Indonesia Geothermal Power Market Research Report Forecast to 2030
Market Overview
Indonesia geothermal power market was valued at USD 231.15 million in 2020 and is expected to register a CAGR of 7.62% to reach USD 469.90 million by the end of 2030. Geothermal power is electricity generated from geothermal energy, in which steam from underground hot water is used to rotate a turbine, which is then connected to a generator to produce electricity. It is a relatively environmentally friendly energy source derived from the earth’s inner heat.
The Indonesia geothermal power market is expected to register healthy growth during the review period due to the increased demand for clean energy generation to minimize reliability on fossil fuels for power. Furthermore, the rising demand for power across various end-use sectors is also expected to contribute to the growth of the Indonesia geothermal power market during the forecast period. However, high capital requirements associated with geothermal are expected to restrain the growth of the Indonesia geothermal power market during the forecast period. Nevertheless, favorable government policies and regulations are expected to create lucrative opportunities for vendors in the Indonesia geothermal market.
The key factor driving the growth of the Indonesia geothermal power market is increased demand for clean energy generation to minimize reliability on fossil fuels for power. Furthermore, the rising demand for power across various end-use sectors is also expected to contribute to the growth of the Indonesia geothermal power market during the forecast period. However, high capital requirements associated with geothermal are expected to restrain the growth of the Indonesia geothermal power market during the forecast period.
Market Segmentation
Indonesia geothermal power market has been segmented by power plant type, power output, and end-use. Based on power plant type, the market has been segmented into flash steam plants, dry steam plants, and binary cycle power plants.
Based on power output, the market has been segmented into up to 5 MW and above 5 MW. The above 5 MW segment accounted for the largest share, with 89.41% of the Indonesia geothermal power market, owing to the high demand from industrial and commercial applications.
Based on end-use, the market has been segmented into commercial, residential, and industrial. The industrial segment accounted for the largest share of 44.05% in the Indonesia geothermal power market owing to the rapid industrialization and growing favorable incentives supported by governments in Indonesia
Major Players
PT Pertamina, Sarulla Operations Limited, Enel Green Power S.p.A., Toshiba Energy Systems & Solutions Corporation, BCPG Public Company Limited, PT. Supreme Energy, Berkshire Hathaway Energy, Sumitomo Corporation, Ansaldo Energia S.p.A., Fuji Electric Co., Ltd., Mitsubishi Gas Chemical Company, Chevron Corporation, and others.
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Companies Mentioned
PT Pertamina
Sarulla Operations Limited
Enel Green Power S.p.A.
Toshiba Energy Systems & Solutions Corporation
BCPG Public Company Limited
PT. Supreme Energy
Berkshire Hathaway Energy
Sumitomo Corporation
Ansaldo Energia S.p.A.
Fuji Electric Co. Ltd.
Mitsubishi Gas Chemical Company
Chevron Corporation
and others
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