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Indonesia Overhead Cable Industry Analysis
The overhead lines/cables construction projects industry in Indonesia has experienced significant growth in recent years. This growth is driven by several factors, including the country's rapidly expanding economy, increasing population, and rising demand for electricity.
The current scenario of the industry is characterized by a high level of competition among companies operating in the market. The industry is highly fragmented, with numerous small and medium-sized enterprises (SMEs) competing with large multinational companies.
The major drivers of the industry are the government's focus on infrastructure development, increasing investment in renewable energy, and the growing demand for electricity. The Indonesian government has implemented policies to improve the country's infrastructure, including the construction of new power plants and the expansion of the transmission and distribution network. The government is also focused on increasing the share of renewable energy in the country's energy mix, which has led to a significant increase in the number of wind and solar power projects.
The industry outlook in Indonesia is positive, with continued growth expected in the coming years. The government's infrastructure development plans and focus on renewable energy are expected to drive the industry's growth. The Indonesian government has set a target to generate 23% of the country's energy from renewable sources by 2025, which is expected to create significant opportunities for companies operating in the industry.
Local references such as the government's plan to develop the 35 GW power projects, which aims to add 35,000 MW to Indonesia's power generation capacity by 2019, showcase the country's focus on infrastructure development. Additionally, the recent announcement of the largest solar power plant in Southeast Asia, the Cirata Floating Photovoltaic Power Plant, which will be built on a reservoir in West Java, highlights the country's commitment to renewable energy and presents significant opportunities for companies operating in the industry.
Overall, the overhead lines/cables construction projects industry in Indonesia is poised for continued growth in the coming years, driven by the government's infrastructure development plans and focus on renewable energy.
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