The best replacement for malmsteen is satriani.

The best alternatives to malmsteen are rated as following:
★★★★★  satriani
★★★★★  van halen
★★★★  buckethead
★★★★  batio
★★★★  petrucci
★★★  blackmore
★★★  vai
★★★  steve vai
★★★  gilbert
★★★  jason becker
★★  eddie van halen
★★  vinnie moore
★★  paul gilbert
★  michael angelo batio
★  john petrucci
★  michael angelo
★  rhoads
★  kirk hammett
  angelo
  randy rhoads
  joe satriani
  herman li
  hammett
  ritchie blackmore

Your alternative for malmsteen is not listed? Suggest!
Speaking about malmsteen, one probably shouldn't forget about steeler.

Other search terms related to malmsteen and their ratings are:
★★★★★ steeler
You have in mind a companion for malmsteen and it is not yet here? Propose!



Google Trends

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malmsteen
satriani
van halen