Indonesia Coal Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The market is segmented by Application (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.

Indonesia Coal Market Size

Indonesia Coal Market Summary
Study Period: 2019 - 2028
CAGR: > 6 %

Major Players

Indonesia Coal Market Major Players

*Disclaimer: Major Players sorted in no particular order


Need a report that reflects how COVID-19 has impacted this market and it's growth?

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.

Iron and Steel Industry
Other Applications

Report scope can be customized per your requirements. Click here.

Indonesia Coal Market Trends

This section covers the major market trends shaping the Indonesia Coal Market according to our research experts:

Electricity Industry to Dominate the Market

  • According to 2021 figures, Indonesia possesses 3.2% of the global coal reserves, with around 34,869 million tons of coal reserves. As of 2021, 66% of Indonesia's total coal reserves were Anthracite and Bituminous coal, with the remaining 34% sub-bituminous coal and lignite.
  • Power plants that utilize coal for electricity prefer to purchase fuel that is energy-efficient, inexpensive, and has less sulfur as part of a strategy to minimize greenhouse gas emissions. Indonesian coal output is tilted toward lower-energy, less-expensive sub-bituminous coal.
  • The Indonesian economy has been expanding in recent years. As a result of increased urbanization and the increased number of commercial and industrial buildings requiring greater access to energy, demand and electricity consumption have also increased.
  • In 2021, Indonesia generated 309.4 TWh of electricity. Out of that, 190 TWh was generated through coal, constituting 60% of the total electricity generation. Due to increased activities, the demand for increased electricity is expected to be met by coal in the short term.
  • Even though the Indonesian government plans to stop building new coal power plants from 2023, the already approved power plants will be built to aid in the growth of the coal market.
  • Thus, owing to the above points, the electricity industry is expected to dominate the coal market in Indonesia.
Indonesia Coal Market: Power Generation by coal, in Terra Watt Hours, Indonesia, 2016-2021

Increasing Adoption of Renewable Energy to Restrain the Market

  • The electricity demand in the country is increasing, leading to an increase in the installation of different electricity generation. The majority of power generation in the country is from fossil fuels. Due to increasing regulations on emissions control, the government of India has started its energy transition from conventional sources to renewable energy sources. Thus, it is estimated that most power generation installations will be derived from renewable energy sources in the coming years.
  • Between 2017 and 2021, the renewable energy installed capacity increased by almost 18%. The total renewable energy installed capacity was 11,157 MW in 2021 compared to 9459 MW in 2017. The growth rate is expected to increase furthermore during the forecasted period.
  • The Indonesian government set a renewable energy target of 23% and 31% of the 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.
  • Indonesia is rich in solar power, with a potential of around 207 GW, according to the Ministry of Energy and Mineral Resources (MEMR). The Indonesian government is prioritizing the development of renewable energy sources. Therefore, Indonesia is witnessing an increasing adoption of renewable energy sources to fulfill its electricity demand and lower its emissions.
  • Moreover, in September 2022, Indonesia announced plans to shut down 15 GW of coal-powered plants in the next three decades to reduce their carbon emission. It is expected that this will not only reduce carbon emissions but also increase the renewable energy installations in the country.
  • For instance, in November 2022, Saudi energy firm ACWA Power announced that they had secured a contract from the Indonesian state-owned utility PT Perusahaan Listrik Negara (PLN) to build two floating solar photovoltaic (PV) power projects. The contract covers the 60MWac Saguling project and Singkarak, a floating solar project with 50MWac capacity. The two projects will have a combined capacity of 110MWac and be built with a total investment of USD 105 million.
  • Similarly, many more renewable energy-based power plants are in various stages of development, which will shave off the share of predominant coal-based electricity generation and, therefore, restrain the growth of the coal market in the country.
Indonesia Coal Market: Installed Renewable Energy Capacity, in MW, Indonesia, 2015-2021

Indonesia Coal Industry Overview

The Indonesian coal market is fragmented. Some of the major players in the market (in no particular) include PT Adaro Energy Tbk, PT Bumi Resources Tbk, PT Indo Tambangraya Megah Tbk, PT Bukit Asam Tbk, and PT Bayan Resources Tbk.

Indonesia Coal Market Leaders

  1. PT Adaro Energy Tbk

  2. PT Bumi Resources Tbk

  3. PT Bayan Resources Tbk

  4. PT Indo Tambangraya Megah Tbk

  5. PT Bukit Asam Tbk

*Disclaimer: Major Players sorted in no particular order

Indonesia Coal Market Concentration

Indonesia Coal Market News

  • In November 2022, the Indonesian government announced that they would allow the construction of new coal plants, with a combined capacity of 13 gigawatts, that have already been tendered out. The plan is laid out in the country’s 10-year energy plan for 2021-2030.
  • In November 2022, the Asian Development Bank and a private power firm announced that they were teaming up to refinance and prematurely retire a coal-fired power plant. The 660-megawatt Cirebon 1 power plant in West Java would be refinanced in a USD 250 million to USD 300 million deal on the condition that it be taken out of service 10 to 15 years before its end 40- to 50-year useful life under a memorandum of understanding.

Indonesia Coal Market Report - Table of Contents


    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions




    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD billion, till 2028

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

      2. 4.5.2 Restraints

    6. 4.6 Supply Chain Analysis

    7. 4.7 PESTLE Analysis


    1. 5.1 Application

      1. 5.1.1 Electricity

      2. 5.1.2 Iron and Steel Industry

      3. 5.1.3 Other Applications


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 PT Adaro Energy Tbk

      2. 6.3.2 PT Bumi Resources Tbk

      3. 6.3.3 PT Indo Tambangraya Megah Tbk

      4. 6.3.4 PT Bukit Asam Tbk

      5. 6.3.5 PT Bayan Resources Tbk

      6. 6.3.6 BlackGold Group

      7. 6.3.7 Golden Energy and Resources Limited

      8. 6.3.8 PT Bhakti Energi Persada

      9. 6.3.9 Adani Group

    4. *List Not Exhaustive

**Subject to Availability
You can also purchase parts of this report. Do you want to check out a section wise price list?

Indonesia Coal Market Research FAQs

The Indonesia Coal Market is studied from 2019 - 2028.

The Indonesia Coal Market is growing at a CAGR of >6% over the next 5 years.

PT Adaro Energy Tbk , PT Bumi Resources Tbk, PT Bayan Resources Tbk , PT Indo Tambangraya Megah Tbk, PT Bukit Asam Tbk are the major companies operating in Indonesia Coal Market.

Indonesia Coal Industry Report

Statistics for the 2023 Indonesia Coal market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Indonesia Coal analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!