The estimated revenue of the Indonesian diesel genset market was $339.9 million in 2021, and it is set to grow at a CAGR of 4.5% during 2021−2030, to reach $504.5 million by 2030. It will mainly be due to a growth of the industrial and construction sectors, an increase in the prevalence of power cuts, and boom in the telecom sector. Across the country, gensets are a key necessity for producing electricity for non-stop operations.
In 2021, the largest share in the Indonesian diesel genset market was attributed to the residential sector, where frequent power cuts were the primary reason. Apart from this, the increasing number of residential complexes in the country has contributed significantly to the increase in the demand for diesel gensets in the residential sector. Like most developing countries, Indonesia faces a gross shortage in housing, which is why residential units are being constructed on war footing.
Moreover, it is not only about cities, as telecom operators also are looking to penetrate the rural areas of the country. For getting an uninterrupted power supply and dealing with power outages, these operators make extensive use of diesel gensets. With the rising disposable income of people, the smartphone penetration is rising, thereby driving the setup of telecom towers. In turn, the diesel gensets will be high in demand, and the market can flourish as more rural areas come into the circumference of telecom services.
Get More Insights: Indonesia Diesel Genset Market Revenue Estimation and Growth Forecast Report
Key Indonesian diesel genset market players are actively taking part in launching new and advanced gensets to cater to a wider consumer base. For instance, the launch of the C500D6 (60 Hz) and C550D5 (50 Hz) series DG sets for standby and prime power applications was announced by Cummins Inc. in January 2022. In September 2021, the company also revealed the NEW EC-AGS+ wireless control system for its Onan diesel and gas generator sets in Hershey, Pennsylvania.
Hence, the market will experience high growth due to the constant power outages and growth of the telecom sector.
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