Market Forecast By Type (Lithium-ion Battery, Lead Acid Battery, Flow Battery, Others), By Connectivity (Off-Grid, On-Grid), By Application (Residential, Non-Residential, Utility, Others), By Ownership (Customer Owned, Third-Party Owned, Utility Owned), By Capacity (Small Scale (Less than 1 MW), Large Scale (Greater than 1 MW)) And Competitive Landscape
Product Code: ETC258448 | Publication Date: Aug 2023 | Updated Date: May 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Indonesia Battery Energy Storage Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 12.22% in 2025, climbs to a high of 15.17% in 2028, and moderates to 14.30% by 2029.
Indonesia's Battery Energy Storage market is anticipated to experience a high growth rate of 14.74% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.
As per 6Wresearch, Indonesia Battery Energy Storage Market Size is projected to reach at a CAGR 8.5% during the 2025 to 2031. This growth is driven by increasing demand for reliable power supply across industrial, commercial, residential, and others.
Report Name | Indonesia Battery Energy Storage Market |
Forecast period | 2025-2031 |
CAGR | 8.5% |
Growing Sector | Renewable energy and Industrial applications |
The Indonesia Battery Energy Storage Market report thoroughly covers the market by Type, By Connectivity, By Application. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high-growth areas, and market drivers to help stakeholders align their strategies with current and future market dynamics.
Indonesia Battery Energy Storage Market growth can be attributed to various government policies such as incentive schemes, tax exclusions, renewable energy payments etc. , which have raised the investment in the segment of renewable energy sources such as plants equipped with lithium batteries for generating electricity from renewable resources without any carbon emissions, solar photovoltaic (PV), hydropower with enhanced battery capacity are being innovative to optimize energy output and lessen wastage. Battery energy storage systems (BESS) play a crucial role in handling irregular renewable energy sources like solar and wind power.
The Indonesia Battery Energy Storage Market is anticipated to grow at a CAGR of 8.5% during the forecast period 2025-2031. 2025-2031. The growth of this market is influenced by growing investments in the sector of renewable energy projects and government leads that promote the solutions of sustainable energy. Furthermore, enhancements in battery equipment, like lithium-ion and solid-state batteries, are propelled to improve efficiency and costing-little, making energy storage systems more feasible across the country. The anticipated growth is going to align with Indonesia's commitment to turn down carbon emissions and transition to a greener energy future.
Additionally, battery energy storage systems (BESS) play a significant role in handling intermittent renewable energy sources. The government's initiatives to promote neat energy and lessen reliance on fossil fuels are some of the key drivers propelling the acquisition of battery energy storage solutions. On the other hand, the battery energy storage market in Indonesia is facing challenges on an ascending the country's centre of attention on renewable energy incorporation and grid stability. Moreover, the scarcity of clean regulatory structure and restricted public awareness creates a hurdle in the market`s potential.
A prominent trend in the Indonesia battery energy storage industry is the upgrading preference of renewable energy resources like lithium-ion batteries. The major available abundant sources are wind, solar, and hydro energy. Indonesia is going to experience a rush in renewable energy programs across the globe in the upcoming year. Battery energy storage systems are becoming an essential part in consolidating the irregular energy sources into the country's power system, ensuring the smooth and efficient energy distribution. Rising power costs and the increasing energy requirements in Indonesia are taking customers and companies to seek other solutions. Battery energy storage provides cost-efficient choices for load balancing, and balancing energy freeness.
Indonesia battery energy storage market presents several key investment opportunities as the country exaggerates its efforts to achieve a sustainable energy transition. The demand for reliable energy storage solution is projected to expand as ambitious targets are made for renewable energy adoption. Apart from this, some of the key investment areas include renewable energy amalgamation projects, the development of advanced lithium-ion battery systems, and localized battery manufacturing to reduce dependency on imports. In addition, government policies such as subsidies, tax incentives, and favorable regulations provide an encouraging environment for both domestic and international investors. Moreover, partnerships between public entities and private firms and can also unravel considerable prospects in grid modernization making the market a promising avenue for promising growth.
The Indonesia Battery Energy Storage Market is extremely competitive and includes leading players who rule over the industry through quality products and broader distribution channels. Among prominent names are CATL (Contemporary Amperex Technology Co., Limited), LG Energy Solution, Panasonic Corporation, and BYD (Build Your Dreams). These companies have established themselves as recognised brands by consistently contributing uniquely to the Indonesia Battery Energy Storage Market Growth and innovation. The company has been increasingly active in South-Asia, having the expertise to support the battery energy storage market in Indonesia. Most of the companies have established themselves by delivering the high-quality battery and options in renewable energy resources in the market. With its upgraded research and analysis in battery innovations, the energy Solution focuses on solutions that serve both energy systems and electric vehicles.
The key regulations established for standard regulation and strategy to stimulate the upgradation of the battery energy storage market in Indonesia, while encouraging sustainability in the market. In addition, the government imposes taxes and duties on raw materials and finished products, which impact production costs and pricing strategies. Government regulations play a crucial role in moulding the Indonesia Battery Energy Storage Market.
One of the major regulations is the Presidential Regulation No. 55 of 2019, which caters as a guiding light for the speedy development of electric vehicles (EV), that inculcates the foundation of supporting frameworks like energy storage systems and battery production. This regulation emphasises the government’s dedication to reduce greenhouse gas emissions. Another key regulation is that the Ministry of Energy and Mineral Resources (MEMR) has issued directions to main certification of new energy technology products, making faster acceptance of battery systems. Furthermore, another example of this can be collaborative projects like the agreement between state-owned enterprises.
Indonesia Battery Energy Storage Market is expected to witness massive growth with the help of government’s programs, growing energy needs, and a major global shift in the direction of renewable energy resources. Additionally, the commitment of battery energy storage market in Indonesia is eager to experience the commendable growth influenced by the target of significant growth, driven by a combination of government initiatives, and commitment of achieving the net-zero emission of light or energy by 2031. Additionally, the high rising power rate in remote and rural areas enhances the requirement of scalable storage solutions. The evolving sector not only supports Indonesia’s energy transformation but also creates more jobs and innovation in the energy scenario.
The report offers a comprehensive study of the following market segments and their leading categories
According to Saurabh, Senior Research Analyst at 6Wresearch, Lithium-ion batteries are aiming to have the highest growth across the globe, which includes in markets of Indonesia. Lithium-ion batteries are preferred for their high energy density, turning down the cost- efficiency.
The on-grid segment is projected to have high growth by the rise of renewable energy sources like solar and wind. The system requires grid-connected storage solutions to balance energy supply.
The residential sector is projected to experience notable growth in the renewable energy market. This rise can be attributed to several factors, including the growing interest in energy independence, the increasing adoption of rooftop solar panels.
The market report covers a detailed analysis of the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Indonesia Battery Energy Storage Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Battery Energy Storage Market Revenues & Volume, 2021 & 2031F |
3.3 Indonesia Battery Energy Storage Market - Industry Life Cycle |
3.4 Indonesia Battery Energy Storage Market - Porter's Five Forces |
3.5 Indonesia Battery Energy Storage Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Indonesia Battery Energy Storage Market Revenues & Volume Share, By Connectivity, 2021 & 2031F |
3.7 Indonesia Battery Energy Storage Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Indonesia Battery Energy Storage Market Revenues & Volume Share, By Ownership, 2021 & 2031F |
3.9 Indonesia Battery Energy Storage Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
4 Indonesia Battery Energy Storage Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Indonesia Battery Energy Storage Market Trends |
6 Indonesia Battery Energy Storage Market, By Types |
6.1 Indonesia Battery Energy Storage Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Battery Energy Storage Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Indonesia Battery Energy Storage Market Revenues & Volume, By Lithium-ion Battery, 2021-2031F |
6.1.4 Indonesia Battery Energy Storage Market Revenues & Volume, By Lead Acid Battery, 2021-2031F |
6.1.5 Indonesia Battery Energy Storage Market Revenues & Volume, By Flow Battery, 2021-2031F |
6.1.6 Indonesia Battery Energy Storage Market Revenues & Volume, By Others, 2021-2031F |
6.2 Indonesia Battery Energy Storage Market, By Connectivity |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Battery Energy Storage Market Revenues & Volume, By Off-Grid, 2021-2031F |
6.2.3 Indonesia Battery Energy Storage Market Revenues & Volume, By On-Grid, 2021-2031F |
6.3 Indonesia Battery Energy Storage Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Indonesia Battery Energy Storage Market Revenues & Volume, By Residential, 2021-2031F |
6.3.3 Indonesia Battery Energy Storage Market Revenues & Volume, By Non-Residential, 2021-2031F |
6.3.4 Indonesia Battery Energy Storage Market Revenues & Volume, By Utility, 2021-2031F |
6.3.5 Indonesia Battery Energy Storage Market Revenues & Volume, By Others, 2021-2031F |
6.4 Indonesia Battery Energy Storage Market, By Ownership |
6.4.1 Overview and Analysis |
6.4.2 Indonesia Battery Energy Storage Market Revenues & Volume, By Customer Owned, 2021-2031F |
6.4.3 Indonesia Battery Energy Storage Market Revenues & Volume, By Third-Party Owned, 2021-2031F |
6.4.4 Indonesia Battery Energy Storage Market Revenues & Volume, By Utility Owned, 2021-2031F |
6.5 Indonesia Battery Energy Storage Market, By Capacity |
6.5.1 Overview and Analysis |
6.5.2 Indonesia Battery Energy Storage Market Revenues & Volume, By Small Scale (Less than 1 MW), 2021-2031F |
6.5.3 Indonesia Battery Energy Storage Market Revenues & Volume, By Large Scale (Greater than 1 MW), 2021-2031F |
7 Indonesia Battery Energy Storage Market Import-Export Trade Statistics |
7.1 Indonesia Battery Energy Storage Market Export to Major Countries |
7.2 Indonesia Battery Energy Storage Market Imports from Major Countries |
8 Indonesia Battery Energy Storage Market Key Performance Indicators |
9 Indonesia Battery Energy Storage Market - Opportunity Assessment |
9.1 Indonesia Battery Energy Storage Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Indonesia Battery Energy Storage Market Opportunity Assessment, By Connectivity, 2021 & 2031F |
9.3 Indonesia Battery Energy Storage Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Indonesia Battery Energy Storage Market Opportunity Assessment, By Ownership, 2021 & 2031F |
9.5 Indonesia Battery Energy Storage Market Opportunity Assessment, By Capacity, 2021 & 2031F |
10 Indonesia Battery Energy Storage Market - Competitive Landscape |
10.1 Indonesia Battery Energy Storage Market Revenue Share, By Companies, 2024 |
10.2 Indonesia Battery Energy Storage Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |