Malaysia Power Market Size and Trends by Installed Capacity, Generation, Transmission, Distribution, and Technology, Regulations, Key Players and Forecast, 2022-2035

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

Malaysia Power Market Overview

The cumulative installed capacity in the Malaysia power market was valued at 40.1 GW in 2021 and is expected to achieve a CAGR of more than 2% during 2021-2035. During this period, renewable power is expected to witness rapid growth.

The Malaysia power market research report discusses the power market structure of Malaysia and provides historical and forecast numbers for capacity, generation, and consumption up to 2035. A detailed analysis of the country’s power market regulatory structure, competitive landscape, and a list of major power plants are provided. The report also gives a snapshot of the power sector in the country on broad parameters of macroeconomics, supply security, generation infrastructure, transmission and distribution infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential. Moreover, an analysis of the deals in the country’s power sector is also included.

Malaysia Power Market Outlook

Malaysia Power Market Outlook

To gain more information on the Malaysia power market forecast, download a free report sample

Malaysia Power Market Dynamics

Solar PV, biopower, and small hydro are the only three renewable sources utilized by the country. In 2015, Malaysia took a step towards exploring geothermal power by launching the 30 MW Tawau project but was later abandoned by the government. The country presently does not have any nuclear capacity and in September 2018, the prime minister announced that they have no plans to pursue nuclear power in the country owing to the risks associated with it. Malaysia has not yet explored any of its wind or geothermal potential, and these unexploited resources can play a significant role in the country’s future renewable energy mix.

For the last few years, the country has been stepping towards green technology to achieve sustainable development. To attract more new entrants in renewable energy the country released the Renewable Energy Act 2011 which established a platform of feed-in-tariffs (FiTs) for renewable energy sources. The Renewable Energy Act was amended in 2014, 2015, and lately in 2019. The latest addition to the regulation was in January 2019 which introduced the Net Energy Metering (NEM) scheme to further boost renewable energy development in the country.

Malaysia Power Market Segmentation by Sectors

The key sectors in the Malaysia power market are the residential sector, commercial sector, industrial sector, and transport sector, among others. In 2021, the industrial sector had the dominant share in Malaysia’s power consumption market.

Malaysia Power Market Analysis by Sectors

Malaysia Power Market Analysis by Sectors

For more sector insights into the Malaysia power market, download a free report sample

Malaysia Power Market Segmentation by Deal Types

The key deal types in the Malaysia power market are debt offerings, asset transactions, partnerships, equity offerings, and acquisitions. Malaysia’s power deals market was dominated by debt offerings in 2021.

Malaysia Power Market Analysis by Deal Types

Malaysia Power Market Analysis by Deal Types

For more deal type insights into the Malaysia power market, download a free report sample

Malaysia Power Market - Competitive Landscape

Some of the leading players in the Malaysia power market are Tenaga Nasional Bhd, Malakoff Corporation Bhd, Sarawak Energy Bhd, China General Nuclear Power Corp, and Petroliam Nasional Bhd, among others. Malaysia’s power generation market was dominated by Tenaga Nasional Bhd in 2021.

Malaysia Power Market Analysis by Leading Players

Malaysia Power Market Analysis by Leading Players

To know more about the leading players in the Malaysia power market, download a free report sample

Malaysia Power Market Report Overview

Market Size (2021)  40.1 GW
CAGR (2021 – 2035)  >2%
Key Sectors  Residential Sector, Commercial Sector, Industrial Sector, and Transport Sector
Key Deal Types Debt Offerings, Asset Transactions, Partnerships, Equity Offerings, and Acquisitions
Leading Players  Tenaga Nasional Bhd, Malakoff Corporation Bhd, Sarawak Energy Bhd, China General Nuclear Power Corp, and Petroliam Nasional Bhd

Scope 

  • Snapshot of the country’s power sector across parameters – macroeconomics, supply security, generation infrastructure, transmission infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential of the power sector
  • Statistics for installed capacity, generation, and consumption from 2010 to 2021, and forecast for the next 14 years to 2035
  • Capacity, generation, and major power plants by technology
  • Data on leading active and upcoming power plants
  • Information on transmission and distribution infrastructure, and electricity imports and exports
  • Policy and regulatory framework governing the market
  • Detailed analysis of top market participants, including market share analysis and SWOT analysis

