Thailand Power Market Size

Statistics for the 2023 & 2024 Thailand Power market size, created by Mordor Intelligence™ Industry Reports. Thailand Power size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Thailand Power Industry

Thailand Power Market- Market Summary
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Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 5.80 %

Major Players

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*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.

Thailand Power Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)