Malaysia Circuit Breaker Market Outlook (2023-2029) | COVID-19 IMPACT, Value, Growth, Forecast, Industry, Size, Companies, Analysis, Revenue, Trends & Share

Market Forecast By Insulation Type (Vacuum Circuit Breaker, Air Circuit Breaker, Gas Circuit Breaker, Oil Circuit Breaker), By Voltage (Medium Voltage, High Voltage), By Installation (Indoor, Outdoor), By End User (T&D Utilities, Power Generation, Renewables, Railways) And Competitive Landscape

Product Code: ETC431422	Publication Date: Jun 2023	Updated Date: May 2024	Product Type: Market Research Report
Publisher: 6Wresearch	No. of Pages: 75	No. of Figures: 35	No. of Tables: 20

Malaysia Circuit Breaker Market Competition 2023

Malaysia Circuit Breaker market currently, in 2023, has witnessed an HHI of 1730, Which has decreased slightly as compared to the HHI of 1809 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

Malaysia Export Potential Assessment For Circuit Breaker Market (Values in USD Thousand)

Malaysia is the second largest market for circuit breakers in Asia after China. The country has a wide range of products available, ranging from miniature circuit breakers to high-voltage switchgear. Malaysia also produces and exports various types of circuit breakers, including air-blast type, oil-immersed type, vacuum type, magnetic contactors and relays. In recent years there has been an increase in demand for these products due to increased investments in infrastructure projects such as power generation plants and transportation networks across the country.

The growth of this market can be attributed to increasing electricity consumption levels coupled with rising concerns over power quality management and improved energy efficiency standards set by local government regulations. Additionally, growing construction activities have further boosted the demand for circuit breakers as they are used widely for residential buildings as well as commercial premises. Growing awareness about safety among end users has also propelled the demand for these products through retail outlets such as electrical shops and supermarkets located throughout Malaysia. Manufacturers like Schneider Electric , ABB Group , Siemens AG , Eaton Corporation PLC etc., are some popular companies offering a variety of circuit breaker solutions in Malaysia .