Report Description

Malaysia Electrical Materials Market is anticipated to grow at a high CAGR in the forecast period 2024-2028. The electrical materials market in Malaysia is anticipated to grow as organizations become more data driven. Electrical Materials have become a critical tool for businesses to make wise choices. The Malaysian Electrical Materials industry has had tremendous growth in recent years and is projected to continue at this rate.

The Malaysia Electrical Materials Market is rapidly growing and has become a significant contributor to the country's economy. Malaysia has a rapidly growing economy with an increasing demand for electricity. The electrical materials market in Malaysia is expanding, driven by the growth of the construction industry, infrastructure projects, and the expansion of the manufacturing sector.

Growing demand for electricity

The growing demand for electricity in Malaysia is a key driver for the expansion of the electrical materials market. The demand for electricity in the country is increasing rapidly due to population growth, urbanization, and expansion of the manufacturing sector. The government is investing in the development of power generation capacity, including from renewable energy sources, which is driving demand for electrical equipment such as transformers, switchgear, and other related products. In addition, Malaysia is a fast-growing economy with a strong focus on infrastructure development, including the construction of highways, bridges, and public transportation systems, which require significant amounts of electrical materials. In addition, government initiatives to improve energy efficiency and sustainability are driving demand for high-quality, energy-efficient electrical materials.

Overall, the growing demand for electricity in Malaysia is creating significant opportunities for the electrical materials market, with companies focusing on innovation and development to meet the changing needs of the market. This trend is expected to continue as the country continues to develop and modernize its infrastructure and industry, further boosting demand for electrical materials.. The government is investing in the development of power generation capacity, which is driving demand for electrical equipment.

 Expansion of the manufacturing sector

The expansion of the manufacturing sector is a key driver for the growth of the electrical materials market in Malaysia. The manufacturing sector is a significant contributor to the country's economy, and its growth has led to an increased demand for electrical materials, such as motors, transformers, and switchgear. As Malaysia continues to position itself as a major manufacturing hub, the demand for electrical materials is expected to grow even further. The manufacturing sector requires reliable and high-quality electrical equipment to power their operations, and as such, there is a growing need for innovative electrical materials that can meet the specific requirements of the industry. Moreover, the expansion of the manufacturing sector is driving the demand for automation and smart manufacturing technologies, which require advanced electrical equipment and components. This trend is driving the development of new electrical materials that are designed to be more energy-efficient, reliable, and flexible to cater to the needs of the manufacturing industry.

Overall, the expansion of the manufacturing sector is a significant driver for the growth of the electrical materials market in Malaysia, creating opportunities for local and international manufacturers to expand their operations and develop innovative products to meet the changing needs of the market.

Expansion of the infrastructure development

Malaysia's electrical materials industry is an essential part of the country's infrastructure development, which is driven by the government's efforts to improve the quality of life and support economic growth. The industry is responsible for providing the necessary electrical materials, equipment, and services required for the construction and maintenance of infrastructure projects such as power plants, transmission lines, and distribution networks. Infrastructure development is a key driver of economic growth and development. The Malaysian government has identified infrastructure development as a critical factor in achieving its economic goals and has launched several initiatives to support it. The country's infrastructure development plan includes the construction of highways, railways, airports, seaports, and power plants. The growth of the electrical materials market in Malaysia is also driven by the increasing demand for electricity from consumers... This growth in demand is driving the construction of new power plants, and transmission and distribution networks, which is driving the demand for electrical materials and equipment.

Recent Developments

  • On April 2022, General Electric Co. and the energy firm Edra Energy Sdn Bhd have opened a sizable new natural gas power facility in Malaysia. The combined-cycle power plant has a 2.2-gigawatt capacity, which can meet up to 10% of Malaysia's electrical requirements. The term Edra is a popular acronym for Edra Energy Sdn Bhd. The high-efficiency plant uses steam turbines to produce additional electricity from the surplus steam produced by the natural gas-powered turbines. By 2039, the country would need more than 24 gigawatts of electrical capacity, up from 18.8 gigawatts in 2020, while also attempting to wean itself off of coal power plants.


