Market Research Report
Malaysia Heating 2019
|Published by||BRG Building Solutions||Product code||350266|
|Published||Content info||89 Pages
Delivery time: 1-2 business days
|Malaysia Heating 2019|
|Published: November 30, 2019||Content info: 89 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 Malaysian economy witnessed a 4.7% GDP growth for the year 2018, relatively slower than 2017. Slow economy impact the growth of construction industry accounted for the slow pace in non-residential segment and completion of mega projects.
The overall market for water heaters witnessed a marginal growth in 2018, positively affected by the rise in Malaysian incomes and, therefore, the population has more disposable income to install water heaters. Sales of electric instantaneous water heaters continued to dominate the market. On the other hand, volume sales of electric storage water heaters also rise quite marginally due to demand in non-residential segment.
The solar thermal market in Malaysia grew slightly in 2018 compared to previous year owing to the increasing awareness about energy efficient water heaters among Malaysian consumers. However, almost two-third of the sales still go to the non-housing sector, especially of flat plate collectors. 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.
The overall market of air conditioner in Malaysia saw a relatively subdued growth in 2018 related to the last year. In the Malaysia air conditioner market, RAC demand has witnessed a slight growth yearon- year. 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.”
This report focuses on the following product categories: