PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1251881
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1251881
KSA EV Charging Equipment Market Overview
According to SPER Market Research, the KSA EV Charging Equipment Market is estimated to reach USD XX billion by 2032 with a CAGR of XX%.
Electric vehicle (EV) charging equipment is a gadget that enables you to recharge an EV's battery. From small portable devices to big, public charging stations, this equipment is available in a variety of shapes and sizes. The EV ecosystem cannot function without EV charging devices. There is an increasing need for dependable and effective charging infrastructure as more and more people transition to electric vehicles.
This infrastructure consists of both public charging stations for usage by businesses and municipalities as well as home charging devices for individual EV users. Level 1, Level 2, and DC rapid charging are the three primary categories of EV charging equipment. The most basic charging technology, Level 1, is usually included as standard with most electric vehicles. An EV can be charged significantly more quickly than at Level 1 using Level 2 equipment, which uses a 240-volt outlet and normally takes 4 to 8 hours to fully charge. This kind of equipment is perfect for charging at home and is also available in public spaces like parking lots and shopping malls.
The fastest sort of charging equipment is DC fast charging, which can charge an EV to 80% in as little as Half an Hour. These charging stations are perfect for long-distance travel and are often found alongside major roads and in commercial areas. In general, EV charging infrastructure is a crucial part of the switch to electric vehicles. In the years to come, we may anticipate seeing more effective, practical, and economical charging alternatives as technology advances.
Impact of COVID-19 on the Saudi Arabia EV Charging Equipment Market
The Saudi Arabian market for electric vehicle (EV) charging equipment has been significantly impacted by the COVID-19 outbreak. The viral outbreak has caused a drop in EV demand, which has slowed the expansion of the nation's market for EV charging equipment. The economic uncertainty brought on by the epidemic is one of the main causes of this delay. Consumer spending has decreased as a result of several people losing their jobs or seeing their earnings decline. As a result, there is less demand for EVs and less need for EV charging infrastructure.
Scope of the Report
Report Metric Details:
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered
By Type of Vehicles, By Type of Chargers, By Type of Collectors, By Type of Ecosystems, By Source of Manufacturing, By Application
Regions covered Riyadh, Jeddah, Dammam, Al Khobar, Rest Of KSA
Companies Covered
ABB Ltd, Abunayyan Trading, Altaaqa Alternative Solutions, ASX EV Solutions, Circontrol ALITCO, Electromin, ESSCO, EVBox, Motevs, Qabis, Scheider Electronics, Siemens, Turning Point Energy, Wallbox Charger, Zain
KSA EV Charging Equipment Market Segmentation:
By Type of Vehicle: Based on the Type of Vehicle, KSA EV Charging Equipment Market is segmented as; Commercial Vehicle, Passenger Vehicle.
By Type of Chargers: Based on the Type of Chargers, KSA EV Charging Equipment Market is segmented as; AC, DC.
By Source of Manufacturing: Based on the Source of Manufacturing, KSA EV Charging Equipment Market is segmented as; Same Day Delivery, Next Day Delivery, More than 2 days.
By Application: Based on the Application, KSA EV Charging Equipment Market is segmented as; Portable Chargers, Private Chargers, Public Chargers
By Region: This report also provides the data for key regional segments of Riyadh, Jeddah, Dammam, Al Khobar, Rest Of KSA.