Frequent Power Outages Help the Growth of Malaysia Diesel Generator Set Market

0
4KB

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.

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.

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.

Source: P&S Intelligence

Pesquisar
Categorias
Leia mais
Jogos
Mastering Poe 2 Currency Trade: Buy and Purchase Path of Exile 2 Currency for Ultimate Success
Mastering Poe 2 Currency Trade When it comes to achieving greatness in Path of Exile 2,...
Por Casey 2025-01-12 00:01:41 0 987
Jogos
Maximize Your Wealth: A Comprehensive Guide to POE 2 Currency and Trade Strategies for Items for Sale
Maximize Your Wealth: A Comprehensive Guide to POE 2 Currency and Trade Strategies for Items for...
Por Casey 2025-02-13 12:20:50 0 745
Jogos
Guía Completa para Comprar Monedas de Clubes FC 25: Todo lo que Necesitas Saber sobre Monedas FC25
Guía Completa para Comprar Monedas de Clubes FC 25: Todo lo que Necesitas Saber sobre...
Por Casey 2025-02-01 03:24:47 0 778
Crafts
Main Landing Gear Tire Market
Main Landing Gear Tire Market The main landing gear tire market is a crucial segment of the...
Por balajikal 2024-12-14 13:30:42 0 1KB
Outro
Foam Adhesive Films Market Current Trends, Opportunities and Competitive Analysis Report 2023 to 2032
The Global Foam Adhesive Films Market Report is a comprehensive and in-depth study on the...
Por Rini_Patel 2024-02-17 19:36:34 0 6KB