Report Overview

Increasing government support for setting up EV (electric vehicle) charging infrastructure, growing environment awareness, high disposable income, and increasing EV production and sales are projected to drive the expansion of Saudi Arabia EV Charging Infrastructure Market at a significant growth rate during forecast period 2022 and 2028.

Saudi Arabia EV Charging Infrastructure Market - Industry Trends & Forecast Report, 2028

Saudi Arabia EV Charging Infrastructure Market size is projected to reach USD 472.6 million by 2028. During the forecast period between 2022 and 2028, Saudi Arabia EV charging infrastructure market size is expected to grow at CAGR of 12.4%. Saudi Arabia EV Charging Infrastructure Market growth is being driven by the increasing adoption of EVs and favorable government programs. Other factors contributing to the expansion of the Saudi Arabian EV charging infrastructure market include growth in market key players investing in the construction of EV charging infrastructure and technology advancements in EV charging infrastructure. To reduce its dependence on the oil and gas industry, the Saudi Arabia government is investing in additional revenue streams and incentivizing the expansion of other critical industrial verticals. In addition, the government is taking measures to boost consumer adoption of EVs and to promote a sustainable environment. For example, the National Industrial Development Center (NIDC) aims to attract three to four original equipment manufacturers (OEMs) to expedite manufacturing of EVs in Saudi Arabia.

Saudi Arabia EV Charging Infrastructure Market

Growth Drivers

Government’s supportive policies

Rising pollution levels as well as the demand for effective pollution control strategies are expected to drive Saudi Arabia EV charging infrastructure market. Stringent laws imposed to encourage the adoption of EVs as a solution to the alarmingly rising pollution problems are expected to boost Saudi Arabia EV charging infrastructure market in the coming years. Furthermore, tax benefits and subsidies provided by the government are also forecast to benefit the Saudi Arabia EV charging infrastructure market.

Restraints

High initial installation cost

Concerns about the high installation expenses involved with the setting up an EV charging infrastructure as well as a shortage of incentives may limit the growth of Saudi Arabia EV charging infrastructure market. However, various provisions for EVSE (electric vehicle supply equipment) have been implemented in Saudi Arabia. This, in turn, could help reduce the costs involved in EV charging infrastructure in the country.

Impact of COVID–19 on Saudi Arabia EV Charging Infrastructure Market

COVID-19 pandemic affected EV charging infrastructure market during the first half of 2020, because of the significant disruption in the supply chain. Vehicle immobility also had an impact on the transportation sector. However, with the relaxation of lockdown regulations and vaccination processes in 2021, EV sales in the country have regained momentum, fostering a favorable ecosystem for Saudi Arabia EV charging infrastructure market. Furthermore, the infrastructure readiness and high disposable income of the population in Saudi Arabia provide ample opportunities for the government to integrate a resilient charging infrastructure that enables electric mobility in the country. The COVID-19 pandemic had a mostly neutral impact on Saudi Arabia EV charging infrastructure market.

Saudi Arabia EV Charging Infrastructure Market

Segmental Coverage

Saudi Arabia EV Charging Infrastructure Market - By Vehicle Type

Based on vehicle type, Saudi Arabia EV charging infrastructure market is segmented into Two-Wheeler, Passenger Car, and Commercial Vehicle. The passenger car segment is expected to hold the highest market share due to evolving customer preference for investing in the acquisition of electric cars over traditional cars and private vehicle ownership.

Saudi Arabia EV Charging Infrastructure Market - By Type

Based on type, Saudi Arabia EV charging infrastructure market is bifurcated into AC and DC. In 2021, the AC segment held a higher market share, as commercial stations prefer AC charging stations for faster EV charging. The AC segment is also expected to continue its dominance in Saudi Arabia EV charging infrastructure market during the forecast period.

Saudi Arabia EV Charging Infrastructure Market - By Charging Mode

Based on charging mode, Saudi Arabia EV charging infrastructure market is bifurcated into Plug-in and Wireless. The wireless segment is expected to hold a higher market share during the forecast period, due its ease of use.

Saudi Arabia EV Charging Infrastructure Market - By Installed Location

Based on installed location, Saudi Arabia EV charging infrastructure market is split into residential and commercial. The commercial segment holds a higher market share in 2021 due to government initiatives and funding allocation by automobile manufacturers for expanding public electric charging infrastructure. Long-distance travel necessitates the installation of supporting infrastructure in public places, as overnight charging or charging at home is insufficient. Several public transportation agencies are collaborating with automotive manufacturers to install charging stations for electric buses, which is fueling the growth of the commercial segment even further.

Saudi Arabia EV Charging Infrastructure Market - By Connector Type

Based on connector type, Saudi Arabia EV charging infrastructure market is segmented into Type 1, Type 2, UK 3-Pin, CHAdemo, and CCS.  The CCS (combined charging systems) segment is expected to hold the highest market share due to quick charging. CCS is used to charge EVs quickly. It made use of Type 2 interface connections as well as two additional DC power lines that can operate with higher voltages than the conventional connector. It takes up minimal space in EVs and can be used on a variety of vehicles.

Saudi Arabia EV Charging Infrastructure Market - By Type of Charging

Based on type of charging, Saudi Arabia EV charging infrastructure market is bifurcated into Slow and Fast segments. The fast segment dominates the market due to growing consumer preference for simplicity and speed. Fast charging stations are designed to recharge electric batteries in the shortest amount of time possible. With continuous advancements in fast charging technology, the estimated duration for rapid charging is decreasing, allowing EVs to travel further. The installation of fast-charging stations in public places is expected to boost the sales of EVs.

Competitive Landscape

Saudi Arabia EV Charging Infrastructure Market is fiercely competitive. Major companies in the market include Electromaps S.L., Schneider Electric Saudi Arabia, NEC Saudi Arabia Ltd., ABB Ltd., CATEC Mobility, Delta Electronics, Tesla, Inc., and Tritium. To further enhance their market share, these players are primarily focused on the development of innovative and efficient products, new product releases, market initiatives, mergers and acquisitions, and other collaborative activities.

Recent Developments

• In August 2022 - Saudi Arabia Ministry of Energy, in collaboration with related government departments and private players, introduced the regulations for the setting up of EV charging stations across the country.

Scope of the Report

Attributes	Details
Years Considered	Historical Data – 2018–2021
	Base Year – 2021
	Estimated Year – 2022
	Forecast – 2022–2028
Facts Covered	Revenue in USD million
Market Coverage	Saudi Arabia
Product/ Service Segmentation	Vehicle Type, Type, Charging Mode, Installed Location, Connector Type, Type of Charging
Key Players	Electromaps S.L., Schneider Electric Saudi Arabia, NEC Saudi Arabia Ltd., ABB Ltd., CATEC Mobility, Delta Electronics, Tesla, Inc., Tritium

 

By Vehicle Type

• Two-Wheeler

• Passenger Car

• Commercial Vehicle

By Type

• AC

• DC

By Charging Mode

• Plug-in

• Wireless

By Installed Location

• Commercial

• Residential

By Connector Type

• Type 1

• Type 2

• UK 3-Pin

• CHAdeMO

• CCS

By Type of Charging

• Slow

• Fast

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Saudi Arabia EV Charging Infrastructure Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increased government policy support
         2. Rising Electric Vehicle Production and Sales
      2. Restraints
         1. Charging Standards Are Not Consistent
         2. Primitive power Grid infrastructure
         3. Others
      3. Opportunity
         1. Working of intelligent EV charging stations
         2. An increase in the need for EV charging in office buildings
         3. Others
      4. Challenges
         1. Price Variation of Raw Materials
         2. Others
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Saudi Arabia EV Charging Infrastructure Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Vehicle Type
         1. Two-Wheeler
         2. Passenger Car
         3. Commercial Vehicles
      2. By Type
         1. AC
         2. DC
      3. By Charging Mode
         1. Plug-in
         2. Wireless
      4. By Installed Location
         1. Commercial
         2. Residential
      5. By Connector Type
         1. Type 1
         2. Type 2
         3. UK 3-Pin
         4. CHAdeMO
         5. CCS
         6. Others
      6.  By Type of Charging
         1. Slow
         2. Fast
5. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Market Share Analysis, 2021
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid-19 on Saudi Arabia EV Charging Infrastructure Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
   1. Electromaps S.L.
   2. Schneider Electric Saudi Arabia
   3. NEC Saudi Arabia Ltd.
   4. ABB Ltd.
   5. CATEC Mobility
   6. Delta Electronics
   7. Tesla, Inc.
   8. Tritium
   9. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation

 

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List of Figures

 

Figure 1  Saudi Arabia EV Charging Infrastructure Market Segmentation

Figure 2  Saudi Arabia EV Charging Infrastructure Market Value Chain Analysis

Figure 3  Company Market Share Analysis, 2021

Figure 4  Saudi Arabia EV Charging Infrastructure Market Size, By Value (USD Billion), 2018-2028

Figure 5  Saudi Arabia EV Charging Infrastructure Market Share, By Vehicle Type, By Value, 2018-2028

Figure 6  Saudi Arabia EV Charging Infrastructure Market Share, By Type, By Value, 2018-2028

Figure 7  Saudi Arabia EV Charging Infrastructure Market Share, By Charging Mode, By Value, 2018-2028

Figure 8  Saudi Arabia EV Charging Infrastructure Market Share, By Installed Location, By Value, 2018-2028

Figure 9   Saudi Arabia EV Charging Infrastructure Market Share, By Connector Type, By Value, 2018-2028

Figure 10     Saudi Arabia EV Charging Infrastructure Market Share, By Type of Charging, By Value, 2018-2028

 

List of Table

 

Table 1       Saudi Arabia EV Charging Infrastructure Market Size, By Vehicle Type, By Value (USD Billion), 2018-2028

Table 2       Saudi Arabia EV Charging Infrastructure Market Size, By Type, By Value (USD Billion), 2018-2028

Table 3       Saudi Arabia EV Charging Infrastructure Market Size, By Charging Mode, By Value (USD Billion), 2018-2028

Table 4       Saudi Arabia EV Charging Infrastructure Market Size, By Installed Location, By Value (USD Billion), 2018-2028

Table 5       Saudi Arabia EV Charging Infrastructure Market Size, By Connector Type, By Value (USD Billion), 2018-2028

Table 6       Saudi Arabia EV Charging Infrastructure Market Size, By Type of Charging, By Value (USD Billion), 2018-2028

Table 7       Electromaps S.L. Company Overview

Table 8       Electromaps S.L. Financial Overview

Table 9       Schneider Electric Saudi Arabia Company Overview

Table 10      Schneider Electric Saudi Arabia Financial Overview

Table 11      NEC Saudi Arabia Ltd. Company Overview

Table 12      NEC Saudi Arabia Ltd. Financial Overview

Table 13      ABB Ltd. Company Overview

Table 14      ABB Ltd. Financial Overview

Table 15      CATEC Mobility Company Overview

Table 16      CATEC Mobility Financial Overview

Table 17      Delta Electronics Company Overview

Table 18      Delta Electronics Financial Overview

Table 19      Tesla, Inc. Company Overview

Table 20      Tesla, Inc. Financial Overview

Table 21      Tritium Company Overview

Table 22      Tritium Financial Overview