Indonesia Solar Power Market (2026-2032) | Size & Revenue, Segmentation, Outlook, Growth, Analysis, Companies, Competitive Landscape, Trends, Industry, Value, Forecast, Share
Market Forecast By Technology (Solar Photovoltaic, CSP), By Application (Residential, Non-Residential, Utility) And Competitive Landscape
| Product Code: ETC7575838 | Publication Date: Sep 2024 | Updated Date: Jan 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Indonesia Solar Power Market Growth Rate
According to 6Wresearch internal database and industry insights, the Indonesia Solar Power Market is projected to grow at a compound annual growth rate (CAGR) of 9.7% during the forecast period from 2026 to 2032.
Five-Year Growth Trajectory of the Indonesia Solar Power Market with Core Drivers
Below mentioned are the evaluation of year-wise growth rate along with key drivers:
| Year | Est. Annual Growth (%) | Growth Drivers |
| 2021 | 7.4 | Major focus on renewable energy and government incentives for solar power usage. |
| 2022 | 7.7 | Expansion of solar power infrastructure, growing awareness on energy efficiency. |
| 2023 | 8.2 | Stronger government policies promoting green energy transition, and reduced costs of installation. |
| 2024 | 8.8 | New technologies in solar PV efficiency and higher demand for decentralized power systems. |
| 2025 | 9 | Large-scale investment in solar infrastructure, growing residential and commercial solar installations. |
Topics Covered in the Indonesia Solar Power Market Report
The Indonesia Solar Power Market report thoroughly covers the market by type and application. It provides an unbiased and detailed analysis of ongoing market trends, opportunities, challenges, and market drivers, helping stakeholders align their strategies with current and future market dynamics.
Indonesia Solar Power Market Highlights
| Report Name | Indonesia Solar Power Market |
| Forecast period | 2026–2032 |
| CAGR | 9.7% |
| Growing Sector | Renewable Energy |
Indonesia Solar Power Market Synopsis
Indonesia Solar Energy Market is expected to witness major growth as the market is driven by government policies, increased awareness about renewable energy, and high demand for clean and eco-friendly energy solutions. The market is fuelled by new technological advancements in solar photovoltaic systems, less cost in solar energy installations, and favourable government policies such as subsidies and feed-in tariffs. These factors and Indonesia’s ambitious goals for reducing carbon damages and increasing generation of renewable energy, are propelling the Indonesia Solar Energy Industry in the forward direction.
Evaluation of Growth Drivers in the Indonesia Solar Power Market
Below mentioned are some prominent drivers and their impact on the Indonesia Solar Power Market dynamics:
| Drivers | Primary Segment Affected | Why It Matters (Evidence) |
| Government Policies and Incentives | All Segments | Policies such as subsidies, feed-in tariffs, and eco-friendly energy incentives increase the usage of solar technologies. |
| Energy Efficiency Awareness | Residential, Non-Residential | High demand for energy-efficient solutions in residential and commercial sectors is also increasing the usage of solar energy. |
| Technological Advancements | Solar Photovoltaic (PV) | New technologies in PV technology such as higher efficiency and lower prices are increasing the demand of solar panels. |
| Declining Installation Costs | All Segments | Decreasing prices of solar panel production and installation are making solar energy more affordable and accessible. |
| Environmental Concerns | All Segments | High awareness about climate change and the environmental damage of traditional energy sources is pushing for consumers towards better options. |
Indonesia Solar Power Market is projected to grow at a CAGR of 9.7% from 2026 to 2032. Some major factors for this growth are government support for usage of renewable energy and a high demand for clean and eco-friendly energy solutions, and new technologies in solar technology. The demand for solar energy, particularly photovoltaic (PV) systems, is increasing in residential, commercial, and industrial sectors as Indonesia aims to reduce its carbon footprint and meet eco-friendly energy targets. The growing usage of solar energy storage solutions and the expansion of solar power infrastructure are increasing the Indonesia Solar Energy Market Growth. With increasing awareness about environment and the change toward energy independence, Indonesia’s solar energy market is expected to have major growth.
Evaluation of Restraints in the Indonesia Solar Power Market
Below mentioned are some major restraints and their influence on the Indonesia Solar Power Market dynamics:
| Restraints | Primary Segment Affected | What This Means (Evidence) |
| High Initial Investment | Residential, Non-Residential | High investment prices for solar installations may reduce buyers in the market despite reducing prices. |
| Limited Land Availability for Large-Scale Projects | Solar Power Generation | Lack of available land in urban areas for large-scale solar installations can reduce growth in the market. |
| Regulatory Challenges | All Segments | Strict laws for installations and grid addition processes can hinder approvals of project and slow market growth. |
| Weather Variability | Solar Photovoltaic (PV) | Some weather conditions can reduce the efficiency and reliability of solar PV systems. |
| Grid Infrastructure Limitations | Solar Power Generation | Old grid infrastructure may not be able to handle the increased solar power input which limit the integration of solar energy. |
Indonesia Solar Power Market Challenges
Indonesia Solar Energy Market faces many challenges such as the high investment for solar panel systems, the demand for suitable land for large-scale installations, and the regulatory laws that can delay approvals of solar project. The variability in weather can reduce the efficiency of solar photovoltaic systems, particularly in those areas which have inconsistent sunlight exposure. Despite all these challenges, the government's support and new technological advancements continue to drive the market in the forward direction.
Indonesia Solar Power Market Trends
Major trends that are changing the Indonesia Solar Power Market dynamics are:
- Growth of Solar Photovoltaic (PV): PV systems are becoming more popular which makes them the better technology in Indonesia’s solar energy market.
- Government Incentives and Feed-in Tariffs: Indonesian government is encouraging both residential and commercial installations by providing subsidies, incentives, and feed-in tariffs.
- Energy Storage Integration: Due to higher demand for solar energy, there is a major trend toward energy storage solutions with solar systems to store excess energy for later use.
- Increase in Residential Solar Installations: More homeowners are now using solar energy systems as the prices decrease in the residential sector.
- Solar Panel Recycling: Due to increased installed solar system now focus is more on the recycling of solar panels to reduce environmental damage.
Major Investment Opportunities in the Indonesia Solar Power Industry
Some new investment opportunities in the Indonesia Solar Power Industry are:
- Energy Storage Solutions: Investing in solar battery storage can help in overcoming power supply challenges and offer better energy supply.
- Solar Photovoltaic (PV) Manufacturing: Investing in local manufacturing of solar panels can help in reducing Indonesia’s dependence on imported goods.
- Smart Solar Grid Infrastructure: Developing smart grid technologies will help in managing solar energy supply which will results in improving solar power systems.
- Rural Solar Projects: Large-scale solar installations in rural areas where land is more available can provide major returns on investment and help in fulfilling Indonesia’s energy targets.
- Solar Heating Solutions: Investing heavily in solar thermal technologies for many heating applications can provide better products for homes and businesses.
Top 5 Leading Players in the Indonesia Solar Power Market
Below is the list of prominent companies leading in the Indonesia Solar Power Market:
1. First Solar, Inc.
| Company Name | First Solar, Inc. |
| Headquarters | Tempe, Arizona, USA |
| Established | 1999 |
| Website | Click Here |
First Solar is a global leader in manufacturing solar panels and providing utility-scale PV power plants. The company is known for its thin-film solar technology, which offers high performance and lower production costs.
2. SMA Solar Technology AG
| Company Name | SMA Solar Technology AG |
| Headquarters | Niestetal, Germany |
| Established | 1981 |
| Website | Click Here |
SMA Solar Technology is one of the world’s leading manufacturers of solar inverters and provides solutions for all types of solar installations, including residential, commercial, and large-scale solar farms.
3. Enel Green Power
| Company Name | Enel Green Power |
| Headquarters | Rome, Italy |
| Established | 2008 |
| Website | Click Here |
Enel Green Power is a global renewable energy leader with a strong presence in solar energy. The company develops, manages, and operates solar projects worldwide, including in Indonesia.
4. RWE Renewables
| Company Name | RWE Renewables |
| Headquarters | Essen, Germany |
| Established | 1898 |
| Website | Click Here |
RWE Renewables is one of the largest renewable energy companies globally, with significant investments in solar energy projects, including large-scale solar farms and energy storage systems in Indonesia.
