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

Indonesia Protective Relay Market | Country-Wise Share and Competition Analysis

In the year 2021, China was the largest exporter in terms of value, followed by Germany. It has registered a growth of 10.41% over the previous year. While Germany registered a decline of -29.7% as compared to the previous year. In the year 2017, Japan was the largest exporter followed by China. In terms of Herfindahl Index, which measures the competitiveness of countries exporting, Indonesia has a Herfindahl index of 1267 in 2017 which signifies high competitiveness also in 2021 it registered a Herfindahl index of  1126 which signifies high competitiveness in the market.

Indonesia Protective Relay Market - Export Market OpportunitiesTopics Covered in Indonesia Protective Relay Market Report

Indonesia Protective Relay Market report thoroughly covers the market by voltage, end-user, technology, and application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Indonesia Protective Relay Market Synopsis

Indonesia Protective Relay Market has become one of the prominent markets and is estimated to rub faster over the forecast period. The market is attaining growth due to the rising power demand, renewable energy integration, industrialization, and infrastructure development, government regulations and standards, and grid modernization.

According to 6Wresearch, the Indonesia Protective Relay Market size is likely to rise significantly during 2023–2029. Population growth and faster economic development of the country have led to a rise in demand for electricity and this rising demand for power is stimulating the requirement for efficient and reliable power transmissions as well as distribution systems, hence fueling the demand for these protective relays in the country. The nation is making efforts in order to expand the renewable energy share and its energy mix to decrease reliance on fossil fuels as well as mitigate environmental impacts. Renewable energy sources integration such as solar and wind into the grid needs smart protective relay systems in order to maintain grid stability and manage power fluctuations. The undergoing infrastructure and industrialization development projects need stable and reliable electrical systems.

These protective relays play an essential role in protecting critical equipment as well as ensuring uninterrupted power supply in infrastructure and industries. Indonesia is undertaking grid modernization projects in order to enhance the overall reliability and efficiency of power transmissions as well as distribution. The government of Indonesia is focusing on improving the reliability and safety of electrical systems and the government has implemented standards and regulations which necessitate the use of these protective relays in many applications, giving rise to a favorable market environment.

Impacts of the COVID-19 Pandemic on the Indonesia Protective Relay Industry

The outbreak of the deadly coronavirus disrupted supply chains across the globe, which affected the production as well as delivery of materials and components crucial for manufacturing protective relays. Delays in the supply chain led to slowdowns in production and expanded lead times for products. The economic uncertainties as well as restrictions implemented in order to curb the coronavirus spread affected the demand for protective relays. The coronavirus pandemic caused disruptions in a number of markets, including construction as well as infrastructure development projects. Interruptions in project implementation impacted the commissioning and installation of protective relay systems. The requirement for remote work arrangements and social distancing also posed challenges for services providers and manufacturers and this significantly affected the Indonesia Protective Relay Market Growth.

Key Players Operating in the Market

A number of players are operating in this sector but the sector is only dominated by some significant players and these players are:

• Siemens AG
• ABB Group
• Littelfuse, Inc.
• Toshiba Corporation
• General Electric Company (GE)
• Schneider Electric SE
• Eaton Corporation Inc.
• Mitsubishi Electric Corporation
• Schweitzer Engineering Laboratories (SEL)
• Fuji Electric Co., Ltd.

These players in the market are known for their expertise in the manufacturing of protective relay systems as well as for offering a wide range of products that are suitable for different sectors, including transmission, distribution, industrial automation, power generation, and more.

Market by Voltage

According to Sumit, Senior Research Analyst, 6Wresaerch, the medium voltage by voltage is estimated to rise in the years to come due to the rising demand for electricity from the residential sector.

Market by End-User

Based on end-user, the Protective Relay Market in Indonesia is bifurcated into Utilities, Industrial, Railways, and Others. The utility segment will grow more in the market.

Market by Technology

Based on technology, the industry is bifurcated into Electromechanical & Static Relay, and Digital & Numerical Relay. There will be a rise in demand for digital and numerical relays in the market.

Market by Application

Based on application, the sector is bifurcated into Transmission Lines, Busbars, Transformers, Feeder, Generators, Motors, and Others. Among these, it is the motor segment that will have a major impact on the market growth.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Indonesia Protective Relay Market Outlook
• Market Size of Indonesia Protective Relay Market, 2022
• Forecast of Indonesia Protective Relay Market, 2029
• Historical Data and Forecast of Indonesia Protective Relay Revenues & Volume for the Period 2019 - 2029
• Indonesia Protective Relay Market Trend Evolution
• Indonesia Protective Relay Market Drivers and Challenges
• Indonesia Protective Relay Price Trends
• Indonesia Protective Relay Porter's Five Forces
• Indonesia Protective Relay Industry Life Cycle
• Historical Data and Forecast of Indonesia Protective Relay Market Revenues & Volume By Voltage for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Protective Relay Market Revenues & Volume By Low for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Protective Relay Market Revenues & Volume By Medium for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Protective Relay Market Revenues & Volume By High for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Protective Relay Market Revenues & Volume By End-User for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Protective Relay Market Revenues & Volume By Utilities for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Protective Relay Market Revenues & Volume By Industrial for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Protective Relay Market Revenues & Volume By Railways for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Protective Relay Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Protective Relay Market Revenues & Volume By Technology for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Protective Relay Market Revenues & Volume By Electromechanical & Static Relay for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Protective Relay Market Revenues & Volume By Digital & Numerical Relay for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Protective Relay Market Revenues & Volume By Application for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Protective Relay Market Revenues & Volume By Transmission line for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Protective Relay Market Revenues & Volume By Busbar for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Protective Relay Market Revenues & Volume By Transformer for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Protective Relay Market Revenues & Volume By Feeder for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Protective Relay Market Revenues & Volume By Generator for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Protective Relay Market Revenues & Volume By Motor for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Protective Relay Market Revenues & Volume By Others for the Period 2019 - 2029
• Indonesia Protective Relay Import Export Trade Statistics
• Market Opportunity Assessment By Voltage
• Market Opportunity Assessment By End-User
• Market Opportunity Assessment By Technology
• Market Opportunity Assessment By Application
• Indonesia Protective Relay Top Companies Market Share
• Indonesia Protective Relay Competitive Benchmarking By Technical and Operational Parameters
• Indonesia Protective Relay Company Profiles
• Indonesia Protective Relay Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Voltage

• Low
• Medium
• High

By End-User

• Utilities
• Industrial
• Railways
• Others

By Technology

• Electromechanical & Static Relay
• Digital & Numerical Relay

By Application

• Transmission Line
• Busbar
• Transformer
• Feeder
• Generator
• Motor
• Others