Thailand Biogas And Biomass Energy Market Will Be Driven By New Government Policies And Awareness About Potential This Alternative Energy Source: Ken Research

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According to Ken Research report titled Thailand Biogas and Biomass Market Outlook to 2022 – By Revenue Streams (Engineering, Procurement and Construction (EPC), Power Generation), By Biomass Industries (Bagasse, Rice husk, Rice straw, Bark, Bark, Lumber, Black liquor, Others), By Region Availability of new technology at low cost to small players is the major growth driver behind the growth of biogas sector. In the biogas segment, northern Thailand is expected to grow the fastest among other regions, whereas in the biomass sector southern regions seem to have the highest potential.

Government introduced the Feed in tariff scheme (FiT) to boost the investments in the sector by opening up the market by competitive pricing.

Biogas and biomass sector in Thailand registered a positive five year CAGR in last five years (2012-2017). Implementation and amendments of regulatory norms to push the use of biogas and biomass as alternative fuel are considered as growth drivers in the sector. Major water treatment companies included Asia biogas, KPN greens, SBANG, Association of 3. The market is largely dominated by domestic companies or Joint venture of domestic companies with foreign players. Majority of the equipments are manufactured domestically. Companies operating in EPC business in biomass and biomass market are also engaged in consultation, engineering services, equipment manufacturing also. Many Companies are targeting on construction of Very Small Power Plants (VSPP) and Small Power Plant (SPP). New government initiatives are the driving force behind upcoming investments in the sector.

Tapioca starch producing plants were the largest users of electricity from biogas in Thailand. North-Eastern part of Thailand is the biggest market for biogas generating companies accounting for majority of the market in 2017, swiftly followed by Central and southern provinces. Heavy presence of a number of host industries was the key driver. For biomass North- Eastern part of Thailand was the largest contributors. It was followed by Central Thailand.

The market for biogas and biomass is expected to register high growth as it has gained fresh momentum due to enhanced focus of the government. Demand for energy generation from biogas and biomass industry in Thailand will be largely driven by increased concern for environment, increased dependency for energy on neighboring countries, implementation and amendments of regulatory norms to push the use of biogas and biomass as alternative fuel. Increased demand for energy and rise in awareness about clean energy among the people has promoted the development of biogas and biomass industry.

For more information on the research report, refer to below link:

https://www.kenresearch.com/energy-and-utilities/clean-technology/thailand-biogas-biomass-market/149482-103.html

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