Rising Spending for Infrastructure Development and Growing Number of SMEs owing to Rising FDI in the Commercial Sector are the key factors spurring the Growth of Indonesia Diesel Genset Market - 6Wresearch

Emerging infrastructure sector due to growing population of the country along with rise in industrial and agricultural activities are driving the growth of diesel genset market in Indonesia. Recovering industrial sector along with growing commercial and residential sectors supported by several government led initiatives would be the key factors spurring the market for diesel gensets in Indonesia over the next six years.

According to 6Wresearch, Indonesia Diesel Genset Market Revenues are Projected to Grow at a CAGR of 2.9% during 2018-24.Increasing demand for diesel gensets in industrial and commercial sector due to electricity demand-supply gap would boost the market in Indonesia during the forecast period. Additionally, dependency of industrial and residential consumers in remote areas on diesel gensets due to inadequate electricity transmission network is also driving the demand for diesel gensets. Projects such as the Makassar-Parepare Railway, the Bontang Oil Refinery and the Tuban Oil Refinery would also contribute to the growth of diesel genset market in Indonesia.

According to Ravi Bhandari, Research Manager, 6Wresearch, The industrial sector holds the major market revenue share in the Indonesia Diesel Genset market on account of high utilization of diesel gensets for power generation in industrial subsectors such as construction and manufacturing. The opening of a vehicle-assembly plant by Mitsubishi and a new manufacturing facility by Nexteer Automotive in the West Java region in 2017 along with expected growth in major industries such as construction and aviation would in turn contribute to the growth of the diesel genset market."

75.1-375 KVA rating segment of diesel genset contributes the highest market revenue share followed by the 5-75 KVA rating diesel gensets. 75.1-375 KVA diesel genets are used in data centers, hospitals, business parks and malls as a source of backup power," Ravi further added.

According to Vikrant Tomar, Research Associate, 6Wresearch, "Demand for diesel gensets is likely to de-escalate over the coming years on grounds of growing opportunities for the gas genset market owing to the development of gas pipeline infrastructure for import of natural gas that includes projects such as Borneo gas pipelines and Natuna-West Kalimantan pipeline."

The Java region acquired the largest revenue share in 2017 in the Indonesia's Diesel Genset market followed by Sumatra region. Number of hotels and shopping center projects are under construction in Java region along with infrastructural projects such as the Jakarta MRT and the high-speed railway project which would drive the diesel genset market in the region," Vikrant concluded.

Some of the prominent companies in Indonesia Diesel Genset Market include - Perkins Engines, Cummins Inc., Mitsubishi Heavy Industries and Caterpillar.

"Indonesia Diesel Genset Market (2018-2024)" provides in-depth analysis with 97 figures and 40 tables covered in more than 150 pages. The report estimates and forecast the overall Indonesia Diesel Gensets Market by kVA rating, verticals, applications and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics."

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