Reasons to Buy

  • Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector
  • Identify key factors driving investment opportunities in the country’s power sector
  • Facilitate decision-making based on strong historic and forecast data
  • Develop strategies based on the latest regulatory events
  • Position yourself to gain the maximum advantage of the industry’s growth potential
  • Identify key partners and business development avenues
  • Identify key strengths and weaknesses of important market participants
  • Respond to your competitors’ business structure, strategy, and prospects

Table of Contents

Table of Contents

1. Executive Summary

1.1 Unrealistic targets, limited utilization of renewable sources, and lack of robust policies hindering the growth of renewables in Malaysia

1.2 Renewable power to account for

22.7% of total cumulative capacity by 2035

2. Introduction

2.1 Malaysia Power Market

2.2 GlobalData Report Guidance

3. Malaysia Power Market, Snapshot

3.1 Country Summary

3.2 Macroeconomic Factors

3.3 Supply Security

3.4 Opportunities

3.5 Challenges

3.6 Impact of COVID-19

4. Malaysia Power Market, Market Analysis

4.1 Market Structure

4.2 Key Market Players

4.3 Financial Deals

Deal Value and Volume, 2010–2021

Deals by Type, 2021

4.4 Malaysia Power Market, Demand Structure

Power Consumption by Sector, 2021

5. Malaysia Power Market, Regulatory Scenario

5.1 Electricity Supply Act 1990

5.2 MoUs signed by Sustainable Energy Development Authority (SEDA)

5.3 Energy Conservation Act

5.4 Renewable Energy Targets

5.5 Renewable Energy Act 2011

5.6 Twelfth Malaysia Plan, 2021–2025

5.7 Feed-in Tariffs (FiTs)

5.8 Net-Energy Metering (NEM)

5.9 National Renewable Energy Policy and Action Plan

5.10 Hydrogen Energy in Malaysia

5.11 Sustainable Energy Development Authority (SEDA) Act 2011

5.12 Green Technology Financing Scheme (GTFS)

5.13 Green Financing Roadmap

5.14 Green Investment Tax Allowance (GITA) and Green Income Tax Exemption (GITE)

5.15 Competitive Bidding for Renewable Energy Projects – Auctions

5.16 Supply Agreement of Renewable Energy (SARE)

6. Malaysia Power Market, Capacity and Generation

6.1 Cumulative Capacity Share by Technology, 2021

6.2 Total Power Capacity and Generation, 2010–2035

6.3 Thermal Power Capacity and Generation, 2010–2035

6.4 Hydropower Capacity and Generation, 2010–2035

6.5 Renewable Power Capacity and Generation, 2010–2035

7. Malaysia Power Market, Transmission and Distribution Overview

7.1 Transmission Network

7.2 Distribution Network

7.3 Electricity Import and Export

7.4 Grid Interconnection

8. Malaysia Power Market, Major Generating Companies

8.1 Tenaga Nasional Berhad

Company Overview

Business Description

SWOT Overview

8.2 Malakoff Corporation Berhad

Company Overview

Business Description

SWOT Overview

8.3 Powertek Berhad

Company Overview

Business Description

8.4 Sarawak Energy Berhad

Company Overview

Business Description

SWOT Overview

9. Appendix

9.1 Abbreviations

9.2 Market Definitions

Power

Renewable Power

Installed Capacity

Electricity Generation

Electricity Consumption

9.3 Methodology

Coverage

Secondary Research

Primary Research

Modelling and Forecasting

| Contact Us

Table

List of Tables

Table 1: Power Market, Malaysia, Macroeconomic Factors, 2010–2030

Table 2: Renewable Energy Targets, Malaysia, 2015–2030

Table 3: Feed-in Tariff, 2022

Table 4: Feed-in Tariff Quota, 2021

Table 5: NEM 3.0 quota allocation 2021-2023

Table 6: Fourth LSS, Shortlisted bidders for Package P1 – Project Capacity from 10 MW to less than 30 MW

