TMR Analyzes Impact of Outbreak of COVID-19 on Indonesia Power Generation Market

The Indonesia power generation market is expected to reach US$63.6 bn by the end of 2022. This market was recorded at US$14.1 bn in 2013 and is projected to expand at an 18.70% CAGR within a forecast period from 2014 to 2022, as stated in a research report released by Transparency Market Research. The report, titled “Power Generation Market – Indonesia Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2022,” provides a clear picture of this market’s future in terms of opportunities for expansion and investment, as well as a map of drivers and restraints that can be negotiated with.

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The report states that the primary driver of the Indonesia power generation market is the constantly increasing demand for power in the region. As per findings, the demand for electricity in Indonesia is expected to grow from 206.5 TWh in 2013 to a projected 2022 value of 442.5 TWh, exhibiting a CAGR of 9.10% in the given forecast period.

The Indonesia power generation market has been segmented to improve user perspective. It is segmented on the basis of the technology used into combined cycle power generation, hydro power generation, geothermal power generation, oil-fired power generation, natural gas-fired power generation, and coal-fired power generation. Of these, the Indonesia power generation market was led by coal-fired power generation technology in 2013, when it was used to generate nearly 54% of the overall electricity in the region. The report’s authors expect this segment to retain its leading position throughout the forecast period.

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