Posted On: 2019-04-05
Indonesia power and distribution transformers market registered a healthy growth during 2016-17 owing to the increased government efforts to provide stable and efficient power supply in the country. Further, the market is anticipated to witness a substantial growth during 2018-19 on account of improving electrification and the government’s target to develop 56 GW of power plants in the country, as per the RUPTL (Electricity Supply Business Plan- Rencana Umum Penyediaan Tenaga Listrik) 2018-27. On account of these factors, the demand for power and distribution transformers is anticipated to grow till 2019.
According to 6Wresearch, Indonesia power and distribution transformers market is projected to grow at a CAGR of 3.1% during 2019-2025. The revenues from the power and distribution transformers market in Indonesia has registered an upward trend till 2018 however, beyond that a sluggish trend is anticipated in the revenues owing to success of government initiatives to bring all the households under a stable electricity supply till 2020.
According to Shefali Goel, Assistant Manager, Research and Consulting, 6Wresearch, "Within cooling system segment, oil immersed type of transformers acquired majority of the share as these transformers are of higher capacity, easily available and also these are cheaper than dry type of transformers. However, the share of dry type of transformers is also expected to grow during the forecast period on account of their reliability, fire resistance and now-a-days, these transformers are supplied by companies at competitive prices.
In the application segment, power utilities segment accounted for majority of the market revenues from the power and distribution transformers market due to their direct usage in transmission and distribution of electricity and the government has targeted to construct 65,855 kilometers of transmission network with substations at a volume of 151,424 MVA and distribution network of 526,390 kilometers with distribution substation of 50.216 MVA in the 10-year period (RUPTL 2018-27) ", Shefali concluded.
According to Alpana Tyagi, Research Associate, Research and Consulting, 6Wresearch, "Java has been the major market for transformers during the past period (2015-18), but its share is expected to decline over the coming years on account of falling demand for electricity in this region. Java has been generating electricity in excess of demand due to the presence of the large Java-Bali grid.
Over the coming years, the government of Indonesia is planning to develop power plants in the remote areas of the Eastern Indonesia that includes Kalimantan and Sulawesi, so the market for power and distribution transformers is expected to see an upward trend in Eastern Indonesia during the forecast period", Alpana concluded.
Some of the key players in power transformers market include- PT CG Power systems Indonesia, PT Siemens, PT Schneider Electric, ABB, General Electric and PT Bambang Djaja. The major players in the distribution transformers market in Indonesia include- PT Bambang Djaja, Trafoindo, XD Sakti Indonesia, General Electric, Sintra Sinarindo electric and others.
"Indonesia Power and Distribution Transformers Market (2019-25)" report provides an in-depth analysis with 54 figures and 5 tables covered in 118 pages. The report estimates and forecast the overall Indonesia power and distribution transformers market by revenues, type, cooling system, power rating, applications and regions. The report also offer insights on market ranking by companies, company profiles, market drivers, restraints and recommendations.