Indonesia electric vehicle charging equipment market

Dublin, 06 July 2022 (GLOBE NEWSWIRE) — The “Indonesia Electric Vehicle Charging Equipment Market Outlook to 2026: Driven by Influx of Foreign Investment Coupled with Growing Focus on Emissions Control” report has been added to from offer.

Electric vehicle charging equipment market revenue grew at a CAGR of 499% from 2017 to 2021, with a growth rate of 901% in 2020 vs. 2019 and 180% in 2021 vs. 2020 and charging equipment revenues are expected to grow at a CAGR of 44% from 2022 to 2026.

Overview of the electric vehicle industry in Indonesia
Indonesia is the fourth largest country in the world, with a population of nearly 250 million. With rapid economic growth and rapid urbanization in Indonesia, more people are expected to acquire a personal vehicle for mobility. The transport sector is one of the largest contributors to CO2 emissions in Indonesia, after the industrial sector.

In 2019, the Presidential Regulation number 55 of the year 2019 concerning the acceleration program of battery electric vehicles for road transport was promulgated. This regulation acts as a legal framework for the development of electric vehicles in Indonesia and creates a domino effect for several ministries to initiate electric vehicle (EV) projects in Indonesia. Sales of battery electric vehicles grew at a CAGR of 719% in 2017 and 2021.

Overview of the Electric Vehicle Charging Equipment Industry in Indonesia
With the rapid economic growth of 5% in 2019, which is expected to rebound in 2022 after the COVID-19 pandemic, and the high rate of urbanization, the need for convenient mobility is expected to increase. In June 2021, the Minister of Energy and Mineral Resources spoke of an ambitious national target requiring that only electric motorcycles be sold from 2040 and that all vehicles sold from 2050 be Evs.

Competitive Landscape in Indonesia Electric Vehicle Charging Market
Currently, competition in the EV charging space in Indonesia is monopolistic in nature, with PLN being responsible for building and overseeing SPKLUs across the country. Private players are eager to expand their operations in Indonesia, but are not doing so due to unresolved concerns about the profitability of electric vehicle charging operations, tightly regulated electricity tariffs, and more.

Drivers and barriers to growth
The abundant nickel reserves in Indonesia give a natural advantage to battery manufacturing, which is one of the most essential components of an EV. Tax cuts, tax incentives and tax holidays provided by the Indonesian government are increasing opportunities for EV manufacturers.

Despite the increasing development of public transport infrastructure, owning personal transport is still preferred by most Indonesians and 70% of the population is willing to own an electric vehicle. Indonesia provides the cheapest electricity in the region. Compared to the oil price of around 0.9 USD/L, electricity in Indonesia costs only 0.1 USD/kwh. This can give future EV users great economic benefits, which could also be the main driver for EV development in Indonesia.

Key segments covered in Indonesia EV Charging Equipment industry
Electric Vehicle Charging Market Size by

  • Revenue
  • Number of charging stations

Indonesia Electric Vehicle Charging Equipment Industry

  • Type of chargers
  • type of load
  • Vehicle type
  • Geographic demand
  • Manufacturer Type
  • Sales channels

Product analysis

  • 4W chargers
  • 2W chargers
  • Charging stations

Price analysis

  • 4W Charger Prices
  • 2W Charger Prices
  • Pricing of charging stations

Key target audience

  • Electricity supplier
  • Electric vehicle manufacturers
  • Manufacturers of charging equipment for electric vehicles
  • EV Charging System Operator
  • Demand-side transport operators
  • Government agencies

Period entered in the report

  • Historical period: 2016-2021
  • Forecast period: 2022-2026F

Main topics covered:

1. Summary

2. Market Overview of Indonesia EV Charging Industry
2.1. Overview of the Indonesian electric vehicle market
2.2. Overview of Electric Vehicle Adoption in Indonesia
2.3. Overview of the Indonesian electric vehicle charging market
2.4. Electric vehicle charging infrastructure value chain
2.5. Ecosystem of the main entities of the electric vehicle charging equipment market
2.6. Difference Between SPKLU and SPBKLU
2.7. SPKLU Business Models

3. Market Size of Electric Vehicle Charging Industry

4. Market Segmentation of Indonesia Electric Vehicle Charging Equipment Industry

5. Industry Analysis of Indonesia Electric Vehicle Market
5.1. Indonesia Electric Vehicle Market Trends
5.2. Indonesia Electric Vehicle Market Issues and Challenges
5.3. Indonesia Electric Vehicle Market SWOT Analysis
5.4. Government regulations
5.5. Growth Drivers of the Indonesia Electric Vehicle Market

6. Product analysis
6.1. Type of EV charging station
6.2. Socket type
6.3. Description of power outlets
6.4. Description of EV charging types by output current
6.5. Description of general pricing standards
6.6. Charging station infrastructure in Indonesia

7. Price analysis

8. Indonesia Electric Vehicle Market Competitive Analysis

9. Case study
9.1. PLN Case Study
9.2. EESL Case Study
9.3. Alfen Case Study

10. Future Outlook and Industry Projections, to 2026

11. Analyst Recommendations

12. Research Methodology

Companies cited

  • Delta
  • ABB
  • Schneider-Electric
  • powerindo
  • Bambang Djaja
  • Phihong

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