Government Steps Drive Malaysia Refrigeration Appliances Market

1
Government Steps Drive Malaysia Refrigeration
Appliances Market
Triton Market Research presents the Malaysia
Refrigeration Appliances Market report segmented
by Category (Freezers, Fridges, Fridge Freezers)
and Distribution Channel (E- Commerce, Home and
Garden Specialist Retailers, Hypermarkets,
Electronics and Appliance Specialist, Department
Stores, Other Distribution Channels). The market
report further discusses the Market Summary,
Market Outlook, Definition, Size Forecasts,
Drivers, Restraints, Impact of COVID-19, Market
Share Analysis, Brand Share Analysis, Pestle
Analysis, Key Buying Criteria, Value Chain
Analysis, Competitive Landscape, Methodology
Scope, Global Market Size, Forecasts Analysis
(2022-2028). As per Tritons research report, the
Malaysia refrigeration appliances market is
anticipated to advance at a CAGR of 1.89 and
1.61 in revenue and volume, respectively, during
the forecast period 2022-2028. Request Free
Sample Report https//www.tritonmarketresearch.co
m/reports/malaysia-refrigeration-appliances-
marketrequest-free-sample Refrigeration
appliances are cooling systems that help preserve
food products for longer and prevent spoilage.
They are offered to end-users via various
channels, including hypermarkets and department
stores. Despite financial hardships since
COVID-19, several consumers have opted for
high-end freezers. This growth has resulted in
the government launching various programs to
support the adoption of energy-efficient
refrigeration appliances. For instance, the
Sustainable Energy Development Authority launched
the SAVE 3.0 program that offers a maximum RM 400
e- rebate to households purchasing 4 or 5-star
energy-efficient label appliances. Such
developments are likely to fuel the studied
markets growth. However, the dearth of skilled
workforce is anticipated to hamper the overall
development of the refrigeration appliances
market across Malaysia. In recent years, several
prominent companies have launched new products,
significantly adding to the studied markets
growth. For instance, Hisense Malaysia launched
four refrigerators with energy-saving features.
Another company, Carrier Malaysia, introduced a
variable refrigerant
2
flow system for commercial spaces. Such
developments are contributing to the expansion of
the refrigeration appliances market in the
country. The notable companies in the Malaysia
refrigeration appliances market include Samsung
Electronics Co Ltd, Toshiba Corporation, LG
Electronics, Haier Group Corporation, and
Panasonic Corporation. The rise in innovation and
brand awareness among people has increased the
demand for new products. As a result, key players
are launching a wide range of products to cater
to customer requirements. For instance, Panasonic
introduced 45 new products in nine categories,
including refrigerators, to improve efficiency
and connectivity. These factors thus indicate the
competition among players to rise over the
forecast period. Contact Us sales_at_tritonmarketre
search.com Phone [phone]