Research
Methodology - Market Definitions
Thailand
Biogas and Biomass market: It is defined as the total cumulative installed
capacity completed for construction of Biogas and Biomass market. It includes
both ongrid and offgrid plants and excludes the project executed by Thai firms
outside the country.
Thailand
EPC Market for Biogas and Biomass Plant: It include the total value of projects
commissioned in a particular year for construction of new plants and capacity
upgradation of existing plants. It includes the cost of engineering,
construction, material supply and commissioning.
Thailand
Biogas and Biomass Market by Generation: It is defined as the amount of electricty
generated by biogas and biomass unit in GWh and revenue associated with
it at FiT. It only includes the revenue generated by selling the electricity to
Discoms. It excludes the electricty used for captive purpose.
Northern Thailand : Nakhon Sawan, Uthai Thani, Sukhothai, Phitsanulok, Phichit,
Kamphaeng Phet, Phetchabun, Tak, Chiang Mai, Chiang Rai, Lampang, Lamphun, Mae
Hong Son, Nan, Phayao, Phrae, Uttaradit
North Eastern Thailand: Amnat Charoen, Bueng Kan, Buri
Ram, Chaiyaphum, Kalasin, Khon Kaen, Loei, Maha Sarakham, Mukdahan, Nakhon
Phanom, Nakhon Ratchasima, Nong Bua Lamphu, Nong Khai, Roi Et, Sakon Nakhon, Si
Sa Ket, Surin, Ubon Ratchathani, Udon Thani, Yasothon
Central Thailand: Ang Thong, Chainat, Phra Nakhon Si
Ayutthaya, Bangkok, Lop Buri, Nakhon Pathom, Nonthaburi, Pathum Thani, Samut
Prakan, Samut Sakhon, Samut Songkhram, Saraburi, Sing Buri, Suphan Buri,
Phetchaburi, Prachuap Khiri Khan, Kanchanaburi, Ratchaburi, Chachoengsao,
Chanthaburi, Trat, Chon Buri, , Prachin Buri, Rayong, and Sa Kaeo
Southern Thailand: Chumphon, Nakhon Si Thammarat,
Narathiwat, Pattani, Phatthalung, Songkhla, Surat Thani, Yala, Krabi, Phang
Nga, Phuket, Ranong, Satun, Trang
Research
Methodology - Consolidated Research Approach
Hypothesis Creation: The research team has first framed a hypothesis about the market through analysis of existing industry factors obtained from magazines, journals, broker reports, investor presentations and annual reports of major companies, Ministry of Energy, Department of Alternative Energy Development and Efficiency, International Finance Corporation and Others.
Hypothesis Creation: The research team has first framed a hypothesis about the market through analysis of existing industry factors obtained from magazines, journals, broker reports, investor presentations and annual reports of major companies, Ministry of Energy, Department of Alternative Energy Development and Efficiency, International Finance Corporation and Others.
Hypothesis
Testing: The research team conducted computer assisted telephonic
interview (CATI) with industry professionals including decision makers in EPC
and Equipment manufacturing companies. The industry professionals included
management executives, and other higher level authorities. Structured
interviews were conducted through telecom with several industry veterans
including major decision makers from Asia biogas, Association of 3 and other
companies. The analyst at Ken Research collated their insights on the market
onboard and to seek justification to the hypothesis framed by the team.
Sanity
Checking @ Decision Tree Analysis: Data has been collected and verified
through cross-sanity checking the opinion and facts received from interview
with the hypotheses framed from public databases. The team has verified the
data by cross referring international and domestic renewable energy
organization.
Future
Forecasting via Poll Opinions and Statistical Tools: Multi-Factor
regression was conducted on the lag variables by identifying the independent
and quantifiable variables directly affecting the market. The forecasting was
done by using SPSS statistical tools. The variables were checked for
multi-co-linearity and other bias that could be present in the model. The
conclusion from the regression was then double-checked by conducting poll
opinions.
Interpretation
and Proofreading: The final analysis will then be interpreted in the
research report by our expert team well versed with the Bioenergy Industry.
Research Methodology - Market Sizing and Limitation –
Thailand Biogas and Biomass Market
Market
Sizing:
Initially, we identified all major EPC and equipment
supplier of biogas and biomass companies operating in the market. We then
collated the capacity installed in biogas and biomass market in 2017. This
helped us in sanity checking the current market size provided by other leading
global renewable energy organizations.
We calculated the cost of installation of one megawatt of
capacity for biogas and biomass EPC market separately, and then estimated the total cost of EPC
market by multiplying the per megawatt cost by the capacity installed in 2017
and other preceding years.
To check the sanity of the estimation, figures were cross
referenced with the amount of investments in the sector.
Limitation:
It can happen that some of the projects may get caught up
in legal battle or protest from local bodies which can either delay the project
or may even stop the project. It is also possible that company exit the
projects due to some technical or financial issue.
Depending on the feedstock used storage handling and
disposal of waste may require different system and hence cost may vary.
Market for O&M was estimated based on opinion
provided by industry experts, however it might be possible that it may vary
slightly with margin of error of 10% from original market size considering that
different units may have different cost of construction depending on varying
factors and gauging such information was our research constraint.
Research Methodology - Variables (Dependent and
Independent)
Variables Considered:
Total Renewable Energy Installed Capacity in Thailand MW:.
Installed capacity in renewable energy in Thailand gives an idea of how the
complete renewable energy sector is doing.
Rice Production in Thousand Tons: Rice husk is the major
source of biomass in Thailand. Production of electricity from biomass is
largely dependant on rice production in the country.
Processed Sugar Production in Tons: Bagasse which is the
by product of sugar processing industry is a source of fuel for biomass plants.
Forecast
Modelling:
The report applies Correlation and Regression analysis
methods to forecast the future of the biogas and biomass market. The
capabilities of SPSS and predictive analytics software have been leveraged to
determine the relevant indicators used for forecasting this industry.
In the present case, installed capacity of biogas and
biomass market has been taken as the dependent variable and other variables
such as Total Renewable Energy Installed Capacity in Thailand, Rice Production,
Processed Sugar Production have been taken as independent variables.
For more
information on the research report, refer to below link:
Related Reports
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
sales@kenresearch.com
+91-9015378249
