Key Market Indicators
The import of electrical equipment in Malaysia is projected to surge to approximately $72 billion by 2028, up from around $65 billion in 2023. This growth represents a compound annual growth rate (CAGR) of 1.6%. Historical data shows that since 1994, Malaysia's demand for electrical equipment has increased at an average rate of 1.5% per year. On the export front, Malaysia is expected to see its electrical equipment exports rise to about $104 billion by 2028, from $91 billion in 2023. This translates to an average annual growth rate of 2.1%. Since 1994, the country’s supply of electrical equipment has grown at an average rate of 1.9% per year.
