The Indonesia Solar Inverter Market is Projected to Grow at a CAGR of 9.2% During 2018-2024
The solar inverter market in Indonesia remains highly untapped and is still under the initial growth phase. This is attributed to the fact that the country's energy mix is heavily influenced by the coal industry present in the region. However, the solar energy industry in Indonesia is anticipated to witness growth over the coming years owing to government initiatives such as the signing of Paris Climate Agreement by the Indonesian government and launch of programs such as Indonesia Solar Rooftop PV Program (ISPRP). Moreover, upcoming solar projects such as Gorontalo PLTS (10 MW) and Malaya plant (50MW) would further surge the demand for solar inverters in the country during 2018-24.
According to this research, the Indonesia Solar Inverter Market is projected to grow at a CAGR of 9.2% during 2018-2024.
The solar inverter market in Indonesia is relatively volatile due to the cancellation of renewable energy projects across the country as a result of frequent alterations in the policies of the renewable energy sector.
The Indonesian solar inverter market revenues are dominated by the 10kW-100kW power rating segment while the central solar inverter segment dominates the market, by types. This is attributed to the fact that majority of the solar projects are small scale utility projects employing smaller capacity central solar inverters to electrify the sites across Indonesia.
The segment is further anticipated to maintain its dominance during the forecast period on account of upcoming solar energy projects such as PLTS Kuta, Lombok (5MW) and Selong PLTS, Lombok (5MW) solar power plants.
The report thoroughly covers the Indonesia Solar Inverter Market by power rating, by types, by verticals and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers, which would help stakeholders to devise and align market strategies according to the current and future market dynamics.
Key Highlights
- Historical Data of Indonesia Solar Inverter Market Revenues and Volume for the Period 2014-2017
- Market Size & Forecast of Indonesia Solar Inverter Market Revenues and Volume for the Period 2018-2024F
- Historical Data of Indonesia Solar Inverter Market Revenues and Volume by Power rating for the Period 2014-2017
- Market Size & Forecast of Indonesia Solar Inverter Market Revenues and Volume by Power rating for the Period 2018-2024F
- Historical Data of Indonesia Solar Inverter Market Revenues by Types for the Period 2014-2017
- Market Size & Forecast of Indonesia Solar Inverter Market Revenues by Types for the Period 2018-2024F
- Historical Data of Indonesia Solar Inverter Market Revenues by Verticals for the Period 2014-2017
- Market Size & Forecast of Indonesia Solar Inverter Market Revenues by Verticals for the Period 2018-2024F
- Historical Data of Indonesia Solar Inverter Market Revenues by Regions for the Period 2014-2017
- Market Size & Forecast of Indonesia Solar Inverter Market by Regions for the Period 2018-2024F
- Market Drivers and Restraints
- Market Trends and Developments
- Players Market Share
- Company Profiles
- Strategic Recommendations
Markets Covered
By Power Rating
- Below 10kW
- 10kW-100kW
- 100.1kW-1MW
By Type
- Central Inverter
- String Inverter
- Micro Inverter
By Vertical
- Residential
- Commercial & Industrial
- Utility
By Region
- Java
- Papua
- Sumatra
- Sulawesi
- Kalimantan
Table of Contents
1. Executive Summary
Samples
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Companies Mentioned
- Enphase Energy Inc.,
- Fronius International GMBH
- Jiangsu Goodwe Power Supply Technology Ltd.
- KACO new energy GmbH
- PT ABB Sakti Industri
- Schneider Electric SE
- Shenzhen Growatt New Energy Technology Co., Ltd
- SMA Solar Technology AG
- SolaX Power Co., Ltd.,
- Sungrow Power Supply Co., Ltd.
