Market Forecast By Motor Type (Alternate Current (AC) Motor, Direct Current (DC) Motor, Hermetic Motor), By Voltage Range (9 V & Below, 10-20 V, 21-60 V, 60 V & Above), By Application (Industrial machinery, Motor vehicles, Heating, ventilating, and cooling (HVAC) equipment, Aerospace & transportation, Household appliances, Other), By Speed (RPM) (Low-Speed Electric Motors (Less Than 1,000 RPM), Medium-Speed Electric Motors (1,001-25,000 RPM), High-Speed Electric Motors (25,001-75,000 RPM), Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM)) And Competitive Landscape
Product Code: ETC041107 | Publication Date: Jan 2021 | Updated Date: Sep 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Malaysia Electric Motor Market registered a growth of 17.07% in value shipments in 2021 as compared to 2020 and a decrease of -2.17% CAGR in 2021 over a period of 2017. In Electric Motor Market Malaysia is becoming less competitive as HHI index in 2021 was 5265 while in 2017 it was 4403. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Malaysia has reportedly relied more on imports to meet its growing demand in Electric Motor Market. India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Electric Motor Market in 2021 was 25.28 while in 2017 it was 10.77. China, Germany, Hong Kong, Japan and Italy were among the top players of the market in 2021, where China acquired the largest market share of 71.96% with a shipment value of 115.17 million USD in 2022 China also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Electric Motor Market. In 2017 China had the largest market share of 65.44% with the shipment value of 99.87 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As China price is lower than the average price, it provided a significant edge among other competitor in 2017.
In the year 2021, China was the largest exporter in terms of value, followed by Germany. It has registered a growth of 15.76% over the previous year. While Germany registered a decline of -4.08% as compared to the previous year. In the year 2017, China was the largest exporter followed by Thailand. In term of the Herfindahl Index, which measures the competitiveness of countries exporting, Malaysia has a Herfindahl index of 2996 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of 4371 which signifies high concentration in the market.
The Malaysia Electric Motor Market is experiencing some developments and one of the key trends is the rising demand for motors that are energy-efficient. Manufacturers in the market have been creating new products with the help of new technologies which promise enhanced performance and lower energy consumption. The emergence if advanced motor systems that use advanced sensors and data analytics to reduce downtime and optimize operation. This approach enables businesses to display their motors remotely, make real-time adjustments and identify potential uses. These latest developments that are happening have been boosting the Malaysia Electric Motor Market Growth.
Malaysia Electric Motor Market report thoroughly covers the market by motor type, voltage range, applications, and speed. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Malaysia Electric Motor Market is projected to grow over the coming year. Malaysia Electric Motor Market report is a part of our periodical regional publication Asia Pacific Electric Motor Market outlook report. 6W tracks electric motor market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titled Global Electric Motor Market outlook report annually.
Malaysia Electric Motor Market is likely to gain momentum during the upcoming years on account of increasing penetration towards environment issues. The growing agriculture sector along with adoption of modern technology in cultivation drive the need for electric motor machinery further beholds the growth of the market.
According to 6Wresearch, Malaysia Electric Motor Market size is projected to register growth during 2020-2026. The market has been achieving enormous growth as it has been driven by many factors. Increasing government efforts in order to promote the usage of electric vehicle and alleviate the fossil fuels beholds the growth of the market. The government in the country has taken initiatives to develop renewable energy sources and has set targets to expand the share of renewable energy by 2025. This is increasing investments in solar and wind power projects that need well-organized electric motors for operation. Rising development in transportation sector along with introduction of electric vehicle is fueling the growth of the market. Growing population coupled with increasing demand for electricity is driving the development of electric motor market. The rising need for superior machinery control triggers the potential growth of the market.
The coronavirus pandemic affected the operation of the Electric Motor Market in Malaysia just the way it affected the operation of any other market in the world. There is no wondering that the pandemic brought challenging time for markets since the governments around the world had to impose lockdown in order to contain the virus spread. The automotive sector is the significant consumer of these electric motors and the market affected significantly by the pandemic due to which there was a decline in demand for these electric motors and the market had to face difficulties. The health emergency due to the outburst of coronavirus coupled with lockdown beholds the negative growth of the market. The restrictions of movement of goods backed along with shutting down of production units led to the decline in the Malaysia Electric Motor Market Share.
Players that have been adding value to the market progression include:
According to Sumit, Senior Research Analyst, 6Wresearch, the HVAC segment is anticipated to dominate the Malaysia Electric Motor Industry during the upcoming period.
Based on speed, the high-speed segment is likely to lead the market during the upcoming years since there is the increasing demand for high-speed electric motors.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Malaysia Electric Motor Market Overview |
3.1 Malaysia Country Macro Economic Indicators |
3.2 Malaysia Electric Motor Market Revenues & Volume, 2019 & 2026F |
3.3 Malaysia Electric Motor Market - Industry Life Cycle |
3.4 Malaysia Electric Motor Market - Porter's Five Forces |
3.5 Malaysia Electric Motor Market Revenues & Volume Share, By Motor Type, 2019 & 2026F |
3.6 Malaysia Electric Motor Market Revenues & Volume Share, By Output Power, 2019 & 2026F |
3.7 Malaysia Electric Motor Market Revenues & Volume Share, By Voltage Range, 2019 & 2026F |
3.8 Malaysia Electric Motor Market Revenues & Volume Share, By Application, 2019 & 2026F |
3.9 Malaysia Electric Motor Market Revenues & Volume Share, By Speed (RPM), 2019 & 2026F |
4 Malaysia Electric Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Malaysia Electric Motor Market Trends |
6 Malaysia Electric Motor Market, By Types |
6.1 Malaysia Electric Motor Market, By Motor Type |
6.1.1 Overview and Analysis |
6.1.2 Malaysia Electric Motor Market Revenues & Volume, By Motor Type, 2016 - 2026F |
6.1.3 Malaysia Electric Motor Market Revenues & Volume, By Alternate Current (AC) Motor, 2016 - 2026F |
6.1.4 Malaysia Electric Motor Market Revenues & Volume, By Direct Current (DC) Motor, 2016 - 2026F |
6.1.5 Malaysia Electric Motor Market Revenues & Volume, By Hermetic Motor, 2016 - 2026F |
6.2 Malaysia Electric Motor Market, By Output Power |
6.2.1 Overview and Analysis |
6.3 Malaysia Electric Motor Market, By Voltage Range |
6.3.1 Overview and Analysis |
6.3.2 Malaysia Electric Motor Market Revenues & Volume, By 9 V & Below, 2016 - 2026F |
6.3.3 Malaysia Electric Motor Market Revenues & Volume, By 10-20 V, 2016 - 2026F |
6.3.4 Malaysia Electric Motor Market Revenues & Volume, By 21-60 V, 2016 - 2026F |
6.3.5 Malaysia Electric Motor Market Revenues & Volume, By 60 V & Above, 2016 - 2026F |
6.4 Malaysia Electric Motor Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Malaysia Electric Motor Market Revenues & Volume, By Industrial machinery, 2016 - 2026F |
6.4.3 Malaysia Electric Motor Market Revenues & Volume, By Motor vehicles, 2016 - 2026F |
6.4.4 Malaysia Electric Motor Market Revenues & Volume, By Heating, ventilating, and cooling (HVAC) equipment, 2016 - 2026F |
6.4.5 Malaysia Electric Motor Market Revenues & Volume, By Aerospace & transportation, 2016 - 2026F |
6.4.6 Malaysia Electric Motor Market Revenues & Volume, By Household appliances, 2016 - 2026F |
6.4.7 Malaysia Electric Motor Market Revenues & Volume, By Other, 2016 - 2026F |
6.5 Malaysia Electric Motor Market, By Speed (RPM) |
6.5.1 Overview and Analysis |
6.5.2 Malaysia Electric Motor Market Revenues & Volume, By Low-Speed Electric Motors (Less Than 1,000 RPM), 2016 - 2026F |
6.5.3 Malaysia Electric Motor Market Revenues & Volume, By Medium-Speed Electric Motors (1,001-25,000 RPM), 2016 - 2026F |
6.5.4 Malaysia Electric Motor Market Revenues & Volume, By High-Speed Electric Motors (25,001-75,000 RPM), 2016 - 2026F |
6.5.5 Malaysia Electric Motor Market Revenues & Volume, By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM), 2016 - 2026F |
7 Malaysia Electric Motor Market Import-Export Trade Statistics |
7.1 Malaysia Electric Motor Market Export to Major Countries |
7.2 Malaysia Electric Motor Market Imports from Major Countries |
8 Malaysia Electric Motor Market Key Performance Indicators |
9 Malaysia Electric Motor Market - Opportunity Assessment |
9.1 Malaysia Electric Motor Market Opportunity Assessment, By Motor Type, 2019 & 2026F |
9.2 Malaysia Electric Motor Market Opportunity Assessment, By Output Power, 2019 & 2026F |
9.3 Malaysia Electric Motor Market Opportunity Assessment, By Voltage Range, 2019 & 2026F |
9.4 Malaysia Electric Motor Market Opportunity Assessment, By Application, 2019 & 2026F |
9.5 Malaysia Electric Motor Market Opportunity Assessment, By Speed (RPM), 2019 & 2026F |
10 Malaysia Electric Motor Market - Competitive Landscape |
10.1 Malaysia Electric Motor Market Revenue Share, By Companies, 2019 |
10.2 Malaysia Electric Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |