Product Code: ETC12388111 | Publication Date: Apr 2025 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The Indonesia grid-connected PV systems market is experiencing significant growth driven by increasing government support for renewable energy initiatives and the country`s abundant solar resources. The market is witnessing a rise in installations of rooftop solar panels on residential and commercial buildings, as well as utility-scale solar projects. Key players in the market include local and international solar companies offering a range of solar products and services. Favorable policies such as feed-in tariffs and net metering are also contributing to the market expansion. Challenges in the market include regulatory uncertainties, grid integration issues, and the need for skilled labor in the solar industry. Overall, the Indonesia grid-connected PV systems market presents opportunities for growth and investment in the renewable energy sector.
The Indonesia grid-connected PV systems market is experiencing growth driven by supportive government policies and increasing awareness of the benefits of solar energy. Key trends include a growing interest in rooftop solar installations, particularly in the commercial and industrial sectors, as businesses seek to reduce energy costs and enhance their sustainability credentials. In addition, the market is seeing a rise in utility-scale solar projects driven by the government`s target to increase renewable energy capacity. Technological advancements such as energy storage solutions and smart grid integration are also gaining traction to improve grid stability and maximize the benefits of solar power. Overall, the Indonesia grid-connected PV systems market is poised for further expansion with a focus on increasing solar capacity and enhancing energy efficiency.
In the Indonesia grid connected PV systems market, several challenges are being faced. These include regulatory uncertainties and changing policies related to renewable energy, lack of infrastructure and grid capacity to support large-scale solar projects, high upfront costs associated with solar installation and equipment, limited access to financing options for consumers and developers, and issues related to land availability for solar panel installation. Additionally, technical challenges such as intermittent cloud cover affecting energy generation and the need for skilled labor for maintenance and operation further hinder the growth of the grid connected PV systems market in Indonesia. Overcoming these challenges will require collaboration between government entities, industry stakeholders, and financial institutions to create a conducive environment for the adoption of solar energy in the country.
The Indonesia grid-connected PV systems market presents promising investment opportunities due to the country`s abundant solar resources and increasing government support for renewable energy development. With a growing demand for clean energy solutions and a target to achieve 23% renewable energy mix by 2025, there is a strong market potential for solar PV installations. Investors can capitalize on this by investing in solar project development, EPC services, solar panel manufacturing, or financing solutions. Additionally, the government offers various incentives such as feed-in tariffs and tax breaks to encourage solar energy deployment. Collaborating with local partners and understanding the regulatory landscape will be crucial for success in this market, making it an attractive opportunity for investors looking to participate in Indonesia`s transition towards sustainable energy.
The Indonesian government has implemented several policies to promote the grid-connected PV systems market in the country. One key initiative is the Net Energy Metering (NEM) scheme, which allows users to sell excess solar power back to the grid at a predetermined rate. Additionally, the government offers incentives such as tax breaks, low-interest loans, and subsidies to encourage the adoption of solar power. The Energy and Mineral Resources Ministry has set targets for renewable energy capacity, including solar power, to account for a significant portion of the country`s energy mix by 2025. These policies aim to stimulate investment in the grid-connected PV systems market and support Indonesia`s transition towards a more sustainable and renewable energy future.
The future outlook for the Indonesia grid-connected PV systems market is promising, driven by government support for renewable energy initiatives, increasing electricity demand, and decreasing solar PV system costs. Indonesia has set ambitious renewable energy targets, aiming for 23% of its energy mix to come from renewables by 2025. This target, coupled with favorable policies such as feed-in tariffs and net metering, will encourage the adoption of grid-connected PV systems in the country. Additionally, the declining costs of solar PV technology and the growing awareness of the environmental benefits of solar energy will further propel market growth. As a result, the Indonesia grid-connected PV systems market is expected to experience significant expansion in the coming years, attracting investments and fostering sustainable energy development.
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 Grid Connected PV Systems Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Grid Connected PV Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Indonesia Grid Connected PV Systems Market - Industry Life Cycle |
3.4 Indonesia Grid Connected PV Systems Market - Porter's Five Forces |
3.5 Indonesia Grid Connected PV Systems Market Revenues & Volume Share, By System Type, 2021 & 2031F |
3.6 Indonesia Grid Connected PV Systems Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 Indonesia Grid Connected PV Systems Market Revenues & Volume Share, By Power Output, 2021 & 2031F |
3.8 Indonesia Grid Connected PV Systems Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Indonesia Grid Connected PV Systems Market Revenues & Volume Share, By Industry, 2021 & 2031F |
4 Indonesia Grid Connected PV Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government incentives and policies promoting renewable energy adoption |
4.2.2 Increasing awareness and concern for environmental sustainability |
4.2.3 Rising electricity demand and the need for reliable and affordable energy sources |
4.3 Market Restraints |
4.3.1 Initial high installation costs of PV systems |
4.3.2 Lack of grid infrastructure and grid stability issues |
4.3.3 Uncertainty in regulatory framework and policy changes |
5 Indonesia Grid Connected PV Systems Market Trends |
6 Indonesia Grid Connected PV Systems Market, By Types |
6.1 Indonesia Grid Connected PV Systems Market, By System Type |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Grid Connected PV Systems Market Revenues & Volume, By System Type, 2021 - 2031F |
6.1.3 Indonesia Grid Connected PV Systems Market Revenues & Volume, By String Inverter System, 2021 - 2031F |
6.1.4 Indonesia Grid Connected PV Systems Market Revenues & Volume, By Central Inverter System, 2021 - 2031F |
6.1.5 Indonesia Grid Connected PV Systems Market Revenues & Volume, By Micro-Inverter System, 2021 - 2031F |
6.2 Indonesia Grid Connected PV Systems Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Grid Connected PV Systems Market Revenues & Volume, By Solar Panels, 2021 - 2031F |
6.2.3 Indonesia Grid Connected PV Systems Market Revenues & Volume, By Inverters, 2021 - 2031F |
6.2.4 Indonesia Grid Connected PV Systems Market Revenues & Volume, By Battery Storage, 2021 - 2031F |
6.3 Indonesia Grid Connected PV Systems Market, By Power Output |
6.3.1 Overview and Analysis |
6.3.2 Indonesia Grid Connected PV Systems Market Revenues & Volume, By Below 10 kW, 2021 - 2031F |
6.3.3 Indonesia Grid Connected PV Systems Market Revenues & Volume, By 10-100 kW, 2021 - 2031F |
6.3.4 Indonesia Grid Connected PV Systems Market Revenues & Volume, By Above 100 kW, 2021 - 2031F |
6.4 Indonesia Grid Connected PV Systems Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Indonesia Grid Connected PV Systems Market Revenues & Volume, By Residential, 2021 - 2031F |
6.4.3 Indonesia Grid Connected PV Systems Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.4.4 Indonesia Grid Connected PV Systems Market Revenues & Volume, By Utility-Scale, 2021 - 2031F |
6.5 Indonesia Grid Connected PV Systems Market, By Industry |
6.5.1 Overview and Analysis |
6.5.2 Indonesia Grid Connected PV Systems Market Revenues & Volume, By Utility, 2021 - 2031F |
6.5.3 Indonesia Grid Connected PV Systems Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.5.4 Indonesia Grid Connected PV Systems Market Revenues & Volume, By BFSI, 2021 - 2031F |
7 Indonesia Grid Connected PV Systems Market Import-Export Trade Statistics |
7.1 Indonesia Grid Connected PV Systems Market Export to Major Countries |
7.2 Indonesia Grid Connected PV Systems Market Imports from Major Countries |
8 Indonesia Grid Connected PV Systems Market Key Performance Indicators |
8.1 Average installation cost per watt of PV systems |
8.2 Percentage of electricity generated from renewable sources in Indonesia |
8.3 Number of grid-connected PV system installations in Indonesia |
8.4 Capacity utilization rate of grid-connected PV systems |
8.5 Rate of return on investment for grid-connected PV systems |
9 Indonesia Grid Connected PV Systems Market - Opportunity Assessment |
9.1 Indonesia Grid Connected PV Systems Market Opportunity Assessment, By System Type, 2021 & 2031F |
9.2 Indonesia Grid Connected PV Systems Market Opportunity Assessment, By Component, 2021 & 2031F |
9.3 Indonesia Grid Connected PV Systems Market Opportunity Assessment, By Power Output, 2021 & 2031F |
9.4 Indonesia Grid Connected PV Systems Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Indonesia Grid Connected PV Systems Market Opportunity Assessment, By Industry, 2021 & 2031F |
10 Indonesia Grid Connected PV Systems Market - Competitive Landscape |
10.1 Indonesia Grid Connected PV Systems Market Revenue Share, By Companies, 2024 |
10.2 Indonesia Grid Connected PV Systems Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |