Opportunities in Indonesia's electric motors market

THE market research firm said that the market growth is being driven by increasing adoption of energy-efficient electric motors, growing industrial sector and favorable government initiatives. Industrial sector, which is a major contributor to the country's GDP, dominated the Indonesian electric motors market over the last five years and this trend is expected to continue through 2020.

Region-wise, Java dominated the electric motors market in 2014, however, the region is anticipated to witness a slight decline in its share over the next five years due to higher government focus on developing other regions in the country.

Few of the major players operating in Indonesia's electric motors market include ABB, Siemens, TECO, WEG and Hitachi.

Indonesia is one of the most populated regions in the world as well as one of the fastest growing economies in Southeast Asia. In order to further strengthen its position as a major industrial region in South East Asia, the Indonesian government plans to introduce 36 industrial hubs across the country.

Motors form the core of pumps, which are used for numerous industrial applications such as crude oil extraction, refining, power plants, cement industry, chemical & fertilizers, etc. Apart from pumps, electric motors are also used in compressors as well as in mechanical movement applications. On account of anticipated industrial growth in the country over the next five years, the demand for electric motors is expected to grow through 2020.