Indonesia Solar Energy Market is Projected to Grow at a CAGR of 12.5% from 2025-2033 | IMARC Group

Indonesia Solar Energy Market Overview

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

The Indonesia Solar Energy Market is experiencing rapid growth, driven by government initiatives, increasing energy demand, and a push for renewable energy adoption. According to the latest report by IMARC Group, Indonesia solar energy market size reached 532.4 GWh in 2024. Looking forward, IMARC Group expects the market to reach 1,690.7 GWh by 2033, exhibiting a growth rate (CAGR) of 12.5% during 2025-2033.

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Indonesia Solar Energy Industry Trends and Drivers:

Indonesia is shifting toward renewable energy, with solar power as a key focus. The country enjoys abundant sunlight all year, making solar energy a great option to meet rising energy needs. Government initiatives, like the National Energy Policy and the RUPTL (Electricity Supply Business Plan), set ambitious goals for renewable energy. They aim for a 23% share of renewables in the energy mix by 2025. Lower costs for solar photovoltaic (PV) technology and more private investments are speeding up solar project deployment across the archipelago. Rural electrification programs also use solar energy to power remote areas, cutting fossil fuel dependence and improving energy access for underserved communities.

Yet, challenges remain. Regulatory hurdles, land acquisition issues, and grid infrastructure limitations still exist. Innovative financing models, such as green bonds and public-private partnerships, help address these obstacles. International support from organizations like the Asian Development Bank and World Bank backs Indonesia's solar energy goals. Increasing awareness of climate change and the need for sustainable energy solutions is boosting interest in solar from both consumers and corporations. With supportive policies, tech advancements, and growing environmental awareness, Indonesia is ready to become a key player in the global solar energy market.

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Indonesia Solar Energy Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Technology:

●Solar Photovoltaic (PV)
●Concentrated Solar Power (CSP)

Breakup by Application:

●On-grid
●Off-grid

Breakup by Region:

●Java
●Sumatra
●Kalimantan
●Sulawesi
●Others

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have been provided. Some of the major market players in the Indonesia solar energy industry include PT. Solardex Energy Indonesia, PT. Sumber Energi Sukses Makmur, PT. Sumber Energi Surya Nusantara, SUN Energy, Trina Solar Co. Ltd., among many others.

●PT. Solardex Energy Indonesia
●PT. Sumber Energi Sukses Makmur
●PT. Sumber Energi Surya Nusantara
●SUN Energy, Trina Solar Co. Ltd.

Key highlights of the Report:

●Market Performance (2019-2024)
●Market Outlook (2025-2033)
●COVID-19 Impact on the Market
●Porter's Five Forces Analysis
●Strategic Recommendations
●Historical, Current and Future Market Trends
●Market Drivers and Success Factors
●SWOT Analysis
●Structure of the Market
●Value Chain Analysis
●Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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This release was published on openPR.