Malaysia Automotive Electric Engine Market size is expected to develop revenue and exponential market growth at a remarkable CAGR during the forecast period from 2024–2030.
The Malaysian automotive industry is undergoing a significant transformation as it embraces the shift towards electric vehicles (EVs). Central to this evolution is the development of the automotive electric engine market, which is being shaped by various types of electric engines and the specific requirements of industries within the country.
Types of Automotive Electric Engines in Malaysia
Battery Electric Vehicles (BEVs): These vehicles operate solely on electric power stored in batteries. The Malaysian government has been proactive in promoting BEVs by offering incentives such as tax exemptions. For instance, as of 2022, EVs are exempt from both import and excise taxes, making them more accessible to consumers.
Hybrid Electric Vehicles (HEVs): HEVs combine internal combustion engines with electric propulsion, aiming to improve fuel efficiency and reduce emissions. The Malaysian market has seen a growing interest in HEVs, with sales increasing significantly in recent years.
Plug-in Hybrid Electric Vehicles (PHEVs): PHEVs can be recharged via an external power source, allowing for extended electric-only driving ranges. This flexibility appeals to consumers seeking a balance between traditional and electric driving experiences.
Industry Requirements and Developments
Infrastructure Expansion: A robust charging infrastructure is crucial for the widespread adoption of EVs. Recognizing this, the Malaysian government has set a target to install 10,000 EV charging stations by 2025. This initiative is part of the Low Carbon Mobility Blueprint 2021-2030, aiming to make EVs more convenient for users.
Manufacturing and Assembly: Malaysia is positioning itself as a hub for EV manufacturing in Southeast Asia. Companies like Stellantis, in collaboration with Leapmotor, have introduced electric SUVs to the Malaysian market, signaling a commitment to local assembly and production. This move is expected to attract further investments and establish Malaysia as a key player in the regional EV supply chain.
Supply Chain Development: The growth of the EV sector necessitates a reliable supply chain for components such as semiconductors and batteries. Malaysia's existing manufacturing capabilities in these areas provide a solid foundation for supporting the EV industry's needs. Companies like Infineon Technologies are expanding their facilities to produce chips essential for EV operations, highlighting the country's role in the global EV supply chain.
Government Policies and Incentives: The Malaysian government's strategic policies play a pivotal role in shaping the EV landscape. Initiatives such as the Battery Electric Vehicle Global Leaders Initiative (BEV GLI) allow foreign companies to sell EVs in Malaysia without Approved Permit (AP) restrictions, thereby reducing costs and encouraging market entry. Additionally, tax reliefs for EV owners and incentives for companies investing in EV infrastructure further bolster the industry's growth.
The convergence of these factors—diverse electric engine types, supportive government policies, expanding infrastructure, and a developing supply chain—positions Malaysia as a burgeoning hub for automotive electric engine technology in Southeast Asia. As the market continues to evolve, stakeholders across the automotive ecosystem are aligning to meet the demands of a more sustainable and electrified transportation future.
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ABB
Ametek
Arc Systems
ASMO
Emerson Electric
Faulhaber Group
Siemens
Toshiba
Nidec Motor
Rockwell Automation
Regal Beloit
Johnson Electric
Franklin Electrics
Allied Motion Technologies
General Electric
Danaher Motion
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.
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Growing demand for below applications around the world has had a direct impact on the growth of the Malaysia Automotive Electric Engine Market
Battery Electric Engines
Fuel Cell Electric Engines
Hybrid Electric Engines
Plug-in Hybrid Electric Engines
Passenger Cars
Commercial Vehicles
Two-Wheelers
Light Trucks
Low Voltage Electric Engines (Below 48V)
Medium Voltage Electric Engines (48V - 96V)
High Voltage Electric Engines (Above 96V)
Permanent Magnet Synchronous Motors (PMSM)
Induction Motors
Switched Reluctance Motors (SRM)
Brushless DC Motors (BLDC)
Battery Electric Vehicles (BEVs)
Hybrid Electric Vehicles (HEVs)
Plug-in Hybrid Electric Vehicles (PHEVs)
Fuel Cell Electric Vehicles (FCEVs)
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.
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1. Introduction of the Malaysia Automotive Electric Engine 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 Automotive Electric Engine Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Malaysia Automotive Electric Engine Market, By Type
6. Malaysia Automotive Electric Engine Market, By Application
7. Malaysia Automotive Electric Engine Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia
Vietnam
8. Malaysia Automotive Electric Engine Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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