Indonesia Power Transformers Market

Indonesia Power Transformers Market Overview

Power transformer refers to the static machine that is used for transforming the power from one circuit to another without the need to change the frequency. These transformers are generally used for stepping up and stepping down the voltage at the electrical power generating station and distribution station, respectively. The power transformers are designed either as a single-phase or three-phased configuration. They are often used in different types of electronic circuits and are increasingly applied for the transmission and distribution of electrical power.

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Major Indonesia Power Transformers Market Drivers

The Indonesia power transformer market is projected to grow at a higher rate during the forecast period from 2020 till 2027. The continuous expansion of the infrastructure sector, followed by the establishment of the manufacturing sector and the improving electrification in Indonesia, are the significant factors that are contributing to the growth of the market in the coming years. Indonesia is one of the most densely populated countries in the South East Asia region. The Eastern part of Indonesia, including Sulawesi, Kalimantan, and Papua, are experiencing strong demand for power transformers due to the development of power plants and substation in these regions. However, the western region of the country, such as Java and Bali, have 99% electrification, which will decrease the demand for power transformers in these regions.

The government of Indonesia has introduced various initiatives and programs to meet the growing demand for electricity in the country. The government’s 35GW program and various other initiatives are directly energizing the demand for power transformers in specific regions of the country. PLN, an Indonesian government-owned corporation, built 4,616 kms of additional transmission lines and 16,210 MVA of sub-station transformer capacity. This factor has created new growth opportunities for the market in the coming years. Moreover, as per RUPTL, the total electricity demand of the country will touch 443 terawatt-hours (TWh) from 78.4 million customers, and the electrification rate will be anticipated to reach 99.4% by the end of 2027. This will attract a new end-user base towards the market.

Restraint in the Indonesia Power Transformers Market

On the other edge of the spectrum, the regular fluctuations in the supply of raw material and costs are likely to hinder the growth of the market.

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Rating- Segment Analysis

On the basis of Rating, the medium power transformers segment is predicted to dominate the market over the forecast period. The medium power transformer provides numerous remarkable benefits, such as it is compact in size and required less installation cost, which are the two major factors that are driving the growth of the segment. These factors are increasing the adoption of power transformers in electric power, healthcare, and oil & gas sector is further boosting the segment growth. Furthermore, the increasing deployment of this type of power transformer at generating stations and electrical substations, particularly for converting electrical power to high voltages for transmission, will further enhance the growth of the segment.

Cooling Type – Segment Analysis

Based on the Cooling Type, the air-cooled power transformer segment is expected to grow at a higher CAGR during the forecast period over the next six years. The air-cooled transformer is gaining appreciable market penetration owing to the safe and reliable operation feature and flexible product applications. Additionally, the growing requirement to avoid combustibility and conduct environment friendly operations is further motivating the end-users towards the adoption of air-cooled power transformers. They enable complete integration of substation equipment with resultant space and helps in saving cost.

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Key Developments:

• • In 2018, Siemens and PT Trafoindo Prima Perkasa entered into a joint venture with an aim to manufacture power transformers. The production is located at Trafoindo Premises in Tangerang, Jakarta, Indonesia. The JV will help the companies to enter into the dynamic market and supply their innovative transformer technologies to the country.

Segments covered in the Report:

The Indonesia power transformers market has been segmented on the basis of rating and cooling method. Based on rating, the market is segmented small power transformer, medium power transformer, large power transformer. Based on cooling method, the market is segmented into oil-cooled and air-cooled. 

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Market Segmentation

Indonesia Power Transformers Market by Rating

• • Small Power Transformer (Up to 60MVA)
  • Medium Power Transformer (61 – 600MVA)
  • Large Power Transformer (Above 600MVA)

Indonesia Power Transformers Market by Cooling Method

• • Oil-Cooled
  • Air-Cooled