Indonesia Geothermal Energy Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Indonesia geothermal energy market is expected to grow at a CAGR of around 5.5% during the forecast period. The primary driver for the market includes the government efforts to reduce the dependency on fossil fuels, and thereby reduce CO2 emission of the country. However, the higher price associated with geothermal energy as compared to fossil fuel-based power generation along with increasing competition for alternative renewable energy sources such as solar and wind is expected to hinder the market growth during the forecast period.
Key HighlightsThe Indonesia geothermal energy market is moderately consolidated. Some of the key players in the market include Enal SpA, Toshiba Energy Systems & Solutions Corporation, BCPG Public Company Limited, PT Supreme Energy, and Sarulla Operations Ltd.
Additional Benefits:Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook