Market Size of Indonesia Coal Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 6.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Indonesia Coal Market Analysis
The Indonesian coal market is expected to witness a CAGR of more than 6% during the forecast period.
Over the long term, factors like increasing electricity demand and supportive government policies are expected to drive the market.
On the other hand, increasing environmental concern over the use of coal is a significant restraint hindering the market's growth.
Nevertheless, the increasing ways to mine coal and extract value from coal using technologies like carbon capture and storage technologies are expected to create enormous opportunities for the Indonesia Coal Market.
Indonesia Coal Industry Segmentation
Coal is a sedimentary deposit primarily constituted of carbon and readily combustible. Coal is black or brownish-black in color and contains more than 50% carbonaceous material by weight and more than 70% by volume (including inherent moisture). It comprises plant remains compacted, hardened, chemically changed, and metamorphosed by heat and pressure throughout geologic time. Coal can be found throughout the globe. However, it is most common in areas where prehistoric forests and marshes formerly flourished before being buried and compressed over millions of years.
The market is segmented by Electricity, Iron and Steel Industry, and Other Applications. The report offers the market size and forecasts for Indonesia Coal Market in revenue (USD Billions) for all the above segments.
| Application | |
| Electricity | |
| Iron and Steel Industry | |
| Other Applications |
Indonesia Coal Market Size Summary
The Indonesian coal market is poised for significant growth, driven by increasing electricity demand and supportive government policies. Despite environmental concerns posing challenges, advancements in mining techniques and technologies like carbon capture and storage are expected to offer substantial opportunities. Indonesia holds a notable share of global coal reserves, with a significant portion being anthracite and bituminous coal, which are preferred for their energy efficiency and lower sulfur content. The country's coal output is primarily sub-bituminous, aligning with the demand from power plants seeking cost-effective and energy-efficient fuel sources. The expanding Indonesian economy, coupled with urbanization and the rise in commercial and industrial infrastructure, has led to a surge in electricity consumption, with coal playing a dominant role in meeting this demand.
However, the Indonesian government is actively promoting a transition towards renewable energy, aiming to increase its share in the energy mix significantly by 2025 and 2050. This shift is driven by the country's rich solar potential and the need to reduce carbon emissions. The government has set ambitious renewable energy targets, and initiatives like the development of floating solar projects underscore this commitment. While coal remains a crucial part of the energy landscape, the planned shutdown of coal-powered plants and the focus on renewable energy installations are expected to gradually reshape the market dynamics. The Indonesian coal market is characterized by fragmentation, with major players like PT Adaro Energy Tbk and PT Bumi Resources Tbk leading the sector. Despite the allowance for new coal plants, the overall trend indicates a gradual transition towards a more diversified energy portfolio.
Indonesia Coal Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2028
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Application
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2.1.1 Electricity
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2.1.2 Iron and Steel Industry
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2.1.3 Other Applications
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Indonesia Coal Market Size FAQs
What is the current Indonesia Coal Market size?
The Indonesia Coal Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Indonesia Coal Market?
PT Adaro Energy Tbk , PT Bumi Resources Tbk, PT Bayan Resources Tbk , PT Indo Tambangraya Megah Tbk and PT Bukit Asam Tbk are the major companies operating in the Indonesia Coal Market.
