Market Forecast By Voltage (Low Voltage, Medium Voltage, High Voltage, Extra-High Voltage), By Installation (Overhead, Underground), By End-users (Aerospace & Defense, Building & Construction, Oil & Gas, Energy & Power, IT & Telecommunication, Others) And Competitive Landscape
Product Code: ETC012706 | Publication Date: Oct 2020 | Updated Date: Aug 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
In the year 2021, China was the largest exporter in terms of value, followed by USA. It has registered a growth of 49.46% over the previous year. While USA registered a growth of 44.41% as compare to the previous year. In the year 2017 China was the largest exporter followed by USA. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Malaysia has the Herfindahl index of 2107 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of 2606 which signifies high concentration in the market.
Malaysia Wires & Cables Market is expected to grow remarkably in the years to come. To keep up with the latest trends and technologies in the market many companies in the country have diversified their portfolio by introducing new and latest energy-saving wiring systems which are designed by using advanced materials like solar panels and rechargeable batteries that can be installed directly into homes or buildings without any requirement of external power source supply and this has led to a reduction in the electricity costs. There has also been an increase in the number of companies producing insulated copper or aluminium wires & cables used mainly for electrical installations in high-voltage applications such as substations wind turbines hydroelectric plants etc. This is likely to boost its sales further over the next few years and give a boost to the market.
Malaysia Wires & Cables Market report thoroughly covers the market by voltage, installation and end user. The outlook 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 Wires & Cables Market is projected to grow over the coming year. Malaysia Wires & Cables Market report is a part of our periodical regional publication Asia Pacific Wires & Cables Market outlook report. 6W tracks Wires & Cables market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titled Global Wires & Cables Market outlook report annually.
Malaysia Wires & Cables Market is anticipated to project modest growth during the coming years on the back of surging investment in the transmission and distribution sector. Government raising initiatives to promote the deployment of renewable energy resources to reduce the carbon footprints are adding to the growth of the market.
According to 6Wresearch, Malaysia Wires & Cables Market size is likely to register growth during 2020-2026. The strengthening of IT services coupled with the growing number of data centres and the emergence of big data is driving the growth of the market. Additionally, the surging population is driving the energy demand which is further propelling the development of the market. The focus of the government of a country on industrialization and economic growth has led to the growth of various industries and it has fuelled the development of the market. Malaysia has been investing hugely in renewable energy projects such as solar and wind farms and these projects require cables & wires for the transmission of the power. There are some major challenges prevalent in the market. The price of the raw material is the major challenge for the market. Fluctuations in the economy, currency fluctuations, and inflation can hugely impact the overall growth of the market The market is an integral part of the Asia Pacific Wires & Cables Market and these factors negatively affected the overall development of the market.
The COVID-19 pandemic hugely impacted the Wires & Cables Market in Malaysia as there was uncertainty surrounding the duration of the pandemic and it impacted the overall economy. There was less spending by businesses and consumers on account of constant lockdowns and restrictions on travel. There was disruption in the supply chain which heavily affected both production and demand for wires and cables in Malaysia. The telecommunications sector witnessed a significant increase in demand for data transmission services as remote working and online communication became the new normal during the pandemic. This major factor drove the need for specialized cables used in data centres and telecommunication networks amid the global health crisis.
These are the major players who have a strong foothold in the Malaysia Wires & Cables Industry and are widely engaged in the production and distribution of wires & cables in the country.
According to Ravi Bhandari, Research Manager, 6Wresearch the low voltage segment will have a major share in the market due to its use for electrical wiring in residential buildings.
Based on end users, the market is segmented into Aerospace & Defense, Building & Construction, Oil & Gas, Energy & Power, IT & Telecommunication, and Others. The Building & Construction industry will lead to Malaysia Wires & Cables Market Growth due to an increase in real estate projects.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Malaysia Wires & Cables Market Overview |
3.1 Malaysia Wires & Cables Market Revenues & Volume, 2016 - 2026F |
3.2 Malaysia Wires & Cables Market - Industry Life Cycle |
3.3 Malaysia Wires & Cables Market - Porter's Five Forces |
3.4 Malaysia Wires & Cables Market Revenues & Volume Share, By Voltage, 2019 & 2026F |
3.5 Malaysia Wires & Cables Market Revenues & Volume Share, By Installation, 2019 & 2026F |
3.6 Malaysia Wires & Cables Market Revenues & Volume Share, By End-users, 2019 & 2026F |
4 Malaysia Wires & Cables Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Malaysia Wires & Cables Market Trends |
6 Malaysia Wires & Cables Market Segmentation |
6.1 Malaysia Wires & Cables Market, By Voltage |
6.1.1 Overview and Analysis |
6.1.2 Malaysia Wires & Cables Market Revenues & Volume, By Low Voltage, 2016 - 2026F |
6.1.3 Malaysia Wires & Cables Market Revenues & Volume, By Medium Voltage, 2016 - 2026F |
6.1.4 Malaysia Wires & Cables Market Revenues & Volume, By High Voltage, 2016 - 2026F |
6.1.5 Malaysia Wires & Cables Market Revenues & Volume, By Extra-High Voltage, 2016 - 2026F |
6.2 Malaysia Wires & Cables Market, By Installation |
6.2.1 Overview and Analysis |
6.2.2 Malaysia Wires & Cables Market Revenues & Volume, By Overhead, 2016 - 2026F |
6.2.3 Malaysia Wires & Cables Market Revenues & Volume, By Underground, 2016 - 2026F |
6.3 Malaysia Wires & Cables Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Malaysia Wires & Cables Market Revenues & Volume, By Aerospace & Defense, 2016 - 2026F |
6.3.3 Malaysia Wires & Cables Market Revenues & Volume, By Building & Construction, 2016 - 2026F |
6.3.4 Malaysia Wires & Cables Market Revenues & Volume, By Oil & Gas, 2016 - 2026F |
6.3.5 Malaysia Wires & Cables Market Revenues & Volume, By Energy & Power, 2016 - 2026F |
6.3.6 Malaysia Wires & Cables Market Revenues & Volume, By IT & Telecommunication, 2016 - 2026F |
6.3.7 Malaysia Wires & Cables Market Revenues & Volume, By Others, 2016 - 2026F |
7 Malaysia Wires & Cables Market Import-Export Trade Statistics |
7.1 Malaysia Wires & Cables Market Export to Major Countries |
7.2 Malaysia Wires & Cables Market Imports from Major Countries |
8 Malaysia Wires & Cables Market Key Performance Indicators |
9 Malaysia Wires & Cables Market - Opportunity Assessment |
9.1 Malaysia Wires & Cables Market Opportunity Assessment, By Voltage, 2019 & 2026F |
9.2 Malaysia Wires & Cables Market Opportunity Assessment, By Installation, 2019 & 2026F |
9.3 Malaysia Wires & Cables Market Opportunity Assessment, By End-users, 2019 & 2026F |
10 Malaysia Wires & Cables Market - Competitive Landscape |
10.1 Malaysia Wires & Cables Market Revenue Share, By Companies, 2019 |
10.2 Malaysia Wires & Cables Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |