Indonesia Electric Motor Market (2024-2030) | Share, Industry, Value, Segmentation, Revenue, Analysis, Trends, Size, Growth, Outlook

Indonesia Electric Motor Market | Country-Wise Share and Competition Analysis

In the year 2021, China was the largest exporter in terms of value, followed by Germany. It has registered a growth of 40.05% over the previous year. While Germany registered a growth of 14.75% as compared to the previous year. In the year 2017, China was the largest exporter followed by Japan. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Indonesia has a Herfindahl index of 4698 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of  6040 which signifies high concentration in the market.

Indonesia Electric Motor Market - Export Market Opportunities

Topics Covered in the Indonesia Electric Motor Market

Indonesia Electric Motor Market report thoroughly covers the market by motor type, by voltage range, by application, and by speed. The market outlook 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 Electric Motor Market Synopsis

Indonesia Electric Motor Market has been growing rapidly in recent years, driven by government incentives promoting the use of electric vehicles and renewable energy. The increasing demand for energy-efficient solutions and the growing investments in infrastructure development are further propelling the Indonesia Electric Motor Market Growth.

According to 6Wresearch, the Indonesia Electric Motor Market size has grown to $4.7 billion in previous years and is expected to reach $6.8 billion by, experiencing a CAGR growth of 9% during the forecast period of 2024-2030. The government has been taking initiatives to encourage the growth of the electric motor market through incentives and regulations. The government has made it mandatory for all public transportation vehicles to switch to electric power by 2030, which has created a large demand for electric motors in the transportation sector. The increasing demand for sustainable energy solutions and the growing awareness about the importance of reducing carbon emissions are also driving the growth of the market.

Indonesia electric motor market is witnessing a surge in demand for electric scooters and motorcycles due to their affordability and convenience. The government has also been investing heavily in developing EV charging stations, which has led to an increase in the adoption of electric cars. The growth of smart cities and the increasing use of automation in manufacturing processes are also contributing to the growth of the electric motor market in Indonesia. However, one of the major challenges faced by the electric motor market in Indonesia is the lack of infrastructure for charging stations.

The high cost of technology and the limited access to financing are also hindering the growth of the market. There is also a lack of public awareness about the benefits of electric motors, which is preventing the wider adoption of electric vehicles and renewable energy solutions. The growth of Indonesia electric motor industry is creating numerous opportunities for businesses and investors. The development of EV charging infrastructure and the increasing demand for energy-efficient solutions are creating opportunities for investors in the renewable energy sector. The growth of the electric vehicle market is also creating opportunities for businesses in the manufacturing and automotive industries.

Government policies and schemes introduced in the Indonesia Electric Motor Market 

The government has introduced several policies and schemes to enable this transition to the renewable energy sector, including electric motors. They aim to make Indonesia an electric motor hub, which would create business opportunities, increase economic growth, and significantly reduce Indonesia's carbon footprint and pollution. The first notable policy in Indonesia electric motor market is the Presidential Decree No. 22/2020, which sets a requirement for the use of electric motors and electric vehicles in public transportation. This policy is set to reduce the environmental impact of public transportation in the country, reduce greenhouse gas emissions and increase the adoption of electric vehicles. Another notable policy is the Energy Law No. 30/2007, which provides Indonesia's regulatory framework for renewable energy development, including electric motors. The policy aims to reduce Indonesia's dependence on fossil fuels and promote the use of renewable energy. The Indonesian government will provide tax incentives for companies investing in renewable energy, including electric motor manufacturers. 

Leading players in the Indonesia Electric Motor Market

Leading players in the Indonesia Electric Motor Market include Siemens, ABB Group, Emerson Electric Co., and PT General Electric Indonesia. These companies produce electric motors for industrial applications such as mining, automotive, and power generation. Many electric motor manufacturers are looking to invest in Indonesia and take advantage of the government policies and schemes promoting the renewable energy sector. ABB Group, a leader in power automation, has already invested in a facility in Indonesia and is currently producing electric motors in the country.

