The global biomedical refrigerators and freezers market is slated to magnify at a strong CAGR of 4.2% over the period amid 2016 and 2024. The market, which was worth $2.91 billion in 2015, is predicted to upswing to $4.28 billion by 2024…
BMI View: The Malaysian power sector is set to grow 6.1% in 2016, following an estimated expansion of
5.3% in 2015. Growth in 2016 will be powered by the completion of major thermal projects.
Latest Updates And Structural Trends
? We believe Malaysia's nuclear agenda is overly ambitious given the high development costs, widespread
public opposition and the regional geopolitical implications of developing nuclear capacity. Nevertheless,
Malaysia will continue to push for domestic nuclear power, based on the country's desire to diversify the
power mix away from hydrocarbons and boost long-term energy security.
? Following the collapse of global oil prices in Q414, Tenaga Nasional Berhad (TNB) lowered its
electricity tariff to reflect lower input prices. The fall in oil prices has likely shelved the expected hikes in
electricity tariffs in Malaysia for the time being, although this could change in the event oil prices
rebound over the medium term.
? The country's energy sector is set to become more competitive, following the Electricity Commission's
decision to hold a new power generation tender exercise to replace Power Purchase Agreements (PPAs),
with first generation Independent Power Producers expiring in 2016-2017.