Indonesia Solar Mobile Lighthouse Market Competition Situation and Future Trend Forecast Report 2024

Indonesia is well-known in Southeast Asia for its huge size, where "size" mainly refers to three aspects: geographical area, population size and economic output. In terms of geographical area, Indonesia has a land area of ​​more than 1.91 million square kilometers, ranking 14th in the world, and is a country with a vast territory. Indonesia is composed of thousands of islands, giving people a visual sense of dispersion, although in fact it is very large. In terms of population, Indonesia's total population is about 277 million, ranking third in Asia and fourth in the world, with a population density of 153 people/square kilometer, indicating that it is a densely populated country.

Indonesia's economic size ranks first in ASEAN, and its policy openness continues to increase. In recent years, Indonesia's average economic growth rate has remained in the range of 4%-6%. In 2023, the total GDP will reach 1.3 trillion US dollars, making it the largest economy in ASEAN, accounting for 36.37% of ASEAN's total economy. We expect that in the next five years, Indonesia's economic growth center will remain at around 5%. Indonesia's economy has continued to grow in the past few decades, coupled with the young local population structure and the increasingly wealthy consumer market, so it has become an ideal investment destination in Southeast Asia.

This research project aims to deeply explore the growth potential and development opportunities of solar mobile lighthouses in the Indonesian market, analyze the competitive situation, sales model, customer preferences, and overall market business environment of the Indonesian market, and provide objective reference opinions for domestic enterprises to go overseas to conduct business.

According to the latest survey by QYResearch, the global solar mobile lighthouse market sales revenue reached 1.8 billion yuan in 2023, and is expected to reach 2.6 billion yuan in 2030, with a compound annual growth rate (CAGR) of 4.9% in the next few years. For the Indonesian market, the annual compound growth rate (CAGR) is expected to be xx% during 2024-2030, higher than the global xx%, and the market size of the Indonesian market will reach xx billion yuan in 2030.

A solar mobile lighthouse is a lighting device with mobile function that uses solar power to generate electricity. The lighthouse is usually composed of solar panels, battery energy storage devices, lights, and moving parts. Solar panels convert solar energy into electrical energy and store the electrical energy in battery energy storage devices. The energy storage device can power the lamp at night or on cloudy days. The moving parts enable the entire lighthouse to rotate or tilt so that the light can be illuminated where it is needed. Such mobile functions enable the lighthouse to provide lighting at different positions and angles, suitable for various scenarios, such as mining, construction, and outdoor activities. Solar mobile lighthouses have the advantages of energy saving, environmental protection, reliability, stability, easy installation and maintenance, and can provide reliable lighting solutions in places without power grid power supply. The core manufacturers of global solar mobile Light Towers are Atlas Copco, Saiwat Power Technology, Hangzhou Soen Machinery Co., Ltd., Teksan and Anhui Taijie Lighting Equipment, etc. The top four manufacturers account for about 10% of the global market share. Asia Pacific is the largest market, accounting for about 47% of the market share, followed by North America and Europe, accounting for 21% and 17% of the market share respectively. In terms of product type, manual lifting is the largest segment, accounting for about 63% of the market share. At the same time, in terms of downstream, mining operations are the largest downstream field, accounting for 37% of the market share.

Indonesian solar mobile light towers have a wide range of applications, including mining operations, road and construction, emergency rescue, ports, etc., which have an urgent need for reliable and efficient lighting equipment. With the advancement of Indonesia's energy transformation and infrastructure construction, as well as the improvement of people's awareness of Renewable Energy, Indonesia's solar mobile lighthouse market will usher in a broader development space.