Malaysia Diesel Generator Set Market To Generate Revenue Worth $97.9 Million by 2030

The Malaysian diesel generator set market will advance at a CAGR of 1.9% during 2021–2030, to reach $97.9 million by 2030. This can be ascribed to the growing industrial sector in the country. As of 2021, Malaysia's economy stood at the 39th position in the world and the fourth largest in Southeast Asia. Although state-oriented, it is an industrialized economy that is generally open. Over the past few years, the Malaysian economy has been expanding gradually, due to the growing several sectors of the country.

Sales of Above 750 kVA DG Sets Hold Largest Share in Market

In 2021, the above 750 kVA category held the largest revenue share in the Malaysian diesel generator set market. This is mostly due to the industrial sector's high electricity requirements. Malaysia majorly manufactures palm oil and rubber, exports significant amounts of natural gas and petroleum, and it is one of the world’s major sources of commercial hardwoods. Furthermore, the country's focus is on the creation of more value in trade, which has been a significant stimulus for startups to expand their production facilities, thus contributing to the high need for diesel generator sets in the country.

Offices Held the Largest Market Share

The offices category dominated the market in 2021, and it is expected to maintain its supremacy during the forecast period as well, under commercial applications. Most of the diesel generator sets are being sold to offices. Since the reopening of the corporate sector in the second quarter of 2020, many businesses have started to discover and plan for their long-term office occupation strategies, such as space utilization and workplace strategy. Also, many multinational companies are establishing their offices in the country because of the favorable environments offered by the government. Hence, the demand for diesel generator sets, for meeting backup power needs, is rising.

Product Launches Are Most-Effective Strategic Measures for Market Players

Key players in the Malaysian diesel generator set market have been involved in product launches to remain competitive. For instance:

• In August 2020, Denyo Co. Ltd. announced the launch of two diesel generators, DCA-45LSYE (Eco-Base generator) and DCA-45LSYB (Eco-Base generator with a high-capacity fuel tank), both with three-phase 45 kVA output. These generators have operations, like the data recording function, which enhance effective power, apparent power, output voltage, current, power factor, frequency, and fuel efficiency.

Major players in the market include Cummins Inc., Yanmar Holdings Co. Ltd., WCM Group, Atlas Copco Ltd., Airman Hokuetsu Industries Co. Ltd., Atlas Copco Ltd., Kubota Corporation., and Namsang Engineering Co. Ltd.