Indonesia Power Market Size (2024 - 2029)

Indonesia Power Market Analysis

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).

• 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 Industry Segmentation

Power generation is the generation of electricity through various primary sources such as coal, hydro, solar, thermal, etc. In utilities, it's a step prior to its delivery to end users. The process is followed by transmission and distribution. Under this, the power generated is distributed via high-voltage lines (transmission lines) and low-voltage lines (distribution lines) as per the requirements of the end user.

Indonesia's power market is segmented by power generation source, power transmission and distribution. By power generation source, the market is segmented into oil and natural gas, coal, and renewables. For each segment, market sizing and forecasts have been done based on installed capacity in gigawatts (GW).