Findings from Facts and Factors report “Indonesia Hydropower Market By Type (40 MW to 100 MW, Above 100 MW to 150 MW, and Others) and By Application (Commercial, Residential, Industrial): Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026”
According to the report, the demand for Indonesia hydropower market in 2019 was approximately USD 2,180 Million. The market is expected to grow at a CAGR of 9% and is anticipated to reach around USD 3,450 Million by 2026.
Hydropower is one of the largest renewable energy sources for electricity generation. Conversion of energy into electricity from flowing water is referred as hydropower. Hydropower is the conventional energy source for producing electrical and mechanical energy. Industrial, commercial, residential and others are the applications of hydro power. Now, modern hydropower plants use generators and turbines for generation of electricity.
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The concentration rate of hydropower is moderate in the regions such as Bali, Aceh, Riau and Jambi where as high in region such as north and south Sumatra, west and east Java, north and south Sulawesi and Kalimantan. The Government’s efforts and investments in renewable energy sources such as hydropower is the major driving factor for the hydropower market in Indonesia. Partnerships and agreements between leading countries are contributing to the growth of the market. For instance, PLN signed agreements with nine renewable independent power producers (IPPs). These nine IPPs are set to build power plants based on renewable resources in various capacities totaling 640.45 megawatts (MW). Aboitiz Power Crop is partnering with Norway’s SN Power for potential hydropower project in Indonesia and Myanmar.
Rising environmental security concerns along with growing demand for renewable energy sources is expected to drive the industry growth during the projected years. The Indonesian hydropower market is anticipated to exhibit significant growth owing to constant increasing electricity demand, due to the rapid industrialization and surge in population. As conventional sources have become expensive due to the intermittent prices and depleting supply, exploration of renewable energy sources have become inevitable. Government policies towards renewable energy sources have become more favorable to motivate investments in hydropower from both private and public players it will create new opportunity for hydro power during the years to come. The collective effect of these factors is anticipated to drive the market at an exponential rate.
The Indonesia hydropower market is segmented into type and capacity. The type category is further bifurcated into 40 MW to 100 MW, Above 100 MW to 150 MW, and others. The above 100MW to 150 MW segment holds major share of the market and is expected to continue the trend during the forecast period. The application segment is fragmented into commercial, residential, and industrial. The industrial segment holds largest share of the market during the analysis period.
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Major players included in the scope of the market are PT Indonesia Asahan Aluminium Persero (INALUM), PT. Terregra Asia Energy Tbk., PLN, PT Nusantara Infrastructure Tbk, ANDRITZ HYDRO, and PT. SyRes Indonesia among others.
This report segments the Indonesia hydropower market as follows:
Indonesia Hydropower Market: By Type Segmentation Analysis (Customizable)
- 40 MW to 100 MW
- Above 100 MW to 150 MW
Indonesia Hydropower Market: By Applications Segmentation Analysis (Customizable)
Indonesia Hydropower Market : Regional Segmentation Analysis
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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