MALAYSIA EV CHARGER MARKET

KEYFINDINGS

1. In 2021, The Malaysian EV Charger market, reported volumes of xx units and generated revenue of $xx Million and the market is estimated with a CAGR of 23.9 percent, to reach an overall market value of $xx Million by 2027 from 2022. 
2. The Average price of EV Chargers in the Malaysian market by various power types is, <25kW at $xx, 25-50kW at $xx, and >50kW is around $xx as of 2022. 
3. A significant quantity of lower-power charging stations due to the higher share of Residential stations in Malaysia. 
4. In Malaysia, there are a total of 600 charging stations, with most of them around Putrajaya, Kuala Lumpur. 
5. The Malaysian government has plans to set up 10,000 charging stations for electric vehicles in Malaysia by 2025 under the Low Carbon Mobility Blueprint (LCMB) 2021-2030. 
6. Major Charging Station networks in the market are ChargEV, Charge Now, Jomcharge, ParkEasy, and Shell Recharge. 
7. ChargEV is at the top with xx%, followed by Charge Now and Jomcharge 
8. With existing chargers from Jom Charge and Park Easy, being used by multiple networks Sime Darby and Setel, there is a lower demand for installing new stations. 
9. The Type-2 plug segment is at the top in terms of Connector type, as it accounts for almost xx% of the total volumes in 2022. 
10. In Malaysia, the major EV charger manufacturers are ABB, Haber, and EV Connection. 

INTRODUCTION

A piece of technology that provides electricity to electric cars is known as an EV charger. Its primary responsibility is to refuel an EV's battery so that it can continue to run.

Due to the increasing demand for electric and alternative fuel cars throughout the world, the market for EV chargers is anticipated to expand significantly in the coming years.

The focus has turned to the use of clean and green energy due to growing worries about carbon emissions from automobiles, climate change, and rising air pollution. This is a significant aspect that has increased the demand for electric cars.

MALAYSIA EV CHARGER MARKET SIZE AND FORECAST

The Malaysia EV Charger Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030. 

To know more about Malaysia Electric Vehicle Market, read our report

MALAYSIA EV CHARGERMARKET DYNAMICS

In order to address the nation's rising need for electric car charging infrastructure, Huawei Malaysia and KVC Industrial Supplies have partnered to deliver EV chargers. 

Last weekend, when Huawei's APAC Digital Innovation Congress was taking place, the memorandum of understanding (MoU) was signed in Singapore.

The procurement and deployment of the EV chargers will be handled by KVC as the primary buyer and fulfilment partner, while Huawei Malaysia will serve as the technology supplier and provider of product training.

The MoU would provide both parties with the chance to use and combine their technologies to advance low-carbon mobility. More than 150 charge stations have been marketed and installed by KVC in residential, commercial, and industrial locations countrywide as of this writing.

Go by City Energy (Go), an electric vehicle (EV) charging service, has been introduced by Singapore-based City Energy. It intends to provide a smooth operating service across Singapore and Malaysia using only one smartphone application.

In order to expand charging connections into Malaysia, Go will fund, manage, and maintain a network of EV charging stations. 

This network will be backed by Go's mobile app and strategic relationship with EV Connection Sdn. Bhd. EV Connection is a leader in electric car charging solutions in Malaysia and a distributor authorised to sell EV charging stations registered with Suruhanjaya Tenaga,CIDB, Tenaga Nasional Berhad, and MyHijau. 

Working with several vehicle manufacturers, EV Connection is a TÜV SÜD certified EV charger installation. The stations are currently predominantly found in residential complexes in Malaysia and Singapore.

MALAYSIA EV CHARGERMARKETRECENT DEVELOPMENT AND INNOVATION

Gentari, a developer of clean energy solutions, has recently received formal recognition. The company, which belongs entirely to Petronas, launched the brand. The business wants to be a one-stop shop for clean energy solutions, starting with a range of hydrogen, renewable energy, and green mobility options for business, industrial, and retail clients.

In order to scale up production of low carbon hydrogen, it also wants to create up to 1.2 mtpa of hydrogen by utilizing expertise in major project development, beginning with projects in Malaysia. As part of its green mobility fleet, it has already supplied over 250 electric two- and three-wheelers to India and Malaysia, as well as more than 190 charging stations.

Originating in Hong Kong, Cornerstone Technologies is a pioneer in EV charging whole solutions and is now expanding into Malaysia. A number of DC chargers that are expected to be available by the end of this year have marked its entry. Following its success in Hong Kong, Cornerstone Technologies is eager to enter the Malaysian market and is certain that it can achieve the same level of success there.

Open Charge Point Protocol (OCPP)-compliant AC (Alternating Current) and DC (Direct Current) chargers are available from Cornerstone Technologies. Charge Point Operators (CPO) and EV drivers can access real-time charging data and other access capabilities with the linked platform, giving them peace of mind and flexibility.

Tenaga Switchgear (TSG) soft launched its domestically produced DC fast charger at its Kota Damansara offices before launching it properly. All EV owners are currently welcome to use the 120 kW charger, which has dual CCS2 nozzles, for free during business hours on weekdays because it has been installed on the property.

Although TSG has changed the base Level 3 charger's design from its GB/T charging standard leanings to a CCS interface, the charger itself is actually made in China. A 200-1,000V voltage output and an IP54-rated enclosure are included in the minimum specifications. Users have stated that during charge trials, the unit's current output reached a maximum of 200A.

Launching the nation's first electric vehicle charger (EVC) manufacturing line is Mobility Werk Group Sdn Bhd (MW Group), a company with a 50-year history in the automotive sector.

The launch of the component was in line with the company's goal to strengthen the Malaysian EV ecosystem through strategic partnerships that place an emphasis on localizing manufacturing and talent development in order to create a competitive supply chain ecosystem for Malaysia and the Asia-Pacific region.

The fact that Malaysia, like the rest of the world, is moving toward an EV industry suggests that the era of internal combustion engines, also known as "ICE," will eventually come to an end. As the first charger and brand created in the nation domestically, this introduction would pave the road for their own EVC brand, which would go down in history.

MALAYSIA EV CHARGERMARKETCOMPANY PROFILE

• Carput Technologies
• Malaysia Green Technology Corporation 
• EV Connect 
• Schneider Electric
• ABB Ltd. 

THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS

1. What is the average cost per Malaysia EV Charger Marketright now and how will it change in the next 5-6 years?  
2. The average cost to set up anEV Charger Marketin Malaysia? 
3. How manyMalaysia EV Charger Marketare manufactured per annum globally? Who are the sub-component suppliers in different regions? 
4. What is happening in the overall public, globally?  
5. Cost breakup of a Malaysia EV Charger Market and key vendor selection criteria 
6. Where is theMalaysia EV Charger Marketmanufactured? What is the average margin per equipment? 
7. Market share ofMalaysia EV Charger Market manufacturers and their upcoming products 
8. The most important planned Malaysia EV Charger Market in the next 2 years 
9. Details on a network of majorMalaysia EV Charger Market and pricing plans 
10. The cost advantage for OEMs who manufactureMalaysia EV Charger Market in-house 
11. 5 key predictions for the next 5 years inMalaysia EV Charger Market 
12. Average B-2-BMalaysia EV Charger Marketprice in all segments 
13. Latest trends inMalaysia EV Charger Market, by every market segment 
14. The market size (both volume and value) ofMalaysia EV Charger Marketin 2024-2030 and every year in between? 
15. Global production breakup ofMalaysia EV Charger Market, by suppliers and their OEM relationship