| Product Code: ETC272008 | Publication Date: Aug 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In the Indonesia transformer core market, the import trend experienced a decline from 2023 to 2024, with a growth rate of -10.85%. The compound annual growth rate (CAGR) for imports over the period 2020-2024 stood at 0.29%. This negative momentum could be attributed to shifts in demand dynamics or changes in trade policies impacting market stability.
Indonesia's Transformer Core market is anticipated to experience a high growth rate of 10.33% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.

The Indonesia transformer core market size was estimated at USD 1 billion in 2018 and is projected to register a CAGR of 3. 1% due primarily due to rising investments for electricity infrastructure upgradation projects along with rising focus on renewable energy sources such as solar energy systems fuel cell technologies amongst others are some factors propelling its demand globally including Indonesia as well. High prevalence associated with these devices across industrial applications such as oil & gas refineries electrical grids plus automotive industries among numerous others will provide strong traction within business spaces thus positively influencing regional outlook over next couple of years ahead.
The Transformer Core market in Indonesia is driven by increasing demand for electricity due to industrialization and urbanization. Investments in the power sector, renewable energy projects, and the modernization of the electrical grid also contribute to the growth of this market. Additionally, the expansion of industries such as manufacturing, infrastructure, and construction further boosts the demand for transformers, thereby driving the transformer core market.
Challenges in the transformer core market may include sourcing high-quality raw materials, maintaining consistent production standards, and adapting to changing energy efficiency regulations. Additionally, competition from imported transformer cores and the need for continuous technological advancements to enhance core efficiency can pose challenges for local manufacturers.
During the pandemic, disruptions in supply chains and reduced industrial activity could have affected the demand for transformers and, consequently, the transformer core market. The slowdown in construction and infrastructure projects might have led to delays in transformer installations, affecting the market`s growth.
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 Transformer Core Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Transformer Core Market Revenues & Volume, 2021 & 2031F |
3.3 Indonesia Transformer Core Market - Industry Life Cycle |
3.4 Indonesia Transformer Core Market - Porter's Five Forces |
3.5 Indonesia Transformer Core Market Revenues & Volume Share, By Core, 2021 & 2031F |
3.6 Indonesia Transformer Core Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Indonesia Transformer Core Market Revenues & Volume Share, By Winding, 2021 & 2031F |
3.8 Indonesia Transformer Core Market Revenues & Volume Share, By Insulation, 2021 & 2031F |
3.9 Indonesia Transformer Core Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Indonesia Transformer Core Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electricity in Indonesia |
4.2.2 Government initiatives to improve energy infrastructure |
4.2.3 Growth in renewable energy projects in the country |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials |
4.3.2 Competition from substitute products |
4.3.3 Regulatory challenges in the energy sector |
5 Indonesia Transformer Core Market Trends |
6 Indonesia Transformer Core Market, By Types |
6.1 Indonesia Transformer Core Market, By Core |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Transformer Core Market Revenues & Volume, By Core, 2021-2031F |
6.1.3 Indonesia Transformer Core Market Revenues & Volume, By Closed, 2021-2031F |
6.1.4 Indonesia Transformer Core Market Revenues & Volume, By Shell, 2021-2031F |
6.1.5 Indonesia Transformer Core Market Revenues & Volume, By Berry, 2021-2031F |
6.2 Indonesia Transformer Core Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Transformer Core Market Revenues & Volume, By Distribution Transformer, 2021-2031F |
6.2.3 Indonesia Transformer Core Market Revenues & Volume, By Power Transformer, 2021-2031F |
6.2.4 Indonesia Transformer Core Market Revenues & Volume, By Instrument Transformer, 2021-2031F |
6.3 Indonesia Transformer Core Market, By Winding |
6.3.1 Overview and Analysis |
6.3.2 Indonesia Transformer Core Market Revenues & Volume, By Two Winding, 2021-2031F |
6.3.3 Indonesia Transformer Core Market Revenues & Volume, By Auto-transformer, 2021-2031F |
6.3.4 Indonesia Transformer Core Market Revenues & Volume, By Cooling, 2021-2031F |
6.3.5 Indonesia Transformer Core Market Revenues & Volume, By Dry Type, 2021-2031F |
6.3.6 Indonesia Transformer Core Market Revenues & Volume, By Self-Cooled, 2021-2031F |
6.4 Indonesia Transformer Core Market, By Insulation |
6.4.1 Overview and Analysis |
6.4.2 Indonesia Transformer Core Market Revenues & Volume, By Gas, 2021-2031F |
6.4.3 Indonesia Transformer Core Market Revenues & Volume, By Oil, 2021-2031F |
6.4.4 Indonesia Transformer Core Market Revenues & Volume, By Solid, 2021-2031F |
6.4.5 Indonesia Transformer Core Market Revenues & Volume, By Air, 2021-2031F |
6.5 Indonesia Transformer Core Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Indonesia Transformer Core Market Revenues & Volume, By Residential & Commercial, 2021-2031F |
6.5.3 Indonesia Transformer Core Market Revenues & Volume, By Utility, 2021-2031F |
6.5.4 Indonesia Transformer Core Market Revenues & Volume, By Industrial, 2021-2031F |
7 Indonesia Transformer Core Market Import-Export Trade Statistics |
7.1 Indonesia Transformer Core Market Export to Major Countries |
7.2 Indonesia Transformer Core Market Imports from Major Countries |
8 Indonesia Transformer Core Market Key Performance Indicators |
8.1 Percentage increase in installed capacity of transformers in Indonesia |
8.2 Number of new energy infrastructure projects initiated |
8.3 Adoption rate of advanced transformer core technologies in the market |
9 Indonesia Transformer Core Market - Opportunity Assessment |
9.1 Indonesia Transformer Core Market Opportunity Assessment, By Core, 2021 & 2031F |
9.2 Indonesia Transformer Core Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Indonesia Transformer Core Market Opportunity Assessment, By Winding, 2021 & 2031F |
9.4 Indonesia Transformer Core Market Opportunity Assessment, By Insulation, 2021 & 2031F |
9.5 Indonesia Transformer Core Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Indonesia Transformer Core Market - Competitive Landscape |
10.1 Indonesia Transformer Core Market Revenue Share, By Companies, 2024 |
10.2 Indonesia Transformer Core Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |