Malaysia Battery Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The report covers Malaysia Lithium Battery Manufacturers and the market is segmented by battery technology (lead-acid battery, lithium-ion battery, and other battery types) and application (automotive, data centers, telecommunication, energy storage, and other applications (medical devices, power tools, defense, etc.).

Malaysia Battery Market Size

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Malaysia Battery Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 5.28 %
Market Concentration Medium

Major Players

Malaysia Battery Market

*Disclaimer: Major Players sorted in no particular order


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Malaysia Battery Market Analysis

The Malaysia battery market size is expected to grow from USD 737.94 million in 2023 to USD 954.44 million by 2028, registering a CAGR of 5.28% during the forecast period.

  • Over the medium term, factors such as declining prices of lithium-ion batteries and increasing demand for batteries from the automotive industry are likely to drive the Malaysian battery market in the forecast period.
  • On the other hand, the demand-supply mismatch of raw materials like cobalt, lithium, copper, etc., will likely hinder the growth of the Malaysian battery market in the studied period.
  • Nevertheless, technological advancements in new battery technologies to store energy will likely create lucrative growth opportunities for the Malaysian battery market during the forecast period.

Malaysia Battery Market Trends

Lead-Acid Battery Expected to Dominate the Market

  • The energy-to-weight ratio of a lead-acid battery is low. However, it can supply large surge currents, indicating a high power-to-weight ratio primarily useful for SLI (Starting Lighting Ignition) applications. Also, lead-acid batteries are preferred when the price is more critical than the energy-to-weight ratio, as they are low-cost batteries. For example, they are selected in backup supplies for mobile phone towers, hospitals, and off-grid remote storage.
  • Lead-acid batteries in automotive applications contribute to more than 60% of the market. Automotive (excluding electric vehicles) batteries are mostly SLI batteries. The lead-acid batteries can also be used for in-vehicle entertainment systems, power steering and locking, and power window systems.
  • The demand for lead-acid batteries is increasing in Malaysia due to the increasing production and demand for automobiles. The rising demand from automotive and data centers is the primary reason for the increase in the imports of lead-acid batteries in the country. As of 2022, the imports of lead-acid accumulators (excluding spent and starter batteries) accounted for USD 799 thousand from different exporting countries like India, China, Japan, Singapore, etc.
  • The most commonly used battery in a motorcycle is the 12V lead-acid battery. Some of Malaysia's preferred brands for the two-wheeler segment are GS Yuasa and Deka AGM Power Sport Batteries. Similarly, the demand for batteries has been growing for the four-wheeler segment, with the batteries from the Varta brand gaining popularity.
  • On the other hand, the government's plans to increase the investment in the charging infrastructure and the policies promoting EV manufacturing facilities may increase the uptake of electric vehicles in Malaysia. This factor may create a significant opportunity for lead-acid and li-ion battery manufacturers operating in Malaysia in the long term.
  • Therefore, increasing demand from the automotive sector and the plans to set up lead-acid battery manufacturing facilities in the country are expected to drive the lead-acid battery segment during the forecast period.
Malaysia Battery Market - Lead-Acid Accumulators Import

Increasing Demand from Data Centers Driving the Market Demand

  • Malaysia is considered one of the prime locations for data centers in Asia-Pacific, with a robust telecommunications infrastructure and supportive government initiatives. With the abundant availability of resources and an increasing number of internet users, Malaysia may see significant growth in data centers in the coming years.
  • With the emergence of 5G and artificial intelligence (AI) and machine learning (ML), new data center construction, deployment, and upgrading efforts in existing data centers are booming. Furthermore, the Malaysian data center market experienced steady growth, projected to continue over the next five years. The development has been strong from both local and international providers.
  • As of 2022, 33 colocation data centers are from 8 areas in Malaysia (Malaysia). Additionally, in November 2022, Equinix, Inc. announced its entry into the Malaysian market with plans to develop JH1, a new International Business ExchangeTM (IBX®) data center in Johor. JH1 is expected to commence operations in Q1 2024, with an initial expenditure of around USD 40 million, and will provide 500 cabinets and 1,960 square meters of colocation space.
  • The most common and noticeable lead-acid batteries used in data centers are the valve-regulated lead-acid (VRLA) cells. These often come from a vast cabinet of stacked batteries that can support uninterruptible power supply (ups) systems. The standard predicted life of a lead-acid battery is around ten years, while the actual service life is approximately three years. Consequently, lead-acid batteries need constant replacement, raising costs in new cells and admin time over the years. Additionally, lead-acid cells must be kept at around 20 degrees for maximum efficiency, requiring companies to spend massive amounts on air conditioning systems to keep them at optimal temperatures.
  • Data centers have recently aimed to increase their power density, given their limitations on space and the need for more efficient operations. Compact lithium-ion batteries reduce the area an uninterrupted power supply system occupies by 50-80%. In addition, such batteries require less time for charging and feature a better self-discharge rate, which plays a significant role during frequent outages. With new solutions and technologies emerging over time, the cost of lithium-ion batteries may decrease further.
  • Therefore, increasing demand for batteries for power backup applications in data centers and upcoming large-scale data centers in the country are expected to drive the battery market in Malaysia during the forecast period.
Malaysia Battery Market - Data Centers Location Share by Area

Malaysia Battery Industry Overview

The Malaysian Battery Market is moderately consolidated. Some key players in the market include (in no particular order) include FIAMM Energy Technology SpA, GS Yuasa Corporation, ABM Fujiya Berhad, Yokohama Batteries Sdn Bhd, and Leoch Battery Corporation.

Malaysia Battery Market Leaders

  1. GS Yuasa Corporation

  2. ABM Fujiya Berhad

  3. Leoch Battery Corporation

  4. Yokohama Batteries Sdn Bhd

  5. FIAMM Energy Technology SpA

*Disclaimer: Major Players sorted in no particular order

Malaysia Battery Market Concentration
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Malaysia Battery Market News

  • May 2023: EVE Energy Co. Ltd. signed a memorandum of understanding (MoU) with Pemaju Kelang Lama Sdn. Bhd on Friday to develop a state-of-the-art manufacturing facility in Malaysia. The plant will be built in Kedah state. According to a joint statement from the Malaysian Investment Development Authority (MIDA) and EVE, it will focus on producing cylindrical lithium-ion batteries for power tools and electric two-wheelers.
  • January 2023: Citaglobal Bhd collaborated with Indonesia Battery Corporation (IBC) to develop a battery manufacturing plant and battery energy storage system (BESS) in Malaysia. Citaglobal and IBC's collaboration includes designing, developing, and constructing integrated turnkey production facilities for battery cells, modules, and packs for electric vehicles (EVs).
  • July 2022: Samsung SDI, Samsung Electronics' battery unit, started ground on a USD 1.3 billion factory in Malaysia to capitalize on the Southeast Asian country's robust yet affordable tech ecosystem and compete for a spot in the rising worldwide market for electric vehicle batteries. Samsung SDI stated that the factory in Seremban, a hamlet south of Malaysia's capital Kuala Lumpur, will open in 2025.

Malaysia Battery Market Report - Table of Contents


    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions




    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD, till 2028

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

        1. Declining Lithium-Ion Battery Prices

        2. The Increasing Demand for Batteries From the Automotive Industry

      2. 4.5.2 Restraints

        1. Lack of Supportive Government Policies for Electric Vehicles

    6. 4.6 Supply Chain Analysis

    7. 4.7 PESTLE Analysis


    1. 5.1 Battery Technology

      1. 5.1.1 Lead-Acid Battery

      2. 5.1.2 Lithium-Ion Battery

      3. 5.1.3 Other Battery Types

    2. 5.2 Application

      1. 5.2.1 Automotive

      2. 5.2.2 Data Centers

      3. 5.2.3 Telecommunication

      4. 5.2.4 Energy Storage

      5. 5.2.5 Other Applications (Medical Devices, Power Tools, Defense, Etc.)


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 FIAMM Energy Technology SpA

      2. 6.3.2 GS Yuasa Corporation

      3. 6.3.3 Yokohama Batteries Sdn Bhd

      4. 6.3.4 Leoch Battery Corporation

      5. 6.3.5 Amaron Battery Malaysia

      6. 6.3.6 EnerSys

      7. 6.3.7 Camel Group Co. Ltd.

      8. 6.3.8 Eclimo Sdn Bhd

      9. 6.3.9 Century Motolite Battery Sdn Bhd

      10. 6.3.10 ABM Fujiya Berhad

      11. 6.3.11 GPA Holding Berhad Group

    4. *List Not Exhaustive

    1. 7.1 The Improvement in Battery Technology and the Increasing Importance of Clean and Green Fuel

**Subject to Availability
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Malaysia Battery Industry Segmentation

A battery is a device that converts chemical energy contained within its active materials directly into electric energy utilizing an electrochemical oxidation-reduction (redox) reaction.

The Malaysian battery market is segmented by technology and application. The market is segmented by technology into lead-acid batteries, lithium-ion batteries, and other technologies. The market is segmented by application into automotive, data centers, telecommunication, energy storage, and other applications (Medical Devices, Power Tools, Defense, etc.). The market sizing and forecasts have been done for each segment based on revenue (USD).

Battery Technology
Lead-Acid Battery
Lithium-Ion Battery
Other Battery Types
Data Centers
Energy Storage
Other Applications (Medical Devices, Power Tools, Defense, Etc.)
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Malaysia Battery Market Research FAQs

The Malaysia Battery Market is projected to register a CAGR of 5.28% during the forecast period (2024-2029)

GS Yuasa Corporation, ABM Fujiya Berhad, Leoch Battery Corporation, Yokohama Batteries Sdn Bhd and FIAMM Energy Technology SpA are the major companies operating in the Malaysia Battery Market.

The report covers the Malaysia Battery Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Malaysia Battery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Malaysia Battery Industry Report

Statistics for the 2024 Malaysia Battery market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Malaysia Battery analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Malaysia Battery Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)