Malaysia Air Conditioners Market to Surpass USD 942.76 Million by 2026
Growing disposable income, affordable product availability and increasing technological advancements to
drive Malaysia air conditioner market during forecast period
According to TechSci Research report, “Malaysia Air Conditioner Market By Product Type
(Splits, VRFs, Chillers, Windows, and Others (Portable, Floor Standing, etc.)),
By End Use Sector (Residential Vs Commercial/Industrial), By Region, Competition,
Forecast & Opportunities, 2026”, Malaysia air conditioners market
was valued USD 728.52 Million in 2020 and is projected to reach USD 942.76
Million by 2026. Tourism and hospitality is one of the crucial sector
contributing to the GDP of the country. Increase in number of hotels and
resorts in line with booming tourism industry are positively impacting the
demand of split and VRF and therefore, driving the Malaysis air conditioner
market. Increasing disposable income, wide variety of product offerings by
leading companies are some of the key factors responsible for the growth of air
conditioner market in Malaysia.
, and innovations
of the latest technologies. Additionally, improving living standards and changing
temperature levels are augmenting demand for air conditioners in the residential
sector, which will further drive the air conditioner market in Malaysia during
the forecast period.
Browse 24 market
data Figure and 04 Tables spread through 86 Pages and an in-depth TOC on "Malaysia Air Conditioners Market"
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Malaysia
air conditioners market is segmented based on product type, end-use and region.
Based on product type, air conditioners market in Malaysia is segmented into Splits,
VRFs, Chillers, Windows, and Others ((Portable, Floor Standing, etc.). As of 2020,
Split type air conditioner category held the largest share in Malaysia air
conditioners market and the trend is expected to continue over the next five
years. Besides, due to expanding commercial space, there is an increasing
demand for VRFs and chiller type air conditioners. In 2020, residential air conditioner
end-use segment held the largest market share in Malaysia air conditioners market due to increasing
population and rising household expenditure of middle-income families.
Based on the region, Malaysia air
conditioner market is segmented into Central Region, East Region, Northern
Region, East Coast Region, and Southern Region. Until 2020, Central region accounted
for the largest market share in Malaysia air conditioners market, followed by East and Northern regions.
Daikin Malaysia Sdn. Bhd, Midea
Scott & English Electronics Sdn Bhd, Haier Electrical Appliances (M) Sdn.
Bhd., Hitachi Sales (Malaysia) Sdn., Mitsubishi Electric Sales Malaysia Sdn.
Bhd., Samsung Malaysia Electronics (SME) Sdn, Panasonic Malaysia Sdn Bhd., LG
Electronics (M) Sdn. Bhd., Carrier (Malaysia) Sdn. Bhd., Sharp Electronics
(Malaysia) Sdn. Bhd. are among the leading air conditioner players operating in
Malaysia. Many companies have increased their presence on online
channels on the back of rising sales from e-commerce platforms. Websites such
as Iprice, Lazada, Shopee, etc., offer a wide variety of air conditioners online,
which is further driving and setting up a new trend in Malaysia air
conditioners market.
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“Malaysia
air conditioner market is witnessing growth due to increasing product
affordability, latest technologies attracting consumers and companies also spending
more on research & development than before. For instance, on account of
growing concerns over increasing air pollution, air conditioner majors like
Sharp, Panasonic have introduced air conditioners with air purification
functionality. Besides, consumers are increasingly looking for a better
product, especially energy-efficient air conditioners. Consumers are willing to
spend more for getting their hands on the best technologies available in the
market. Also, increasing industrialization and rising demand for air
conditioner at commercial spaces will further drive the country’s air
conditioner market in the coming years.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“Malaysia Air Conditioner Market By Product Type
(Splits, VRFs, Chillers, Windows, and Others (Portable, Floor Standing, etc.)),
By End Use Sector (Residential Vs Commercial/Industrial), By Region, Competition,
Forecast & Opportunities, 2026” has evaluated the future growth potential of Malaysia
air conditioners market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyses the emerging trends
along with essential drivers, challenges, and opportunities in the Malaysia air
conditioners market.
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