Malaysia Power Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Malaysia Power Market is Segmented by Power Generation Source (Oil, Natural Gas, Coal, Renewables, and Other Power Generation Sources), Transmission and Distribution, and End User (Residential, Commercial, Industrial, Transport, and Agriculture).

Malaysia Power Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Malaysia Power Market Size

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Malaysia Power Market- Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 4.20 %
Market Concentration Medium

Major Players

Malaysia Power Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Malaysia Power Market with other markets in Energy & Power Industry

Oil and Gas

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Emerging Energy Technologies

Energy Storage Technology

Malaysia Power Market Analysis

The Malaysia Power Market is expected to register a CAGR of greater than 4.2% during the forecast period.

  • The natural gas segment is expected to witness significant growth in the future due to its high availability in the country.
  • The high-paced growth of the manufacturing industry in the country is likely to be the most lucrative opportunity for power demand growth. Malaysia has over 2,500 manufacturing companies with huge manufacturing bases. The industrial sector held the highest share of power consumption in 2020, largely contributed by manufacturing and production businesses.
  • The growth in sustainable ways of power generation like renewable-based electricity production is expected to boost the market in the coming years.

Malaysia Power Industry Overview

The Malaysian power market is moderately fragmented. Some of the key players in the market include Tenaga Nasional Berhad, Korea Electric Power Corporation, Sunway Construction Group Bhd, LYS Energy Group, and Cutech Green Ventures.

Malaysia Power Market Leaders

  1. Tenaga Nasional Berhad

  2. Korea Electric Power Corporation

  3. Sunway Construction Group Bhd

  4. LYS Energy Group

  5. Cutech Green Ventures

  6. *Disclaimer: Major Players sorted in no particular order
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Malaysia Power Market News

  • In August 2021, Malaysian power utility Tenaga Nasional Bhd (TNB) entered a 21-year PPA (Power Purchase Agreement) with 10 solar power plants to be commissioned in four Malaysian states by 2023. Each solar project has a capacity of 50 MWac.
  • In March 2021, the Energy Commission of Malaysia, Suruhanjaya Tenaga, completed the bidding process for 823 MW of large-scale solar photovoltaic (LSSPV) projects. The projects will be in operation from 2022 to 2023, and their construction will be carried out in two phases, 323 MW and 500 MW. Around 31 companies have been selected for the projects.

Malaysia Power Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Power Generation Source
    • 5.1.1 Oil
    • 5.1.2 Natural Gas
    • 5.1.3 Coal
    • 5.1.4 Renewables
    • 5.1.5 Other Power Generation Sources
  • 5.2 Transmission and Distribution
  • 5.3 End User
    • 5.3.1 Residential
    • 5.3.2 Commercial
    • 5.3.3 Industrial
    • 5.3.4 Transport
    • 5.3.5 Agriculture

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Tenaga Nasional Berhad
    • 6.3.2 Korea Electric Power Corporation
    • 6.3.3 Sunway Construction Group Bhd
    • 6.3.4 LYS Energy Group
    • 6.3.5 Cutech Green Ventures
    • 6.3.6 Solarvest Holdings Bhd
    • 6.3.7 Sarawak Electricity Supply Corporation
    • 6.3.8 ERS Energy Sdn Bhd
    • 6.3.9 Verdant Solar Inc.
    • 6.3.10 Pathgreen Energy Sdn Bhd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Malaysia Power Industry Segmentation

The scope of the Malaysian power market report includes:

Power Generation Source Oil
Natural Gas
Coal
Renewables
Other Power Generation Sources
End User Residential
Commercial
Industrial
Transport
Agriculture
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Malaysia Power Market Research FAQs

What is the current Malaysia Power Market size?

The Malaysia Power Market is projected to register a CAGR of greater than 4.2% during the forecast period (2025-2030)

Who are the key players in Malaysia Power Market?

Tenaga Nasional Berhad, Korea Electric Power Corporation, Sunway Construction Group Bhd, LYS Energy Group and Cutech Green Ventures are the major companies operating in the Malaysia Power Market.

What years does this Malaysia Power Market cover?

The report covers the Malaysia Power Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Malaysia Power Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Malaysia Power Industry Report

Statistics for the 2025 Malaysia Power market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Malaysia Power analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.