Market 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
|Published by||TechSci Research||Product code||1002702|
|Published||Content info||86 Pages
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|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|
|Published: April 28, 2021||Content info: 86 Pages||
Malaysia air conditioner market was valued USD728.52 Million in 2020 and is predicted to grow at CAGR of 4.70% in the next five years. Anticipated growth in the market is attributed to expanding population, growing disposable income, and increasingly affordable product offerings. Also, due to the increasing product offerings at the e-commerce platforms and easy financing schemes are boosting the use of air conditioners among lower middle class and middle-class income families in Malaysia. Moreover, rising demand from the commercial sector is also driving the country's air conditioner market. Additionally, changing climatic conditions and construction of inbuilt air conditioner and energy-efficient buildings are the other factors expected to drive Malaysia air conditioner market during forecast period.
Report on Malaysia air conditioner is split based on product type, end use sector, region and company. In terms of product type, Malaysia air conditioner market can be segmented into splits, VRFs, chillers, windows, and others (Portable, Floor Standing, etc.). In 2020, Split type air conditioner category held the largest share of 91.05% in Malaysia air conditioners market and this trend is expected to continue in the coming years. Split air conditioner has lower running cost and better energy efficiency contributing to the leading share of the segment in the market.
Based on the end use segmentation, Malaysia air conditioner market is categorized into the residential sector and commercial/industrial sector. Residential air conditioner segment garnered the maximum share of two-third in Malaysia air conditioner market due to rapidly growing population, household expenditure and income levels of the middle-class population.
In terms of regional analysis, Malaysia air conditioner market is bifurcated 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 due to its better living standards, urbanization and increasing population. However, other regions are expected to witness faster growth in the coming years during the forecast period.
Some of the leading manufactures in Malaysia air conditioner market include 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., among others.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
The objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of air conditioner manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels and the presence of all major manufacturers across the globe.
TechSci Research calculated the market size of the Malaysia air conditioner market using a bottom-up approach, wherein data for various applications across various end-user segments were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end-users, etc. besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, Malaysia Air Conditioner Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Split Air Conditioners
VRFs Air Conditioners
Chillers Air Conditioners
Window Air Conditioners
Others (Portable, Floor Standing etc.)
East Coast Region
Company Profiles: Detailed analysis of the major companies present in Malaysia Air Conditioner Market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Profit Margin Analysis:
7.1.1.By Value & Volume
7.2.1.By End Use Sector (Residential Vs Commercial/Industrial)