Malaysia Air Conditioner Market Research Report 2025
Malaysia Air Conditioner Market is projected to witness a CAGR of more than 11% during 2021 – 2025, and thereby, surpass $ 1.3 billion by 2025. 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.
Based on the product type, Malaysia air conditioner market is segmented into Splits, VRFs, Chillers, Windows, and Others (Portable, Floor Standing, etc.). As of 2019, Split type air conditioner category held the largest share in Malaysia air conditioners market and this trend is expected to continue in the coming years.
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Based on the region, Malaysia air conditioner market is bifurcated into Central Region, East Region, Northern Region, East Coast Region, and Southern Region. Until 2019, 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.
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 in Malaysia air conditioner market due to rapidly growing population, household expenditure and income levels of the middle-class population. However, VRFs and chiller type air conditioner are also witnessing higher demand from the big commercial spaces such as malls, offices, and institutions due to higher energy efficiency.
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Last Update : Sep 23, 2020
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