Please Wait.....
Report
Indonesia Power - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029
Market Report I 2024-02-17 I 95 Pages I Mordor Intelligence
The Indonesia Power Market size in terms of installed base is expected to grow from 86.83 gigawatt in 2024 to 108.79 gigawatt by 2029, at a CAGR of 4.61% during the forecast period (2024-2029).
Key Highlights
-Over the medium term, factors such as increasing renewable energy power plants and increasing work in the transmission and distribution sectors are likely to drive the market.
-On the other hand, high levels of rebellion from the people living near new conventional thermal power plants due to pollution are expected to slow down the Indonesian power market.
-Nevertheless, the Indonesian Government has set a target to achieve net-zero emissions by 2060, which will present significant opportunities to players involved in the power generation as well as transmission and distribution sectors in the market.
Indonesia Power Market Trends
Coal-based Power Generation to Dominate the Market
- Indonesia is a Southeast Asian country that relies heavily on coal-based power generation due to the significant presence of coal mines.
- According to the Energy Institute Statistical Review of World Energy 2023, as of 2022, coal-based electricity generation had a share of close to 61.5% of the Indonesian electricity generation mix.
- This reliance on coal-based power plants comes from the coal mining industry in Indonesia. According to Ministry of Energy and Mineral Resources (Indonesia), the country produced around 687.43 million metric tons of coal in 2022, an increase of around 12% in coal production as compared to 2021, i.e., 613.99 million metric tons.
- According to Global Energy Monitor, as of January 2023, Indonesia had coal-fired power plants with an installed capacity of 40.64 GW and 18.84 GW under construction.
- Although the Indonesian government plans to stop building new coal power plants in 2023, it will still allow the construction of already approved power plants. Coal-based power plants have an operational life of several decades and will eat up the potential space of renewable energy power plants.
- Due to the above-mentioned points, it is expected that coal-based power generation will dominate the market during the forecast period.
Upcoming Renewable Projects to Drive the Market
- The Indonesian government set a renewable energy target of 23% and 31% of total electricity generation by 2025 and 2050, respectively. Currently, around 13% of power generation nationwide comes from renewable energy resources, mainly hydroelectric and geothermal power production. As a result, the country is witnessing several upcoming projects. According to the International Renewable Energy Agency, as of 2022, Indonesia installed renewable energy capacity of 12.48 GW, and it is expected to increase further in the forecast period.
- As per the International Hydropower Association, hydropower potential in Indonesia is around 75 GW having untapped resources located at Java, Sumatra, and Sulawesi islands. Hydropower is touted to be the key enabler for the clean energy transition. In 2022, PLN started the construction of a 1,040 MW of hydropower plant worth USD 850 million in West Java to accelerate electricity generation by renewable energy in the country.?
- Further, the government has targeted the installation of 5 GW of geothermal capacity by 2025. As per the general plan for national energy (RUEN), about 7.24 GW of geothermal power is planned to get installed by 2025 and 9.3 GW by 2035, indicating utilization of the same on a wide scale.?
- Solar PV systems offer competitive electricity prices, with swift installation and short construction time of the plant's infrastructure. This makes them the most preferred viable alternative over other technologies, such as biomass. Considering the benefits offered by solar PV, the government of Indonesia drafted new regulations to promote the same to meet renewable energy targets.?
- In March 2022, Beiersdorf AG, the German skincare product maker of the Nivea brand, entered a long-term solar power deal with French multi-energy group TotalEnergies SE involving a rooftop project in Indonesia. TotalEnergies plans to install a 540-kWp solar PV array on a Beiersdorf manufacturing site to generate some 830 MWh of electricity per year.
- In March 2022, Sungrow Power Supply Co. Ltd. signed a 300 MW strategic partnership agreement with Indonesian solar rooftop specialist Utomo SolaRUV to expand its sales in the Indonesian market.
- Therefore, such projects in the pipeline are likely to drive the Indonesian power market during the forecast period.
Indonesia Power Industry Overview
The Indonesian power market is moderately consolidated. Some of the major players involved in the market (in no particular order) include PT Perusahaan Listrik Negara, CanadianSolar Inc., PT PP Persero Tbk, BCPG Public Company Limited, and Sindicatum Renewable Energy Company Pte Ltd., among others.
PT Perusahaan Listrik Negara aims to produce 23% of its electricity through renewable energy sources by 2025. Thus, to achieve this, the company has laid out plans for co-firing biomass in its coal power plants to generate electricity and consequently increase its share of clean energy.?
Due to the monopoly on the country's electric sector, the company has a strong market position enabling it to work with some of the biggest electricity power generation companies worldwide. This gives the company a strong competitive edge compared to other market players in the country.?
For instance, in November 2022, the company signed a memorandum of understanding (MoU) with Mitsubishi Heavy Industries to perform feasibility studies of co-firing 100% biomass in its coal power plants. Moreover, the MoU further includes developing efficient techniques for biomass energy generation. These collaborations with leading global players maintain the company's strong position in the market.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
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 Installed Power Capacity and Forecast in GW, till 2028
4.3 Electricity Generation and Forecasts in TWh, till 2028
4.4 Recent Trends and Developments
4.5 Government Policies and Regulations
4.6 Market Dynamics
4.6.1 Drivers
4.6.2 Restraints
4.7 Supply Chain Analysis
4.8 PESTLE Analysis
5 MARKET SEGMENTATION
5.1 Power Generation Source
5.1.1 Oil and Natural Gas
5.1.2 Coal
5.1.3 Hydroelectricity
5.1.4 Renewables
5.2 Power Transmission and Distribution
6 COMPETITVE LANDSCAPE
6.1 Merger and Acquisition, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by the Leading Players
6.3 Company Profiles
6.3.1 PT Perusahaan Listrik Negara
6.3.2 Fuji Electric Company
6.3.3 Harbin Power Engineering
6.3.4 PT Indika Energy Tbk
6.3.5 Mitsubishi Power Ltd
6.3.6 PT Pertamina Geothermal Energy
6.3.7 PT PP Persero Tbk
6.3.8 Canadian Solar Inc.
6.3.9 BCPG Public Company Limited
6.3.10 Sindicatum Renewable Energy Company Pte Ltd
7 MARKET OPPORUNITIES AND FUTURE TRENDS
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security