MALAYSIA REFRIGERATION APPLIANCES MARKET 2022-2028

Consumer Goods & Services | Consumer Electronics

MALAYSIA REFRIGERATION APPLIANCES MARKET 2022-2028

Market by Category and Distribution Channel | Forecast 2022-2028

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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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Table of Content

1. 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 CORPORATION

5.5. HAIER GROUP CORPORATION

6. METHODOLOGY & SCOPE

6.1. RESEARCH SCOPE & DELIVERABLES

6.2. SOURCES OF DATA

6.3. RESEARCH METHODOLOGY

List of Tables

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)

List of Figures

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)

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