INDONESIA HIGH VOLTAGE SWITCHGEAR MARKET

Indonesia high voltage switchgear market is estimated to experience robust CAGR in the forecast years fueled by the growing electricity consumption and an increasing commitment to renewable energy.

Major Market Drivers and Emerging Trends

Indonesia high voltage switchgear market size is propelled by the demand for electricity generation with the power supply being vital for economic progress and in eradicating poverty. In 2022, the overall electricity generation in Indonesia reached 376,805 GWh with electricity consumption per person was 1.272 MWh per capita. According to projections from the National Electric Generation Plan, electricity consumption for more than 94 million customers is expected to rise to 445 TWh by 2030. As urbanization and industrialization progress, a reliable electricity supply becomes crucial and significantly hinges on switchgear performance. Thus, the growing electricity demand is boosting the requirement for high-voltage switchgear in the coming years.

The market growth is further fostered by the rising focus on renewable energy initiatives. With the growing emphasis on cleaner energy, substantial renewable energy initiatives are being initiated to address the increasing demand for electricity. These projects usually produce electricity in distant locations away from where it is consumed thereby requiring high-voltage transmission solutions for efficient long-distance power transport. High-voltage switchgear plays a vital role in managing and regulating the electricity flow from the sources into the main grid.

 The country boasts rich natural resources and significant potential for renewables particularly hydro and solar PV. The national electricity strategy aims for 23% renewables within the energy mix in 2025 which will further increase the demand for high voltage switchgear.

The transition to renewable energy sources is increasing the demand for modernizing and expanding the grid. Conventional power grids were built for centralized fossil fuel generation yet incorporating decentralized renewable sources necessitates a more adaptable and intelligent systems. It has resulted in the creation of smart grids that use high-voltage switchgear for more effective electricity control and distribution. Upgrading the grid involves modernizing outdated infrastructure to accommodate various power inputs generated by renewable sources thus ensuring a reliable energy supply. This modernization process relies on high-voltage switchgear to improve grid resilience and allow for safe electricity transmission over significant distances.

Indonesia high voltage switchgear market analysis highlights segmentation based on type into air-insulated and gas-insulated switchgear. AIS growth is attributed to its economical nature and applicability in diverse sectors such as commercial and residential. AIS systems are preferred for their ease of use and safety benefits which makes them a favored option for electrical distribution in urban development.

 GIS also observes significant growth as it is designed as a compact and metal-enclosed system that includes high-voltage components like circuit breakers and disconnectors which make it suitable for safe operation in restricted spaces. Due to its compact design and superior safety features, it is favored for situations where space is tight while reliability is crucial.

In 2018 ABB inaugurated a new manufacturing facility in Indonesia dedicated to high voltage GIS. This facility was built in Tangerang which is just outside Jakarta to address the need for dependable power supply. As ABB’s fourth manufacturing site in Indonesia, this facility is included in a USD 30 million investment strategy. It demonstrates its ongoing dedication to the country and its commitment to supporting the growing electricity demand.

The market can be segmented based on the installation types into indoor and outdoor. Indoor installations type growth is fueled by the growing need for indoor switchgear in residential developments or commercial buildings driven by the necessity for reliable and safe power distribution. It also features benefits such as greater protection against environmental conditions and easier maintenance which further strengthens its market presence.

The outdoor segment is also growing as there is a rising need for outdoor switchgear across industries like power generation and transmission. Outdoor switchgear is built to endure severe environmental conditions and ensure dependable performance in remote locations which makes it ideal for utility-scale applications. The increasing emphasis on modernizing the grid and incorporating renewable energy is boosting the need for outdoor switchgear which provides efficiency and flexibility in handling power distribution within intricate electrical systems.

Top market Players:

Several major players within the market include ABB, Siemens, General Electric, among others.

Segments covered in the Report:

The Indonesia High Voltage Switchgear Market has been segmented on the basis of Type, Voltage and Installation. Based on the type, the market is segmented into air-insulated switchgear (AIS), gas-insulated switchgear (GIS). Based on the Voltage, the market is segmented into 42-150 V, 150-250 kV, above 250 kV. Based on the installation, the market is segmented into indoor, outdoor.

Report Coverage	Details
Market Revenues (2023)	USD Million
Market Base Year	2023
Market Forecast Period	2024-2031
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Voltage, By Installation
Regional Coverage	Indonesia
Companies Profiled	ABB, Schneider Electric., among others; a total of 2 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Indonesia High Voltage Switchgears Market by Type

• • Air-Insulated Switchgear (AIS)
  • Gas-Insulated Switchgear (GIS)

Indonesia High Voltage Switchgears Market by Voltage

• • 42-150 V
  • 150 -250kV
  • Above 250kV

Indonesia High Voltage Switchgears Market by Installation

• • Indoor
  • Outdoor

Indonesia High Voltage Switchgears Market Leading players (Option 1: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • ABB
  • Siemens
  • General Electric