Market Size of Indonesia Power Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 86.83 gigawatt |
| Market Volume (2029) | 108.79 gigawatt |
| CAGR (2024 - 2029) | 4.61 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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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.
