Thailand Biomass Power Market Size & Outlook, 2021-2030
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Thailand biomass power market highlights
- The Thailand biomass power market generated a revenue of USD 4,453.4 million in 2021 and is expected to reach USD 10,429.0 million by 2030.
- The Thailand market is expected to grow at a CAGR of 9.9% from 2022 to 2030.
- In terms of segment, solid biofuel was the largest revenue generating feedstock in 2021.
- Biogas is the most lucrative feedstock segment registering the fastest growth during the forecast period.
Biomass power market data book summary
| Market revenue in 2021 | USD 4,453.4 million |
| Market revenue in 2030 | USD 10,429.0 million |
| Growth rate | 9.9% (CAGR from 2021 to 2030) |
| Largest segment | Solid biofuel |
| Fastest growing segment | Biogas |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solid Biofuel, Biogas |
| Key market players worldwide | Mitsubishi Heavy Industries Ltd, Xcel Energy Inc, Ramboll, Babcock & Wilcox Enterprises Inc, Orsted A/S, Ameresco Inc Class A, GE Aerospace, Veolia Environnement SA |
Other key industry trends
- In terms of revenue, Thailand accounted for 3.7% of the global biomass power market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China biomass power market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 12,201.7 million by 2030.
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Biomass Power Market Scope
Biomass Power Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Orsted A/S | View profile | 8900 | Kraftvaerksvej 53, Skaerbaek, Fredericia, Denmark, DK-7000 | https://www.orsted.com |
| Ameresco Inc Class A | View profile | 1503 | 111 Speen Street, Suite 410, Framingham, MA, United States, 01701 | https://www.ameresco.com |
| Xcel Energy Inc | View profile | 11311 | 414 Nicollet Mall, Minneapolis, MN, United States, 55401 | https://www.xcelenergy.com |
| Ramboll | View profile | 10001+ | Copenhagen, Hovedstaden, Denmark, Europe | http://www.ramboll.com/ |
| Mitsubishi Heavy Industries Ltd | View profile | 86331 | 2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, Japan, 100-8332 | https://www.mhi.com |
| Veolia Environnement SA | View profile | 218288 | 30, rue Madeleine Vionnet, Aubervilliers, France, 93300 | https://www.veolia.com |
| Babcock & Wilcox Enterprises Inc | View profile | 2250 | 1200 East Market Street, Suite 650, Akron, OH, United States, 44305 | https://www.babcock.com |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
Thailand biomass power market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biomass power market will help companies and investors design strategic landscapes.
Solid biofuel was the largest segment with a revenue share of 90.7% in 2021. Horizon Databook has segmented the Thailand biomass power market based on solid biofuel, biogas covering the revenue growth of each sub-segment from 2018 to 2030.
Growing industrialization along with increasing population emerged as the prominent factors in developing the demand for power generation. Increasing requirements for electricity are creating a substantial growth opportunity for biomass power in the country.
The country is planning to shift its dependence from fossil fuels to renewable sources for power generation. The Alternative Energy Development Plan (AEDP) of Thailand is focused on developing a renewable and clean source of energy.
Under the AEDP plan, the country is targeting to attain an install capacity of 5.57 GW of biomass power and 1.28 GW of biogas-based power plants. To decrease the reliance on imported fossil fuels, the government is planning to tap biomass power as one of the major solutions owing to the easy availability of biomass feedstock such as wood chips, rice husk, livestock & municipal waste in the country.
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Target buyers of Thailand biomass power market databook
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Our clientele includes a mix of biomass power market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Thailand biomass power market , including forecasts for subscribers. This country databook contains high-level insights into Thailand biomass power market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand biomass power market size, by feedstock, 2018-2030 (US$M)
Thailand Biomass Power Market Outlook Share, 2021 & 2030 (US$M)
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