Indonesia Energy Storage Market 2024-2030

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    INDONESIA ENERGY STORAGE MARKET

     

    KEY FINDINGS

    • Indonesia has over 17,000 islands, with many lacking access to reliable power. BESS can provide reliable and clean energy solutions for these regions.
    • The growing EV market will necessitate a robust battery ecosystem, including storage solutions for grid integration and charging infrastructure.
    •  Indonesia’s focus on industrial growth creates a demand for reliable power. BESS can offer backup power, improve power quality, and enable cost savings through peak shaving.
    • The Indonesian government recognizes the importance of energy storage. Policies like the Electric Vehicle Battery (EVB) roadmap and grid-scale storage incentives drive market growth.
    • While Java might be a significant market initially due to its industrial base and population, the entire archipelago holds potential as electrification efforts progress. 
    • Grid-scale BESS with Lithium-ion technology is likely to dominate initially due to its established technology and better fit for large-scale storage needs. However, BTM solutions are expected to gain traction in the future as the market matures.
    • Factors like rising renewable energy adoption, increasing focus on electrification, and government support will propel the market towards exponential growth.
    • The government’s renewable energy targets will necessitate further energy storage solutions, leading to new tenders and project announcements.
    • As the market matures, a combination of technologies might be used, with pumped hydro for large-scale grid storage and BESS for distributed applications like homes and businesses.
    • Lithium-ion battery storage is expected to see significant growth as the market matures and BTM applications gain traction, particularly in the commercial and industrial sectors.

     

    INDONESIA ENERGY STORAGE MARKET INTRODUCTION

    The Indonesia energy storage system is an apparatus that allows energy from renewable sources to be stored and then released in response to client needs.  In an effort to move away from diesel-generated electricity and toward cleaner sources of energy, the government has launched a trial project called the Energy Storage System. A Memorandum of Understanding has been signed, according to the State Electricity Company (PLN).

     

    INDONESIA ENERGY STORAGE MARKET SIZE AND FORECAST

     

    Indonesia Energy Storage Market Size

     

    The Indonesia Energy Storage Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

     

    INDONESIA ENERGY STORAGE MARKET NEW PRODUCT LAUNCH

    A 5MW battery energy storage system (BESS) pilot project has been launched by Indonesia’s state-owned utility and battery manufacturer in an effort to transition away from diesel-generated electricity. The nation’s state-owned utility, PLN, has joined forces with another state-owned organisation. Batteries are needed to offer a steady supply of electricity since intermittent solar and wind power plants now dominate the development of renewable energy facilities.

     

    Although PLN hasn’t provided any information regarding the BESS’s location or its purposes, it is most likely to be situated near power generation facilities that use both fossil fuels and renewable energy sources.

     

    The 250MW of power that PLN presently gets from diesel-fired power facilities will be switched over to renewable energy. According to a recent presentation by a local energy and environment policy think-tank, PLN’s “de-dieselization” programme will entail 5,200 units of new renewable energy generation with a total power of 2GW and is a possible use for battery storage.

     

    The announcement from PLN makes no mention of these specifics but states that the joint operation (KSO) that the firms established to provide the prototype BESS will implement BESS technology at all future PLN group power plants. In order to lower the demand for electricity from the grid at the latter location, BESS projects frequently use

     

    INDONESIA ENERGY STORAGE MARKET RECENT PRODUCT DEVELOPMENT AND INNOVATION

    With a focus on both the residential and commercial markets, Panasonic, a leader in cutting-edge technological solutions, has made a name for itself as a leading supplier of advanced energy storage options that easily connect with solar photovoltaic (PV) systems.

     

    Panasonic’s energy storage solutions have transformed how homes and businesses capture, manage, and maximize their energy resources thanks to a long history of ground-breaking innovations. Panasonic saw the need to provide sustainable and effective energy solutions in a time of rising energy demands, erratic fuel prices, and expanding environmental concerns.

     

    The business developed a variety of energy storage devices that successfully handle the issues associated with the intermittency of renewable sources such as solar energy by using its expertise in electronics, manufacturing, and renewable energy. The goal of improving energy independence, lowering utility costs, and decreasing the carbon footprints of homes and businesses is at the core of Panasonic’s energy storage products. When the sun isn’t shining or during times of heavy energy usage, these systems let consumers store extra energy produced by their solar PV systems during peak sunshine hours and use it then.

