Albany, NY, Aug. 09, 2016 (GLOBE NEWSWIRE) -- The power industry is one of the largest industries globally. It is also one of the most essential industries, as it is impossible for a country to achieve social or economic success without adequate investment in the generation of electricity across the country. Thus, the economic development of a nation is directly related to the power industry of the nation. In 2013, the power generation market in Indonesia had a 44.4 GW generating capacity. Growing at an 8.5% CAGR between 2014 and 2022, this capacity is anticipated to rise to 90.1 GW by 2022.
Due to rising electricity demand, several power projects are being planned in developing nations in Asia Pacific, as these countries continue to expand their capacities for the generation of power. The power generation market in Indonesia, which was valued at US$14.1 bn in 2013, is expected to grow at a staggering 18.7% CAGR between 2014 and 2022. The market’s value is expected to rise to US$63.6 bn by 2022. The rising demand for electricity has also led to the entry of several private companies into the power industry in the last few years.
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The Indonesian government has set targets to increase electrification rates and to reduce greenhouse gas emissions by 2020. In order to support this target, the government has also implemented various laws and legislations for enforcing development of this sector. Investment-friendly policies such as competitive bidding for awarding exploration projects, and exemption from custom and other duties on imported equipment are boosting investments in the sector. Indonesia’s two-phase accelerated development program is anticipated to encourage renewable energy utilization.
The Indonesian government has implemented several new laws and regulations to stimulate renewable energy production in the country. The government has introduced several policy and financial support mechanisms for the promotion of renewable power generation in the country. This includes feed-in-tariffs (FITs) for renewable energy production that help provide moderate return on investments for foreign investors and independent power producers (IPPs) willing to invest in the country’s renewable energy sector.
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The report also provides a detailed industry analysis of the power generation market in Indonesia with the help of Porter’s Five Forces Model. The Porter’s Five Forces analysis aids in understanding the five major forces that affect the industry structure and profitability of the global power generation technology market. The forces analyzed are the bargaining power of buyers, bargaining power of suppliers, threat from new entrants, threat from substitutes, and degree of competition. The Porter’s Five Forces analysis has been provided across the geographies studied in the report.
The report features an in-depth analysis of trends observed in each of the power generation technology segments provided in the report. Various new technologies, which are influencing the market dynamics of each power generation technology, have been identified and highlighted.
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Key participants in the power generation market in Indonesia include Alstom S.A., PT Arutmin Indonesia, Asia Resource Minerals plc, Chevron Indonesia, Hyundai Engineering Co. Ltd., Medco Power Indonesia, Mitsubishi Heavy Industries Ltd., PT Adaro Energy Tbk., PT Bumi Resources Tbk., PT Cirebon Electric Power, PT Geo Dipa Energi, PT Harum Energy Tbk., PT Indonesia Power, PT Jawa Power, PT Pertamina Geothermal Energy, PT PLN, PT Wartsila Indonesia, PT. Pembangkitan Jawa-Bali, Siemens AG, United Coal Indonesia. This report provides an overview of these companies, followed by their financial revenues, business strategies, technical performance analysis, operational standards, and awards and achievements.
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