Market Forecast By Applications(Transmission & Distribution Utility, Manufacturing Industry, Commercial & Residential Sector), By Voltage Type(Low Voltage, Medium Voltage), By Mounting(Flush Mounting, Surface Mounting)and competitive landscape
Product Code: ETC001846 | Publication Date: Jul 2024 | Updated Date: Jul 2024 | Product Type: Repory | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Malaysia Panel Board Market |
Forecast period | 2024-2030 |
CAGR | 6.5% |
Growing Sector | Construction |
Malaysia Panel Board Market report thoroughly covers the market by applications, voltage type and mounting. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Malaysia Panel Board Market is experiencing significant growth and projected to attain more growth in the coming years due to increase in construction activities and rapid industrialization. This growth is fuelled by the rising demand for efficient and sustainable construction materials, as well as government initiatives aimed at modernizing infrastructure. The market is characterized by a diverse range of products, including particle boards, medium-density fibreboards (MDF), and high-density fibreboards (HDF), each catering to different aspects of the construction and furniture industries.
According to 6Wresearch, Malaysia Panel Board Market size is expected to grow at a CAGR of 6.5% during 2024-2030. Several factors are driving the growth of Malaysia Panel Board Market such as the rapid urbanization and industrialization taking place across the country. As urban centers expand and new industrial facilities are established, the demand for high-quality panel boards in both construction and furniture manufacturing increases. Additionally, the government's focus on infrastructure development, with numerous projects aimed at improving transportation, housing, and public facilities, has significantly boosted the market. Furthermore, the rising consumer awareness and preference for eco-friendly and sustainable materials. With an increasing number of green building initiatives and certifications, there is a growing demand for panel boards that are not only durable but also environmentally responsible.
However, Malaysia Panel Board Market faces few restraints such as is the volatile prices of raw materials, such as wood and resins, which are essential for the production of panel boards. Fluctuations in raw material costs can lead to increased production expenses, affecting the overall profitability of manufacturers. Additionally, stringent environmental regulations and compliance requirements pose another significant restraint. While the push for eco-friendly products drives innovation, meeting these regulatory standards can be costly and complex. Furthermore, competition from alternative materials, such as plastics and metals, presents an ongoing challenge for the panel board industry.
The key players include Green River Panels, Mieco Chipboard Berhad, Evergreen Fibreboard Berhad, HeveaBoard Berhad, SYF Resources Berhad, Kim Hin Joo. These organizations are diversified manufacturers offering a variety of panel boards, including particle boards and melamine-faced chipboards, catering to both local and export markets.
Malaysia Panel Board Market is growing and government’s regulation and policies are helping in extension of the market. One of the key initiatives is the implementation of the National Green Technology Policy, which aims to promote sustainable development and the adoption of eco-friendly materials in construction and manufacturing. Under this policy, significant incentives and subsidies are provided to companies that invest in green technologies and practices, encouraging the production of environmentally friendly panel boards. Additionally, the Malaysian Investment Development Authority (MIDA) has been instrumental in attracting foreign investments and facilitating partnerships between local and international firms.
The future of Malaysia Panel Board Market looks promising due to various factors such as increasing focus on sustainability and innovation. Manufacturers are expected to invest more in advanced technologies that will not only improve production efficiency but also enhance the quality and environmental attributes of their products. Additionally, the rise in demand for customizable and multi-functional panel boards. As consumer preferences shift towards personalized and versatile interior solutions, manufacturers will need to adapt by offering products that cater to these specific needs. This includes the development of panel boards with distinctive finishes, enhanced durability, and additional functionalities like moisture resistance and fire retardancy.
According to Ravi Bhandari, Research Head, 6Wresearch, commercial and residential sector is poised for robust growth in coming years due to evolving needs for efficient energy infrastructure and dynamic building environments make this sector pivotal in shaping the direction of the panel board market in Malaysia.
Medium Voltage market is poised for robust growth in future attributed to the substantial investments in industrial, infrastructural, and utility projects. The evolving energy landscape and infrastructure development initiatives will predominantly drive this segment.
Flush mounting panel boards are anticipated to gain significant traction in the coming years due to their robustness and practicality. Advancement of building codes and standards that prioritize safety and space optimization will further boost the adoption of flush mounting panel boards.
The report offers a comprehensive study of the subsequent market segments
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of The Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Malaysia Panel Board Market Overview |
3.1. Malaysia Panel Board Market Revenues, 2020-2030F |
3.2. Malaysia Panel Board Market Revenue Share, By Voltage Type, 2020 & 2030F |
3.3. Malaysia Panel Board Market Revenue Share, By Applications, 2020 & 2030F |
3.4 Malaysia Panel Board Market Revenue Share, By Mounting, 2020 & 2030F |
3.5. Malaysia Panel Board Market - Industry Life Cycle |
3.6. Malaysia Panel Board Market - Porter’s Five Forces |
4. Malaysia Panel Board Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Malaysia Panel Board Market Trends |
6. Malaysia Panel Board Market Overview, By Voltage Type |
6.1. Malaysia Panel Board Market Revenues, By Low Voltage, 2020-2030F |
6.2. Malaysia Panel Board Market Revenues, By Medium Voltage, 2020-2030F |
7. Malaysia Panel Board Market Overview, By Applications |
7.1. Malaysia Transmission & Distribution utility Electric Panel Board Market Revenues, 2020-2030F |
7.2. Malaysia Manufacturing Industry Electric Panel Board Market Revenues, 2020-2030F |
7.3. Malaysia Commercial & Residential Electric Panel Board Market Revenues, 2020-2030F |
7.4. Malaysia Other Applications Electric Panel Board Market Revenues, 2020-2030F |
8. Malaysia Panel Board Market Overview, By Mounting |
8.1 Malaysia Panel Board Market Revenues, By Surface Mounting, 2020-2030F |
8.2 Malaysia Panel Board Market Revenues, By Flush Mounting, 2020-2030F |
9. Malaysia Panel Board Market Key Performance Indicators |
10. Malaysia Panel Board Market Opportunity Assessment |
10.1. Malaysia Panel Board Market Opportunity Assessment, By Voltage Type, 2030F |
10.2. Malaysia Panel Board Market Opportunity Assessment, By Applications, 2030F |
10.3 Malaysia Panel Board Market Opportunity Assessment, By Mounting, 2030F |
11. Malaysia Panel Board Market Competitive Landscape |
11.1. Malaysia Panel Board Market Competitive Benchmarking, By Operating & Technical Parameters |
11.2. Malaysia Panel Board Market Revenue Share, By Companies, 2023 |
12. Company Profiles |
13. Key Strategic Recommendations |
14. Disclaimer |
Market Forecast By Applications(Transmission & Distribution Utility, Manufacturing Industry, Commercial & Residential Sector), By Voltage Type(Low Voltage, Medium Voltage), By Mounting(Flush Mounting, Surface Mounting)and competitive landscape
Product Code: ETC001846 | Publication Date: Mar 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Malaysia panel board market is expected to register prominent growth over the coming years. As countries around the globe are shifting towards a competitive and sustainable energy market, Malaysia is all set to follow the suit. Malaysian government’s continuous efforts towards the efficient supply of electricity in the country by mode of pipelines in the urban and rural areas along with upgradations in the power grid system of the country is anticipated to promote the growth of panel boards in the country over the next few years.
According to 6Wresearch, Malaysia Panel Board Market size is anticipated to register growth during 2020-2026. A surge in the construction projects across Malaysia is expected in the coming years with the growing focus of the government towards the expansion of the tourism industry and overall economic development of the country, as a result, the demand for electrical products would lead to a corresponding increase in the demand for panel boards across several applications.
Based on the voltage type, the low voltage panel boards accounted for the highest revenue share in the overall panel board market of Malaysia in 2019. However, with the growing government investment for the development of the industrial sector in the country along with the grid strengthening and interconnection of regions that involve the establishment of substations significant demand for the medium voltage panel boards is expected during the forecast period.
The Malaysia panel board market report thoroughly covers the market by applications, voltage, and mounting. Malaysia panel board market outlook report provides an unbiased and detailed analysis of the on-going Malaysia panel board market trends, Malaysia panel board market share, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.4
Backed by massive construction in the capital city of Malaysia, Kuala Lumpur, the market for panel board market is expected to witness an upsurge owing to an increase in demand for industrial products to meet the rising power grid infrastructure expansion. Some of the projects to be listed under development and expected to drive in significant revenues for the Malaysia panel board market are Merdeka PNB118 project, Fairmont Kuala Lumpur Tower 1, and Oxley Tower 1. The aforementioned projects are expected to act as a catalyst for the growth of the panel board market in Malaysia in the coming timeframe and offer bountiful opportunities for the to be investors to seek investment in these projects with regard to their industrial product and seek a fortunate a promising future business growth.
Key Highlights of the Report:
Markets Covered:
The Malaysia panel board market report provides a detailed analysis of the following market segments: