Press release
Malaysia Diesel Generator Set Market: Growth Driven by Infrastructure Development and Power Reliability Needs
Malaysia Diesel Generator Set Market
One of the primary drivers of this growth is the government's strong focus on infrastructure development. Plans to build 1 million housing units by 2029, primarily for low-income groups, are expected to significantly increase the demand for diesel generator sets, ensuring power reliability in new residential communities.
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The construction sector in Malaysia is also expanding rapidly, having grown by 14.6% in 2021 compared to the previous year. Construction activities typically require consistent and dependable power supply, making diesel generators an essential part of ongoing and upcoming projects across the nation.
Frequent power outages, often caused by natural disasters such as floods and storms, further highlight the need for dependable backup power systems. For instance, the temporary shutdown of over 300 power substations across several states in the past left thousands without electricity. In such scenarios, diesel generators are vital for powering evacuation centers and emergency services.
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In terms of power rating, the above 750 kVA segment dominates due to the high demand for large-capacity generators in industries and large commercial establishments. Commercial applications are expected to witness the fastest growth, as businesses increasingly rely on uninterrupted power for operations.
The market is consolidated, with leading players focusing on expanding their offerings, launching new products, and forming strategic partnerships to enhance their presence in Malaysia. The outlook for the diesel generator set market in Malaysia remains positive, driven by infrastructure investments, industrial development, and the pressing need for energy security.
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