Market Forecast By Voltage (Low Voltage Switchgear, Medium Voltage Switchgear, High Voltage Switchgear), By Insulation (Medium Voltage Switchgear (Air Insulated, Gas Insulated), High Voltage Switchgear (Air Insulated, Gas Insulated), Low Voltage Switchgear (MCB, MCCB, C&R, ACB, COS, Others)), By Applications (Residential, Commercial, Industrial, Power Utilities) And Competitive Landscape
Product Code: ETC001486 | Publication Date: Dec 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 4 | |
Indonesia Switchgear market currently, in 2023, has witnessed an HHI of 3178, Which has increased moderately as compared to the HHI of 1429 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.
The Indonesia Switchgear Market report thoroughly covers the market by voltage, by insulation, by applications and competitive Landscape. The report provides an unbiased and detailed analysis of the on-going 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 is a rapidly developing country with a thriving power sector and a growing need for modern infrastructure. Among the many components required for the efficient supply of power, switchgears play a vital role in facilitating the safe and reliable operation of electrical networks. The Indonesia switchgear market is driven by the growing demand for electricity, increasing investments in industrial and commercial sectors, as well as the digitization of the power grid. Additionally, the Indonesia is country rich in natural resources, and renewable energy has been an increasingly important focus of its energy policy. The government aims to achieve a renewable energy target of 23% by 2025, which has led to a growing investment in renewable energy plants. This trend is expected to drive the demand for sustainable switchgear solutions that can handle the unique demands of renewable energy networks. Moreover, Indonesia is committed to modernizing its power infrastructure, and the development of a smarter, more efficient grid is a critical component of this effort. Through the deployment of advanced technology and intelligent devices, Indonesia aims to achieve a more flexible, resilient, and interconnected power system. This trend is driving the demand for digital switchgear solutions that integrate with advanced communication systems and can ensure the smooth operation of the grid. However, the Indonesia switchgear industry aspects numerous challenges such as limited technical expertise and skilled labor and lack of funds for large-scale investment in the country.
According to 6Wresearch, Indonesia switchgear market size is projected to grow at a CAGR of 12.6% during 2024-2030. The key growth drivers are infrastructure development, renewable energy, industrialization, increasing investments, and government initiatives. Moreover, the Indonesia is a country that has been caught up in the race towards infrastructure development. The government has focused on building roads, airports, and harbors that would connect the different parts of the country. This has led to the growth of the construction sector and the need for reliable switchgear solutions. The increasing demand for electricity and the growing number of industries requiring stable power supply has contributed significantly to the growth of the switchgear market in Indonesia. Additionally, Indonesia has a vast potential for renewable energy, including geothermal, hydro, solar, and wind. The government has set a target to increase the country's renewable energy share to 23% by 2025. The growth of the renewable energy sector requires the installation of switchgears for protection, monitoring, and control of power systems. This has opened up significant opportunities for switchgear manufacturers to capitalize on the growing demand for renewable energy.
The Indonesian government has initiated several programs to support the growth of the switchgear market. The government has set targets for renewable energy targets and is involved in several projects that require switchgear solutions. Consistently, these happenings have strengthened the Indonesia Switchgear Market Share. Additionally, the government's plan to electrify the remote regions of the country has led to the installation of switchgear systems in such areas.
Some of the key players include Schneider Electric, ABB Group, Siemens and PT Energi Bangsa Lestari. The key players mentioned above are leading names that are powering this growth through their high-quality and innovative switchgear products. The government's initiatives for rural electrification and the investment in the power generation sector are also prime driving factors behind the market's expansion. Additionally, some of the key companies occupy extensive Indonesia Switchgear Market Revenues.
According to Ravi Bhandari, Research Head, 6Wresearch, the medium voltage switchgear is used in industries, towns, and cities to distribute electrical power from the transmission line to the end-users. It is rated from 1 kV to 36 kV. Some of the common applications of medium voltage switchgear are substations, ring main units, and overhead line feeders. A key advantage of this type of switchgear is its ability to isolate faulty networks and maintain power in other parts. In Indonesia, well-known companies, such as PT Indo Kompresigma, PT Eaton, and PT Schneider Indonesia, are some of the leading providers of medium voltage switchgear. Additionally, the high voltage switchgear is used to generate and distribute electricity to large power consumers, such as data centers, factories, and municipalities. It is rated above 36 kV and can support voltages of up to 800 kV. Some of the applications of this switchgear type are control, protection, and isolation of high voltage networks. High voltage switchgears also contain devices that detect abnormal conditions, including voltage drops, and safeguard the system from such risks. Several established companies provide high voltage switchgear in Indonesia, such as PT Siemens Indonesia and PT Schneider Electric Indonesia.
The Switchgear systems for commercial applications are designed to handle a large amount of electricity usage. This type of switchgear is typically found in commercial and office buildings, hospitals, and hotels. They're used to control power supply to air conditioning systems, lighting, and other equipment. Most commercial switchgear systems are customized to meet the specific needs of individual buildings. Additionally, the industries usually require high voltage and large amounts of electricity. Therefore, switchgear systems used in industrial settings must be strong and durable. They're designed to control power distribution, protect equipment from damage, and prevent electrical hazards. The Indonesia switchgear market for industrial applications has seen significant growth, and this trend is expected to continue as the country develops its manufacturing industry.
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The report offers a comprehensive study of the subsequent market segments:
Medium Voltage Switchgear
High Voltage Switchgear
Low Voltage Switchgear
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Indonesia Switchgear Market Overview |
3.1 Indonesia Country Indicators |
3.2 Indonesia Switchgear Market Revenues & Volume 2020-2030F |
3.3 Indonesia Switchgear Market Revenue Share, By Voltage, 2020 & 2030F |
3.4 Indonesia Switchgear Market Revenue Share, By Insulation, 2020 & 2030F |
3.5 Indonesia Switchgear Market Revenue Share, By Application, 2020 & 2030F |
3.6 Indonesia Switchgear Market - Industry Life Cycle |
3.7 Indonesia Switchgear Market - Porter’s Five Forces |
4. Indonesia Switchgear Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Indonesia Switchgear Market Trends |
6. Indonesia Switchgear Market Overview, By Voltage |
6.1 Indonesia Switchgear Market Revenues & Volume, By Low Voltage Switchgear 2020-2030F |
6.2 Indonesia Switchgear Market Revenues & Volume, By Medium Voltage Switchgear 2020-2030F |
6.3 Indonesia Switchgear Market Revenues & Volume, By High Voltage Switchgear 2020-2030F |
7. Indonesia Switchgear Market Overview, By Insulation |
7.1 Indonesia Switchgear Market Revenues, By Medium Voltage Switchgear, 2020-2030F |
7.2 Indonesia Switchgear Market Revenues, By High Voltage Switchgear, 2020-2030F |
7.3 Indonesia Switchgear Market Revenues, By Low Voltage Switchgear, 2020-2030F |
8. Indonesia Switchgear Market Overview, By Application |
8.1 Indonesia Switchgear Market Revenues & Volume, By Residential, 2020-2030F |
8.2 Indonesia Switchgear Market Revenues & Volume, By Commercial, 2020-2030F |
8.3 Indonesia Switchgear Market Revenues & Volume, By Industrial, 2020-2030F |
8.4 Indonesia Switchgear Market Revenues & Volume, By Power Utilities, 2020-2030F |
9. Indonesia Switchgear Market - Key Performance Indicators |
10. Indonesia Switchgear Market - Opportunity Assessment |
10.1 Indonesia Switchgear Market Opportunity Assessment, By Voltage 2030F |
10.2 Indonesia Switchgear Market Opportunity Assessment, By Insulation 2030F |
10.3 Indonesia Switchgear Market Opportunity Assessment, By Application, 2030F |
11. Indonesia Switchgear Market Competitive Landscape |
11.1 Indonesia Switchgear Market Revenue Share, By Company, 2023 |
11.2 Indonesia Switchgear Market Competitive Benchmarking, By Operating & Technical Parameters |
12. Company Profiles |
13. Key Recommendations |
14. Disclaimer |
Market Forecast By Voltage (Low Voltage (By Type (MCB, MCCB, ACB & Others), By Application (Residential, Commercial, Industrial, Power Utilities & Others)), Medium Voltage (By Application (Residential, Commercial, Industrial, Power Utilities & Others), By Insulation Type (Air Insulated Switchgear & Other Insulated Switchgear)), High Voltage Switchgear (By Application (Residential, Commercial, Industrial, Power Utilities & Others)), By Insulation Type (Air Insulated Switchgear, Other Insulated Switchgear)), By Applications (Residential, Commercial, Industrial, Power Utilities & Others) And Competitive Landscape.
