Malaysia Electric Switches Market (2020-2026) | Trends, Industry, Segmentation, Share, Analysis, Growth, Size, Revenue, Value, Outlook & COVID-19 IMPACT

Market Forecast By Type (Traditional electrical switch, Smart electrical switch ), By End-Users (Commercial, Residential, Other) And Competitive Landscape

Product Code: ETC018406 Publication Date: Oct 2020 Updated Date: Jun 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Malaysia Electric Switches Market | Country-Wise Share and Competition Analysis

In the year 2021, China  was the largest exporter in terms of value, followed by Singapore. It has registered a growth of 24.25% over the previous year. While Singapore registered a growth of 33.81% as compare to the previous year. In the year 2017 China was the largest exporter followed by Singapore. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Malaysia has the Herfindahl index of 1549 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of  1811 which signifies moderately concentrated in the market.

Malaysia Electric Switches Market | Country-Wise Share and Competition Analysis

Malaysia Electric Switches Market - Export Market Opportunities

Malaysia Electric Switches Market - Export Market Opportunities

Topics Covered in the Malaysia Electric Switches Market

Malaysia Electric Switches Market report thoroughly covers the market by type and by end users. The market outlook 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.

Latest (2023) Development of the Malaysia Electric Switches Market

Malaysia Electric Switches Market has witnessed a tremendous growth over the past years and is estimated to grow potentially in the coming years due to various ongoing trends in the market. One of them is the rising companies investment to upgrade their product profile  by developing smart ranges that can be controlled remotely and provide greater convenience to the customers, this aspect will be one of the leading opportunity tends to accelerate products demand and surge the market growth in the coming years. Furthermore, eco friendly electric switches are becoming popular in the market and being purchased by the population to contribute towards better environment and reduce energy consumption is estimated to boost the Malaysia Electric Switches Market growth at a rapid pace in the country.

Malaysia Electric Switches Market Synopsis

Malaysia Electric Switches Market is estimated to gain traction in the country underpinned by the rising smart home technologies adoption including, smart electric switches. However, high competition can be proven as threat to the market growth. Nevertheless, the rising energy cost is encouraging population to use energy efficient electric switches that reduce energy consumption and subsequently energy cost. This factor is one of the leading factors in the market likely to bolstering the market expansion.

According to 6Wresearch, the Malaysia Electric Switches Market size is estimated to witness an exponential growth during 2020-2026. The market is followed by various drivers such as increasing installations of smart electric switches, growing construction of houses, and the rising need to reduce energy cost. Additionally, rising adoption of advanced range electric switches across growing commercial and industrial sectors to enhance functioning with ease is likely to widening the market landscape at a rapid pace in the country. However, some constraints hindering the market growth are an intense competition and price volatility. In response to these challenges, market still growing exponentially with companies are continuously introducing an innovative range of electric switches to cater the diverse needs of the customers. Also, the rising need to reduce carbon emission rate is likely to boosting eco-friendly electric switches demand. These factors are estimated to propel the growth of the Malaysia Electric Switches industry in the coming years in the country.

COVID-19 Impact on the Malaysia Electric Switches Market

The pandemic had a significant influence on the Malaysia Electric Switches Market which is a part of the Asia Pacific Electric Switches Market. As lockdowns and trade restrictions were implemented coupled with the interruption in the product supply due to the strict restrictions on movement, had resulted in a decreased product demand and this further had led to affect the market growth by a massive reduction in the electric switches sales.

Key players in the Malaysia Electric Switches Market

Some significant giant companies are listed below:

  • Schneider Electric
  • Legrand Group
  • Panasonic Malaysia
  • ABB Ltd.
  • Hager Group Sdn Bhd
  • Siemens AG

The above mentioned companies are operating since so long and have been introducing a wide range of electric switches in the country.

Market Analysis by Type

Based on the type, the smart electric switches are estimated to dominate the Malaysia Electric Switches Market shares in the country as the consumers look for modern and convenient solutions for their home. Also, the rising environmental concern leading to boost the energy efficient electric switch demand.

Market Analysis by End Users

According to Shivankar, Research Manager, 6WResearch, both the residential and commercial sectors are witnessing a potential electric switches demand in the country with the growing urbanization, office buildings developments. This expansion driving the electricity demand along with electric switches.