5. SunPower Corporation
| Company Name | SunPower Corporation |
| Headquarters | San Jose, California, USA |
| Established | 1985 |
| Website | Click Here |
SunPower is a leading solar technology company that designs and manufactures high-efficiency solar panels. The company offers solar solutions for residential, commercial, and utility-scale applications.
Government Regulations Introduced in the Indonesia Solar Power Market
According to Indonesia’s Government data, they have introduced many new policies to develop its solar power sector of this country. One such programs is the National Energy Policy, which aims to increase the contribution of renewable energy to the national energy mix. The government has started feed-in tariffs and financial incentives for solar energy projects, especially in residential and commercial sectors. New policies are also being introduced to support the development of solar farms in remote and rural areas which is helping in improving energy accessibility and reduce dependence on fossil fuels.
Future Insights of the Indonesia Solar Power Market
Austria Solar Energy Market is expected to continue its growth in the upcoming years due to large investments in solar infrastructure, favourable government policies, and new technological advancements in solar systems. The decrease in solar installation prices and the increasing use of energy storage systems will likely to push this market’s growth. The market will likely to benefit from increased residential installations, large-scale solar projects, and expanding use of solar thermal solutions. Government policies, such as subsidies and feed-in tariffs and a decline in solar installation prices are further developing the market.
Market Segmentation Analysis
The report offers a comprehensive study of the following market segments and their leading categories:
By Type - Solar Photovoltaic (PV) to dominate the market
According to Lakshita, Senior Research Analyst, 6Wresearch, Solar PV systems dominate the Indonesia Solar Energy Market Share as they are versatile, easy to install, and affordable. The use of PV systems in residential, commercial, and industrial sectors is pushing growth in this segment. Solar thermal is still not as popular as PV for power generation.
By Application - Power Generation to dominate the market
Power Generation is the dominant application for solar energy in Indonesia as it is driven by large-scale solar farms and increasing integration of grid. Solar energy plays an important role in Indonesia’s renewable energy goals which makes power generation the primary segment.
Key Attractiveness of the Report
- 10 Years of Market Numbers.
- Historical Data Starting from 2022 to 2025.
- Base Year: 2025.
- Forecast Data until 2032.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Indonesia Solar Power Market Outlook
- Market Size of Indonesia Solar Power Market, 2025
- Forecast of Indonesia Solar Power Market, 2032
- Historical Data and Forecast of Indonesia Solar Power Revenues & Volume for the Period 2022- 2032
- Indonesia Solar Power Market Trend Evolution
- Indonesia Solar Power Market Drivers and Challenges
- Indonesia Solar Power Price Trends
- Indonesia Solar Power Porter's Five Forces
- Indonesia Solar Power Industry Life Cycle
- Historical Data and Forecast of Indonesia Solar Power Market Revenues & Volume By Technology for the Period 2022- 2032
- Historical Data and Forecast of Indonesia Solar Power Market Revenues & Volume By Solar Photovoltaic for the Period 2022- 2032
- Historical Data and Forecast of Indonesia Solar Power Market Revenues & Volume By CSP for the Period 2022- 2032
- Historical Data and Forecast of Indonesia Solar Power Market Revenues & Volume By Application for the Period 2022- 2032
- Historical Data and Forecast of Indonesia Solar Power Market Revenues & Volume By Residential for the Period 2022- 2032
- Historical Data and Forecast of Indonesia Solar Power Market Revenues & Volume By Non-Residential for the Period 2022- 2032
- Historical Data and Forecast of Indonesia Solar Power Market Revenues & Volume By Utility for the Period 2022- 2032
- Indonesia Solar Power Import Export Trade Statistics
- Market Opportunity Assessment By Technology
- Market Opportunity Assessment By Application
- Indonesia Solar Power Top Companies Market Share
- Indonesia Solar Power Competitive Benchmarking By Technical and Operational Parameters
- Indonesia Solar Power Company Profiles
- Indonesia Solar Power Key Strategic Recommendations
Market Covered
The report offers a comprehensive study of the following Indonesia Solar Power Market segments:
By Type Software
- Solar Photovoltaic (PV)
- Solar Thermal
By Application
- Power Generation
- Heating
Indonesia Solar Power Market (2026-2032): FAQs
The Indonesia Solar Power Market is expected to grow at a compound annual growth rate of 9.7% during the forecast period of 2026 to 2032.
Some factors are government incentives, new advancements in solar PV systems, and high demand for renewable energy solutions.
