Thailand Solar Energy Market

Thailand Solar Energy Market by Technologies (Concentrated Solar Power and Solar photovoltaic), Deployments (Rooftop and Ground Mounted) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: EP-1010
  • Author: Growth Market Reports
  • Rating: 4.7
  • Total Reviews: 2
  • No. Of Pages: 169
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The global Thailand solar energy market size is estimated to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to strong government support in the form of alternative energy development plan and feed-in tariffs. The decreasing cost of solar photovoltaic system is anticipated to fuel the market expansion.

Thailand Solar Energy Market Key Takeaways

Solar power is the cleanest source of renewable energy. It is convenient renewable solution for increasing global warming and greenhouse emission. Solar energy is a radiant light and heat from the sun which is exploit using technologies including solar thermal energy, artificial photosynthesis, solar heating, molten salt power plants, photovoltaic, and solar architecture. Solar energy are used in generating electricity, heating water for commercial, domestic, & industrial use, and providing lighting and comfortable interior environment.

For Thailand solar energy market the government has set clean energy targets and it is trying to achieve their targets by changing to renewable energies. Various developments are taking place; for instance, in 2020, the total capacity of solar energy reached to approximately 3,000 megawatts. Solar energy in Thailand is targeted to reach 6,000 megawatt by 2036.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising demand for electricity in Thailand is projected to drive the market during the forecast period.
  • Increasing investment in solar energy is anticipated to fuel the market in the coming years.
  • Government’s supportive policies and initiatives is major factor propelling the market during the forecast period.
  • Huge solar plants require huge land which is inhibited by the availability of solar radiation act as key challenge that can hinder the market expansion.
  • Uncertainties regarding access to the power grid are estimated to impede the market growth in Thailand.
  • R&D investment and technological advancement resulting in the reduction in the cost of construction of solar power plant is expected to offer significant opportunities for the market players.

Scope of the Report

The report on the Thailand solar energy market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Solar Energy Market - Thailand Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Technologies (Concentrated Solar Power and Solar photovoltaic), Deployments (Rooftop and Ground Mounted)

Country

Thailand

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

SPCG PCL, Solaris Green Energy Co., Ltd., Thai Solar Energy PLC, Trina Solar Co., Ltd., Symbior Energy Limited, Energy Absolute Public Companies, Toyothai, and Yingli Green Energy Holding Co., Ltd.


Market Segment Insights:

The solar photovoltaic segment is projected to hold a major market share
On the basis of technologies, the Thailand solar energy market is bifurcated into concentrated solar power and solar photovoltaic. The solar photovoltaic segment is expected to constitute a key share of the market during the forecast period owing to rising demand for sustainable power, high efficiency, durability, compact design, and supportive government policies and initiatives. The rising interest of corporate sector in obtaining solar photovoltaic power to complete their renewable energy targets is anticipated to boost the market in the coming years.

Solar photovoltaic has the highest rate of innovation and decreasing cost among all the solar technologies. However, the concentrated solar power segment is anticipated to expand at a rapid pace during the forecast period due to high usage of these technologies in end-user industries and it is most commercialized technology.

Thailand Solar Energy Market By Technologies

The ground mounted segment is projected to account for a large market share
In terms of deployments, the Thailand solar energy market is segregated into rooftop and ground mounted. The ground mounted segment is expected to represent a key share of the market in the coming year due to increased airflow allows the panels to stay cooler, conversion of energy more efficiently, and it can be installed anywhere in the field or yard that faces the sun. It is highly used for agricultural, commercial or residential purpose. Ground mounted are used in various farms which requires high amount of energy for different activities including pumping water, lightning and heating, running electric fences, running dryers and conveyors, powering greenhouse, operating milking, watering and feeding equipment, generating heat for buildings, and heating water.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Energy Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Solar Energy Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Solar Energy Market - Supply Chain
  4.5. Global Solar Energy Market Forecast
     4.5.1. Solar Energy Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Solar Energy Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Solar Energy Market Absolute $ Opportunity
5. Global Solar Energy Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Solar Energy Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Solar Energy Demand Share Forecast, 2019-2026
6. North America Solar Energy Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Solar Energy Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Solar Energy Demand Share Forecast, 2019-2026
7. Latin America Solar Energy Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Solar Energy Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Solar Energy Demand Share Forecast, 2019-2026
8. Europe Solar Energy Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Solar Energy Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Solar Energy Demand Share Forecast, 2019-2026
9. Asia Pacific Solar Energy Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Solar Energy Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Solar Energy Demand Share Forecast, 2019-2026
10. Middle East & Africa Solar Energy Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Solar Energy Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Solar Energy Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Solar Energy Market: Market Share Analysis
  11.2. Solar Energy Distributors and Customers
  11.3. Solar Energy Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. SPCG PCL Solaris Green Energy Co., Ltd. Thai Solar Energy PLC Trina Solar Co., Ltd. Symbior Energy Limited Energy Absolute Public Companies Toyothai Yingli Green Energy Holding Co., Ltd.
Segments Covered in the Report
The Thailand solar energy market has been segmented on the basis of

Technology
  • Concentrated Solar Power
  • Solar photovoltaic
Deployment
  • Rooftop
  • Ground Mounted
Key Players
  • SPCG PCL
  • Solaris Green Energy Co., Ltd.
  • Thai Solar Energy PLC
  • Trina Solar Co., Ltd.
  • Symbior Energy Limited
  • Energy Absolute Public Companies
  • Toyothai
  • Yingli Green Energy Holding Co., Ltd.

Key players competing in the Thailand solar energy market include SPCG PCL, Solaris Green Energy Co., Ltd., Thai Solar Energy PLC, Trina Solar Co., Ltd., Symbior Energy Limited, Energy Absolute Public Companies, Toyothai, and Yingli Green Energy Holding Co., Ltd. Some of these players are engaged in several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Thailand Solar Energy Market By Key Players

 

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