Thermal power remains the foremost contributor to worldwide power production and is the most extensively utilized form of power production around Indonesia as well. The thermal power generation approach utilizes steam to run turbines and produce electricity. In the thermal power segment, coal remains the foremost contributor to power production. Indonesia is yet to accomplish an electrification ratio of 100% and thus has an enormous untapped market for thermal power. An increment in the production capacity of thermal power will be seen over the forthcoming years to satisfy the growing requirement and to allow broader admittance to the national electricity grid.
At Ken Research, the Indonesia Thermal Power Market Report convey the comprehensive analysis of numerous factors likewise segmentation, market size, and future projections of the thermal power market in Indonesia. This report also proposes prevalent trends and development in the industry, SWOT analysis, government regulations, STEEP analysis, Porter’s five force analysis, and challenges in the thermal power industry in Indonesia.
Whereas, the Fast-Track Electricity Program originated by the government to confirm steady electricity supply has certainly supported to boost the electricity market, predominantly the thermal power market. The foremost power plants coming up in the two phases of the FTP are thermal-based. FTP phase-I has frequently coal-fired power plants and FTP phase-II has an enormous portion enthusiastic to geothermal power production.
The report also covers the competitive scenario of the industry, complemented with the market share of private and public sector players. Report also comprises information on the foremost macroeconomic indicators affecting the market. Moreover, the report also proposes information concerning the new technologies that are coming up in the market and the cost analysis for dissimilar types of technologies to introduce the power.
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Mainstream of the market is controlled by PLN with a market share of ~% in production during 2013. Coal is projected to remain the most utilized source of energy to introduce power by producing ~ GWh of power during 2013. It was the highest contributor throughout the past few years as well. Households have remained the greatest consumers of thermal power over the duration of 2008-2013 with their consumption level at ~ thousand BOE during the year 2013. The consumption value of thermal power market in Indonesia is projected to augment at a CAGR of about ~% over the duration of 2013-2018 reaching revenue worth USD ~ million in 2018. PT PLN is predicted to maintain dominance in the market backed by the government and coal is projected to manage its status as the greatest contributor to the production total during the coming years.
Additionally, requirement for the utilization of energy is predicted to augment proficiently during the coming years, thereby proposing great growth opportunities for thermal power market. Speedy growth in demand in the end-use application, high economic growth rate and competitive manufacturing expenditures are influencing the thermal power market in Indonesia. Such aspects are encouraging players to adopt enlargement and R&D strategies in the region.
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Thermal power market in Indonesia
Related Report: -
Indonesia Geothermal Power Analysis: Market Outlook to 2030, Update 2019
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