Indonesia Diesel Generator Set Market Growth Analysis, Opportunities, Trends, Development and Demand Forecast to 2030

The estimated revenue of the Indonesian diesel genset market was $339.9 million in 2021, and it is set to grow at a CAGR of 4.5% during 2021-2030, to reach $504.5 million by 2030. It will mainly be due to a growth of the industrial and construction sectors, an increase in the prevalence of power cuts, and boom in the telecom sector. Across the country, gensets are a key necessity for producing electricity for non-stop operations.

In 2021, the largest share in the Indonesian diesel genset market was attributed to the residential sector, where frequent power cuts were the primary reason. Apart from this, the increasing number of residential complexes in the country has contributed significantly to the increase in the demand for diesel gensets in the residential sector. Like most developing countries, Indonesia faces a gross shortage in housing, which is why residential units are being constructed on war footing.

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In terms of revenue, it is expected that the Indonesian diesel genset market for above-750kVA diesel gensets will progress with more than 5% CAGR during the forecast period. This has a lot to do with the increasing demand for heavy-duty applications in major industries, such as oil & gas, mining, manufacturing, and construction. This is the reason KOHLER Co. has presented the KOHLER eFRAME industrial generator inserts for data centers.

The Government of Indonesia has done a lot to speed up the process of 5G deployment, thus giving a boost to the telecom industry. Furthermore, as per the stats of the World Bank, 319.43 million people in Indonesia had mobile cellular subscriptions in 2018, and this surged to 355.74 million in 2020. By 2025, Indonesia is likely to be the largest digital economy in Southeast Asia, with a total transaction value of $130 billion. A sharp growth is seen in the e-commerce transactions in the country, thereby contributing to Indonesian diesel genset market growth.

Moreover, it is not only about cities, as telecom operators also are looking to penetrate the rural areas of the country. For getting an uninterrupted power supply and dealing with power outages, these operators make extensive use of diesel gensets. With the rising disposable income of people, the smartphone penetration is rising, thereby driving the setup of telecom towers. In turn, the diesel gensets will be high in demand, and the market can flourish as more rural areas come into the circumference of telecom services.

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Key Indonesian diesel genset market players are actively taking part in launching new and advanced gensets to cater to a wider consumer base. For instance, the launch of the C500D6 (60 Hz) and C550D5 (50 Hz) series DG sets for standby and prime power applications was announced by Cummins Inc. in January 2022. In September 2021, the company also revealed the NEW EC-AGS+ wireless control system for its Onan diesel and gas generator sets in Hershey, Pennsylvania.

Hence, the market will experience high growth due to the constant power outages and growth of the telecom sector.

Browse more reports:

Nigeria Diesel Genset Industry - https://www.psmarketresearch.com/market-analysis/nigeria-diesel-genset-market

India Diesel Genset Industry - https://www.psmarketresearch.com/market-analysis/india-diesel-genset-market

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This release was published on openPR.