Market Size of Thailand Power EPC Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Thailand Power EPC Market Analysis
The Thailand EPC Power Market is expected to grow at a CAGR of more than 3% during the forecast period.
COVID-19 negatively impacted the market in 2020. Presently the market has reached pre-pandemic levels.
- Over the long term, factors such as increasing population and power consumption are resulting in the growth of the power market. With growing power demand, projects under construction and in the planning stage are expected to drive the market significantly.
- On the other hand, growing environmental and sustainability concerns about coal-fired power plants are expected to restrain the market during the forecast period.
- Nevertheless, the development of nuclear power plants for commercial power generation remains a significant opportunity for the market during the forecast period.
