Saudi Arabia Portable Electric Vehicle Charger Market Size, , By Application

the demand for sustainable transportation solutions is on the rise globally, and saudi arabia is no exception. in recent years, the country has been making significant efforts to promote the use of electric vehicles (evs) as a means to reduce reliance on fossil fuels and decrease carbon emissions. this has led to an increased demand for portable electric vehicle chargers in the saudi arabian market. the saudi arabia portable electric vehicle charger market is projected to grow significantly in the coming years. the market is expected to reach a value of over usd 130 million by 2025, growing at a cagr of approximately 15% between 2020 and 2025. this growth can be attributed to several factors. firstly, the government of saudi arabia has been actively promoting sustainable transportation as part of its vision 2030 initiative. this initiative aims to diversify the country's economy and reduce its reliance on oil exports. as part of this, the government has set a target to have 30% of its vehicles run on clean energy by 2030. this has led to a surge in the demand for evs, thereby driving the demand for portable electric vehicle chargers. secondly, the increasing awareness and concern about environmental issues among consumers have also played a significant role in the growth of the portable electric vehicle charger market in saudi arabia. with rising air pollution levels and climate change concerns, more and more consumers are switching to electric vehicles as a greener and more sustainable option. this has further fueled the demand for portable electric vehicle chargers. in terms of applications, the market can be segmented into residential, commercial, and public infrastructure. the residential segment is expected to hold the largest share of the market, owing to the increasing number of ev owners who prefer to charge their vehicles at home. the commercial segment is also expected to see significant growth, as many businesses are now looking to provide ev charging facilities for their employees and customers. in conclusion, the demand for portable electric vehicle chargers in saudi arabia is expected to witness a steady growth in the coming years, driven by government initiatives, increasing awareness about environmental issues, and the growing popularity of evs. this presents a lucrative opportunity for the manufacturers and suppliers of portable electric vehicle chargers in the country.