Malaysia Air Conditioner Market Trend Size, Share & Forecast 2025
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Transcript of Malaysia Air Conditioner Market Trend Size, Share & Forecast 2025
MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com
2015 – 2025
MALAYSIA AIR CONDITIONERS MARKETFORECAST & OPPORTUNITIES
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Note: These are dummy figures; please purchase our report for actual data
Scope of ReportProduct of Interest (POI): Air Conditioners
Review Period
2015 – 2018
Base Year
2019
Estimated Year
2020
Forecast Period
2021 – 2025
Year Range
Air conditioners are electrical appliances used to control humidity, ventilation, andtemperature of a particular area. Based on product type, air conditioners can besegregated into splits, VRFs, chillers, windows and others.
Market SegmentationEND USE SECTOR
• Residential
• Commercial/Industrial
REGION
• Central Region (West
Malaysia)
• East Malaysia
• Northern Region
(West Malaysia)
• Eastern Region (West
Malaysia)
• Southern Region
(West Malaysia)
PRODUCT TYPE
• Chillers
• VRFs
• Splits
• Windows
• Others (Precision
AC, Packaged AC,
Portable, Floor
Standing etc.)
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S. No. Contents
1. Product Overview (Definition of product and major terminologies used in the report)
2.Research Methodology (Detailed description of the methodology used to conduct the research, Raw data backup, list of all secondary sources, List of respondents for primary surveys)
3. Executive Summary
4. Impact of COVID-19 on Malaysia Air Conditioners Market
5. Voice of Customer
5.1. Brand Awareness
5.2. Factors Influencing Purchase Decisions
5.3. Brand Satisfaction Level
5.4. Challenges Faced Post Purchase
6. Malaysia Air Conditioners Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1.By Product Type (Splits, VRFs, Chillers, Windows, and Others (Precision AC, Packaged AC, Portable, Floor Standing etc.))
6.2.2. By End Use Sector (Residential Vs Commercial/Industrial)
6.2.3. By Region
6.2.4. By Company
6.3. Product Market Map
7. Malaysia Split Air Conditioners Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
Table of Contents
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S. No. Contents
7.2. Market Share & Forecast
7.2.1. By End Use Sector
7.3. Product Benchmarking
8. Malaysia VRFs Air Conditioners Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By End Use Sector
8.3. Product Benchmarking
9. Malaysia Chillers Air Conditioners Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By End Use Sector
9.3. Product Benchmarking
10. Malaysia Windows Air Conditioners Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By End Use Sector
10.3. Product Benchmarking
Table of Contents
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S. No. Contents
11. Malaysia Others Air Conditioners Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value & Volume
12. Supply Chain Analysis
13. Import - Export Analysis
14.Market Dynamics (This chapter assesses the major demand drivers and restrains. In addition, this section also analyzes its impact on the demand of the product during study period. As a part of study, this chapter would also examine Porter’s Five Forces and PESTLE Framework)
14.1. Drivers
14.2. Challenges
15.Market Trends & Developments (This section captures recent trends pertaining to manufacturing or consumption, market movements in terms of points of production and consumption, advancements and development)
16. Policy & Regulatory Landscape
17. Malaysia Economic Profile
18. Competitive Landscape
18.1. Competition Outlook
18.2. Company Profiles (Top 10 Leading Companies)
18.2.1. Company Details
18.2.2. Products & Services
18.2.3. Financials (As Reported)
18.2.4. Key Market Focus & Geographical Presence
18.2.5. Expansion Strategies
Table of Contents
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S. No. Contents
18.2.6. Key Management Personnel
19.Strategic Recommendations (Based on the findings of the report strategic recommendations on how to enter and expand market share)
20. About Us & Disclaimer
Table of Contents
RESEARCH METHODOLOGY
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Research Methodology
✓ Identifying Key Opinion
Leaders
✓ Questionnaire Design
✓ In-depth Interviews
Data Collection
Developing List of Respondents
Formulating Questionnaire
Market Profiling
Data Validation
Data Analysis
In-depth secondary research was conducted to
determine top players in the Malaysia air
conditioners market, overall market size and segmental market size.
In order to conduct industry experts’
interviews, TechSci formulated a detailed
discussion guide.
List of industry players and industry
specialists was developed.
TechSci conducted interviews with
industry experts and industry players for data collection and
verification.
Data obtained as a result of primary and secondary research was
validated through rigorous
triangulation.