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Market Segments

The Malaysia Electrical Materials Market is segmented into Type, End-User Industry, Region and Competitive Landscape. Based on Type, the market is segmented into Circuit Breakers, Light Switches, Plugs & Sockets, Voltage Switcher, Cable Management, Cable Duct, Electrical Conduit, Others. Based on End-User Industry, the market is fragmented into Industrial, Commercial, Residential.

 

Market Players

Major market players in Malaysia Electrical Materials Market are ABB Malaysia Sdn. Bhd., Tenaga Nasional Berhad, Schneider Electric IT Malaysia Sdn Bhd, ViTrox Corporation Berhad, Sarawak Energy Berhad, Seal Cable Sdn Bhd, Nepso Engineering Sdn Bhd, Malakoff Corporation Berhad, Arup Jururunding Sdn Bhd, Texas Instruments. To achieve good market growth, businesses that are active in the market employ organic tactics such as product launches, mergers, and acquisitions.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

By Type

By End-User Industry

By Region

Regional scope

Eastern Region, Northern Region, Central Region, Southern Region, East Malaysia

Key companies profiled

ABB Malaysia Sdn. Bhd., Tenaga Nasional Berhad, Schneider Electric IT Malaysia Sdn Bhd, ViTrox Corporation Berhad, Sarawak Energy Berhad, Seal Cable Sdn Bhd, Nepso Engineering Sdn Bhd, Malakoff Corporation Berhad, Arup Jururunding Sdn Bhd, Texas Instruments.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, Malaysia Electrical Materials Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

            ·         Malaysia Electrical Materials Market, By Type:

o   Circuit Breakers

o   Light Switches       

o   Plugs & Sockets

o   Voltage Switcher

o   Cable Management

o   Cable Duct

o   Electrical Conduit

o   Others                                                                                             

            ·         Malaysia Electrical Materials Market, By End-User Industry

o   Industrial

o   Commercial

o   Residential

            ·         Malaysia Electrical Materials Market, By Region:

o   Eastern Region

o   Northern Region

o   Central Region

o   Southern Region

o   East Malaysia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Malaysia Electrical Materials Market

Available Customizations:

TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Malaysia Electrical Materials Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.     Market Definition

1.2.     Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customer

4.1. Brand Awareness

4.2. Key Factors for Selecting Service Provider

4.3. Key Satisfaction Level

4.4. Key Challenges Faced

5.    Malaysia Electrical Materials Market Outlook

5.1. Market Size & Forecast

5.1.1.    By Value

5.2. Market Share & Forecast

5.2.1.    By Type (Circuit Breakers, Light Switches, Plugs & Sockets, Voltage Switcher, Cable Management, Cable Duct, Electrical Conduit, Others)