Some major trends are the growth of solar photovoltaic technology, integration of energy storage systems, and the expansion of residential solar installations.
Government incentives such as feed-in tariffs and tax rebates help to promote solar power usage in residential, commercial, and industrial sectors.
Digital platforms, such as smart grid technologies and solar monitoring apps are improving energy efficiency.
6Wresearch actively monitors the Indonesia Solar Power Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Indonesia Solar Power Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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1 Executive Summary |
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2 Introduction |
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2.1 Key Highlights of the Report |
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2.2 Report Description |
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2.3 Market Scope & Segmentation |
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2.4 Research Methodology |
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2.5 Assumptions |
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3 Indonesia Solar Power Market Overview |
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3.1 Indonesia Country Macro Economic Indicators |
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3.2 Indonesia Solar Power Market Revenues & Volume, 2022 & 2032F |
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3.3 Indonesia Solar Power Market - Industry Life Cycle |
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3.4 Indonesia Solar Power Market - Porter's Five Forces |
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3.5 Indonesia Solar Power Market Revenues & Volume Share, By Technology, 2022 & 2032F |
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3.6 Indonesia Solar Power Market Revenues & Volume Share, By Application, 2022 & 2032F |
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4 Indonesia Solar Power Market Dynamics |
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4.1 Impact Analysis |
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4.2 Market Drivers |
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4.2.1 Government incentives and policies promoting renewable energy adoption. |
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4.2.2 Increasing awareness about environmental sustainability and the benefits of solar power. |
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4.2.3 Declining costs of solar technology and equipment. |
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4.2.4 Growing investment in solar power projects by both domestic and international players. |
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4.3 Market Restraints |
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4.3.1 Lack of grid infrastructure and connectivity in remote areas. |
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4.3.2 Uncertainty surrounding regulations and policies related to solar power. |
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4.3.3 Initial high installation costs for solar power systems. |
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4.3.4 Intermittency and variability of solar power generation due to weather conditions. |
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5 Indonesia Solar Power Market Trends |
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6 Indonesia Solar Power Market, By Types |
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6.1 Indonesia Solar Power Market, By Technology |
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6.1.1 Overview and Analysis |
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6.1.2 Indonesia Solar Power Market Revenues & Volume, By Technology, 2022- 2032F |
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6.1.3 Indonesia Solar Power Market Revenues & Volume, By Solar Photovoltaic, 2022- 2032F |
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6.1.4 Indonesia Solar Power Market Revenues & Volume, By CSP, 2022- 2032F |
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6.2 Indonesia Solar Power Market, By Application |
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6.2.1 Overview and Analysis |
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6.2.2 Indonesia Solar Power Market Revenues & Volume, By Residential, 2022- 2032F |
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6.2.3 Indonesia Solar Power Market Revenues & Volume, By Non-Residential, 2022- 2032F |
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6.2.4 Indonesia Solar Power Market Revenues & Volume, By Utility, 2022- 2032F |
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7 Indonesia Solar Power Market Import-Export Trade Statistics |
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7.1 Indonesia Solar Power Market Export to Major Countries |
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7.2 Indonesia Solar Power Market Imports from Major Countries |
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8 Indonesia Solar Power Market Key Performance Indicators |
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8.1 Capacity utilization rate of solar power installations. |
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8.2 Average cost per kilowatt-hour (kWh) of solar power generated. |
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8.3 Number of new solar power projects initiated. |
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8.4 Growth rate of installed solar power capacity. |
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8.5 Levelized Cost of Electricity (LCOE) for solar power in Indonesia. |
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9 Indonesia Solar Power Market - Opportunity Assessment |
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9.1 Indonesia Solar Power Market Opportunity Assessment, By Technology, 2022 & 2032F |
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9.2 Indonesia Solar Power Market Opportunity Assessment, By Application, 2022 & 2032F |
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10 Indonesia Solar Power Market - Competitive Landscape |
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10.1 Indonesia Solar Power Market Revenue Share, By Companies, 2022 & 2032 |
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10.2 Indonesia Solar Power Market Competitive Benchmarking, By Operating and Technical Parameters |
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11 Company Profiles |
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12 Recommendations |
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13 Disclaimer |
Export potential assessment - trade Analytics for 2030
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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