Malaysia Electric Motor Market (2024-2030) | Trends, Industry, Growth, Value, Analysis, Revenue, Size, Share, Segmentation, Outlook

Malaysia Electric Motor Market | Country-Wise Share and Competition Analysis

In the year 2021, China was the largest exporter in terms of value, followed by Germany. It has registered a growth of 15.76% over the previous year. While Germany registered a decline of -4.08% as compared to the previous year. In the year 2017, China was the largest exporter followed by Thailand. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Malaysia has a Herfindahl index of 2996 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of  4371 which signifies high concentration in the market.

Malaysia Electric Motor Market - Export Market Opportunities

Topics Covered in the Malaysia Electric Motor Market

The Malaysia Electric Motor Market report thoroughly covers the market by motor type, by voltage range, by application, and by speed. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Malaysia Electric Motor Market Synopsis

Malaysia Electric Motor Market is expected to grow significantly in the coming years. The growing trend towards electrification, government initiatives, and increasing demand for energy-efficient electric motors are driving the Malaysia Electric Motor Market Growth.

According to 6Wresearch, the Malaysia Electric Motor Market is expected to grow at a CAGR of 8% during the forecast period of 2024-2030. The main drivers behind this growth are the increasing demand for efficient electric motors, government initiatives, and the growing trend towards electrification. The increasing concern towards environmental sustainability and strict government regulations is leading to the adoption of energy-efficient electric motors. In Malaysia, the government is encouraging the use of electric motors by providing incentives such as tax exemptions and purchase subsidies.

Despite the growing demand for electric motors, there are a few challenges that need to be addressed. The higher initial investment required to purchase electric vehicles and electric motorcycles is a significant challenge for the average consumer. In addition, the lack of charging infrastructure could also hinder the growth of the electric motor market. In recent years, there has been an increasing trend of using hybrid and electric vehicles, which use electric motors, as they emit less carbon dioxide and have lower fuel costs as compared to traditional fuel-based vehicles. The Malaysia electric motor industry is expected to benefit from the rapid growth of the automotive industry and the increasing awareness among consumers and businesses regarding the benefits of using renewable energy systems. The government's initiatives to promote the use of renewable energy sources, such as solar, hydropower, and wind, will create new opportunities for electric motor manufacturers. 

Government policies and schemes introduced in the Malaysia Electric Motor Market 

The government has introduced several policies and schemes to enhance the growth and competitiveness of the electric motor market in the country. One of the key initiatives is the "National Electric Mobility Blueprint," which outlines a plan to increase the usage of electric vehicles (EVs) in the country. The blueprint includes a comprehensive roadmap with short-, medium-, and long-term targets that focus on infrastructure development, research and development, and promotion of locally made EVs. In addition, the government has set up the Green Investment Tax Allowance (GITA) scheme under the Malaysian Investment Development Authority (MIDA), which provides incentives to companies that invest in green technology projects, including electric motors. The scheme allows companies to claim a tax allowance of up to 100% of the invested capital in green projects, which helps to reduce the overall cost of investment.

Leading players in the Malaysia Electric Motor Market

There are several key players that dominate the Malaysia Electric Motor Market in terms of revenue, including ABB, Siemens, WEG Electric, TMEIC, and Mitsubishi Electric. ABB is one of the leading players in the market, with a wide range of electric motors and related products. Siemens is a renowned player in the market with its line of high-efficiency motors that cater to various industrial applications. WEG Electric is another prominent player in the Malaysia electric motor market that specializes in the production of high-quality electric motors.

Market Analysis by Motor Type

According to Shivankar, Research Manager, 6Wresearch, AC motors are the most dominant type. However, in recent years, the demand for DC and Hermetic motors has increased due to their energy efficiency and high-performance applications, primarily in HVAC equipment and industrial machinery.

Market Analysis by Application

By Application, industrial machinery is one of the largest application segments which is dominating the Malaysia Electric Motor Market Share. The demand for electric motors is expected to increase in the motor vehicle segment, primarily due to the government's stringent regulations for reducing CO2 emissions. The HVAC equipment and household appliances segment is also expected to grow, mainly driven by the increasing focus on energy efficiency and the use of smart devices.

Key Attractiveness of the Report 

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Malaysia Electric Motor Market Outlook
• Market Size of Malaysia Electric Motor Market, 2023
• Forecast of Malaysia Electric Motor Market, 2030
• Historical Data and Forecast of Malaysia Electric Motor Revenues & Volume for the Period 2020 - 2030
• Malaysia Electric Motor Market Trend Evolution
• Malaysia Electric Motor Market Drivers and Challenges
• Malaysia Electric Motor Price Trends
• Malaysia Electric Motor Porter's Five Forces
• Malaysia Electric Motor Industry Life Cycle
• Historical Data and Forecast of Malaysia Electric Motor Market Revenues & Volume By Motor Type for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electric Motor Market Revenues & Volume By Alternate Current (AC) Motor for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electric Motor Market Revenues & Volume By Direct Current (DC) Motor for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electric Motor Market Revenues & Volume By Hermetic Motor for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electric Motor Market Revenues & Volume By Voltage Range for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electric Motor Market Revenues & Volume By 9 V & Below for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electric Motor Market Revenues & Volume By 10-20 V for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electric Motor Market Revenues & Volume By 21-60 V for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electric Motor Market Revenues & Volume By 60 V & Above for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electric Motor Market Revenues & Volume By Application for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electric Motor Market Revenues & Volume By Industrial Machinery for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electric Motor Market Revenues & Volume By Motor Vehicles for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electric Motor Market Revenues & Volume By Heating, ventilating, and cooling (HVAC) equipment for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electric Motor Market Revenues & Volume By Aerospace & transportation for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electric Motor Market Revenues & Volume By Household Appliances for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electric Motor Market Revenues & Volume By Other for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electric Motor Market Revenues & Volume By Speed (RPM) for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electric Motor Market Revenues & Volume By Low-Speed Electric Motors (Less Than 1,000 RPM) for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electric Motor Market Revenues & Volume By Medium-Speed Electric Motors (1,001-25,000 RPM) for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electric Motor Market Revenues & Volume By High-Speed Electric Motors (25,001-75,000 RPM) for the Period 2020 - 2030
• Historical Data and Forecast of Malaysia Electric Motor Market Revenues & Volume By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM) for the Period 2020 - 2030
• Malaysia Electric Motor Import Export Trade Statistics
• Market Opportunity Assessment By Motor Type
• Market Opportunity Assessment By Voltage Range
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By Speed (RPM)
• Malaysia Electric Motor Top Companies Market Share
• Malaysia Electric Motor Competitive Benchmarking By Technical and Operational Parameters
• Malaysia Electric Motor Company Profiles
• Malaysia Electric Motor Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Motor Type

• Alternate Current (AC) Motor
• Direct Current (DC) Motor
• Hermetic Motor

By Voltage Range

• 9 V & Below
• 10-20 V
• 21-60 V
• 60 V & Above

By Application

• Industrial Machinery
• Motor Vehicles
• Heating
• Ventilating, And Cooling (HVAC) Equipment
• Aerospace & Transportation
• Household Appliances
• Other

By Speed

• Low-Speed Electric Motors (Less Than 1,000 RPM)
• Medium-Speed Electric Motors (1,001-25,000 RPM)
• High-Speed Electric Motors (25,001-75,000 RPM)
• Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM))

Malaysia Electric Motor Market (2024-2030): FAQs