5.2.2.    By End-User Industry (Industrial, Commercial, Residential)

5.2.3.    By Region (Eastern Region, Northern Region, Central Region, Southern Region, East Malaysia)

5.2.4.    By Company

5.3. Market Map

6.    Eastern Region Market Outlook

6.1. Market Size & Forecast

6.1.1.    By Value

6.2. Market Share & Forecast

6.2.1.    By Type

6.2.2.    By End-User Industry

7.    Northern Region Market Outlook

7.1. Market Size & Forecast

7.1.1.    By Value

7.2. Market Share & Forecast

7.2.1.    By Type

7.2.2.    By End-User Industry

8.    Central Region Market Outlook

8.1. Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By End-User Industry

9.    Southern Region Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By End-User Industry

10. East Malaysia Market Outlook

10.1.           Market Size & Forecast

10.1.1. By Value

10.2.           Market Share & Forecast

10.2.1. By Type

10.2.2. By End-User Industry

11. Market Dynamics

11.1.  Drivers

11.1.1. Expansion of the infrastructure development

11.1.2. Expansion of the manufacturing sector

11.1.3.  Growing demand for electricity

11.2.     Challenges

11.2.1.  Competition from low-cost imports

11.2.2. Volatile raw Materials prices

11.2.3. Technological advancements

12. Market Trends & Developments

12.1.  Growing demand for renewable energy

12.2.  Focus on data-driven decision making.

12.3.  Increasing demand for data governance and privacy

12.4.  Investing heavily in infrastructure development

12.5.  Use of Electrical Materials in new industries

13.    Malaysia Economic Profile

14.    Company Profiles

14.1.           ABB Malaysia Sdn. Bhd.

14.1.1.    Business Overview

14.1.2.    Key Revenue (If Available)

14.1.3.    Recent Developments

14.1.4.    Key Personnel

14.1.5.    Key Product/Service Offered

14.2.            Tenaga Nasional Berhad

14.2.1.    Business Overview

14.2.2.    Key Revenue (If Available)

14.2.3.    Recent Developments

14.2.4.    Key Personnel

14.2.5.    Key Product/Service Offered

14.3.        NEPSO ENGINEERING SDN BHD

14.3.1.    Business Overview

14.3.2.    Key Revenue (If Available)

14.3.3.    Recent Developments

14.3.4.    Key Personnel

14.3.5.    Key Product/Service Offered

14.4.         Seal Cable Sdn Bhd

14.4.1.    Business Overview

14.4.2.    Key Revenue (If Available)

14.4.3.    Recent Developments

14.4.4.    Key Personnel

14.4.5.    Key Product/Service Offered

14.5.        Malakoff Corporation Berhad

14.5.1.    Business Overview

14.5.2.    Key Revenue (If Available)

14.5.3.    Recent Developments

14.5.4.    Key Personnel

14.5.5.    Key Product/Service Offered

14.6.        Schneider Electric IT Malaysia Sdn Bhd

14.6.1.    Business Overview

14.6.2.    Key Revenue (If Available)

14.6.3.    Recent Developments

14.6.4.    Key Personnel

14.6.5.    Key Product/Service Offered

14.7.        ViTrox Corporation Berhad

14.7.1.    Business Overview

14.7.2.    Key Revenue (If Available)

14.7.3.    Recent Developments

14.7.4.    Key Personnel

14.7.5.    Key Product/Service Offered

14.8.        Arup Jururunding Sdn Bhd

14.8.1.    Business Overview

14.8.2.    Key Revenue (If Available)

14.8.3.    Recent Developments

14.8.4.    Key Personnel

14.8.5.    Key Product/Service Offered

14.9.         SARAWAK ENERGY BERHAD

14.9.1.    Business Overview

14.9.2.    Key Revenue (If Available)

14.9.3.    Recent Developments

14.9.4.    Key Personnel

14.9.5.    Key Product/Service Offered

14.10.        Texas Instruments

14.10.1. Business Overview

14.10.2. Key Revenue (If Available)

14.10.3. Recent Developments

14.10.4. Key Personnel

14.10.5. Key Product/Service Offered

15. Strategic Recommendations

15.1.    Fastest Growing Market by Type

15.2.    Dominating Market by End User Industry

15.3.    Dominating Market by Region & Country

16. About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

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Electrical materials protect the electrical appliances and devices and can prevent fire hazards and damage.

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Central Region is the fastest-growing region in the Malaysia Electrical Materials Market due to developing IT industries and various commercial initiatives.

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The Industrial segment held the dominant market share in 2022 due to the high demand for electrical equipment and machinery used in manufacturing, construction, and other industrial processes.

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Key market players are ABB Malaysia Sdn. Bhd., Tenaga Nasional Berhad, Schneider Electric IT Malaysia Sdn Bhd, ViTrox Corporation Berhad, Sarawak Energy Berhad, Seal Cable Sdn Bhd, Nepso Engineering Sdn Bhd, Malakoff Corporation Berhad, Arup Jururunding Sdn Bhd, Texas Instruments.

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Parvati Sharma

Account Manager BD
Press Release

Malaysia Electrical Materials Market To Be Dominated By The Industrial Segment Through 2028

Jun, 2023

Malaysia Electrical Materials Market is being driven by the increasing demand for renewable energy and smart grid solutions, both of which are expected to grow between 2024 and 2028.