Indonesia Circuit Breaker Market Outlook (2023-2029) | Revenue, COVID-19 IMPACT, Share, Growth, Analysis, Forecast, Size, Trends, Companies, Value & Industry

Market Forecast By Insulation Type (Vacuum Circuit Breaker, Air Circuit Breaker, Gas Circuit Breaker, Oil Circuit Breaker), By Voltage (Medium Voltage, High Voltage), By Installation (Indoor, Outdoor), By End User (T&D Utilities, Power Generation, Renewables, Railways) And Competitive Landscape

Product Code: ETC431424	Publication Date: Jun 2023	Updated Date: May 2024	Product Type: Market Research Report
Publisher: 6Wresearch	No. of Pages: 75	No. of Figures: 35	No. of Tables: 20

Indonesia Circuit Breaker Market Competition 2023

Indonesia Circuit Breaker market currently, in 2023, has witnessed an HHI of 3651, Which has increased moderately as compared to the HHI of 1931 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

Indonesia Export Potential Assessment For Circuit Breaker Market (Values in USD Thousand)

The Indonesia Circuit Breaker Market is estimated to reach USD 1.45 billion by 2025, registering a CAGR of 5.2% during the forecast period (2020-2025). Growing investments in electricity infrastructure and increasing demand for power are driving the growth of this market in Indonesia. Moreover, rising government initiatives to promote energy efficiency such as introducing new regulations on energy saving devices is expected to fuel the market`s growth over the forecast period significantly. Furthermore, technological advancements such as remote monitoring systems are also accelerating product adoption among end users due to their low installation cost and ease of use. However, fluctuating raw material prices may hamper industry expansion in certain regions of Indonesia during 2020 - 2025 period.