Malaysia Power EPC Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Power Generation (Thermal, Hydroelectric, and Renewables), and Power Transmission & Distribution

Market Snapshot

Malaysia Power EPC Market - Market Summary
Study Period:

2017-2024

Base Year:

2018

Key Players:

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Market Overview

Malaysia’s power generation is highly dependent on and dominated by thermal sources, such as coal, oil, and natural gas. More than 80% of the electricity generation in the country came from thermal stations, in 2018. The installed power capacity in Malaysia is expected to grow at a CAGR of approximately 4.24% during the forecast period of 2019-2024. Committed generation and transmission projects in Peninsular Malaysia, along with regional grid connectivity under the ASEAN Power Grid, are the major drivers that are expected to propel the power EPC market in the country. However, the fuel price is projected to rise during the forecast period, with the surging global oil and gas price, and is likely to hamper the overall development of power sector in the country, and thereby curtailing the growth of power EPC market.  

  • Large scale solar photovoltaic plants and electricity grid expansion in the country are expected to create significant opportunities for the power EPC market in the future. 
  • The renewable energy sector is expected to witness a significant growth in the coming years owing to the country’s efforts and policies to increase the share of renewable energy sources in the energy mix. 

Scope of the Report

The Malaysia power EPC market report include:

Sector
Power Generation
Thermal
Hydroelectric
Renewables
Key Projects
Existing Infrastructure
Upcoming Projects
Projects in the Pipeline
Power Transmission and Distribution
Key Projects
Existing Infrastructure
Upcoming Projects
Projects in the Pipeline
List of EPC Developers

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Key Market Trends

Growth in Renewable Energy Sector

  • In 2018, the total renewable installed capacity reached 8.15 GW, representing an increase of 44% from the 2013 levels. The country embarked on various initiatives to boost renewable energy, including feed-in tariff, large-scale solar, and net energy metering. Supporting this, the country set its target on having 7.8% of the overall installed capacity from renewable energy, excluding large hydro.   
  • Malaysia has an abundant supply of biomass. The country is expected to take good advantage of waste and by-products from its substantial agricultural and forestry industries, in order to generate biomass-fired power over the coming years. The government is likely to tap into rice, sugar, and palm oil production, along with activities regarding forestry and municipal waste as a source of feedstock for the biomass sector.
  • Under the 11th Malaysian plan for development, the biomass sector is identified as a key contributor to the target of sourcing 30% of power from renewable energy within the next eight years. The country’s largest utility company, Tenaga Nasional Berhad (TNB) has also formed joint ventures at the local level, with the aim to develop biomass facilities.
  • Adding to this, as the electricity cost continues to rise, many are turning toward solar energy, as it is an alternative and cost-effective energy. Many organizations in the country are jumping on to the solar bandwagon, as the nation strives to become the world’s second largest PV module producer by 2020.
  • Ranked as the world’s third largest producer of PV cells and modules, the country has an ecosystem, comprising of 250 companies involved in upstream activities, such as polysilicon, wafer, cell, and module production and downstream activities, such as inverters and system integrators.
  • New mechanisms, such as the auctions now seen in the country, are being introduced to supplement the traditional instruments that have driven the region’s renewable energy growth. The country is also supporting the development of renewable energy through the National Renewable Energy Policy, Renewable Energy Act, Sustainable Energy Development Authority Act, Green Technology Policy, Green Technology Financing, and National Bio Fuel Policy.
Malaysia Power EPC Market - Key Market Trends

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Competitive Landscape

The Malaysia power EPC market is fragmented. Some of the major companies include General Electric Company, Jacobs Engineering Group Inc., Poyry PLC, IHI Corporation, and Sumitomo Corporation.

Major Players

  1. General Electric Company
  2. Jacobs Engineering Group Inc.
  3. Poyry PLC
  4. IHI Corporation
  5. Sumitomo Corporation

* Complete list of players covered available in the table of contents below

Malaysia Power EPC Market - Market Concentration

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

    4. 1.4 Study Deliverables

    5. 1.5 Research Phases

  2. 2. EXECUTIVE SUMMARY

  3. 3. RESEARCH METHODOLOGY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Installed Power Capacity Forecast in GW, till 2024

    3. 4.3 Power EPC Tendering Process

    4. 4.4 Recent Trends and Developments

    5. 4.5 Investment Opportunities and CAPEX analysis

    6. 4.6 Government Policies, Regulations, and Targets

    7. 4.7 Market Dynamics

      1. 4.7.1 Drivers

      2. 4.7.2 Restraints

    8. 4.8 PESTLE Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Sector

      1. 5.1.1 Power Generation

        1. 5.1.1.1 Thermal

        2. 5.1.1.2 Hydroelectric

        3. 5.1.1.3 Renewables

        4. 5.1.1.4 Key Projects

          1. 5.1.1.4.1 Existing Infrastructure

          2. 5.1.1.4.2 Upcoming Projects

          3. 5.1.1.4.3 Projects in the Pipeline

      2. 5.1.2 Power Transmission and Distribution

        1. 5.1.2.1 Key Projects

          1. 5.1.2.1.1 Existing Infrastructure

          2. 5.1.2.1.2 Upcoming Projects

          3. 5.1.2.1.3 Projects in the Pipeline

      3. 5.1.3 List of EPC Developers

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Key Company Profiles

      1. 6.3.1 EPC Developers

        1. 6.3.1.1 General Electric Company

          1. 6.3.1.1.1 Jacobs Engineering Group Inc.

          2. 6.3.1.1.2 Poyry PLC

          3. 6.3.1.1.3 IHI Corporation

          4. 6.3.1.1.4 Sumitomo Corporation

      2. 6.3.2 Original Equipment Manufacturers

        1. 6.3.2.1 Toshiba Corporation

        2. 6.3.2.2 Hitachi Ltd

        3. 6.3.2.3 ABB Ltd

        4. 6.3.2.4 Siemens AG

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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