According to TechSci Research report, “Malaysia Residential Electric Water Pump Market By Well Type, By Pump Type, By Function Type, By Power Rating, By Price Range, By Region, Competition, Forecast & Opportunities, 2025”, Malaysia residential electric pump market is forecast to cross $ 54 million by 2025 on account of increase in residential construction and water management activities across 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. Moreover, demand for residential pumps is anticipated to increase because of rising population and increase in demand for clean and pure drinkable water.
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Malaysia residential electric water pump market is segmented based on well type, function type, pump type, power rating, price range, company and region. Based on well type, the market can be segmented into shallow well and deep well. Out of these segments, shallow well segment is expected to hold the largest market share during forecast period, however, deep well segment is forecast to register faster growth rate until 2025. Regionally, Malaysia residential electric water pump market has been segmented into West Malaysia and East Malaysia, out of which, West Malaysia is expected to hold the majority share through 2025 owing to high population density in the region, which is driving demand for residential electric water pumps.
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.
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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. “West Malaysia is expected to dominate the residential electric water pump market during the forecast period. Additionally, Government of Malaysia is taking necessary action and launching several policies to provide affordable housing to its citizens. Thus, increase in number of houses will result in rise in demand for uninterrupted water supply, thereby propelling the market for residential electric water pumps. Furthermore, key manufacturers and players operating in the market are expanding their businesses in the region, which is anticipated to positively influence the market for residential electric water pumps in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Malaysia Residential Electric Water Pump Market By Well Type, By Pump Type, By Function Type, By Power Rating, By Price Range, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of Malaysia residential electric water pump and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Malaysia residential electric water pump market.
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.
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