Product Code: ETC001486 | Publication Date: May 2022 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Indonesia Switchgear Market is projected to grow over the coming year. Indonesia Switchgear Market report is a part of our periodical regional publication Asia Pacific Switchgear Market outlook report. 6W tracks Switchgear market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titled Global Switchgear Market outlook report annually.
Indonesia Switchgear Market report comprehensively covers the market by Voltage, Types, application and Insulation. 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 Switchgear Market Synopsis
Indonesia Switchgear Market is expected to register moderate growth during the forecast period on the back of surging population. The increasing demand for reliable and uninterruptable power is expected to drive the Indonesia Switchgear Market Growth. Surging investment to upgrade the existing power grid backed by ageing power infrastructure is also proliferating the development of the market. Moreover, rapid industrialisation, urbanization and moderation are some of the key factors adding to the Indonesia Switchgear Market Share.
According to 6Wresearch, Indonesia Switchgear Market size is projected to register growth during 2022-2028. The growing investment in developing renewable energy coupled with government initiatives to promote this technology is also adding to the Indonesia Switchgear Market Revenue. Additionally, growing initiative to eliminate the carbon footprints backed by consumer awareness regarding adoption of renewable energy generation is alos propelling the growth of the market. However, the outbreak of coronavirus pandemic declined the growth of the market owing to disruption in supply chain.
Market Analysis by Insulation
On the basis of insulation, air insulated segment is expected to register growth owing to increasing adoption of such switchgears in various industries such as manufacturing & processing and infrastructure.
Key Attractiveness of the Report
Key Highlights of Switchgear Report
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
Market Forecast By Voltage (Low Voltage (By Type (MCB, MCCB, ACB & Others ), By Application (Residential, Commercial, Industrial, Power Utilities & Others)), Medium Voltage(By Application(Residential, Commercial, Industrial, Power Utilities &Others), By Insulation Type(Air Insulated Switchgear & Other Insulated Switchgear)), High voltage Switchgear (By Application(Residential, Commercial, Industrial, Power Utilities & Others)), By Insulation Type (Air Insulated Switchgear, Other Insulated Switchgear)), By Applications(Residential, Commercial, Industrial, Power Utilities & others ) And Competitive Landscape.
Product Code: ETC001486 | Publication Date: Dec 2019 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 80 | No. of Figures: 45 | No. of Tables: 1 |
The switchgear market in Indonesia is expected to witness tremendous growth due to the expansion of power transmission and distribution network, rise in infrastructure projects along with initiatives taken by the government to improve the national electrification rate. Additionally, government initiatives such as “One Million Houses Programme” and “35 GW Power Programme” aiming to reach electricity ratio from 83% to 98% by 2022, would drive the growth of Indonesia switchgear market.
According to 6Wresearch, Indonesia Switchgear Market size is projected to grow at a CAGR of 6.5% during 2019-2025. Bright Indonesia is an initiative launched by the Ministry of Energy and Mineral Resources, which aims at increasing the electrification rate to 97% by the end of 2019 and provide electricity to underdeveloped villages. This initiative would require the building of new power plants, involving the use of renewable energy sources. Additionally, as per the National Energy Policy 2014, Dewan Energi Nasional (DEN) is planning to increase the share of new and renewable energy sources in the national energy mix to 23% by 2025. These initiatives would provide lucrative growth opportunities in the switchgear market in Indonesia.
Gas-insulated switchgear is expected to acquire a greater market share over the coming years as they are environment-friendly, reliable, and more flexible as compared to air-insulated switchgear. Due to its space optimization, low maintenance cost, protection against external elements, and less installation time the demand for gas insulated switchgear is expected to rise, over the coming years.
Indonesia switchgear market report thoroughly covers the market by voltage and applications. Indonesia switchgear market outlook report provides an unbiased and detailed analysis of the on-going Indonesia switchgear market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.
Key Highlights of the Report:
Markets Covered
The Indonesia switchgear market report provides a detailed analysis of the following market segments:
Other Key Report Available: