Thailand Power Market Size and Trends by Installed Capacity, Generation, Transmission, Distribution, and Technology, Regulations, Key Players and Forecast, 2022-2035
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The Thailand power market cumulative installed capacity was 52.2 GW in 2021. The market is expected to grow at a CAGR of more than 1% from 2021 to 2035. During this period, renewable power is expected to witness rapid growth.
The Thailand power market research report discusses the power market structure of Thailand and provides historical and forecast numbers for capacity, generation, and consumption up to 2035. A detailed analysis of the country’s power market regulatory structure, competitive landscape, and a list of major power plants are provided. The report also gives a snapshot of the power sector in the country on broad parameters of macroeconomics, supply security, generation infrastructure, transmission and distribution infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential. Moreover, an analysis of the deals in the country’s power sector is also included.
Thailand Power Market Outlook
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Thailand Power Market Dynamics
The power regulatory structure in Thailand is multi-layered, although the Electricity Generating Authority of Thailand (EGAT) is the most important entity in the power market. The Department of Alternative Energy Development and Efficiency (DEDE) is responsible for implementing national policies on energy efficiency, renewable energy, and water sources.
Renewable sources are expected to show the highest growth in the power mix in the future. As agriculture is the primary occupation in the country, the government intends to use agricultural waste for electricity generation. However, power is predominantly generated by thermal sources at present, mainly from gas-fired power plants. The country has been using its domestic gas resources for power generation, but depleting gas reserves mean that the government is looking to expand its energy mix by introducing nuclear power, for which feasibility studies are in progress.
The government recognizes the energy sector as a major driver of economic growth. Keeping into consideration an environmentally friendly ethos, the government has implemented various long-term policy measures in support of renewable energy sources, as a means of achieving sustainable development. There are various supporting schemes exist in the country such as Feed–in Tariff (FiT), the SPP hybrid scheme, and tax incentives to promote renewable energy sources.
Key Sectors in the Thailand Power Market
The key sectors in the Thailand power market are the residential sector, commercial sector, industrial sector, and others. In 2021, the industrial sector had the dominant share in Thailand’s power consumption market.
Thailand Power Market Analysis by Sectors
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Who are the key players in Thailand’s power market?
The key market players in the Thailand power market are the Electricity Generating Authority of Thailand (EGAT), Gulf Energy Development Public Company Limited, RATCH Group PCL, PTT Group, and others. Thailand’s power generation market was dominated by EGAT in 2021.
Thailand Power Market Analysis by Market Players
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Market Report Overview
Market size (Year – 2021) | 52.2 GW |
CAGR (2021 – 2035) | >1% |
Key Sectors | Residential Sector, Commercial Sector, Industrial Sector, and Others |
Key Market Players | Electricity Generating Authority of Thailand (EGAT), Gulf Energy Development Public Company Limited, RATCH Group PCL, PTT Group, and Others |
Scope
- Snapshot of the country’s power sector across parameters – macroeconomics, supply security, generation infrastructure, transmission infrastructure, electricity imports and export scenario, degree of competition, regulatory scenario, and future potential of the power sector.
- Statistics for installed capacity, generation, and consumption from 2010 to 2021, and forecast for the next 14 years to 2035
- Capacity, generation, and major power plants by technology
- Data on leading active and upcoming power plants
- Information on transmission and distribution infrastructure, and electricity imports and exports
- Policy and regulatory framework governing the market
- Detailed analysis of top market participants, including market share analysis and SWOT analysis
Reasons to Buy
- Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector
- Identify key factors driving investment opportunities in the country’s power sector
- Facilitate decision-making based on strong historic and forecast data
- Develop strategies based on the latest regulatory events
- Position yourself to gain the maximum advantage of the industry’s growth potential
- Identify key partners and business development avenues
- Identify key strengths and weaknesses of important market participants
- Respond to your competitors’ business structure, strategy, and prospects
Gulf Energy Development Public Company Limited
RATCH Group PCL
PTT Group
Table of Contents
Table
Figures
Frequently asked questions
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What was the Thailand power market size in 2021?
The power market size in Thailand was 52.2 GW in 2021.
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What is the Thailand power market growth rate?
The power market in Thailand is expected to grow at a CAGR of more than 1% from 2021 to 2035.
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What are the key sectors in the Thailand power market?
The key sectors in the Thailand power market are the residential sector, commercial sector, industrial sector, and others.
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Who are the key market players in the Thailand power market?
The key market players in the Thailand power market are the Electricity Generating Authority of Thailand (EGAT), Gulf Energy Development Public Company Limited, RATCH Group PCL, PTT Group, and others.
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