Malaysia Power Generation EPC Market Size (2024 - 2029)

The Malaysian power generation EPC market is poised for growth, driven by committed generation and transmission projects and increased government initiatives to boost public-private partnerships and private financing in renewable energy. Despite challenges such as material sourcing disruptions due to the COVID-19 pandemic and high capital investment requirements, the market is expected to expand, particularly as the renewable energy sector gains momentum. The government's ambitious target for renewable energy electricity generation by 2035 presents significant opportunities, contributing to the overall market size expansion during the forecast period.

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Market Size of Malaysia Power Generation EPC Industry

Malaysia Power Generation EPC Market Size
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 4.00 %

Major Players

Malaysia Power Generation EPC Market Key players

*Disclaimer: Major Players sorted in no particular order

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.

Malaysia Power Generation EPC Industry Segmentation

The Malaysia power generation EPC market report includes:

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Malaysia Power Generation EPC Market Size Summary

The Malaysian power generation EPC market is poised for growth, driven by a shift towards renewable energy and government initiatives to enhance public-private partnerships. Despite challenges posed by the COVID-19 pandemic, which disrupted supply chains and delayed projects, the market is expected to expand steadily. The government's commitment to increasing electricity generation from renewable sources, aiming for a significant portion by 2035, is a key factor propelling the market. This transition is supported by various solar and hydropower projects, which are set to contribute to the country's energy mix and create opportunities for EPC contractors.

The market landscape is moderately consolidated, with key players like Solarvest Holdings, Sunway Construction Group Bhd, and Scatec ASA actively participating in large-scale solar projects. These companies have secured numerous contracts under Malaysia's large-scale solar program, reflecting the growing demand for renewable energy infrastructure. The increasing number of power generation projects, particularly in the solar sector, is expected to drive the market forward. As Malaysia continues to reduce its reliance on fossil fuels, the power generation EPC market is likely to experience significant growth during the forecast period.

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Malaysia Power Generation EPC Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Installed Capacity and Forecast in GW, till 2027

    3. 1.3 Government Policies and Regulations

    4. 1.4 Recent Trends and Developments

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 PESTLE Analysis

  2. 2. MARKET SEGMENTATION BY SOURCE

    1. 2.1 Thermal

    2. 2.2 Hydroelectric

    3. 2.3 Renewables

Malaysia Power Generation EPC Market Size FAQs

The Malaysia Power Generation EPC Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Solarvest Holdings, Sunway Construction Group Bhd, Cypark Resources Berhad , Scatec ASA and Kpower Berhad are the major companies operating in the Malaysia Power Generation EPC Market.

Malaysia Power Generation EPC Market Report Snapshots

Malaysia Power Generation EPC Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)