Key attractiveness of the report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2016 to 2019.
  • Base Year: 2019.
  • Forecast Data until 2026.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Malaysia Electric Switches Market Outlook
  • Market Size of Malaysia Electric Switches Market, 2019
  • Forecast of Malaysia Electric Switches Market, 2026
  • Historical Data and Forecast of Malaysia Electric Switches Revenues & Volume for the Period 2016 - 2026
  • Malaysia Electric Switches Market Trend Evolution
  • Malaysia Electric Switches Market Drivers and Challenges
  • Malaysia Electric Switches Price Trends
  • Malaysia Electric Switches Porter's Five Forces
  • Malaysia Electric Switches Industry Life Cycle
  • Historical Data and Forecast of Malaysia Electric Switches Market Revenues & Volume By Type for the Period 2016 - 2026
  • Historical Data and Forecast of Malaysia Electric Switches Market Revenues & Volume By Traditional electrical switch for the Period 2016 - 2026
  • Historical Data and Forecast of Malaysia Electric Switches Market Revenues & Volume By Smart electrical switch? for the Period 2016 - 2026
  • Historical Data and Forecast of Malaysia Electric Switches Market Revenues & Volume By End-Users for the Period 2016 - 2026
  • Historical Data and Forecast of Malaysia Electric Switches Market Revenues & Volume By Commercial for the Period 2016 - 2026
  • Historical Data and Forecast of Malaysia Electric Switches Market Revenues & Volume By Residential for the Period 2016 - 2026
  • Historical Data and Forecast of Malaysia Electric Switches Market Revenues & Volume By Other for the Period 2016 - 2026
  • Malaysia Electric Switches Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By End-Users
  • Malaysia Electric Switches Top Companies Market Share
  • Malaysia Electric Switches Competitive Benchmarking By Technical and Operational Parameters
  • Malaysia Electric Switches Company Profiles
  • Malaysia Electric Switches Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Type

  • Traditional Electrical Switch
  • Smart Electrical Switch

By End-Users

  • Commercial
  • Residential
  • Other
Malaysia Electric Switches Market: FAQs
Rising energy efficient switches demand, rising income levels, and a rise in the adoption of eco-friendly electrical switches. These are some drivers fuelling the Malaysia Electric Switches Market growth.
The smart electrical switches is gaining momentum due to their benefits like remote control, voice assistance, which provide convenience to the customers.
Rising smart city initiative by the government, rising electric switches installations across the sectors, and increasing replacement of smart switches with traditional switches.
The pandemic caused the major disruption in the product supply coupled with the closure of stores led to reduce the installations of electric switches.
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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 Switches Market Overview

3.1 Malaysia Electric Switches Market Revenues & Volume, 2016  2026F

3.2 Malaysia Electric Switches Market - Industry Life Cycle

3.3 Malaysia Electric Switches Market - Porter's Five Forces

3.4 Malaysia Electric Switches Market Revenues & Volume Share, By Type, 2019 & 2026F

3.5 Malaysia Electric Switches Market Revenues & Volume Share, By End-Users, 2019 & 2026F

4 Malaysia Electric Switches Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Malaysia Electric Switches Market Trends

6 Malaysia Electric Switches Market Segmentation 

6.1 Malaysia Electric Switches Market, By Type

6.1.1 Overview and Analysis

6.1.2 Malaysia Electric Switches Market Revenues & Volume, By Type, 2016 - 2026F

6.1.3 Malaysia Electric Switches Market Revenues & Volume, By Traditional electrical switch, 2016 - 2026F

6.1.4 Malaysia Electric Switches Market Revenues & Volume, By Smart electrical switch , 2016 - 2026F

6.2 Malaysia Electric Switches Market, By End-Users

6.2.1 Overview and Analysis

6.2.2 Malaysia Electric Switches Market Revenues & Volume, By Commercial, 2016 - 2026F

6.2.3 Malaysia Electric Switches Market Revenues & Volume, By Residential, 2016 - 2026F

6.2.4 Malaysia Electric Switches Market Revenues & Volume, By Other, 2016 - 2026F

7 Malaysia Electric Switches Market Import-Export Trade Statistics

7.1 Malaysia Electric Switches Market Export to Major Countries

7.2 Malaysia Electric Switches Market Imports from Major Countries

8 Malaysia Electric Switches Market Key Performance Indicators

9 Malaysia Electric Switches Market - Opportunity Assessment

9.1 Malaysia Electric Switches Market Opportunity Assessment, By Type, 2019 & 2026F

9.2 Malaysia Electric Switches Market Opportunity Assessment, By End-Users, 2019 & 2026F

10 Malaysia Electric Switches Market - Competitive Landscape

10.1 Malaysia Electric Switches Market Revenue Share, By Companies, 2019

10.2 Malaysia Electric Switches Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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