Charging Device for EV Market size is estimated to be USD 10.78 Billion in 2024 and is expected to reach USD 61.76 Billion by 2033 at a CAGR of 23.03% from 2026 to 2033.
As Malaysia accelerates its transition to electric vehicles (EVs), the demand for reliable and standardized charging infrastructure has surged. The 'Charging Device for EV Market' is pivotal in this transformation, serving as the backbone of the nation's EV ecosystem. This article delves into the current state of EV charging devices in Malaysia, highlighting industry requirements and the regulatory framework that governs their deployment.
In 2023, the Energy Commission of Malaysia mandated that all public EV chargers obtain an Electric Vehicle Charging System (EVCS) license by March 31, 2023. This directive was aimed at ensuring safety, standardization, and technical compliance across the nation's charging infrastructure. The EVCS license, valid for 10 years, is issued to charge point operators (CPOs) conducting electricity supply activities for commercial purposes. Notably, this license allows operators to charge based on kilowatt-hours (kWh) rather than time, promoting fairer pricing for consumers.
The regulatory framework also stipulates specific installation guidelines. For instance, DC fast chargers are permitted only on the ground and the first two upper levels of parking in multi-storey buildings, and for basement parking, only on the first level below ground. These measures align with fire safety requirements and the guidelines set forth by the Fire and Rescue Department of Malaysia (BOMBA).
Furthermore, the Malaysian government has introduced the Green Building Index (GBI) and GreenRE rating tools, which incentivize developers to incorporate EV charging facilities in new developments. These initiatives aim to promote sustainability and facilitate the adoption of electric mobility.
In conclusion, the 'Charging Device for EV Market' in Malaysia is undergoing significant evolution, driven by regulatory mandates and industry collaboration. The establishment of a standardized and safe charging infrastructure is crucial to support the growing number of EVs on the road and to achieve the nation's environmental and sustainability goals.
Get an In-Depth Research Analysis of the Malaysia Charging Device for EV Market Size And Forecast [2025-2032]
Â
AeroVironment Inc
GE Co.
Schneider Electric SA
ChargePoint
Inc
Chargemaster PLC
Eaton Corp.
Leviton Manufacturing Company
Inc
Siemens AG
Â
By 2030, Malaysia is expected to witness significant momentum in the market research industry, aligning with the global projection of surpassing $120 billion, driven by a compound annual growth rate (CAGR) of over 5.8% from 2023 to 2030. The industry in Malaysia is being reshaped by technological disruptions, particularly through the adoption of machine learning, artificial intelligence, and advanced data analytics. These technologies provide businesses with predictive analysis and real-time consumer insights, enabling smarter and more precise decision-making. As part of the broader Asia-Pacific region, Malaysia is positioned to contribute substantially to the over 35% revenue growth expected from this region. Additionally, the adoption of innovative techniques such as mobile surveys, social listening, and online panels is rapidly gaining ground in Malaysia, emphasizing speed, precision, and customization, and driving a new era of data-driven strategies across industries.
Â
Get Discount On The Purchase of the Malaysia Charging Device for EV Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Malaysia Charging Device for EV Market
Level 1 Chargers
Level 2 Chargers
DC Fast Chargers
Ultra-Fast Chargers
Portable Chargers
Wall-mounted Chargers
Public Charging Stations
Fleet Chargers
Universal Chargers
Vehicle-specific Chargers
Charger Adapters
Wireless Charging Technologies
Residential Charging Solutions
Commercial Charging Solutions
Workplace Charging Stations
Government and Municipal Charging Initiatives
Individual EV Owners
Corporate Fleets
Ride-sharing Services
Government and Public Sector Entities
1. Singapore
Relationship: Strong economic ties; major trading partner.
Highlights: Advanced financial and logistics hub; shares deep cross-border business and travel links with Malaysia.
2. Indonesia
Relationship: Largest ASEAN economy; close cultural and linguistic ties.
Highlights: Major market for Malaysian exports; shared initiatives in palm oil, labor, and regional security.
3. Thailand
Relationship: Land-border neighbor with active cross-border trade.
Highlights: Strong tourism, agricultural, and automotive collaboration.
4. Brunei
Relationship: Close diplomatic and energy-sector ties.
Highlights: Joint ventures in oil & gas; similar Malay cultural heritage.
5. Philippines
Relationship: Regional partner in ASEAN; maritime neighbor.
Highlights: Collaborations in education, labor migration, and disaster relief.
6. Vietnam
Relationship: Growing trade and investment partner.
Highlights: Rising manufacturing hub; strong demand for Malaysian technology and services.
7. Cambodia, Laos, and Myanmar
Relationship: Developing ASEAN members with growing economic ties to Malaysia.
Highlights: Opportunities in construction, retail, and financial services.
For More Information or Query, Visit @ Malaysia Charging Device for EV Market Research Analysis
1. Introduction of the Malaysia Charging Device for EV Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Malaysia Charging Device for EV Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Malaysia Charging Device for EV Market, By Type
6. Malaysia Charging Device for EV Market, By Application
7. Malaysia Charging Device for EV Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia
Vietnam
8. Malaysia Charging Device for EV Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/