Press release
Indonesia Power Generation Market to Grow at 8.5% CAGR Through 2022
MRRSE
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The targets set by the Indonesian government to increase the country’s electrification rates and to reduce greenhouse gas emissions by 2020 are expected to stimulate the country’s Indonesia power generation market’s growth at a CAGR of 8.5% between 2014 and 2022, rising from 44.4 GW in 2013 to 90.1 GW by 2022 in terms of capacity, states a recent report that is now available on Market Research Reports Search Engine (MRRSE).
The power industry is one of the largest industries globally. It is also one of the most essential industries, as it is impossible for a country to achieve social or economic success without adequate investment in the generation of electricity across the country. Thus, the economic development of a nation is directly related to the power industry of the nation. In 2013, the power generation market in Indonesia had a 44.4 GW generating capacity. Growing at an 8.5% CAGR between 2014 and 2022, this capacity is anticipated to rise to 90.1 GW by 2022.
Due to rising electricity demand, several power projects are being planned in developing nations in Asia Pacific, as these countries continue to expand their capacities for the generation of power. The power generation market in Indonesia, which was valued at US$14.1 bn in 2013, is expected to grow at a staggering 18.7% CAGR between 2014 and 2022. The market’s value is expected to rise to US$63.6 bn by 2022. The rising demand for electricity has also led to the entry of several private companies into the power industry in the last few years. This has increased the competition in the power generation market and has further improved the efficiency of electricity production.
For more information about this report visit: https://www.mrrse.com/indonesia-power-generation-market
The report segments the power generation market on the basis of technology into coal-fired, oil-fired, geothermal, natural-gas-fired, hydro power, and combined cycle power generation. According to the report, coal is the primary source of power generation in the Asia Pacific, accounting for 58.9% of the total installations in 2013.
Key companies profiled in the report, which are leading the power generation market in Indonesia, are: PT Indonesia Power, PT PLN Persero, PT Pembangkitan Jawa Bali, PT Jawa Power, PT Pertamina Geothermal Energy, Alstom, Asia Resource Minerals plc, PT Arutmin Indonesia, Chevron Indonesia, Medco Power Indonesia, Hyundai Engineering Co. Ltd., Mitsubishi Heavy Industries Ltd., PT Bumi Resources Tbk., PT Adaro Energy Tbk., PT Cirebon Electric Power, PT Harum Energy Tbk., PT Geo Dipa Energi, PT Wartsila Indonesia, United Coal Indonesia, and Siemens AG.
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Market Research Reports Search Engine (MRRSE) is an industry-leading database of market intelligence reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.
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