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Power utilities sector is the major contributor in the growth of Indonesia power and distribution transformers market - 6Wresearch

05 April, 2019

Indonesia power and distribution transformers market registered a healthy growth during 2016-17 owing to increased government efforts to provide stable and efficient power supply in the country. Further, the market is anticipated to witness a strong 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 reach $1.2 billion by 2025. The revenues from the power and distribution transformers market in Indonesia are showing an upward trend till 2019 and beyond that a sluggish trend is anticipated in the revenue stream owing to the success of government's initiatives to bring all the households under a stable electricity supply till 2019.

According to Shefali Goel, Assistant Manager, Research and Consulting, 6Wresearch, "within cooling type, oil immersed type of transformers acquired majority of the share in the market because of certain key features such as higher capacity, ease availability 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 forecasted 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, the power utilities segment accounts for majority of the market revenues in 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), However, 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 such as Kalimantan and Sulawesi due to which the market for power and distribution transformers is expected to see an upward trend in the Eastern Indonesia during the forecast period", Alpana concluded.

Some of the key players in Indonesia power and distribution 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 and Sintra Sinarindo electric.

"Indonesia Power and Distribution Transformers Market (2019-2025)", report provides an in-depth analysis with 46 figures and 4 tables covered in more than 118 pages. The report estimates and forecast the overall Indonesia power and distribution transformers market by revenues, type, insulation type, power rating, application and regions of the country. The report also offer insights on market ranking by companies, company profiles, market drivers, restraints and recommendations.

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