Malaysia Diesel Generator Set Market to Reach Nearly $98 Million by 2030

The Malaysia diesel generator set market was around $83 million in 2021, and it will propel at a growth rate of about 2% in the coming years, to reach nearly $98 million by 2030. This is due to the fact that the Malaysian government is focusing on growing infra development, with plans to construct 1 million houses for catering to people below the 40% income bracket by 2029.

The above 750 kVA generator set had the largest demand in the Malaysia diesel generator set market in 2021, and it will grow at a growth rate of around 2% in the near future. The demand for these generators chiefly arises because of applications in the industrial sector. During the last 20 years, the country has manufactured 40% of the global production of hard disk drives, and it is one of the major exporters, leading to industrial sector growth.

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In 2021, the demand from the commercial sector in Malaysia diesel generator set market was the highest, and it will increase at a growth rate of 2% by the end of this decade. Over the last 10 years, the nation has become a popular center for medical tourism, ICT, and logistical services. Likewise, it is situated at the center of the market in Southeast Asia.

The requirement for energy is unceasingly rising in Malaysia; till now, the supply is much lesser than what is demanded, which results in frequent power cuts all over Malaysia, which largely happen as a result of natural calamities. Malaysia is extremely susceptible to tsunamis and floods; owing to the safety concerns of the people, the administration shuts down the power stations all across the nation When there is no power, it calls for a diesel generator and thus Malaysia Diesel Generator set Market will be on the rise.

For example, TNB momentarily shut down 333 power substations in 6 states in December 2021. This affected 17,251 consumers in Pahang, 4,450 in Kuala Lumpur, 5,062 in Selangor, 470 in Kelantan, 634 in Melaka, and 284 in Negeri Sembilan. Though, power was provided through portable diesel gensets at temporary evacuation centers not receiving power supply from substations. Therefore, the continuous power outage issue is leading to the increasing requirement for diesel generator sets in the nation.

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Key players in the Malaysia diesel generator set market are involved in numerous strategic developments, for instance, product introduction, to remain competitive in the market. For example, Cummins Inc. revealed the EC-AGS+ wireless system in September 2021, for Onan gas and diesel generators. It lets users regulate the generators with the help of a mobile app. The wireless control lets autonomous, manual, and voice activation start diesel generator sets, offers reminders for maintenance via Bluetooth, and allows climate monitoring.

The demand for diesel generators in Malaysia is increasing day by day, because of the frequent power outages, and a need for an uninterrupted power supply.

Browse more reports:

India Prime Power Diesel Genset Market Report - https://www.psmarketresearch.com/market-analysis/india-prime-power-dg-set-market

Ghana Diesel Genset Market Report - https://www.psmarketresearch.com/market-analysis/ghana-dg-set-market

Philippines Diesel Genset Market Report - https://www.psmarketresearch.com/market-analysis/philippines-diesel-generator-set-market

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