Market Analysis by Motor Type

According to Shivankar, Research Manager, 6Wresearch, the AC motors are the most common type of motor used in various applications such as pumps, compressors, and conveyors. The DC motors are used in small applications such as toys, fans, and vacuum cleaners. On the other hand, hermetic motors are extensively used in refrigeration and air conditioning systems. The AC motor segment is currently leading the Indonesia Electric Motor Market Share owing to their high starting torque, robust design, and ease of maintenance.

Market Analysis by Voltage Range

By Voltage Range, the 21-60V segment is the fastest-growing owing to the increasing demand for high-voltage electric motors in industrial and commercial applications. These motors are energy-efficient and offer better reliability, which results in lower maintenance costs. Additionally, these motors are adopted over low voltage motors for the power generation sector.

Market Analysis by Application

By Application, the industrial machinery segment holds the highest market share owing to the extensive use of electric motors in manufacturing and production processes. The HVAC equipment segment is projected to witness substantial growth owing to the increasing demand for energy-efficient and sustainable solutions in the construction sector.

Key Attractiveness of the Report 

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Indonesia Electric Motor Market Outlook
• Market Size of Indonesia Electric Motor Market, 2023
• Forecast of Indonesia Electric Motor Market, 2030
• Historical Data and Forecast of Indonesia Electric Motor Revenues & Volume for the Period 2020 - 2030
• Indonesia Electric Motor Market Trend Evolution
• Indonesia Electric Motor Market Drivers and Challenges
• Indonesia Electric Motor Price Trends
• Indonesia Electric Motor Porter's Five Forces
• Indonesia Electric Motor Industry Life Cycle
• Historical Data and Forecast of Indonesia Electric Motor Market Revenues & Volume By Motor Type for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Electric Motor Market Revenues & Volume By Alternate Current (AC) Motor for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Electric Motor Market Revenues & Volume By Direct Current (DC) Motor for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Electric Motor Market Revenues & Volume By Hermetic Motor for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Electric Motor Market Revenues & Volume By Voltage Range for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Electric Motor Market Revenues & Volume By 9 V & Below for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Electric Motor Market Revenues & Volume By 10-20 V for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Electric Motor Market Revenues & Volume By 21-60 V for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Electric Motor Market Revenues & Volume By 60 V & Above for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Electric Motor Market Revenues & Volume By Application for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Electric Motor Market Revenues & Volume By Industrial Machinery for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Electric Motor Market Revenues & Volume By Motor Vehicles for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Electric Motor Market Revenues & Volume By Heating, ventilating, and cooling (HVAC) equipment for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Electric Motor Market Revenues & Volume By Aerospace & transportation for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Electric Motor Market Revenues & Volume By Household Appliances for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Electric Motor Market Revenues & Volume By Other for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Electric Motor Market Revenues & Volume By Speed (RPM) for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Electric Motor Market Revenues & Volume By Low-Speed Electric Motors (Less Than 1,000 RPM) for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Electric Motor Market Revenues & Volume By Medium-Speed Electric Motors (1,001-25,000 RPM) for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Electric Motor Market Revenues & Volume By High-Speed Electric Motors (25,001-75,000 RPM) for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Electric Motor Market Revenues & Volume By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM) for the Period 2020 - 2030
• Indonesia Electric Motor Import Export Trade Statistics
• Market Opportunity Assessment By Motor Type
• Market Opportunity Assessment By Voltage Range
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By Speed (RPM)
• Indonesia Electric Motor Top Companies Market Share
• Indonesia Electric Motor Competitive Benchmarking By Technical and Operational Parameters
• Indonesia Electric Motor Company Profiles
• Indonesia Electric Motor Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Motor Type

• Alternate Current (AC) Motor
• Direct Current (DC) Motor
• Hermetic Motor

By Voltage Range

• 9 V & Below
• 10-20 V
• 21-60 V
• 60 V & Above

By Application

• Industrial Machinery
• Motor Vehicles
• Heating
• Ventilating
• And Cooling (HVAC) Equipment
• Aerospace & Transportation
• Household Appliances
• Other

By Speed (RPM)

• Low-Speed Electric Motors (Less Than 1,000 RPM)
• Medium-Speed Electric Motors (1,001-25,000 RPM)
• High-Speed Electric Motors (25,001-75,000 RPM)
• Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM))

Indonesia Electric Motor Market (2024-2030): FAQs