The Malaysia Renewable Energy Market size is estimated at 10.11 gigawatt in 2024, and is expected to reach 12.58 gigawatt by 2029, growing at a CAGR of 4.45% during the forecast period (2024-2029).
The spread of COVID-19 hurt the market because investments dropped and some regions had to close down.Currently, the market has rebounded from pre-pandemic levels.
The Malaysian renewable energy market is moderately fragmented. Some of the major players in the market (in no particular order) include JA Solar Technology Co. Ltd, Solarvest Holdings Berhad, TNB Engineering Corporation Sdn Bhd, CS Wind Malaysia, and Plus Xnergy Holding Sdn Bhd.
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