Malaysia Power Generation Epc Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
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.
Key HighlightsThe Malaysian Power Generation EPC Market is moderately consolidated. Some of the key players in this market include Scatec ASA, Solarvest Holdings, Sunway Construction Group Bhd, Kpower Berhad, and Cypark Resources Berhad.
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