DUBLIN–(BUSINESS WIRE)–The “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” report has been added to ResearchAndMarkets.com’s offering.
The Malaysian 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 the 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, the 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 the demand for residential electric water pumps over the coming years.
The Malaysian 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, the 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, the Malaysian 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 the Malaysian 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:
Report Scope:
In this report, the Malaysian 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:
Market, By Pump Type:
Market, By Function Type:
Market, By Power Rating:
Market, By Price Range:
Market, By Region:
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/4578pv
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