Market by Category and Distribution Channel | Forecast 2022-2028
Triton Market Research estimates that the Malaysia refrigeration
appliances market is set to garner a CAGR of 1.89% in revenue during the forecast period 2022-2028. The market
attained $252.80 million in 2021 and
is expected to obtain revenue worth $279.99
million by 2028.
Further, in terms of
volume, the Malaysia refrigeration appliances market by category is anticipated to advance with a CAGR of 1.61% during the forecasted period 2022-2028. The market totaled 658.40 thousand units in 2021, and it is anticipated to reach 723.98 thousand units by 2028.
The
process of extracting heat from an enclosed area or substance in order to lower
the temperature is known as refrigeration. Usually, mechanical methods are
employed to transport energy. However, other methods such as heat, magnetism,
electricity, lasers, and others also help in energy transmission.
Refrigeration appliances refer to cooling
systems or equipment that help freeze or chill, usually for preservative
purposes. This process limits the activity of germs in food products,
preventing food spoilage.
Some of the key factors driving the Malaysian
market include premiumization and the save 2.0 program, product developments
and launches by major players, etc. The Malaysian government has introduced
multiple programs to support the adoption of energy-efficient refrigeration
appliances. For instance, the Program Sustainability Achieved Via Energy
Efficiency (SAVE) 2.0 RM200 incentive was announced during Budget 2021. In this
regard, the government set aside RM30 million to assist 140,000 households.
Further, the Energy Commission of Malaysia offers an RM200 e-rebate scheme to
homes that buy air conditioners or refrigerators with a 4- or 5-star energy
rating (ST). Hence, such programs are expected to further promote the demand
and adoption of energy-efficient products, including refrigeration appliances.
However, there is a shortage of skilled
workforce in the country, which is likely to hamper the market growth during
the forecast years. Due to the nature of their operations and products,
industries, including electrical and electronics, are witnessing significant
growth. According to the Federation of Malaysian Manufacturers, the growth in
demand for new products has elevated the need for capacity and expansion plans.
As per the Small and Medium Enterprises Association of Malaysia, Penang lacks
50,000 engineers to keep up with the semiconductor growth. Estimates indicate
that by 2024, the nation will require 6,000 individuals with high technological
ability.
Triton Market Research’s report provides an
in-depth insight into the Malaysia refrigeration appliances market. The
detailed analysis of the market includes PESTLE analysis, competitive
landscape, key buying criteria, market share analysis, brand share analysis,
and value chain analysis. The segmentation analysis of Malaysia’s refrigeration
appliances market includes the market by category and distribution channel.
The
key players in the market are Samsung Electronics Co. Ltd, Panasonic
Corporation, Haier Group Corporation, Toshiba Corporation, and LG Corporation.
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VIEW REPORT1. MALAYSIA
REFRIGERATION APPLIANCES MARKET - SUMMARY
1.1. MARKET
DEFINITION
1.2. MARKET
SIZE & FORECASTS
1.3. MARKET
DRIVING ASPECTS
1.4. MARKET
RESTRAINING ASPECTS
1.5. KEY
PLAYERS
2. MALAYSIA
REFRIGERATION APPLIANCES MARKET OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE MALAYSIA REFRIGERATION APPLIANCES MARKET
2.2. MARKET
SHARE ANALYSIS
2.3. BRAND
SHARE ANALYSIS
2.4. PESTLE
ANALYSIS
2.5. KEY
BUYING CRITERIA
2.6. VALUE
CHAIN ANALYSIS FOR THE REFRIGERATION APPLIANCES MARKET
3. MALAYSIA
REFRIGERATION APPLIANCES MARKET – BY CATEGORY (IN MILLION $ & IN THOUSAND
UNITS)
3.1. FREEZERS
3.2. FRIDGE
FREEZERS
3.3. FRIDGES
4. MALAYSIA
REFRIGERATION APPLIANCES MARKET – BY DISTRIBUTION CHANNEL (IN $ MILLION)
4.1. HYPERMARKETS
4.2. ELECTRONICS
AND APPLIANCE SPECIALIST
4.3. HOME
AND GARDEN SPECIALIST RETAILERS
4.4. DEPARTMENT
STORES
4.5. E-COMMERCE
4.6. OTHER
DISTRIBUTION CHANNELS
5. COMPETITIVE
LANDSCAPE
5.1. SAMSUNG
ELECTRONICS CO LTD
5.2. PANASONIC
CORPORATION
5.3. TOSHIBA
CORPORATION
5.4. LG
5.5. HAIER GROUP
CORPORATION
6. METHODOLOGY
& SCOPE
6.1. RESEARCH
SCOPE & DELIVERABLES
6.2. SOURCES
OF DATA
6.3. RESEARCH
METHODOLOGY
TABLE
1: MALAYSIA REFRIGERATION APPLIANCES
MARKET 2022-2028 (IN $ MILLION)
TABLE
2: REFRIGERATION APPLIANCES MARKET,
MARKET SHARE ANALYSIS, 2020 & 2021 (IN %)
TABLE
3: REFRIGERATION APPLIANCES MARKET,
BRAND SHARE ANALYSIS, 2020 & 2021 (IN %)
TABLE
4: MALAYSIA – COUNTRY SNAPSHOT
TABLE
5: MALAYSIA REFRIGERATION APPLIANCES
MARKET, BY CATEGORY, 2022-2028 (IN $ MILLION)
TABLE
6: MALAYSIA REFRIGERATION APPLIANCES
MARKET, BY CATEGORY, 2022-2028 (IN THOUSAND UNITS)
TABLE
7: MALAYSIA REFRIGERATION APPLIANCES
MARKET, BY DISTRIBUTION CHANNEL, 2022-2028 (IN $ MILLION)
FIGURE
1: REFRIGERATION APPLIANCES MARKET,
BRAND SHARE ANALYSIS, 2020 & 2021 (IN %)
FIGURE
2: KEY BUYING CRITERIA
FIGURE
3: VALUE CHAIN ANALYSIS FOR THE REFRIGERATION
APPLIANCES MARKET
FIGURE
4: MALAYSIA REFRIGERATION APPLIANCES
MARKET, BY CATEGORY, 2021 & 2028 (IN %)
FIGURE
5: MALAYSIA REFRIGERATION APPLIANCES
MARKET, BY FREEZERS, 2022-2028 (IN $ MILLION)
FIGURE
6: MALAYSIA REFRIGERATION APPLIANCES
MARKET, BY FREEZERS, 2022-2028 (IN THOUSAND UNITS)
FIGURE
7: MALAYSIA REFRIGERATION APPLIANCES
MARKET, BY FRIDGE FREEZERS, 2022-2028 (IN $ MILLION)
FIGURE
8: MALAYSIA REFRIGERATION APPLIANCES
MARKET, BY FRIDGE FREEZERS, 2022-2028 (IN THOUSAND UNITS)
FIGURE
9: MALAYSIA REFRIGERATION APPLIANCES
MARKET, BY FRIDGES, 2022-2028 (IN $ MILLION)
FIGURE
10: MALAYSIA REFRIGERATION APPLIANCES
MARKET, BY FRIDGES, 2022-2028 (IN THOUSAND UNITS)
FIGURE
11: MALAYSIA REFRIGERATION APPLIANCES
MARKET, BY DISTRIBUTION CHANNEL, 2021 & 2028 (IN %)
FIGURE
12: MALAYSIA REFRIGERATION APPLIANCES
MARKET, BY HYPERMARKETS, 2022-2028 (IN $ MILLION)
FIGURE
13: MALAYSIA REFRIGERATION APPLIANCES
MARKET, BY ELECTRONICS AND APPLIANCE SPECIALIST, 2022-2028 (IN $ MILLION)
FIGURE
14: MALAYSIA REFRIGERATION APPLIANCES
MARKET, BY HOME AND GARDEN SPECIALIST RETAILERS, 2022-2028 (IN $ MILLION)
FIGURE
15: MALAYSIA REFRIGERATION APPLIANCES
MARKET, BY DEPARTMENT STORES, 2022-2028 (IN $ MILLION)
FIGURE
16: MALAYSIA REFRIGERATION APPLIANCES
MARKET, BY E-COMMERCE, 2022-2028 (IN $ MILLION)
FIGURE
17: MALAYSIA REFRIGERATION APPLIANCES
MARKET, BY OTHER DISTRIBUTION CHANNELS, 2022-2028 (IN $ MILLION)