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Energy Management - Indonesia

Indonesia
  • Revenue in the Energy Management market is projected to reach US$27.7m in 2025.
  • Revenue is expected to show an annual growth rate (CAGR 2025-2029) of 9.06%, resulting in a projected market volume of US$39.1m by 2029.
  • In the Energy Management market, the number of active households is expected to amount to 18.9m users by 2029.
  • Household penetration will be 26.2% in 2025 and is expected to hit 31.0% by 2029.
  • The average revenue per installed Smart Home currently is expected to amount to US$1.66.

Definition:

Energy Management market covers the sale of products for the control and reduction of energy consumption (e.g., automated heating control and timers) as well as connected sensors (e.g., temperature, sunlight, and precipitation sensors).
Networked light bulbs (see Comfort & Lighting) and smart sockets/plugs (see Control & Connectivity) are not included. Unlike in previous releases, smart plugs are no longer part of this segment but can now be found in the Control & Connectivity market. Smart Meters are not part of our Smart Home market.

Additional Information:

The market comprises revenue, average revenue per smart home, number of smart homes so as the household penetration rate by smart home, and key players. Figures are generated through both online and offline sales channels and include exclusive spending by consumers (B2C). Market leaders include Xiaomi, Google, Honeywell, LG, and other brands renowned for their innovation, brand recognition, and expansive distribution channels within their respective categories. For more information on the data displayed, use the info button right next to the boxes.

In-Scope
  • Digitally connected and controlled devices for energy saving
  • Thermostats (e.g., Sonoff Smart Radiator Thermostat TRVZB, Bosch Smart Home Room Thermostat II), radiator controls (e.g., TESLA Smart), temperature/wind/humidity sensors with connection to a broader smart home (e.g., TP-Link Tapo T310, Sonoff SNZB-02D)
Out-Of-Scope
  • Bulbs, window and door sensors (see Comfort & Lighting)
  • Connected household appliances (see Smart Appliances)
  • B2B/C2C sales of any kind (e.g., to hotels or office buildings)
Energy Management: market data & analysis - Cover

Market Insights report

Energy Management: market data & analysis
Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update:

    Source: Statista Market Insights

    Most recent update:

    Source: Statista Market Insights

    Key Players

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    Source: Statista Market Insights

    Product Types

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    Source: Statista Market Insights

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    Source: Statista Market Insights

    Global Comparison

    Most recent update:

    Source: Statista Market Insights

    Analyst Opinion

    The Energy Management market in Indonesia is experiencing significant growth and development.

    Customer preferences:
    Customers in Indonesia are increasingly focused on reducing energy consumption and improving energy efficiency in their operations. This is driven by a combination of factors, including rising energy costs, concerns about environmental sustainability, and government regulations and incentives. Companies are looking for solutions that can help them monitor and analyze their energy usage, identify areas for improvement, and implement energy-saving measures. They are also interested in technologies that can help them integrate renewable energy sources into their operations and reduce their reliance on fossil fuels.

    Trends in the market:
    One of the key trends in the Energy Management market in Indonesia is the increasing adoption of smart energy management systems. These systems use advanced sensors, meters, and analytics tools to collect and analyze data on energy usage in real-time. This allows companies to identify areas of inefficiency and implement targeted energy-saving measures. Smart energy management systems also enable companies to integrate renewable energy sources, such as solar panels or wind turbines, into their operations more effectively. This trend is driven by advancements in technology, as well as government initiatives to promote the use of smart energy management systems. Another trend in the market is the growing demand for energy management services. Many companies in Indonesia do not have the resources or expertise to implement energy management solutions on their own. As a result, they are turning to third-party service providers that can help them develop and implement energy management strategies. These service providers offer a range of services, including energy audits, energy procurement, and energy monitoring and reporting. This trend is driven by the increasing complexity of energy management, as well as the need for specialized knowledge and skills.

    Local special circumstances:
    Indonesia is the largest economy in Southeast Asia and has a rapidly growing population. This has led to an increase in energy consumption, as well as a growing demand for electricity. The country is also heavily dependent on fossil fuels, particularly coal, for its energy needs. However, there is a growing recognition of the need to diversify the energy mix and reduce reliance on fossil fuels. The government has set ambitious targets for increasing the share of renewable energy in the energy mix, and has implemented a range of policies and incentives to promote renewable energy development. This provides opportunities for companies in the Energy Management market to help Indonesia achieve its renewable energy goals.

    Underlying macroeconomic factors:
    The Energy Management market in Indonesia is also influenced by a range of macroeconomic factors. Economic growth and industrialization are driving an increase in energy consumption, particularly in sectors such as manufacturing, construction, and transportation. Rising energy costs and concerns about energy security are also driving companies to adopt energy management solutions. In addition, government regulations and incentives play a key role in shaping the market. The government has implemented a range of policies to promote energy efficiency and renewable energy development, including tax incentives, feed-in tariffs, and energy efficiency standards. These policies create a favorable environment for companies in the Energy Management market to grow and expand their operations.

    Methodology

    Data coverage:

    The data encompasses B2C enterprises. Figures are based on the sales of smart home products, excluding taxes.

    Modeling approach:

    Market sizes are determined through a bottom-up approach, building on a specific rationale for each market category. As a basis for evaluating markets, we use the Statista Global Consumer Survey, market data from independent databases and third-party sources, and Statista interviews with market experts. In addition, we use relevant key market indicators and data from country-specific associations, such as household internet penetration and consumer spending for households. This data helps us estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting innovative products due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward smart home integration.

    Additional notes:

    The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated once a year, in case market dynamics change we do more frequent updates.

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    Energy Management: market data & analysis - BackgroundEnergy Management: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update:

    Source: Statista Market Insights

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