Market Size of Thailand Power Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 5.80 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Thailand Power Market Analysis
Thailand power market is estimated to be at 51.34 GW by the end of this year and is projected to reach 68.05 GW in the next five years, registering a CAGR of 5.8% during the forecast period.
- Over the medium term, increasing renewables capacity and modernization of existing transmission and distribution infrastructure will likely help the market grow.
- On the other hand, the huge capital expenditure required for modernizing existing facilities and building new ones may restrain the market.
- Nevertheless, the Thai government targets achieving more than 30% of electricity generation through renewables by 2037. The country will also see transmission and distribution grid modernization owing to the increasing number of renewable energy power plants. Such activities are likely to present significant opportunities to the players involved in the market.
