Market Size of Malaysia Power Generation EPC Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Malaysia Power Generation EPC Market Analysis
The Malaysian power generation EPC market is expected to witness a CAGR of more than 4% during the forecast period, 2022-2027. The COVID-19 pandemic caused disruptions in the market in the form of difficulties in sourcing the materials and equipment as a result of lockdowns in Malaysia and other parts of the world. This further led to delays in the projects. Factors such as committed generation and transmission projects in Malaysia, along with increasing government measures to increase public-private partnership and private financing in the renewable energy sectors, are likely to drive the market. However, factors such as high capital investment on the part of the vendor and no risk on the part of the sponsor of the projects may restrain the market.
- The renewable energy sector is expected to witness significant growth during the forecast.
- The Malaysian Government has set a target to achieve 40% of electricity generation through renewable energy sources by 2035. This is expected to offer enormous opportunities in the Malaysian Power Generation EPC Market.
- Upcoming power generation projects in Malaysia are expected to drive the country's power generation EPC market during the forecast period.