Table 7: Fourth LSS, Shortlisted bidders for Package P2 – Project Capacity from 30 MW to less than 50 MW

Table 8: Power Market, Malaysia, Cumulative Capacity and Annual Generation, 2010–2035

Table 9: Power Market, Malaysia, Cumulative Capacity and Annual Generation Share by Technology, 2010–2035

Table 10: Thermal Power Market, Malaysia, Cumulative Capacity and Annual Generation, 2010–2035

Table 11: Thermal Power Market, Malaysia, Major Plants, 2021

Table 12: Hydropower Market, Malaysia, Cumulative Capacity and Annual Generation, 2010–2035

Table 13: Hydropower Market, Malaysia, Major Plants, 2021

Table 14: Renewable Power Market, Malaysia, Cumulative Capacity (GW), 2010–2035

Table 15: Renewable Power Market, Malaysia, Annual Generation (TWh), 2010–2035

Table 16: Renewable Power Market, Malaysia, Major Plants, 2021

Table 17: Power Market, Malaysia, Transmission Line Length (Ckm) by Voltage Level, 2010–2025

Table 18: Power Market, Malaysia, Distribution Line Length (Ckm) by Voltage Level, 2010–2025

Table 19: Power Market, Malaysia, Annual Electricity Import and Export (TWh), 2000–2020

Table 20: Power Market, Malaysia, Upcoming Interconnection Projects

Table 21: Abbreviations

Figures

List of Figures

Figure 1: Annual Generation, Malaysia, Renewable Generation (TWh) and Share of Renewables (%), 2021–2035

Figure 2: Power Market, Malaysia, Cumulative Capacity and Annual Generation, 2010–2035

Figure 3: Power Market, Malaysia, Country Summary

Figure 4: Power Market, Malaysia, Macroeconomic Factors, 2010–2030

Figure 5: Power Market, Malaysia, Market Structure

Figure 6: Power Market, Malaysia, Market Share of Generation Companies (%), 2021

Figure 7: Power Market, Malaysia, Deal Value and Number of Deals, 2010–2021

Figure 8: Power Market, Malaysia, Deals by Type (%), 2021

Figure 9: Power Market, Malaysia, Annual Power Consumption, 2010–2035

Figure 10: Power Market, Malaysia, Power Consumption by Sector (%), 2021

Figure 11: Power Market, Malaysia, Cumulative Capacity Share by Technology (%), 2021

Figure 12: Power Market, Malaysia, Cumulative Capacity and Annual Generation, 2010–2035

Figure 13: Power Market, Malaysia, Capacity Share by Technology, 2010–2035

Figure 14: Power Market, Malaysia, Annual Generation Share by Technology, 2010–2035

Figure 15: Thermal Power Market, Malaysia, Cumulative Capacity and Annual Generation, 2010–2035

Figure 16: Hydropower Market, Malaysia, Cumulative Capacity and Annual Generation, 2010–2035

Figure 17: Renewable Power Market, Malaysia, Cumulative Capacity, 2010–2035

Figure 18: Renewable Power Market, Malaysia, Annual Generation, 2010–2035

Figure 19: Power Market, Malaysia, Annual Electricity Import and Export, 2000–2021

Frequently asked questions

Malaysia Power Market Size and Trends by Installed Capacity, Generation, Transmission, Distribution, and Technology, Regulations, Key Players and Forecast, 2022-2035 thematic reports
Currency USD
$2,500

Can be used by individual purchaser only

$7,500

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Malaysia Power Market Size and Trends by Installed Capacity, Generation, Transmission, Distribution, and Technology, Regulations, Key Players and Forecast, 2022-2035 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Malaysia Power Market Size and Trends by Installed Capacity, Generation, Transmission, Distribution, and Technology, Regulations, Key Players and Forecast, 2022-2035 in real time.

  • Access a live Malaysia Power Market Size and Trends by Installed Capacity, Generation, Transmission, Distribution, and Technology, Regulations, Key Players and Forecast, 2022-2035 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.