Market Size of Indonesia Power Generation EPC Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 2.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Indonesia Power Generation EPC Market Analysis
The Indonesia power generation EPC market is expected to grow at a CAGR of over 2.5% during the forecast period of 2020-2025. Factor such as increasing power generation capacity due to increasing population is likely to drive the Indonesia power generation EPC market. However, high rebellion from the people living near existing power plants due to the pollution is expected to slow down the Indonesia power generation EPC market.
- The conventional thermal power segment has dominated the market in 2018 and is likely to dominate the market over the forecast period. More than 56% of the electricity generated in the country is from coal.
- The Indonesian government has planned to produce 31% of its energy demand from renewable by 2050. This is likely to create several opportunities for the Indonesia power generation EPC market in the future.
- The increasing power demand due to sharp increase in industrialization in the country is expected to drive the Indonesia power EPC generation market during the forecast period.
