Posted On: 2020-09-08
Indonesia power and distribution transformer market was dominated by the power utility sector in 2019 – 6Wresearch
Indonesia power and distribution transformer market is anticipated to grow in the forecast period on account of infrastructural development projects such as the $33.7 billion Trans-Sumatra toll road project, $6 billion Jakarta-Bandung high-speed railway, and $33 billion mega-project along with the government initiative Economic Master Plan 2011-2025 in the country. Additionally, the growing demand for electricity in the country would lead to the construction of power plants in Indonesia which would further have a positive impact on the growth of the power and distribution transformers market in the coming years. Further, the coronavirus outbreak is expected to adversely impact the growth of the construction sector of the country due to the delay of infrastructural projects in 2020 resulting in a decline in the power and distribution transformer market. However, in FY21 the market is expected to recover as the economy would resume the normalcy after a protracted period of nationwide lockdown.
According to 6Wresearch, Indonesia Power and Distribution Transformer market size is projected to grow at a CAGR of 1.8% during 2020-2026. Construction of 19 industrial estates outside Java along with the upcoming 10 sugar mills and the first Hyundai manufacturing plant would drive the growth of the power and distribution transformer market in the forecast period. Further, the expected $430 billion investment in the infrastructure of the country would be a significant reason behind the increasing demand for power and distribution transformers.
According to Akshay Thakur, Senior Research Analyst, Research and Consulting, 6Wresearch, “Amongst cooling systems, liquid type power, and distribution transformers captured the highest revenue share in the overall Indonesia power and distribution transformer market. However, dry-type power and distribution transformers are expected to witness strong growth during the forecast period since they are more reliable as there are fewer chances of fire hazard and leads to low power losses.”
According to Sarthak Bansal, Research Analyst, Research and Consulting, 6Wresearch, “By regions, Java-Bali is expected to account for highest revenue share in the power and distribution transformers market in the forecast period owing to the upcoming largest industrial park on the north coast of Java island that is being planned by the country’s government to attract manufacturers relocating out of China. In addition to this, Indonesia is also being benefitted from the US-China trade war as companies from the US and Japan would be relocating to Brebes industrial estate with an estimated total investment of $39 billion in the country which would spur the development of Central Java, thereby increasing the demand for power and distribution transformers in the coming years.”
"Indonesia Power and Distribution Transformer market (2020-2026)" provides an in-depth analysis with 44 figures covered in 96 pages. The report estimates and forecasts the overall Indonesia power and distribution transformer market by type, power rating, applications, cooling system, and regions. The report provides an unbiased and detailed analysis of the Indonesia power and distribution transformer market on-going trends, outlook, 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.