propulsion, and By Major Cities. Market Segmentations for EV Charging Equipments Market include - By Types of Chargers, By Types of Connectors, By Types of Entities, By Types of Sales Channels, By Source of Manufacturing and By Application. The report also includes growth enablers and drivers; challenges and bottlenecks; driving adoption trends; regulatory framework; end-user analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation, future trends and analyst recommendations.
Market Overview:
According to Ken Research estimates, the KSA EV Charging Equipment Market –grew from approximately SAR ~0.2 Mn in 2022 to SAR ~1.5 Mn in 2025F. This is forecasted to grow further into a SAR ~4.8 Mn opportunity by 2027F, owing to supportive government policies and the entry of new market players.
Saudi authorities began allowing their citizens to import EVs for personal use in 2018.
Under Vision 2030, the government has strong plans for increasing the number of EVs in the region, supporting the EV Charging equipment market.
Currently, there are no domestic EV charging equipment manufacturing companies in KSA. All products are imported into the country.
Key Trends by Market Segment:
By Type of Application: Private chargers are widely used in the region as public infrastructure is not efficient in the region. Portable chargers are expensive and are not considered by the majority of EV owners right now.
By Major Cities: In 2022, the majority of revenue was generated in Riyadh. Riyadh being the capital city is foremost to absorb the ongoing trends in the market.
Competitive Landscape for EV Market
Competitive Landscape for EV Charging Equipment Market
Future Outlook
The KSA EV Charging Equipment market is projected to witness a CAGR of ~88% between 2022 to 2027F. This is majorly due to the setting up of new manufacturing plants in the kingdom, the growing economy and high urban population, and the empowerment of new energy resources.
The EV market in Saudi Arabia is predicted to grow at a very high growth rate by 2027 as a result of increased government expenditures, the desire for a sustainable mode of transportation, and logistics firms shifting to eco-friendly solutions. Vision 2030 is expected to be a significant development driver in the industry, fuelling the rise of EVs. New brands entering the market, as well as new industrial projects in the region, are likely to be significant growth drivers in the Kingdom. Moreover, the EV charging equipment market in KSA is expected to generate a revenue of SAR 4.8 Mn by 2027F as the market is expected to progress due to a rise in the number of electric vehicles and increased investment in charging infrastructure.
Please Note:It will take 5-7 business days to complete the report upon order confirmation.
The report provides a comprehensive analysis of the potential of the EV Charging Equipment market in KSA. The report covers an overview and genesis of the industry, and market size in terms of revenue generated for EV Charging Equipments along with a snapshot on EV Market.
Market segmentations for EV Market include - By Types of Vehicles, By Types of Battery, By Types of Propulsion, and By Major Cities. Market Segmentations for EV Charging Equipments Market include - By Types of Chargers, By Types of Connectors, By Types of Entities, By Types of Sales Channels, By Source of Manufacturing and By Application. The report also includes growth enablers and drivers; challenges and bottlenecks; driving adoption trends; regulatory framework; end-user analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation, future trends and analyst recommendations.
Market Overview:
According to Ken Research estimates, the KSA EV Charging Equipment Market –grew from approximately SAR ~0.2 Mn in 2022 to SAR ~1.5 Mn in 2025F. This is forecasted to grow further into a SAR ~4.8 Mn opportunity by 2027F, owing to supportive government policies and the entry of new market players.
Saudi authorities began allowing their citizens to import EVs for personal use in 2018.
Under Vision 2030, the government has strong plans for increasing the number of EVs in the region, supporting the EV Charging equipment market.
Currently, there are no domestic EV charging equipment manufacturing companies in KSA. All products are imported into the country.
Key Trends by Market Segment:
By Type of Application: Private chargers are widely used in the region as public infrastructure is not efficient in the region. Portable chargers are expensive and are not considered by the majority of EV owners right now.
By Major Cities: In 2022, the majority of revenue was generated in Riyadh. Riyadh being the capital city is foremost to absorb the ongoing trends in the market.
Competitive Landscape for EV Market
Competitive Landscape for EV Charging Equipment Market
Future Outlook
The KSA EV Charging Equipment market is projected to witness a CAGR of ~88% between 2022 to 2027F. This is majorly due to the setting up of new manufacturing plants in the kingdom, the growing economy and high urban population, and the empowerment of new energy resources.
The EV market in Saudi Arabia is predicted to grow at a very high growth rate by 2027 as a result of increased government expenditures, the desire for a sustainable mode of transportation, and logistics firms shifting to eco-friendly solutions. Vision 2030 is expected to be a significant development driver in the industry, fuelling the rise of EVs. New brands entering the market, as well as new industrial projects in the region, are likely to be significant growth drivers in the Kingdom. Moreover, the EV charging equipment market in KSA is expected to generate a revenue of SAR 4.8 Mn by 2027F as the market is expected to progress due to a rise in the number of electric vehicles and increased investment in charging infrastructure.
Please Note:It will take 5-7 business days to complete the report upon order confirmation.
Table of Contents
114 Pages
- 1. Executive Summary
- 1.1 Executive Summary: EV Charging Equipment Market in KSA
- 2. Country Overview
- 2.1 KSA Country Profile (Overview, Major Provinces, GDP & Inflation Rate, Urban & Rural Population, Imports& Exports Scenario)
- 2.2 KSA Population Analysis (Population by Gender, by Age, by Nationality, by Major Regions, Population Facts)
- 3. EV Market Overview in KSA
- 3.1 Electric Vehicle Landscape in KSA (2/2)
- 3.2 Ecosystem of Major Entities in the KSA
- 3.3 Regulations for Electric Vehicles in KSA
- 3.4 Electric Vehicle Adoption Trends in KSA
- 4. Government Regulations for EVs
- 4.1 Main Entities Responsible for the Deployment of EVs in KSA
- 4.2 Regulatory Framework for Electric Vehicle Charging Activity
- 4.3 Spatial and Technical Requirements for Charging Electric Vehicles
- 5. KSA EV Market Sizing Analysis, 2022
- 5.1 Market Sizing Analysis of KSA EV Market
- 5.2 By Type of Vehicles, 2022
- 5.3 By Type of Batteries, 2022
- 5.4 By Types of Propulsion, 2022
- 6. Competition Framework EV Market in KSA
- 6.1 Competitive Landscape of Major Players Operating in the EV Market in KSA
- 6.2 Market Share of Major Players in KSA EV Market, 2022
- 6.3 Future EV Manufacturing Projects in KSA
- 6.4 Future Plans of Major EV brands in KSA
- 7. KSA EV Charging Equipment Market Overview
- 7.1 Ecosystem of Entities Operating in EV Charging Equipment Market
- 7.2 Heat Map of Major Companies operating in the EV Charging Equipment Manufacturing Space
- 7.3 Current EV Charging Stations in KSA
- 7.4 Value Chain Analysis of EV Charging Equipment Market in KSA
- 7.5 Procurement Funnel
- 7.6 Available EVSE Types with Connector Types in KSA
- 8. KSA EV Charging Equipment Market Sizing Analysis, 2022
- 8.1 Market Sizing Analysis of EV Charging Equipment Market in KSA, 2022
- 8.2 By Type of Vehicle, 2022
- 8.3 By Type of Chargers; AC and DC, 2022
- 8.4 By Type of Connectors, 2022
- 8.5 By Type of Ecosystem, 2022
- 8.6 By Type of Sales Channel and Source of Manufacturing, 2022
- 8.7 By Type of Application, 2022
- 8.8 By Major Cities, 2022
- 9. Industry Analysis of EV Charging Equipment Market
- 9.1 Charge Point Operators: Roles and Responsibilities
- 9.2 Steps for Licensing EV Charging Stations
- 9.3 Support Infrastructure for Vehicle Electrification in KSA
- 9.4 SWOT Analysis of KSA EV Charging Equipment Market
- 9.5 Barriers in the Adoption of EVs in Saudi Arabia
- 9.6 Growth Drivers of KSA EV Charging Equipment Market
- 10. End User Analysis of EV Equipment Charging Market in KSA
- 10.1 Understanding the Decision Making Parameters (2/2)
- 10.2 End User Paint Points and Solutions
- 11. Competition Framework for EV Charging Equipment Market
- 11.1 Competitive Landscape of Major Players Operating in the EV Charging Equipment Market in KSA
- 11.2 Cross Comparison of Major Players in the KSA EV Charging Equipment Market (2/2)
- 11.3 Recent Development related to Major Players in KSA EV Equipment Market
- 11.4 Product Cross-Comparison of Major Players in the EV Charging Equipment Market (4/4)
- 11.5 Pricing Analysis of Major Player in the EV Charging Equipment Marketplace
- 11.6 Pricing for Electric Vehicles in KSA Market (2/2)
- 12. Future Market Sizing and Segmentation, 2027F
- 12.1 Future Market Sizing Analysis for EV Market in KSA, 2022-2027F
- 12.2 Future Market Sizing Analysis of EV Charging Equipment Market in KSA, 2027F
- 12.3 By Type of Vehicles, 2027F
- 12.4 By Type of Chargers and Connectors, 2027F
- 12.5 By Type of Ecosystem and Type of Applications, 2027F
- 12.6 By Type of Sales Channel and Source of Manufacturing, 2027F
- 12.7 By Major Cities, 2027
- 13. Future Market Trends for EV Charging in KSA
- 13.1 Future of EV adoption Under Saudi Vision 2030
- 13.2 Expectations and Milestones for the Future EV Market in KSA
- 13.3 Future Trends driving the Adoption of EVs in the Kingdom
- 13.4 Key Factors responsible for EV Adoption
- 13.5 Key Factors Driving Electrification in KSA
- 14. Market Opportunities and Analyst Recommendations
- 14.1 Case Study- Shell Global
- 14.2 Attributes of Highly Effective EV Charging Station
- 14.3 Measure to Establish EV Culture in KSA
- 14.4 Growth Strategies for EV Charger Manufacturers in KSA
- 14.5 Key Market Opportunities
- 14.6 Potential Product Options and Emerging Business Solutions
- 14.7 Benefits of Adopting Battery Swapping
- 15. Industry Speaks
- 16. Research Methodology
- 16.1 Market Definitions and Assumptions
- 16.2 Abbreviations
- 16.3 Market Sizing Approach
- 16.4 Consolidated Research Approach
- 16.5 Sample Size Inclusion
- 16.6 Limitation and Future Conclusion
- Disclaimer
- Contact Us
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