Posted On: 2020-02-24
Among all the kVA rating, above 1000 kVA gas gensets acquired majority of the revenue share in the overall gas genset market in Indonesia– 6Wresearch
Gas gensets are majorly used in the industrial sector which currently contributes most to the Indonesia’s GDP, hence justifying the growth of the market. The application of gas gensets in future is anticipated to grow due to heavy usage of genset in mining and manufacturing sector which are considered as the pillars of Indonesia’s economy. Moreover, due to rising environmental concerns among people, many industries are shifting to gas gensets as they emit hazardous gases which is further augmenting the respective market.
According to 6Wresearch, Indonesia Gas Genset Market is projected to grow at a CAGR of 1.3% during 2019-25. Increasing oil and gas projects such as Eni’s Indonesia’s Gas Project and East Natuna Block (Natuna D-Alpha) Project would propel the demand for gas genset in the country. Further, new exploration and production projects for oil and natural gas pipeline in Indonesia would generate the requirement of continuous power solutions for processing, which in turn, would trigger the demand for gas genset over the coming years.
According to Siddharth Saxena, Research Associate, 6Wresearch, “Industrial sector in Indonesia captured the largest market revenue share in the gas genset market among all the other applications in 2018, particularly on account of government’s plan to strengthen the oil & gas infrastructure and increasing awareness among industries to reduce pollution. However, decreasing demand for natural gas fuel in industries due to price rise and limited pipeline connectivity may act as a drag on the growth of the market over the coming years.”
“Above 1000 kVA rating gas gensets acquired the largest market revenue share among all the kVA ratings in 2018. This is due to rising interest of the government for supporting the investment in domestic manufacturing sector which would lead to the establishment of several new industries, thereby generating demand for high kVA rating gas gensets in the industrial domain during the forecast period”, Siddharth further added.
According to Apoorva Sawhney, Research Analyst, 6Wresearch, “Kalimantan region depicts the fastest growth, in terms of revenue, in comparison to other regions due to improvement in the gas infrastructure on account of national gas development masterplan incorporated by the government of Indonesia.”
“The Indonesian government is planning to make East Kalimantan the new capital of Indonesia, with an investment of $33 billion for the establishment of administrative and political centres along with large capital investment for the development of new international airports and a new seaport. Such infrastructural development would drive the demand for gas gensets in the Kalimantan region”, Apoorva further added.
Some of the major companies in Indonesia gas genset market include Jenbacher, Caterpillar, MTU, Cummins and FG Wilson .
“Indonesia Gas Genset Market (2019-2025)" report provides an in-depth analysis with 34 figures and 5 tables, covered in 83 pages. The report estimates and forecast the overall Indonesia gas genset market by kVA rating, by applications, and by 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 devise and align their market strategies according to the current and future market dynamics.