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 |
No credit card required*
Name | Profile | # Employees | HQ | Website |
---|
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.
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.
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account