| Product Code: ETC126518 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
In the Thailand gas engines market, the import trend showed a notable growth rate of 49.56% from 2023 to 2024, with a compound annual growth rate (CAGR) of 3.47% from 2020 to 2024. This surge in imports can be attributed to increased industrial activities and infrastructure development in the country, driving demand for gas engines.
The gas engines market in Thailand has experienced significant growth in recent years. Gas engines are internal combustion engines that run on natural gas or other gaseous fuels. They are widely used in various applications, including power generation, industrial processes, and transportation. The market`s expansion is driven by the country`s increasing focus on cleaner and more sustainable energy sources. Additionally, the growing demand for efficient and environmentally friendly power generation solutions has further contributed to the market`s growth in Thailand.
Several factors drive the growth of the gas engines market in Thailand. Firstly, the government`s initiatives to promote the use of natural gas as a cleaner alternative to conventional fuels have encouraged the adoption of gas engines in various sectors. Secondly, the need for decentralized power generation solutions, especially in remote and off-grid areas, has boosted the demand for gas engines. Moreover, the increasing interest in combined heat and power (CHP) systems, which utilize waste heat from gas engines for heating and cooling purposes, has contributed to market growth.
Despite its growth, the Thailand gas engines market faces certain challenges. One of the primary challenges is the competition from other power generation technologies, such as diesel engines and renewable energy sources like solar and wind. Convincing investors and end-users about the long-term economic and environmental benefits of gas engines is essential for market expansion. Additionally, the availability and accessibility of natural gas infrastructure in certain regions of Thailand may pose challenges for widespread adoption.
The Covid-19 pandemic had a mixed impact on the gas engines market in Thailand. During the initial stages of the pandemic, economic activities and industrial operations faced disruptions, leading to reduced demand for power generation solutions, including gas engines. However, as economic recovery efforts commenced, the market showed signs of rebounding, especially with the growing emphasis on sustainable energy solutions.
Thailand Gas Engines |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Gas Engines Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Gas Engines Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Gas Engines Market - Industry Life Cycle |
3.4 Thailand Gas Engines Market - Porter's Five Forces |
3.5 Thailand Gas Engines Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.6 Thailand Gas Engines Market Revenues & Volume Share, By Power Output, 2021 & 2031F |
3.7 Thailand Gas Engines Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Thailand Gas Engines Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Thailand Gas Engines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Gas Engines Market Trends |
6 Thailand Gas Engines Market, By Types |
6.1 Thailand Gas Engines Market, By Fuel Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Gas Engines Market Revenues & Volume, By Fuel Type, 2021-2031F |
6.1.3 Thailand Gas Engines Market Revenues & Volume, By Natural Gas, 2021-2031F |
6.1.4 Thailand Gas Engines Market Revenues & Volume, By Special Gas, 2021-2031F |
6.1.5 Thailand Gas Engines Market Revenues & Volume, By Others, 2021-2031F |
6.2 Thailand Gas Engines Market, By Power Output |
6.2.1 Overview and Analysis |
6.2.2 Thailand Gas Engines Market Revenues & Volume, By 0.5??1 MW, 2021-2031F |
6.2.3 Thailand Gas Engines Market Revenues & Volume, By 1??2 MW, 2021-2031F |
6.2.4 Thailand Gas Engines Market Revenues & Volume, By 2??5 MW, 2021-2031F |
6.2.5 Thailand Gas Engines Market Revenues & Volume, By 5??10 MW, 2021-2031F |
6.2.6 Thailand Gas Engines Market Revenues & Volume, By 10??20 MW, 2021-2031F |
6.3 Thailand Gas Engines Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Thailand Gas Engines Market Revenues & Volume, By Power Generation, 2021-2031F |
6.3.3 Thailand Gas Engines Market Revenues & Volume, By Cogeneration, 2021-2031F |
6.3.4 Thailand Gas Engines Market Revenues & Volume, By Mechanical Drive, 2021-2031F |
6.3.5 Thailand Gas Engines Market Revenues & Volume, By Others, 2021-2031F |
6.4 Thailand Gas Engines Market, By End-User |
6.4.1 Overview and Analysis |
6.4.2 Thailand Gas Engines Market Revenues & Volume, By Utilities, 2021-2031F |
6.4.3 Thailand Gas Engines Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.4.4 Thailand Gas Engines Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.4.5 Thailand Gas Engines Market Revenues & Volume, By Others, 2021-2031F |
7 Thailand Gas Engines Market Import-Export Trade Statistics |
7.1 Thailand Gas Engines Market Export to Major Countries |
7.2 Thailand Gas Engines Market Imports from Major Countries |
8 Thailand Gas Engines Market Key Performance Indicators |
9 Thailand Gas Engines Market - Opportunity Assessment |
9.1 Thailand Gas Engines Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.2 Thailand Gas Engines Market Opportunity Assessment, By Power Output, 2021 & 2031F |
9.3 Thailand Gas Engines Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Thailand Gas Engines Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Thailand Gas Engines Market - Competitive Landscape |
10.1 Thailand Gas Engines Market Revenue Share, By Companies, 2024 |
10.2 Thailand Gas Engines Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |