Saudi Arabia Electric Vehicle Charging Infrastructure Market 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, Others), By Type of Charging (Slow, Fast), By Region, Competition Forecast & Opportunities, 2028
Published Date: April - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationSaudi Arabia Electric Vehicle Charging Infrastructure Market size
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The Saudi Arabia electric vehicle charging infrastructure market size was USD 156.1 million in 2024 and is projected to reach USD 1,043.3 million by 2033, with a growth rate (CAGR) of 22.33% during 2025-2033. This growth is driven by rising electric vehicle sales, government support, and the development of an EV battery supply chain.
Saudi Arabia electric vehicle charging infrastructure market is anticipated to register a robust CAGR during the forecast period.Increasing sales of electric vehicles and favorable government initiatives are the primary factors driving the growth of Saudi Arabia electric vehicle charging infrastructure market. Also, the rise in the market players investing in the set-up of electric vehicle charging infrastructure and the ongoing advancements in electric vehicle charging infrastructure is the other factors boosting the Saudi Arabia electric vehicle charging infrastructure market growth in the next five years.
Rising Sales of Electric Vehicle Drives the Market Growth
The high per capita income of the consumers, urbanization, and development of road infrastructure allow the consumers to spend on a quality lifestyle. Consumers want to spend on buying private vehicles for daily commute. With increasing awareness of the advantages of electric vehicle usage and government support, the demand for electric vehicles is likely to increase at a high growth rate. The Saudi Arabian electric vehicle charging infrastructure market earned a revenue of USD0.71 million in 2021. The Kingdom of Saudi Arabia is in the process of establishing an EV battery supply chain since the mining companies have started looking for battery metals which are anticipated to drive the growth of Saudi Arabia electric vehicle charging infrastructure market over the next five years. Hyzon Motors and Modern Group disclosed in May 2021 that they signed a memorandum to build an electric vehicle manufacturing facility capable of producing up to 10,000 hydrogen fuel cell commercial vehicles a year in Saudi Arabia. The increase in the number of market players who are securing metal exploration permits to produce electric vehicle batteries and increasing demand from the booming transport and logistics sector is likely to fuel the Saudi Arabia electric vehicle charging infrastructure market demand during the forecast period.
Supportive Government Policies Favors the Market Growth
The government is laying emphasis on the creation of new sources of revenue to minimize dependence on the oil & gas sector and encouraging growth of other key industry verticals. The Kingdom of Saudi Arabia has committed that at least 30% of the total cars will be electric in Riyadh by 2030. At the Saudi climate conference, Crown Prince Mohammad bin Salman has announced to reach net-zero carbon emissions by 2060. Vehicles running on traditional sources of energy emit toxic emissions into the environment and are being counted as the primary source of pollution. The government is also making efforts to encourage the consumption of electric vehicles by consumers in order to support a sustainable environment, including the National Industrial Development Center (NIDC) aims to attract 3-4 original equipment manufacturers to support the production of electric vehicles in the country. As per the vision of Saudi Arabia 2030, lading authorities are providing income tax rebates, tax incentives, loans, and subsidies on manufacturing and sales of electric vehicles. For the smooth operation of electric vehicles, the government is investing in building sufficient electric vehicle charging stations. With the encouragement and massive investments for the development of EV charging stations, the Saudi Arabia electric vehicle charging infrastructure market is anticipated to expand at a high rate.
Construction of Smart City Supports the Market Growth
The construction of mega-city Neom city is ongoing and will only accommodate electric vehicles as it is designed to be net-zero carbon emission and utilize only renewable energy sources. In order to facilitate the operation of a high number of electric vehicles, the development of EV charging stations is compulsory. Government authorities are likely to invest heavily in order to facilitate electric vehicle charging infrastructure in Neom city. The increasing developments in battery charging technology and the availability of wireless chargers are likely to drive the Saudi Arabia electric vehicle charging infrastructure market growth over the period of the next five years.
Market Segmentation
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The Saudi Arabia electric vehicle charging infrastructure market is categorized by vehicle type, type, charging mode, installed location, connector type, type of charging, regional distribution, and company. By vehicle type, the market is categorized into two- wheeler, passenger car, and commercial vehicle. By type, the market is categorized into AC and DC. By charging mode, the market is categorized into plug-in and wireless. Depending on installed location, the market is segmented into commercial and residential. Depending on connector type, the market is segmented into type 1, type 2, UK 3-Pin, CHAdeMO, CCS, and others. Depending on type of Charging, the market is segmented into slow and fast. To understand the market on the basis of the region, the Saudi Arabia electric vehicle charging infrastructure market is examined in major regions i.e. North & Central region, Southern region, Western region, and Eastern region.
Market Players
the major market players operating in the Saudi Arabia electric vehicle charging infrastructure market.
Schneider Electric Saudi Arabia
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Attribute |
Details |
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Base Year |
2022 |
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Historic Data |
2018 – 2021 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2028 |
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Quantitative Units |
Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028 |
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Report coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
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Segments covered |
· Vehicle Type · Type · Charging Mode · Installed Location · Connector Type · Type of Charging |
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Regional scope |
Northern & Central, Southern, Eastern, Western |
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Key companies profiled |
Electromaps S.L., Schneider Electric Saudi Arabia, NEC Saudi Arabia Ltd., ABB Ltd., and CATEC Mobility |
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Customization scope |
10% free report customization with purchase. Addition or alteration to regional & segment scope. |
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Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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