United Arab Emirates Fuel Station Market Research Report published by market insight reports explores the current outlook in United Arab Emirates and key regions from the perspective of Major Players, Countries, Product types and end industries. This report analyzes top players in the United Arab Emirates market, and divides the Market into several parameters.
This Fuel Station Market research report identifies the competitive landscape of industries to understand the competition at International level. This report study describes the projected growth of the United Arab Emirates market for approaching years from 2019 to 2025. This research report has been aggregated on the basis of static and dynamic aspects of the businesses.
The production of Premium Motor Spirit (PMS) or Petrol is expected to grow at a CAGR of more than 1% during the forecast period.
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The prominent players in the United Arab Emirates Fuel Station Market:
ADNOC, Emirates General Petroleum Corporation, Emirates National Oil Company (ENOC), and Others.
Key Market Trends: –
Compact Fuel Station Concept to Drive the Market
– The growth in the number of UAE registered vehicles keeps pace alongside the growth in the countrys population. This is directly translated into greater demand for fuel stations in the years ahead.
– In December 2018, ENOC Group has piloted its first compact fuel station concept in Dubai.
The pilot station is designed to cater to the need of residents living in residential communities and is equipped with one above tank fuel dispenser and a vending machine. The fuelling unit is distinguished for its mobility as it can be dismantled, relocated, and re-installed at locations without easy access to fuel in just 30 days.
– These fuelling stations can be placed in the parking areas of urban locations with an anticipated capacity of 30,000 L.
– Further, 25 million visitors expected to visit the UAE ahead of Expo 2020-2021. Thus, this new innovative concept offers customers a new fuelling offering, which will serve areas where it is difficult to build new stations.
– Thus, this is technology is expected to drive the fuel station market in the UAE during the forecast period.
Increasing Adoption of Electric Vehicles to Restraint the Growth of the Market
– A desire for greater decarbonization of transport in the UAE, the government is expected to encourage further technological and economic improvements in all-electric vehicle technologies for their use in each level of vehicle hybridization and electrification.
– In the current market scenario, policy support is the major factor driving the electric vehicle adoption. Policy support enables market growth by making vehicles appealing to consumers, reducing risks for investors, and encouraging manufacturers to develop electric vehicles on a large scale. ?
– For instance, in February 2020, the government is planning to launch a free charging station for electric vehicles in Sharjah. The Sharjah City Municipality (SCM) and the Sharjah Electricity and Water Authority (Sewa) partnered for this project. ION a UAE-based company will be supplying, installing, and operating the EV charging stations in the emirate.
– Thus, the increasing adoption of electric vehicles is expected to hinder the growth of fuel station market in the country.
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Fuel Station Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Fuel Station Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
Browse in-depth and report summary TOC on “Fuel Station Market”:
Finally, the Fuel Station market report offers a complete and detailed study of United Arab Emirates Fuel Station market by using numerous analytical tools and models such as SWOT analysis, investment return analysis, and porter’s five forces analysis which are useful for beginners to access the upcoming opportunities. After exploring the market insights through primary and secondary research methodologies, if anything is required except than this, market insight reports will provide customization as per specific demands.
Note: – All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.