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:
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Ken Research
Ankur Gupta, Head Marketing & Communications
sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
sales@kenresearch.com
+91-9015378249
