Improved fuel effectiveness and low operating prices are some of key advantages of diesel generators. Therefore, these are more popular in emerging economies, mostly in APAC. Further, the Malaysian diesel generator set market will reach USD 97.9 million by 2030, according to P&S Intelligence.
The growth of this industry is credited to the government is focusing on the development of infrastructural to manage users with under the 40% income bracket in 2029, with a scheme to construct 1 million structures of housing.
Moreover, as part of the 2021 Budget, the government announced more plans to assist the construction industry, such as partnerships with financial bodies.
The nation allocated funding to the People's Housing Program, the Rumah Mesra Rakyat AND Perumahan Penjawat Awam dwelling initiatives, to create housing units for low-income homeowners. The demand for diesel generator sets will rise in the near future due to the rising number of residential homes and commercial buildings.