Market Size of Malaysia Power EPC Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Malaysia Power EPC Market Analysis
The Malaysia power EPC market is expected to grow at a CAGR of over 4% during the forecast period. Malaysia's power generation infrastructure has been dominated by thermal sources, despite the positive growth potential for renewables, in the market. More than 80% of the electricity generation in the country came from thermal stations, in 2018. Committed generation and transmission projects in Peninsular Malaysia, increasing government measures to increase public-private partnership and private financing in the renewable energy sector, 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, increasing price of fuel for the power sector is likely to remain one of the major challenges for the Malaysian power industry, in the years ahead.
- The renewable energy sector is expected to be the fastest-growing market, due to a significant growth in the coming years owing to the country's efforts and favorable government policies to encourage the increase in the share of renewable energy sources in the energy mix.
- Large-scale solar photovoltaic plants is expected to create significant opportunities for the power EPC market in the future.