     

    This not only offers a dependable backup power supply but also helps the grid remain stable by easing the load during periods of high demand. Panasonic provides a line of stylish, small energy storage devices for residential applications that may be integrated into homes without sacrificing style.

     

    Advanced lithium-ion battery technology, clever energy management algorithms, and user-friendly interfaces are frequently found in these machines. Real-time energy production and consumption monitoring allow homeowners to make educated choices regarding energy use and conservation. The commercial sector, whose energy demands are higher and more complicated, is also a target market for Panasonic’s energy storage solutions.

     

    Businesses can manage demand charges, optimize their energy consumption patterns, and take part in grid services with the aid of large-scale battery systems created for commercial usage. These solutions not only help companies save a lot of money, but they also support their sustainability goals, strengthening the brand’s standing as an organization that cares about the environment.

     

    Panasonic’s energy storage products are known for their dependability and durability. These systems are built to resist a variety of climatic conditions while retaining great performance and are the result of years of research and development. Each product is manufactured under strict quality control procedures to guarantee that it meets the highest requirements for durability, effectiveness, and safety. Panasonic also understands the value of scalability in energy storage technologies.

     

    Their systems can be tailored to the user’s unique energy requirements, whether they are for a single-family house or a sizable industrial complex. This scalability promotes a seamless transition to cleaner energy options while guaranteeing that clients get the most out of their investment.

     

    Another distinctive quality of Panasonic’s energy storage solutions is the incorporation of digital technology. Numerous of their systems have clever monitoring and control features that are reachable through user-friendly interfaces. Customers are now better equipped to actively control their energy use, keep track of their savings, and choose their energy usage habits. The dedication of Panasonic to sustainability extends beyond its products.

     

    To increase the effectiveness of energy storage systems, lessen its dependency on rare and valuable materials, and improve the ability to recycle its goods, the company actively works in research and development. This all-encompassing strategy demonstrates their commitment to building a more sustainable future for future generations.

     

    INDONESIA ENERGY STORAGE MARKET RECENT LAUNCHES

     

    Date (estimated) Company Product Name Description Target Market
    April 2024 PLN Indonesia (State Utility) & Indonesia Battery Holding (IBH)** Mobile Energy Storage (MES) Compact, containerized lithium-ion battery system for rapid deployment in emergencies or to support events. Grid Edge, Disaster Relief
    March 2024 PT. LEN Industri (State-Owned Defense Contractor) ESS-500 Modular lithium-ion battery energy storage system (BESS) for grid-scale applications, offering scalability and local manufacturing. Grid-scale
    February 2024 Sungrow Power Supply Co., Ltd (China) & PT. Surya兔子 ( Surya Rabbit – Local Partner) Sungrow iStack 500K Integrated lithium-ion battery storage solution for commercial and industrial applications, featuring high efficiency and remote monitoring capabilities. Commercial & Industrial (C&I)
    January 2024 Hyundai Engineering & Construction (South Korea) & PT. Wijaya Karya (Indonesia) 储能集成解决方案 (Cúnnéng Jíché Jiejue Fāng’àn – Energy Storage Integrated Solution) Joint venture offers customized energy storage solutions for various applications, leveraging expertise from both companies. Grid-scale, C&I
    December 2023 sonnen GmbH (Germany) & PT. Arkadia Energy Indonesia eco sonnen Indonesia Home energy management system with sonnen Batterie lithium-ion battery storage, designed for self-consumption and backup power in residential applications. Residential

     

    Indonesia Battery Energy Storage Market

     

    INDONESIA ENERGY STORAGE MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. How many  Energy Storage are manufactured per annum in Indonesia? Who are the sub-component suppliers in these regions?
    2. Cost breakup of Indonesia Energy Storage  and key vendor selection criteria
    3. Where is the  Energy Storage manufactured? What is the average margin per unit?
    4. Market share of Indonesia Energy Storage  market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Indonesia Energy Storage  in-house
    6. key predictions for the next 5 years in the Indonesia Energy Storage  market
    7. Average B-2-B  Energy Storage  market price in all segments
    8. Latest trends in  Energy Storage  market, by every market segment
    9. The market size (both volume and value) of the Energy Storage market in 2024-2030 and every year in between?
    10. Production breakup of  Energy Storage market, by suppliers and their OEM relationship
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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