Indonesia Energy as a Service Market to Witness Significant Growth During Forecast Period
Rising energy consumption
and price volatility is expected to drive the growth of Indonesia energy as a
service market
According to
TechSci Research report, “Indonesia Energy as a Service
Market By Service Type, By End Use, By Region,
Competition, Forecast & Opportunities, 2025”, the Indonesia energy as a service market is expected to
grow at a steady rate during the forecast years owing to the increasing
distributed energy resources, availability of tax benefits for energy
efficiency projects, among others. Additionally, decarbonization of global
economy and transformation of transportation sector through electrification
such as introduction of electric vehicles, increased focus on sustainable
energy, among others are further expected to spur the market through 2025.
However, high deployment cost involved in transforming existing grid
infrastructure can hamper the growth of market during forecast years. Moreover,
lack of high level of expertise is further expected to restrict the growth of
market during forecast period.
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The Indonesia energy as a service market
is segmented based on service type, end use, company and regional distribution.
Based on service type, the market can be categorized into power generation
services, energy efficiency and optimization services and operational and
maintenance services. The power generation services segment is expected to
dominate the market during the next five years. This can be accredited to the
increase in offerings from power supply sector that includes distributed energy
generation solutions such as solar PV, diesel and natural gas gensets,
microturbines and fuel cells to improve energy supply. While, the energy efficiency
and optimization services is expected to witness significant growth during the
forecast period owing to its inherent benefits such as improved energy
efficiency and speed.
Schneider Electric Indonesia PT,
ENGIE Indonesia, PT. Siemens Indonesia, Honeywell Indonesia PT, SGS Indonesia and
others are some of the leading players operating in Indonesia energy as a
service market. The companies are developing advanced technologies and
launching new services in order to stay competitive in the market.
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“Indonesia energy
as a service market is expected to witness significant growth during the
forecast period owing to the increasing implementation of energy efficient
projects and supportive government policies. Additionally, increasing demand
from power and oil & gas industry is expected to drive the market in the
country. Moreover, presence of key players such as Schneider
Electric, Engie, Siemens AG, among others in the country is further anticipated
to propel the market during forecast years.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Indonesia Energy as a Service Market By
Service Type, By End Use, By Region, Competition, Forecast & Opportunities,
2025” has evaluated the future growth
potential of Indonesia energy as a service market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities in Indonesia energy as a service market.
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