Market Forecast By Voltage (Low Voltage (By Type (MCB, MCCB, ACB & Others), By Application (Residential, Commercial, Industrial, Power Utilities & Others)), Medium Voltage (By Application (Residential, Commercial, Industrial, Power Utilities & Others), By Insulation Type (Air Insulated Switchgear & Other Insulated Switchgear)), High Voltage Switchgear (By Application (Residential, Commercial, Industrial, Power Utilities & Others)), By Insulation Type (Air Insulated Switchgear, Other Insulated Switchgear)), By Applications (Residential, Commercial, Industrial, Power Utilities & Others) And Competitive Landscape.
Product Code: ETC001670 | Publication Date: May 2022 | Updated Date: Sep 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Malaysia Switchgear Market registered a growth of 29.47% in value shipments in 2021 as compared to 2020 and a decrease of -6.95% CAGR in 2021 over a period of 2017. In Switchgear Market Malaysia is becoming more competitive as the HHI index in 2021 was 2098 while in 2017 it was 2491. 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 Switchgear Market. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Switchgear Market in 2021 was 1.57 while in 2017 it was 2.42. China, Japan, Germany, Other Asia, nes and Singapore were among the top players of the market in 2021, where China acquired the largest market share of 40.62% with a shipment value of 85.83 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 Switchgear Market. In 2017 China had the largest market share of 46.42% with the shipment value of 108.59 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although China offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Malaysia Switchgear Market in 2017.
In the year 2021, Thailand was the largest exporter in terms of value, followed by Switzerland. It has registered a growth of 103004.32% over the previous year. While Switzerland registered a growth of 659.05% as compare to the previous year. In the year 2017 India was the largest exporter followed by Belgium. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Malaysia has the Herfindahl index of 3695 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of 6939 which signifies high concentration in the market.
Malaysia Switchgear Market is projected to grow over the coming year. Malaysia Switchgear Market report is a part of our periodical regional publication Asia Pacific Switchgear Market outlook report. 6W tracks Switchgear market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titled Global Switchgear Market outlook report annually.
Malaysia Switchgear Market report comprehensively covers the market by Voltage, Types, application and Insulation. 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 Switchgear Market is anticipated to project modest growth during the forthcoming years on account of surging disposable income. Rising demand for energy coupled with increasing population is driving the Malaysia Switchgear Market Growth. Upgradation of existing power grid infrastructure owing to ageing power grid is driving the development of the market. Moreover, the switchgear ensures safety, cost-effectiveness and uninterrupted operations is adding to the Malaysia Switchgear Market Share. Switchgears are now widely used in various applications such as residential, commercial and industrial.
According to 6Wresearch, Malaysia Switchgear Market size is projected to register growth during 2022-2028. The expansion of transmission and distribution networks are driving the development of the market. Furthermore, new regulations of the government to enhance the renewable power grid is expected to accelerate the growth of the market. The market suffered a major setback owing to the outburst of global pandemic, the unplanned lockdown by the government hampered development of the market leading to disruption in supply chain of switchgear further declined the switchgear industry in Malaysia.
Market Analysis by Voltage
On the basis of voltage, the low voltage segment is expected to add to the Malaysia Switchgear Market Revenue on the back of rising deployment in distribution sector.
Key Attractiveness of the Report
Key Highlights of Switchgear Report
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
6Wresearch tracks and manages databases of global switchgear market. 6wresearch have been supporting various stakeholders in desigining their entry and growth strategies with the help of robust research and forecasting tools. We have been identifying and tracking various KPIs across major geographies enabling growth projections. With in-house research and data analytics capabilties, 6wresearch delivers actionable insights for companies to make Go/No-Go decisions.
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2 Key Highlights of the Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Malaysia Switchgear Market Overview |
3.1 Malaysia Switchgear Market Revenues (2018-2028F) |
3.2 Malaysia Switchgear Market - Industry Life Cycle, 2021 |
3.3 Malaysia Switchgear Market - Porter’s Five Forces |
3.4 Impact Analysis of Covid-19 on Malaysia Switchgear Market |
4. Malaysia Switchgear Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Malaysia Switchgear Market Trends |
6. Malaysia Low Voltage Switchgear Market Overview |
6.1 Malaysia Low Voltage Switchgear and Panels Market Revenues (2018-2028F) |
6.2 Malaysia Low Voltage Switchgear Market Overview, By Types |
6.2.1 Malaysia Low Voltage Switchgear Market Revenue Share, By Types (2021 & 2028F) |
6.2.2 Malaysia Low Voltage Switchgear Market Revenues, By Types (2018-2028F) |
6.3 Malaysia Low Voltage Switchgear Market Overview, By Applications |
6.3.1 Malaysia Low Voltage Switchgear Market Revenue Share, By Applications (2021 & 2028F) |
6.3.2 Malaysia Low Voltage Switchgear Market Revenues, By Applications (2018-2028F) |
7. Malaysia Medium Voltage Switchgear Market Overview |
7.1 Malaysia Medium Voltage Switchgear Market Revenues (2018-2028F) |
7.2 Malaysia Medium Voltage Switchgear Market Overview, By Insulation Types |
7.2.1 Malaysia Medium Voltage Switchgear Market Revenue Share, By Insulation Types (2021 & 2028F) |
7.2.2 Malaysia Medium Voltage Switchgear Market Revenues, By Insulation Types (2018-2028F) |
7.3 Malaysia Medium Voltage Switchgear Market Overview, By Applications |
7.3.1 Malaysia Medium Voltage Switchgear Market Revenue Share, By Applications (2021 & 2028F) |
7.3.2 Malaysia Medium Voltage Switchgear Market Revenues, By Applications (2018-2028F) |
8. Malaysia High Voltage Switchgear Market Overview |
8.1 Malaysia High Voltage Switchgear Market Revenues (2018-2028F) |
8.2 Malaysia High Voltage Switchgear Market Overview, By Insulation Types |
8.2.1 Malaysia High Voltage Switchgear Market Revenue Share, By Insulation (2021 & 2028F) |
8.2.2 Malaysia High Voltage Switchgear Market Revenues, By Insulation (2018-2028F) |
8.3 Malaysia High Voltage Switchgear Market Overview, By Application Types |
8.3.1 Malaysia High Voltage Switchgear Market Revenue Share, By Application Types (2021 & 2028F) |
8.3.2 Malaysia High Voltage Switchgear Market Revenues, By Application Types (2018-2028F) |
9. Malaysia Switchgear Market Overview, By Applications |
9.1 Malaysia Switchgear Market Revenues, By Residential Application (2018-2028F) |
9.2 Malaysia Switchgear Market Revenues, By Commercial Application (2018-2028F) |
9.3 Malaysia Switchgear Market Revenues, By Industrial Application (2018-2028F) |
9.4 Malaysia Switchgear Market Revenues, By Power Utilities Application (2018-2028F) |
9.5 Malaysia Switchgear Market Revenues, By Other Application (2018-2028F) |
10. Malaysia Switchgear Market Key Performance Indicators |
11. Malaysia Switchgear Market Opportunity Assessment |
11.1 Malaysia Switchgear Market Opportunity Assessment, By Voltage (2028F) |
11.2 Malaysia Switchgear Market Opportunity Assessment, By Applications (2028F) |
12. Malaysia Switchgear Market Competitive Landscape |
12.1 Malaysia Switchgear Market Revenue Share, By Voltage, By Company (2021) |
12.2 Malaysia Switchgear Market Competitive Benchmarking, By Technical Parameters |
12.3 Malaysia Switchgear Market Competitive Benchmarking, By Operational Parameters |
13. Company Profiles |
14. Key Strategic Recommendations |
15. Disclaimer |
Market Forecast By Voltage(Low Voltage Switchgear, Medium Voltage Switchgear, High Voltage Switchgear), By Insulation(Medium Voltage Switchgear(Air Insulated, Gas Insulated), High Voltage Switchgear(Air Insulated, Gas Insulated), By Types(Low Voltage, Medium Voltage), By Applications(Residential, Commercial, Industrial, Power Utilities) And Competitive Landscape
Product Code: ETC001670 | Publication Date: Mar 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Surging industrial sector on the account of growing manufacturing and export-oriented activities across several industries along with growing infrastructure development projects in the country are the key drivers for the growth of the switchgear market in Malaysia. Additionally, initiatives such as “Industry 4.0”, coupled with continuous expansion in electrical and electronic equipment manufacturing industries, would further fuel the market of switchgear across the country.
According to 6Wresearch, Malaysia Switchgear Market size is anticipated to register growth during 2020-26. Government measures for economic development and growing focus towards the expansion of the tourism industry would lead to a surge in the construction projects in Malaysia resulting in a surge in demand for the switchgear market in the country. Government initiatives such as the Economic Transformation Program and 11th Malaysian Plan are anticipated to drive the growth of the construction, transportation and manufacturing industries. This would further proliferate the demand for switchgear in the Malaysian market during the forecast period.
Based on voltage, Low voltage switchgear acquired the maximum revenue share in the overall switchgear market. By applications, the industrial segment accounted for the highest revenue share in the overall market, owing to the growing government investment for the development of the industrial sector in the country. Moreover, the grid strengthening and interconnection of regions that involve the establishment of substations in the country is likely to fuel the demand for switchgear during the forthcoming years.
The Malaysia Switchgear market report thoroughly covers the market by types, voltage, insulation, applications, and regions. The Malaysia Switchgear market outlook report provides an unbiased and detailed analysis of the on-going Malaysia Switchgear 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.
Key Highlights of the Report:
Markets Covered
The Malaysia Switchgear Market report provides a detailed analysis of the following market segments: