Indonesia Electric Motors Market is expected to grow at a robust CAGR
Indonesia Electric Motors
Market is expected to grow owing to industries expanding and modernizing which
requires electric motors for various applications, including manufacturing and
automation throughout the forecast period.
According to TechSci
Research report, “Indonesia Electric
Motors Market – By Region, Competition,
Forecast and Opportunities, 2018-2028”, the Indonesia Electric
Motors Market is expected to register robust growth during the forecast period. Increasing awareness of
energy efficiency and environmental sustainability has led to a growing demand
for high-efficiency electric motors. Businesses and industries seek to reduce
energy consumption and operating costs by adopting energy-efficient motors. With
a growing focus on energy efficiency and environmental sustainability, there is
a substantial opportunity for high-efficiency electric motors. These motors
help businesses reduce energy consumption and operating costs, aligning with
global efforts to reduce carbon emissions. Manufacturers that offer
energy-efficient electric motors can capitalize on this trend.
Based on motor type, the DC Motor segment is expected to
dominate the market during the forecast period. Government policies and
regulations that promote energy efficiency and environmental sustainability
often encourage the use of efficient electric motors, including DC motors.
Incentives and standards set by the government can drive the adoption of energy-efficient
DC motors. Advances in DC motor technology, such as the development of
brushless DC (BLDC) motors, have made these motors more reliable and
energy-efficient. BLDC motors, in particular, have found applications in
various industries, and their adoption is likely to continue. DC motors can be
customized to meet specific industrial and commercial needs. Manufacturers that
offer customization services are well-positioned to address the unique
requirements of their customers, thereby gaining a competitive advantage. Many
industries in Indonesia are exploring options to retrofit existing systems with
energy-efficient components, including DC motors. This trend can create
opportunities for companies that specialize in upgrading older equipment with
more efficient motors. Indonesian DC motor manufacturers can explore export
opportunities in regional markets, given their strategic location in Southeast
Asia. Expanding to neighboring countries can be a growth avenue for the DC
motor segment. Energy efficiency, government initiatives, technological
advancements, and customization capabilities are likely to influence the growth
of this segment.
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Based on application, the Industrial
segment is projected to dominate the market throughout the forecast period. The
mining and mineral processing industry in Indonesia relies on electric motors
for equipment such as crushers, conveyor belts, and pumps. As the demand for
minerals and natural resources continues, the mining industry's need for robust
and efficient electric motors remains strong. Government policies and
regulations that promote energy efficiency and environmental sustainability are
important drivers for the industrial segment. Incentives and standards set by
the government encourage the use of energy-efficient electric motors in various
industrial applications. Infrastructure projects, including construction and
transportation, require a wide range of electric motors for equipment used in
these sectors. As Indonesia invests in infrastructure development, it generates
demand for motors used in construction equipment and transportation systems.
Electric motors play a crucial role in the maritime and shipping industry,
powering various systems on ships and vessels. The International Maritime
Organization's (IMO) regulations on reducing emissions from ships drive the
adoption of more efficient electric motors in this segment. Industrial users
place a premium on the reliability and maintenance requirements of electric
motors. Manufacturers that offer motors with longer lifespans and reduced
maintenance needs are positioned favorably in the industrial market. As
industries in Indonesia continue to modernize and emphasize sustainability, the
demand for electric motors tailored to their specific needs is expected to
increase.
Key market players in the
Indonesia Electric Motors Market are:-
- PT ABB Sakti Industri
- PT Siemens Indonesia
- PT WEG Industries
- PT Teco Electric &
Machinery
- PT TMEIC Industrial Systems
Indonesia
- PT Menara Sinar Agung
- PT Dynatech International
- PT Lautan Luas Tbk
- PT Bhumi Raya Electric
- PT Surya Timur Sakti Jaya
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“The Indonesia Electric
Motors Market in Java is poised to be the dominant force in the industry. The
Indonesian government's energy efficiency and sustainability initiatives have a
direct impact on the Electric Motors Market in Java. Government policies and
regulations that promote energy-efficient technologies and environmental
sustainability encourage the adoption of efficient electric motors in
industrial and commercial applications.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“Indonesia Electric
Motors Market Segmented By Motor Type (AC Motor and DC Motor), By Output Power
(Integral Horsepower and Output & Fractional Horsepower), By Application
(Industrial, HVAC, Medical Equipment, Industrial Machinery, Home Appliances and
Others), By Voltage Rating (Low Voltage (Up to 690V), Medium Voltage (691V -
3300V) and High Voltage (Above 3300V)), By Region, and By Competition,
2018-2028,”
has evaluated the future
growth potential of Indonesia Electric Motors 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 Electric Motors Market.
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