Malaysia Residential Electric Water Pump Market Size and Growth Report till 2025
Malaysia residential electric water pump market is projected to cross USD 54 million by 2025. The country’s residential electric water pump market is driven by rise in residential construction coupled with increase in water management activities in domestic households. Moreover, rise in demand for residential electric water pumps is anticipated because of expanding population and increase in shift of population from rural to urban cities in the country.
The demand for residential water pump is expected to decline in 2020 compared to what it was in 2019 by almost 15% owing to decline in construction activities and lock down due to COVID-19 outbreak. However, market is expected to recover in the coming years because of various government initiatives to provide affordable housing to its people under several policies such as 1Malaysia Housing Program (PR1MA), Federal Territories Affordable Housing Project (RUMAWIP), MyHome (Private Affordable Ownership Housing Scheme), etc. Moreover, the government is aiming to build 1 million affordable houses across the country in the coming years. All these factors are anticipated to boost demand for residential electric water pumps over the coming years.
Malaysia residential electric water pump market is segmented based on well type, function type, pump type, power rating base, price range and region. Based on well type, the market can be segmented into shallow well and deep well. Among these, shallow well segment is expected to hold the largest market share during forecast period, but the deep well segment is expected to witness faster growth rate during the forecast period. Regionally, Malaysia residential electric water pump market has been segmented into West Malaysia and East Malaysia, out of which, West Malaysia would continue to hold more than 75% of the market share owing to the growing population and rising demand for clean and drinkable water in the region.
Major players operating in Malaysia residential electric water pump market include Panasonic Malaysia Sdn Bhd, Hitachi Sales (Malaysia) Sdn, Mitsubishi Electric Corporation, Grundfos Pumps Sdn Bhd, Joven Electric Co. Sdn. Bhd, CSP Advance Sdn Bhd., Leo Group Pump (Zhejiang) Co., Ltd and others.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the Study:
- To analyze and estimate the market size of Malaysia residential electric water pump market from 2015 to 2019.
- To estimate and forecast the market size of Malaysia residential electric water pump market from 2020 to 2025.
- To classify and forecast Malaysia residential electric water pump market based on well type, function type, pump type, power rating, price range, and regional distribution.
- To identify dominant region or segment in the Malaysia residential electric water pump market.
- To identify drivers and challenges for Malaysia residential electric water pump market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Malaysia residential electric water pump market.
- To identify and analyze the profile of leading players operating in Malaysia residential electric water pump market.
- To identify key sustainable strategies adopted by market players in Malaysia residential electric water pump market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of electric pump manufacturers in Malaysia. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the market players which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players in Malaysia.
TechSci Research calculated the market size of Malaysia residential electric water pump market using a bottom-up approach, wherein data for various segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Residential electric water pump manufacturers, suppliers and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to residential electric water pump
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Malaysia residential electric water pump market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Market, By Well Type:
- Shallow Well
- Deep Well
- Market, By Pump Type:
- Cascade Pump
- Turbine Pump
- Centrifugal Pump
- Submersible Pump
- Turbine Pump with Jet
- Market, By Function Type:
- Automatic
- Non- Automatic
- Market, By Power Rating:
- Up to 0.25 HP
- 0.25-0.5 HP
- 0.5 HP-1 HP
- 1 HP-1.5 HP
- Above 1.5 HP
- Market, By Price Range:
- Economy
- Medium
- High
- Premium
- Market, By Region:
- West
- East
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Malaysia residential electric water pump market.
Available Customizations:
With the given market data, 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).
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