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Report
Indonesia High Voltage Cable Market Forecast 2024-2032
Market Report I 2024-07-16 I 152 Pages I Inkwood Research
KEY FINDINGS
The Indonesia high voltage cable market is estimated to develop with a 6.80% CAGR by 2032 and is estimated to reach a revenue of $1692.76 million over the forecasting period 2024 and 2032.
MARKET INSIGHTS
Indonesia's market for HVC cables is experiencing steady demand, fueled by abundant resources conducive to solar, wind, and bioenergy development across the archipelago. With an approximate solar energy capacity of 291 megawatts as of 2022, this aspect facilitates the expansion of solar photovoltaic and solar thermal power generation in Indonesia but also supports applications in heating, cooling, and transportation. Moreover, the country's energy demand is expected to surge by 80%, with electricity needs tripling between 2015 to 2030.
As Indonesia reduces its reliance on imported petroleum products and domestic coal, it is increasingly turning to renewable energy solutions. Government targets also aim for 23% and 31% renewable energy utilization by 2025 and 2050, respectively. In addition, the Indonesian government is actively pursuing initiatives to curb carbon dioxide emissions, aligned with its National Energy Policy. Aiming for 17% of the national energy mix to be acquired from new and renewable sources by 2025, this mix includes biofuel, geothermal, biomass, nuclear, hydro, wind, and liquefied coal.
Currently, Indonesia's solar energy capacity is on a robust upward trajectory, surpassing 322.6 MW by the first half of 2023. This represents a remarkable 800% increase over the past decade, and the growth aligns with Indonesia's ambitious solar energy strategy, aiming to achieve 5 GW of installed capacity by 2030. Furthermore, by 2025, Indonesia targets to achieve a solar power installed capacity of 6.5 GW, with plans to escalate this to 17.6 GW by 2035. Collectively, these factors are anticipated to play a pivotal role in expanding the demand for high voltage cables in Indonesia, subsequently boosting the region's market growth during the forecast years.
SEGMENTATION ANALYSIS
The Indonesia high voltage cable market segmentation includes end-user and installation. The installation segment includes industrial, renewable energy, and infrastructure. Power utilities, under the industrial segment, generate electricity on a large scale, which is subsequently supplied to substations for distribution to households and industries. High voltage cables (HVCs) are essential in power utilities, carrying electrical energy from generating stations to substations. Among the three types of high voltage cables, underground and overhead cables are particularly preferred, as they provide energy to industrial and residential areas in various cities.
During the transmission of electrical energy, a significant portion is lost to the environment. To minimize these losses, transmission voltage is maintained at a high level. Both underground and overhead cables are currently in use, but the trend toward underground cables is expected to grow over the upcoming years since they save land, reduce traffic chaos, and offer a safer option for humans. As the global population increases, the demand for electrical energy is expected to grow, leading to the emergence of new players in the electrical utility market. These factors are expected to drive the demand for high voltage cables, particularly under the power utilities category, in the coming years.
COMPETITIVE INSIGHTS
Some of the top firms operating in the Indonesia high voltage cable market include Siemens AG, Sumitomo Electric Industries Ltd, etc.
Siemens AG, headquartered in Germany, is a technology company focused on automation, electrification, and digitization. It provides a wide range of products, solutions, and services across various sectors, including medical imaging and laboratory diagnostics, power generation, oil and gas production and transportation, transmission and distribution, industrial technologies and automation systems, infrastructure and building technologies, as well as mobility and logistics solutions.
The company serves a diverse customer base, including public utility companies, oil and gas firms, independent power producers, transportation providers, hospitals, diagnostics centers, infrastructure developers, and network operators. It operates globally with a presence in the Middle East, Europe, Africa, the Commonwealth of Independent States, the Americas, and Asia-Pacific.
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. COUNTRY SNAPSHOT
2.3. COUNTRY ANALYSIS
2.4. SCOPE OF STUDY
2.5. CRISIS SCENARIO ANALYSIS
2.5.1. IMPACT OF COVID-19 ON THE INDONESIA HIGH VOLTAGE CABLE MARKET
2.6. MAJOR MARKET FINDINGS
2.6.1. UNDERGROUND CABLES LEAD THE HIGH VOLTAGE CABLE MARKET, EMPHASIZING RELIABILITY AND SUSTAINABLE ENERGY SOLUTIONS
2.6.2. INFRASTRUCTURE SECTOR EMERGES AS THE FASTEST-GROWING END-USER SEGMENT
3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. EXPANSION OF INFRASTRUCTURE PROJECTS
3.1.2. ESCALATING INVESTMENTS IN SMART GRID TECHNOLOGY
3.1.3. INCREASING INTEGRATION OF RENEWABLE ENERGY SOURCES IN POWER GENERATION
3.2. KEY RESTRAINTS
3.2.1. SUBSTANTIAL UPFRONT INVESTMENT
3.2.2. VOLATILITY IN RAW MATERIAL PRICES
4. KEY ANALYTICS
4.1. PARENT MARKET ANALYSIS
4.2. KEY MARKET TRENDS
4.2.1. RISING INVESTMENT IN OFFSHORE WIND PROJECTS AND ITS INFLUENCE ON HIGH VOLTAGE CABLE DEMAND
4.2.2. ADOPTION OF UNDERGROUND AND SUBMARINE CABLES
4.2.3. ADVANCEMENTS IN CABLE MATERIALS AND THEIR ROLE IN ENHANCING HIGH VOLTAGE CABLE EFFICIENCY
4.3. PORTER'S FIVE FORCES ANALYSIS
4.3.1. BUYERS POWER
4.3.2. SUPPLIERS POWER
4.3.3. SUBSTITUTION
4.3.4. NEW ENTRANTS
4.3.5. INDUSTRY RIVALRY
4.4. GROWTH PROSPECT MAPPING
4.4.1. GROWTH PROSPECT MAPPING FOR INDONESIA
4.5. MARKET MATURITY ANALYSIS
4.6. MARKET CONCENTRATION ANALYSIS
4.7. VALUE CHAIN ANALYSIS
4.7.1. RAW MATERIALS
4.7.2. HIGH VOLTAGE CABLE MANUFACTURES
4.7.3. DISTRIBUTORS
4.7.4. END-USERS
4.8. KEY BUYING CRITERIA
4.8.1. COST
4.8.2. PRODUCT FEATURES
4.8.3. EFFICIENCY
5. MARKET BY INSTALLATION
5.1. OVERHEAD
5.1.1. MARKET FORECAST FIGURE
5.1.2. SEGMENT ANALYSIS
5.2. UNDERGROUND
5.2.1. MARKET FORECAST FIGURE
5.2.2. SEGMENT ANALYSIS
5.3. SUBMARINE
5.3.1. MARKET FORECAST FIGURE
5.3.2. SEGMENT ANALYSIS
6. MARKET BY END-USER
6.1. INDUSTRIAL
6.1.1. POWER UTILITIES
6.1.1.1. MARKET FORECAST FIGURE
6.1.1.2. SEGMENT ANALYSIS
6.1.2. OIL & GAS
6.1.2.1. MARKET FORECAST FIGURE
6.1.2.2. SEGMENT ANALYSIS
6.1.3. MINING
6.1.3.1. MARKET FORECAST FIGURE
6.1.3.2. SEGMENT ANALYSIS
6.1.4. CHEMICAL & PETROCHEMICAL
6.1.4.1. MARKET FORECAST FIGURE
6.1.4.2. SEGMENT ANALYSIS
6.1.5. OTHER INDUSTRIAL END-USERS
6.1.5.1. MARKET FORECAST FIGURE
6.1.5.2. SEGMENT ANALYSIS
6.2. RENEWABLE ENERGY
6.2.1. MARKET FORECAST FIGURE
6.2.2. SEGMENT ANALYSIS
6.3. INFRASTRUCTURE
6.3.1. COMMERCIAL
6.3.1.1. MARKET FORECAST FIGURE
6.3.1.2. SEGMENT ANALYSIS
6.3.2. RESIDENTIAL
6.3.2.1. MARKET FORECAST FIGURE
6.3.2.2. SEGMENT ANALYSIS
7. COMPETITIVE LANDSCAPE
7.1. KEY MARKET STRATEGIES
7.1.1. PRODUCT LAUNCHES & DEVELOPMENTS
7.1.2. PARTNERSHIPS & AGREEMENTS
7.2. COMPANY PROFILES
7.2.1. FURUKAWA ELECTRIC CO LTD
7.2.1.1. COMPANY OVERVIEW
7.2.1.2. PRODUCT PORTFOLIO
7.2.1.3. STRENGTHS & CHALLENGES
7.2.2. NEXANS
7.2.2.1. COMPANY OVERVIEW
7.2.2.2. PRODUCT PORTFOLIO
7.2.2.3. STRENGTHS & CHALLENGES
7.2.3. PRYSMIAN GROUP
7.2.3.1. COMPANY OVERVIEW
7.2.3.2. PRODUCT PORTFOLIO
7.2.3.3. STRENGTHS & CHALLENGES
7.2.4. SIEMENS AG
7.2.4.1. COMPANY OVERVIEW
7.2.4.2. PRODUCT PORTFOLIO
7.2.4.3. STRENGTHS & CHALLENGES
7.2.5. SUMITOMO ELECTRIC INDUSTRIES LTD
7.2.5.1. COMPANY OVERVIEW
7.2.5.2. PRODUCT PORTFOLIO
7.2.5.3. STRENGTHS & CHALLENGES
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT - HIGH VOLTAGE CABLE
TABLE 2: INDONESIA HIGH VOLTAGE CABLE MARKET, BY INSTALLATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 3: INDONESIA HIGH VOLTAGE CABLE MARKET, BY INSTALLATION, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 4: INDONESIA HIGH VOLTAGE CABLE MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 5: INDONESIA HIGH VOLTAGE CABLE MARKET, BY END-USER, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 6: INDONESIA HIGH VOLTAGE CABLE MARKET, BY INDUSTRIAL, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 7: INDONESIA HIGH VOLTAGE CABLE MARKET, BY INDUSTRIAL, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 8: INDONESIA HIGH VOLTAGE CABLE MARKET, BY INFRASTRUCTURE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 9: INDONESIA HIGH VOLTAGE CABLE MARKET, BY INFRASTRUCTURE, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 10: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 11: LIST OF PARTNERSHIPS & AGREEMENTS
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING FOR INDONESIA
FIGURE 4: MARKET MATURITY ANALYSIS
FIGURE 5: MARKET CONCENTRATION ANALYSIS
FIGURE 6: VALUE CHAIN ANALYSIS
FIGURE 7: KEY BUYING CRITERIA
FIGURE 8: INDONESIA HIGH VOLTAGE CABLE MARKET, GROWTH POTENTIAL BY INSTALLATION, IN 2023
FIGURE 9: INDONESIA HIGH VOLTAGE CABLE MARKET, BY OVERHEAD, 2024-2032 (IN $ MILLION)
FIGURE 10: INDONESIA HIGH VOLTAGE CABLE MARKET, BY UNDERGROUND, 2024-2032 (IN $ MILLION)
FIGURE 11: INDONESIA HIGH VOLTAGE CABLE MARKET, BY SUBMARINE, 2024-2032 (IN $ MILLION)
FIGURE 12: INDONESIA HIGH VOLTAGE CABLE MARKET, GROWTH POTENTIAL BY END-USER, IN 2023
FIGURE 13: INDONESIA HIGH VOLTAGE CABLE MARKET, BY INDUSTRIAL, 2024-2032 (IN $ MILLION)
FIGURE 14: INDONESIA HIGH VOLTAGE CABLE MARKET, GROWTH POTENTIAL, BY INDUSTRIAL, IN 2023
FIGURE 15: INDONESIA HIGH VOLTAGE CABLE MARKET, BY POWER UTILITIES, 2024-2032 (IN $ MILLION)
FIGURE 16: INDONESIA HIGH VOLTAGE CABLE MARKET, BY OIL & GAS, 2024-2032 (IN $ MILLION)
FIGURE 17: INDONESIA HIGH VOLTAGE CABLE MARKET, BY MINING, 2024-2032 (IN $ MILLION)
FIGURE 18: INDONESIA HIGH VOLTAGE CABLE MARKET, BY CHEMICAL & PETROCHEMICAL, 2024-2032 (IN $ MILLION)
FIGURE 19: INDONESIA HIGH VOLTAGE CABLE MARKET, BY OTHER INDUSTRIAL END-USERS, 2024-2032 (IN $ MILLION)
FIGURE 20: INDONESIA HIGH VOLTAGE CABLE MARKET, BY RENEWABLE ENERGY, 2024-2032 (IN $ MILLION)
FIGURE 21: INDONESIA HIGH VOLTAGE CABLE MARKET, BY INFRASTRUCTURE, 2024-2032 (IN $ MILLION)
FIGURE 22: INDONESIA HIGH VOLTAGE CABLE MARKET, GROWTH POTENTIAL, BY INFRASTRUCTURE, IN 2023
FIGURE 23: INDONESIA HIGH VOLTAGE CABLE MARKET, BY COMMERCIAL, 2024-2032 (IN $ MILLION)
FIGURE 24: INDONESIA HIGH VOLTAGE CABLE MARKET, BY RESIDENTIAL, 2024-2032 (IN $ MILLION)
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