The data was scrutinized using MS-Excel, statistical
tools and internal proprietary database to obtain qualitative and
quantitative insights about the Malaysia air
conditioners market.
Data
Collection
Data Filter
& AnalysisResearch &
Intelligence
Actionable
InsightsBusiness
Solution
Primary Research Desk Research Company Analysis
✓ Recent Developments
✓ Market Changing
Aspects/Dynamics
✓ Government Policies
✓ Conclusion
✓ Market Participants
✓ Key Strengths
✓ LinkedIn✓ TechSci Internal
Database
✓ Factiva✓ Hoovers
Paid Sources
✓ Company Websites✓ Company Annual
Reports✓ White Paper Study✓ Financial Reports✓ Investor
Presentations✓ Regulatory Body✓ Associations, etc.
Secondary Research
Primary Research
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Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of Malaysia air conditioners market. The team has analyzed the
outlook of various segments of this market, while considering the major influencing factors such as growing construction activities in hospitality and
tourism sectors coupled with increasing investments by government for infrastructure developments, etc. The study includes market forecasting, which
would enable our clients to take better decisions while planning their strategy to achieve sustainability in Malaysia air conditioners market.
Methodology Followed for Calculation of Market Size:
• Market Size By Value: Market size, in terms of value, for the year 2019 was calculated based on information collected through exhaustive secondary
research and primary surveys, with various key opinion leaders/stakeholders, such as air conditioners companies, market influencers & end users,
industry experts, and other industry participants.
• The team interviewed more than 15 – 20 air conditioners companies, 45 – 50 channel partners, 80 – 100 end users, and 15 – 20 industry experts and
other value chain stakeholders in Malaysia air conditioners market to obtain the overall market size for 2015-2019, which was validated by the Delphi
technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2015-2019.
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Research Methodology
• Respondents were asked about the current and future market growth rates, market shares by product type, by end use sector, by region, by
company. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various
segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from
other stakeholders.
Methodology Followed for Calculation of Market Shares:
• Market shares by product type, by end use sector, by region, by company were calculated based on the responses received through primary surveys
with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of Malaysia air
conditioners market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after
eliminating the outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in
SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Malaysia air
conditioners market, TechSci Research used various forecast techniques such as:
✓ Moving Average
✓ Time Series Analysis
✓ Regression Analysis
✓ Econometric and Judgmental Analysis
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Research Methodology
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the
impact analysis during short, medium and long term periods to estimate the demand and to reach accurate market numbers. It should be noted that the
figures compiled are only for the organized market including market share data.
Partial List of Companies Interviewed Key Secondary Sources
▪ 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
▪ World Bank
▪ TechSci Research Proprietary Database & Knowledge
Repository
▪ Company Annual Reports
▪ Industry Magazines
▪ Industry Reports
▪ News Dailies
▪ Credible Paid Databases
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Industry Brief
According to TechSci Research report, “Malaysia Air Conditioner Market By Product Type, By End Use Sector, By Region, Competition, Forecast & Opportunities, 2025”,
Malaysia air conditioners market is project to grow at a CAGR of over 11% during 2021 - 2025 on account of increasing disposable income, wide variety of product offerings by
leading companies, 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. 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.
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 2019, Split type air conditioner category holds 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 2019, 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 2019,
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., and Sharp Electronics (Malaysia) Sdn. Bhd. are among the
leading air conditioner players operating in Malaysia.
“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. 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.
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Sample Data - Snapshot
Malaysia Air Conditioners Market Size, By Value (USD Million) & Volume (Thousand Units), 2015–2025F
5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00
10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 100.00 110.00
2015 2019 2020E 2025FBy Value (USD Million)
By Volume (Thousand Units)
CAGR BY VALUE: XX%
CAGR BY VOLUME: XX%
CAGR BY VALUE: XX%
CAGR BY VOLUME: XX%
Malaysia Air Conditioners Market Share, By Region, By Value, 2019 & 2025F
2019
Central Region (West Malaysia) East Malaysia
Northern Region (West Malaysia) Eastern Region (West Malaysia)
Southern Region (West Malaysia)
2025F
Central Region (West Malaysia) East Malaysia
Northern Region (West Malaysia) Eastern Region (West Malaysia)
Southern Region (West Malaysia)
Malaysia Split Air Conditioners Market Share, By End Use Sector, By Value, 2015–2025F
50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F
Commercial/Industrial
Residential
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2015 – 2025
About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas
to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting
models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and
global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the
market.
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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or
complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand.
However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results
obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together
with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal
consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.
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