Report Description

Indonesia Electrical Materials Market was valued at USD 1832.46 million in 2022 and is anticipated to project robust growth through the forecast period, registering a CAGR of 13.02% through 2031. Electrical materials are essential parts and components required in any building projects in order to connect residential, commercial, and industrial structures to an electrical power source. Electrical components can range in size from a household circuit to a large industrial facility. These materials should have as little electrical conductivity as possible. They are used to make conductors for all kinds of windings found in electrical gear, apparatus, and devices in addition to being used for the transmission and distribution of electrical energy.

Growth of Construction Infrastructure

The need for electrical materials is growing as Indonesia's infrastructure development is growing. The development of infrastructure for several building projects, including the new capital city in Borneo and the F1H2O facilities at Lake Toba, necessitates the usage of different electrical materials, such as switches, plugs & sockets, circuit breakers, etc. In addition, the Indonesian government has been promoting fresh reforms and laws in an effort to stimulate the economy through the development of various infrastructure. According to Indonesia's 2022 budget, the Indonesian government has  allocated more than USD 26 billion for the expansion of infrastructure, including building six new airports, more than 6,000 kilometres of rail lines, and an irrigation system covering more than 100,000 hectares. Moreover, the expansion of setup facilities and installations has allowed the service provider to expand production and launch new electrical materials goods in the market. As a result, the market for electrical materials in Indonesia is seeing strong growth due to the expansion of the building infrastructure.

Bolstering Growth of Electric Vehicles

Indonesia is essential to the country's efforts to electrify its transportation. Indonesia, the largest economy in Southeast Asia, is gradually becoming known as a leading manufacturer of electric vehicles (EVs). 13 million electric motorcycles and 2.2 million electric cars are expected to be produced by 2030. This acceleration of growth will make it easier for suppliers of electrical materials to satisfy demand for items such as switches, power plugs, cable ducts, and so on. Furthermore, the nation is dedicated toward playing a key role and developing into a crucial component of the supply chain for the world's battery production since it is home to 22% of the world's plentiful nickel deposits. Moreover, the development of EV charging infrastructure and numerous government subsidies, tax breaks, and incentives, as well as national agendas such as the National Medium-Term Plan (RPJMN) 2020-2024 and the National Masterplan for Industry (RIPIN) 2015-2035, are supporting both the suppliers and consumers of EV goods as well as the production of electric raw materials. Therefore, the growth of electric vehicles is driving the Indonesia Electrical Materials market.

Growth in Renewable Energy & Infrastructure

Although Indonesia is the world's fourth-largest producer of coal and the world's top exporter of the fuel, the government has been supporting renewable energy to lessen its reliance on fossil fuels. In Indonesia, there is a growing need for and potential for renewable energy. Moreover, as Indonesia accounts for 40% of the region's energy consumption, the country's demand for energy is predicted to increase by 80% by 2030, which is the highest pace of growth in the world. Moreover, Indonesia has a lot of potential for renewable energy sources including geothermal, solar, wind, hydropower facilities, biomass, and more. By 2025, the Indonesian government intends to use renewable energy sources to meet 23% of its domestic energy needs. This goal was set in order to minimize greenhouse gas (GHG) emissions and reach carbon neutrality by the year 2060. The National Grand Energy Strategy (GSEB), the PLN Electricity Development Plan, and other government initiatives have helped to build new on-grid NRE capacity. These initiatives, combined with an increase in the setup facilities and installations of renewable energy infrastructure, have also allowed the service provider to increase the production of electrical material. Hence, the growth in renewable energy & infrastructure is offering robust opportunities in the Indonesia electrical materials market.

Recent Developments:

  • According to Indonesia's 2022 budget, the Indonesian government has allocated more than USD 26 billion for the expansion of infrastructure, including building six new airports, more than 6,000 kilometers of train lines, and an irrigation system covering more than 100,000 hectares.
  • The Indonesian government stated in February 2023 that in the coming years planned to establish rooftop solar power plants (PLTS) and solar public street lighting infrastructure (PJU-TS) for homes and government buildings in southwest Papua region to maximize the usage of renewable energy sources.

Indonesia government rising policies & regulations:

The government is implementing several strategies under "Making Indonesia 4.0" and "Make in Indonesia" programs to promote and support the development of domestic enterprises and increase the export of electrical and electronic products in the industry in an effort to strengthen the nation's domestic SMEs. Also, the Indonesian government has approved a number of legislative initiatives to draw in more than USD 50 billion in foreign investments over the course of a decade through the Special Economic Zones (SEZ) incentive package.

Challenges: Lack of Skilled Workforce

The high attrition rate of skilled professionals in most manufacturing industries is one of the biggest issues that businesses in Indonesia's electrical materials market must deal with. An essential role in Indonesia's economic system is played by the electrical and electronics (E&E) sector. In addition, with 136 million employees, Indonesia has the biggest work force in ASEAN, and only 55 million of them are skilled. The Master Plan for the Acceleration and Expansion of Economic Development in Indonesia (MP3EI) estimates that by 2030, Indonesia would need 113 million competent workers to keep the economy in balance. In Indonesia, approximately 41% of the work force has finished basic education, showing a severe shortage of skills that is impeding economic progress. In addition, the informal sector employs the majority of the workforce in the nation. As a result, a lot of programs for vocational training do not fill market gaps in industry demands. In spite of this, there are still extremely few skilled workers in the sector. Hence, the lack of skilled workforce is anticipated to obstruct the growth of the electrical materials market in Indonesia.


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Market Segmentation

The Indonesia Electrical Materials market is divided into type and end user.  Based on type, the market is divided into circuit breakers, light switches, plugs & sockets, voltage switcher, cable management, cable duct, electrical conduit, and others. Based on end user, the market is further segmented into industrial, commercial, and domestic. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Java, Sumatra, Kalimantan, Bali, and Rest of Indonesia.

Company Profiles

PT Trias Indra Saputra, PT. Legrand Indonesia, Hubbell Indonesia, P.T. Siemens Indonesia, PT Schneider Electric Indonesia, PT Mitsubishi Electric Indonesia, PT Simon Elektrik Indonesia, Pt. Broco Mutiara Electrical Industry, PT. Powertek Indo Asia, and Jeko Elektrik Indonesia are among the major players that are driving the growth of the Indonesia Electrical Materials market.

Attribute

Details

Market Size Value in 2022

USD 1832.46 million

Revenue Forecast in 2031

USD 5354.07 million

Growth Rate

13.02%

Market Size Volume in 2022

422.23 million units

Volume Forecast in 2031

908.08 million units

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2031

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2023E-2028F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

Type

End User

Regional Scope

Java, Sumatra, Kalimantan, Bali, Rest of Indonesia

Key Companies Profiled

PT Trias Indra Saputra, PT. Legrand Indonesia, Hubbell Indonesia, P.T. Siemens Indonesia, PT Schneider Electric Indonesia, PT Mitsubishi Electric Indonesia, PT Simon Elektrik Indonesia, Pt. Broco Mutiara Electrical Industry, PT. Powertek Indo Asia, Jeko Elektrik Indonesia

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail of customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, the Indonesia Electrical Materials Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Indonesia Electricals Materials Market, By Type:
    • Circuit Breakers
    • Light Switches
    • Plugs & Sockets
    • Voltage Switcher
    • Cable Management
    • Cable Duct
    • Electrical Conduit
    • Others
  • Indonesia Electricals Materials Market, By End User:
    • Industrial
    • Commercial
    • Domestic
  • Indonesia Electrical Materials Market, By Region:
    • Java
    • Sumatra
    • Kalimantan
    • Bali
    • Rest of Indonesia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Indonesia Electrical Materials market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.          Markets Covered

1.2.2.          Years Considered for Study

1.2.3.          Key Market Segmentations

1.3.  Product Definition

1.3.1.          By Type

1.3.2.          By End User

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.2.1.          Methodology Followed for Calculation of Market Size

2.2.2.          Methodology Followed for Calculation of Market Share

2.2.3.          Methodology Followed for Forecasting

2.3.  Partial List of Companies Interviewed

2.4.  Partial List of Secondary Sources

3.    Executive Summary

4.    Impact of Covid-19 on Indonesia Electrical Materials Market

5.    Voice of Customer

5.1.  Brand Awareness

5.2.  Factors Considered for Selecting Manufacturer

5.3.  Key Satisfaction Level

5.4.  Current Need Gaps

6.    Indonesia Electrical Materials Market Outlook

6.1.  Market Size & Forecast

6.1.1.          By Value & Volume

6.2.  Market Share & Forecast

6.2.1.          By Type (Circuit Breakers, Light Switches, Plugs & Sockets, Voltage Switcher, Cable Management, Cable Duct, Electrical Conduit, Others)

6.2.2.          By End User (Industrial, Commercial, Domestic)

6.2.3.          By Region (Java, Sumatra, Kalimantan, Bali, Rest of Indonesia)

6.2.4.          By Company (2022)

6.3.  Pricing Analysis

6.4.  Product Market Map

6.4.1.          By Type

6.4.2.          By End User

6.4.3.          By Region

7.    Java Electrical Materials Market Outlook

7.1.  Market Size & Forecast

7.1.1.          By Value & Volume

7.2.  Market Share & Forecast

7.2.1.          By Type

7.2.2.          By End User

8.    Sumatra Electrical Materials Market Outlook

8.1.  Market Size & Forecast

8.1.1.          By Value & Volume

8.2.  Market Share & Forecast

8.2.1.          By Type

8.2.2.          By End User

9.    Kalimantan Electrical Materials Market Outlook

9.1.  Market Size & Forecast

9.1.1.          By Value & Volume

9.2.  Market Share & Forecast

9.2.1.          By Type

9.2.2.          By End User

10. Bali Electrical Materials Market Outlook

10.1.             Market Size & Forecast

10.1.1.        By Value & Volume

10.2.             Market Share & Forecast

10.2.1.        By Type

10.2.2.        By End User

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Market Trends and Developments

13. Policy and Regulatory Landscape

14. Impact of Capital Relocation on Indonesia Electrical Materials Market

15. Indonesia Economic Profile

16. Company Profiles

16.1.             PT Trias Indra Saputra

16.1.1.        Business Overview

16.1.2.        Key Financials & Revenue

16.1.3.        Key Products

16.1.4.        Key Personnel/Contact Person

16.1.5.        Headquarters Address

16.2.             PT. Legrand Indonesia

16.2.1.        Business Overview

16.2.2.        Key Financials & Revenue

16.2.3.        Key Products

16.2.4.        Key Personnel/Contact Person

16.2.5.        Headquarters Address

16.3.             Hubbell Indonesia

16.3.1.        Business Overview

16.3.2.        Key Financials & Revenue

16.3.3.        Key Products

16.3.4.        Key Personnel/Contact Person

16.3.5.        Headquarters Address

16.4.             P.T. Siemens Indonesia

16.4.1.        Business Overview

16.4.2.        Key Financials & Revenue

16.4.3.        Key Products

16.4.4.        Key Personnel/Contact Person

16.4.5.        Headquarters Address

16.5.             PT Schneider Electric Indonesia

16.5.1.        Business Overview

16.5.2.        Key Financials & Revenue

16.5.3.        Key Products

16.5.4.        Key Personnel/Contact Person

16.5.5.        Headquarters Address

16.6.             PT Mitsubishi Electric Indonesia

16.6.1.        Business Overview

16.6.2.        Key Financials & Revenue

16.6.3.        Key Products

16.6.4.        Key Personnel/Contact Person

16.6.5.        Headquarters Address

16.7.             PT Simon Elektrik Indonesia

16.7.1.        Business Overview

16.7.2.        Key Financials & Revenue

16.7.3.        Key Products

16.7.4.        Key Personnel/Contact Person

16.7.5.        Headquarters Address

16.8.             Pt. Broco Mutiara Electrical Industry

16.8.1.        Business Overview

16.8.2.        Key Financials & Revenue

16.8.3.        Key Products

16.8.4.        Key Personnel/Contact Person

16.8.5.        Headquarters Address

16.9.             PT. Powertek Indo Asia

16.9.1.        Business Overview

16.9.2.        Key Financials & Revenue

16.9.3.        Key Products

16.9.4.        Key Personnel/Contact Person

16.9.5.        Headquarters Address

16.10.          Jeko Elektrik Indonesia

16.10.1.     Business Overview

16.10.2.     Key Financials & Revenue

16.10.3.     Key Products

16.10.4.     Key Personnel/Contact Person

16.10.5.     Headquarters Address

17. Strategic Recommendations

18.  About Us & Disclaimer

Figures and Tables

List of Figures:

Figure 1: Indonesia Electrical Materials Market Size, By Value (USD Million) & Volume (Million Units), 2018-2031F

Figure 2: Indonesia Electrical Materials Market Share, By Type, By Value, 2018-2031F

Figure 3: Indonesia Electrical Materials Market Share, By End User, By Value, 2018-2031F

Figure 4: Indonesia Electrical Materials Market Share, By Region, By Value, 2018-2031F

Figure 5: Indonesia Electrical Materials Market Share, By Company, By Value, 2022

Figure 6: Indonesia Electrical Materials Market Map, By Type, Market Size (USD Million) & Growth Rate (%)

Figure 7: Indonesia Electrical Materials Market Map, By End User, Market Size (USD Million) & Growth Rate (%)

Figure 8: Indonesia Electrical Materials Market Map, By Region, Market Size (USD Million) & Growth Rate (%)

Figure 9: Java Electrical Materials Market Size, By Value (USD Million) & Volume (Million Units), 2018-2031F

Figure 10: Java Electrical Materials Market Share, By Type, By Value, 2018-2031F

Figure 11: Java Electrical Materials Market Share, By End User, By Value, 2018-2031F

Figure 12: Sumatra Electrical Materials Market Size, By Value (USD Million) & Volume (Million Units), 2018-2031F

Figure 13: Sumatra Electrical Materials Market Share, By Type, By Value, 2018-2031F

Figure 14: Sumatra Electrical Materials Market Share, By End User, By Value, 2018-2031F

Figure 15: Kalimantan Electrical Materials Market Size, By Value (USD Million) & Volume (Million Units), 2018-2031F

Figure 16: Kalimantan Electrical Materials Market Share, By Type, By Value, 2018-2031F

Figure 17: Kalimantan Electrical Materials Market Share, By End User, By Value, 2018-2031F

Figure 18: Bali Electrical Materials Market Size, By Value (USD Million) & Volume (Million Units), 2018-2031F

Figure 19: Bali Electrical Materials Market Share, By Type, By Value, 2018-2031F

Figure 20: Bali Electrical Materials Market Share, By End User, By Value, 2018-2031F

Frequently asked questions

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The market size of the Indonesia Electrical Materials market was estimated to be USD 1832.46 million in 2022.

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Industrial segment dominated the Indonesia Electrical Materials market, accounting for a market share of 37.20% in 2022. The industrial sector is the sector that currently contributes most to Indonesia's annual GDP growth and the expansion of the manufacturing sector continues to increase. Moreover, the several manufacturing sector performances are getting better such as GDP, investment realization, export achievements, labor absorption and the manufacturing Purchasing Manager's Index (PMI).

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Java dominates the Indonesia Electrical Materials market and accounted for a market share of 57.28% in 2022 as it is one of Indonesia’s main manufacturing hubs. As in the Java region, companies such as Cityscape construction are signing a cooperation agreement with Margahayuland Group for a new residential development project. In addition, two mixed-use projects in the center of Bandung City, one mixed-use project in the transportation-hub city of Tangerang, and modern residential housing in the rural city of Cianjur in West Java requires enormous electrical materials in the Java region.

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Growing construction activities and increasing demand for electric vehicles are the major drivers of the Indonesia Electrical Materials market.

profile

Parvati Sharma

Account Manager BD
Press Release

Indonesia Electrical Materials Market to Register a CAGR of 13.02% during the forecast period, 2024-2031

Apr, 2023

Growing construction activities and increasing demand for electric vehicles are driving the Indonesia Electrical Materials market across the country.