Market Research Report
Malaysia Heating 2018
|Published by||BRG Building Solutions||Product code||350266|
|Published||Content info||91 Pages
Delivery time: 1-2 business days
|Malaysia Heating 2018|
|Published: November 30, 2018||Content info: 91 Pages||
This report provides an in-depth analysis of the Malaysian heating market including the monitoring of recent trend patterns and demand drivers, plus substantiated volume forecasts for the next 5 years.
The overall market for water heaters witnessed a much better growth in 2017 than a relatively moderate sales growth in the previous year, being positively affected by the increased number of one and two-family houses and a growing replacement demand from the housing RMI and non-housing segments. Sales of electric instantaneous water heaters continued to dominate the market and accounted for a clear majority of all dedicated water heater sales during the year while sales of electric storage water heaters declined quite marginally due to replacement by instantaneous models in the residential segment as most residential consumers are gradually moving towards instantaneous models for energy efficiency and instant heating features.
The solar thermal market in Malaysia fared negatively in 2017 on account of slowdown in the new build residential market as well as the over-capacity in the commercial real estate market. Sales of flat plate collectors continued to dominate the Malaysian solar thermal market while vacuum tube collector sales account for a smaller chunk of the total sales.
Following the fairly good market growth in 2016, the overall Malaysian air conditioning market saw a relatively subdued growth in 2017, largely due to the cooler weather during the year. Both demand for RACs and commercial air conditions were sluggish due to the weather conditions, with unseasonal rains in June. There was also a reluctance among consumers to buy air conditioners as there was widespread speculation of the goods and services tax to be done away with around June 2017. Overall growth was driven by the RAC market, dominated by single mini-split AC units while in the commercial Acs segment, a marginal growth was witnessed for demand of commercial VRFs although. The overall demand for central cooling AC equipment declined in 2017 in comparison to the previous year.
This report focuses on the following product categories: