Indonesia Geothermal Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Geothermal Energy Companies in Indonesia and the industry analysis provides insight into the installed capacity, government policies and regulations, competitive landscape, market dynamics, and opportunities. The report offers the market size and forecasts for installed capacity (megawatts).

Indonesia Geothermal Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Indonesia Geothermal Energy Market Size

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Indonesia Geothermal Energy Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 5.50 %
Market Concentration Medium

Major Players

Indonesia Geothermal Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Indonesia Geothermal Energy Market with other markets in Energy & Power Industry

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Indonesia Geothermal Energy Market Analysis

The Indonesia Geothermal Energy Market is expected to register a CAGR of greater than 5.5% during the forecast period.

COVID-19 had a detrimental effect on the market. Presently, the market has reached pre-pandemic levels.

  • Over the long term, the primary driver for the market will be the government's efforts to reduce the country's dependency on fossil fuels and thereby reduce CO2 emissions. Increasing electricity demand is likely to drive the market during the forecast period.
  • On the other hand, geothermal energy is more expensive than power from fossil fuels, and there is more competition from other renewable energy sources, like solar and wind, which is expected to slow market growth during the forecast period.

Nevertheless, with an estimated population of 296 million and an increased urbanization rate of 71% by 2030, electricity demand is expected to grow. The Indonesian government wants to cut CO2 emissions by 29% by 2030. This is most likely to be done by increasing the use of renewable energy to meet the growing electricity demand. This is likely to give the geothermal market a chance to grow in the near future.

Indonesia Geothermal Energy Industry Overview

The Indonesia geothermal energy market is moderately consolidated. Some of the key players in the market ( not in particular order ) include Enal SpA, Toshiba Energy Systems & Solutions Corporation, BCPG Public Company Limited, PT Supreme Energy, and Sarulla Operations Ltd.

Indonesia Geothermal Energy Market Leaders

  1. Enel SpA

  2. Toshiba Energy Systems & Solutions Corporation

  3. BCPG Public Company Limited

  4. PT Supreme Energy

  5. Sarulla Operations Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Indonesia Geothermal Energy Market Concentration
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Indonesia Geothermal Energy Market News

  • December 2022: In Indonesia, Mitsubishi Power is building its geothermal infrastructure. The business has obtained an order to make a 55-MW unit at the Lumut Balai Unit 2 geothermal power station from PT Pertamina Geothermal Energy (PGE), a subsidiary of the state-owned oil and gas group PT Pertamina.
  • January 2022: A geothermal power facility in Indonesia that costs more than USD 700 million has begun commercial operations. PT Supreme Energy Rantau Dedap (SERD), a joint venture comprising PT Supreme Energy, Engie SA, Marubeni Corporation, and Tohoku Electric Power Co Inc, constructed the Phase-1 Rantau Dedap Geothermal Power Generation project with a capacity of 91.2 MW.

Indonesia Geothermal Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Installed Capacity and Forecast in MW, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis

5. COMPETITIVE LANDSCAPE

  • 5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 5.2 Strategies Adopted by Leading Players
  • 5.3 Company Profiles
    • 5.3.1 Enal SpA
    • 5.3.2 Toshiba Energy Systems & Solutions Corporation
    • 5.3.3 BCPG Public Company Limited
    • 5.3.4 PT Supreme Energy
    • 5.3.5 Sarulla Operations Ltd.
  • *List Not Exhaustive

6. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Indonesia Geothermal Energy Industry Segmentation

Renewable energy derived from the Earth's core is known as geothermal energy. It originates from heat produced during the planet's initial creation and the radioactive decay of elements. In the Earth's core, rocks and liquids contain this thermal energy. Geothermal energy is a safe, sustainable resource that may be used to generate both heat and electricity.

The market sizing and forecasts have been done based on installed capacity (megawatts).

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Indonesia Geothermal Energy Market Research FAQs

What is the current Indonesia Geothermal Energy Market size?

The Indonesia Geothermal Energy Market is projected to register a CAGR of greater than 5.5% during the forecast period (2025-2030)

Who are the key players in Indonesia Geothermal Energy Market?

Enel SpA, Toshiba Energy Systems & Solutions Corporation, BCPG Public Company Limited, PT Supreme Energy and Sarulla Operations Ltd. are the major companies operating in the Indonesia Geothermal Energy Market.

What years does this Indonesia Geothermal Energy Market cover?

The report covers the Indonesia Geothermal Energy Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Indonesia Geothermal Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Indonesia Geothermal Energy Industry Report

Statistics for the 2025 Indonesia Geothermal Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Indonesia Geothermal Energy analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.