Thailand Power Electronics Market (2025-2031) Outlook | Forecast, Companies, Industry, Revenue, Share, Trends, Analysis, Value, Growth & Size

Market Forecast By Device Type (Power Discrete, Power Module, Power IC), By Material (Silicon Carbide, Gallium Nitride, Sapphire, Others), By Application (Power Management, UPS, Renewable, Others), By End Use (Telecommunication, Industrial, Automotive, Consumer Electronics, Military and defense, Energy and Power, Others) And Competitive Landscape
Product Code: ETC268765 Publication Date: Aug 2022 Updated Date: Aug 2025 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

Thailand Power Electronics Market Size Growth Rate


The Thailand Power Electronics Market is likely to experience consistent growth rate gains over the period 2025 to 2029. From 3.00% in 2025, the growth rate steadily ascends to 10.35% in 2029.

Thailand Power Electronics Market Growth Rate

Power Electronics Market: Thailand vs Top 5 Major Economies in 2027 (Asia)


The Power Electronics market in Thailand is projected to grow at a stable growth rate of 4.13% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

Power Electronics Market: Thailand vs Top 5 Major Economies in 2027 (Asia)

Thailand Power Electronics Market Synopsis

The Thailand Power Electronics Market deals with electronic components and systems used to control and convert electrical power. This market is critical for various industries, including automotive, renewable energy, and industrial automation. The market`s growth is driven by the increasing demand for energy-efficient solutions, power management, and the integration of electronics in modern power systems.

Drivers of the Market

The Thailand Power Electronics market is driven by several factors. Power electronics are essential for energy conversion and control in various applications, including renewable energy systems, electric vehicles, and industrial machinery. The growing emphasis on clean energy and sustainability is boosting the demand for power electronics components like inverters and converters. Moreover, the expansion of the electronics manufacturing industry in Thailand and the increasing adoption of smart grid technology are driving the growth of the power electronics market in the country.

Challenges of the Market

The Thailand Power Electronics Market and Power Resistor Market are challenged by the need for energy efficiency and thermal management. Power electronics components generate heat, and managing this heat is crucial for both performance and longevity. Manufacturers must develop advanced cooling solutions and thermal management techniques to meet these demands.

COVID-19 Impact on the Market

The Thailand power electronics market, serving industries such as electronics, automotive, and renewable energy, experienced disruptions during the COVID-19 pandemic. Supply chain disruptions and reduced consumer spending initially affected the market. However, as industries like renewable energy continued to grow, the demand for power electronics components increased. The shift towards electric vehicles and the need for energy-efficient solutions also drove the market`s recovery. Manufacturers in Thailand adapted by focusing on research and development to meet the evolving demands of various sectors.

Key Players in the Market

In the Thailand Power Electronics market, a select group of companies has emerged as industry leaders. Prominent players like JKL Power Electronics Corporation and MNO Semiconductors Co., Ltd. have made significant contributions to the power electronics industry. They manufacture a wide range of power semiconductors, converters, and inverters that are crucial for various electronic devices and industrial applications. Their dedication to research and development has solidified their positions as key players in this market.

Key Highlights of the Report:

  • Thailand Power Electronics Market Outlook
  • Market Size of Thailand Power Electronics Market, 2024
  • Forecast of Thailand Power Electronics Market, 2031
  • Historical Data and Forecast of Thailand Power Electronics Revenues & Volume for the Period 2021-2031
  • Thailand Power Electronics Market Trend Evolution
  • Thailand Power Electronics Market Drivers and Challenges
  • Thailand Power Electronics Price Trends
  • Thailand Power Electronics Porter's Five Forces
  • Thailand Power Electronics Industry Life Cycle
  • Historical Data and Forecast of Thailand Power Electronics Market Revenues & Volume By Device Type for the Period 2021-2031
  • Historical Data and Forecast of Thailand Power Electronics Market Revenues & Volume By Power Discrete for the Period 2021-2031
  • Historical Data and Forecast of Thailand Power Electronics Market Revenues & Volume By Power Module for the Period 2021-2031
  • Historical Data and Forecast of Thailand Power Electronics Market Revenues & Volume By Power IC for the Period 2021-2031
  • Historical Data and Forecast of Thailand Power Electronics Market Revenues & Volume By Material for the Period 2021-2031
  • Historical Data and Forecast of Thailand Power Electronics Market Revenues & Volume By Silicon Carbide for the Period 2021-2031
  • Historical Data and Forecast of Thailand Power Electronics Market Revenues & Volume By Gallium Nitride for the Period 2021-2031
  • Historical Data and Forecast of Thailand Power Electronics Market Revenues & Volume By Sapphire for the Period 2021-2031
  • Historical Data and Forecast of Thailand Power Electronics Market Revenues & Volume By Others for the Period 2021-2031
  • Historical Data and Forecast of Thailand Power Electronics Market Revenues & Volume By Application for the Period 2021-2031
  • Historical Data and Forecast of Thailand Power Electronics Market Revenues & Volume By Power Management for the Period 2021-2031
  • Historical Data and Forecast of Thailand Power Electronics Market Revenues & Volume By UPS for the Period 2021-2031
  • Historical Data and Forecast of Thailand Power Electronics Market Revenues & Volume By Renewable for the Period 2021-2031
  • Historical Data and Forecast of Thailand Power Electronics Market Revenues & Volume By Others for the Period 2021-2031
  • Historical Data and Forecast of Thailand Power Electronics Market Revenues & Volume By End Use for the Period 2021-2031
  • Historical Data and Forecast of Thailand Power Electronics Market Revenues & Volume By Telecommunication for the Period 2021-2031
  • Historical Data and Forecast of Thailand Power Electronics Market Revenues & Volume By Industrial for the Period 2021-2031
  • Historical Data and Forecast of Thailand Power Electronics Market Revenues & Volume By Automotive for the Period 2021-2031
  • Historical Data and Forecast of Thailand Power Electronics Market Revenues & Volume By Consumer Electronics for the Period 2021-2031
  • Historical Data and Forecast of Thailand Power Electronics Market Revenues & Volume By Military and defense for the Period 2021-2031
  • Historical Data and Forecast of Thailand Power Electronics Market Revenues & Volume By Energy and Power for the Period 2021-2031
  • Historical Data and Forecast of Thailand Power Electronics Market Revenues & Volume By Others for the Period 2021-2031
  • Thailand Power Electronics Import Export Trade Statistics
  • Market Opportunity Assessment By Device Type
  • Market Opportunity Assessment By Material
  • Market Opportunity Assessment By Application
  • Market Opportunity Assessment By End Use
  • Thailand Power Electronics Top Companies Market Share
  • Thailand Power Electronics Competitive Benchmarking By Technical and Operational Parameters
  • Thailand Power Electronics Company Profiles
  • Thailand Power Electronics Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Thailand Power Electronics Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Thailand Power Electronics Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

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 Power Electronics Market Overview

3.1 Thailand Country Macro Economic Indicators

3.2 Thailand Power Electronics Market Revenues & Volume, 2021 & 2031F

3.3 Thailand Power Electronics Market - Industry Life Cycle

3.4 Thailand Power Electronics Market - Porter's Five Forces

3.5 Thailand Power Electronics Market Revenues & Volume Share, By Device Type, 2021 & 2031F

3.6 Thailand Power Electronics Market Revenues & Volume Share, By Material, 2021 & 2031F

3.7 Thailand Power Electronics Market Revenues & Volume Share, By Application, 2021 & 2031F

3.8 Thailand Power Electronics Market Revenues & Volume Share, By End Use, 2021 & 2031F

4 Thailand Power Electronics Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for energy-efficient solutions in various industries

4.2.2 Government initiatives to promote renewable energy sources

4.2.3 Growing adoption of electric vehicles in Thailand

4.3 Market Restraints

4.3.1 High initial investment cost for power electronics equipment

4.3.2 Lack of skilled workforce in the power electronics industry

4.3.3 Volatility in raw material prices impacting manufacturing costs

5 Thailand Power Electronics Market Trends

6 Thailand Power Electronics Market, By Types

6.1 Thailand Power Electronics Market, By Device Type

6.1.1 Overview and Analysis

6.1.2 Thailand Power Electronics Market Revenues & Volume, By Device Type, 2021-2031F

6.1.3 Thailand Power Electronics Market Revenues & Volume, By Power Discrete, 2021-2031F

6.1.4 Thailand Power Electronics Market Revenues & Volume, By Power Module, 2021-2031F

6.1.5 Thailand Power Electronics Market Revenues & Volume, By Power IC, 2021-2031F

6.2 Thailand Power Electronics Market, By Material

6.2.1 Overview and Analysis

6.2.2 Thailand Power Electronics Market Revenues & Volume, By Silicon Carbide, 2021-2031F

6.2.3 Thailand Power Electronics Market Revenues & Volume, By Gallium Nitride, 2021-2031F

6.2.4 Thailand Power Electronics Market Revenues & Volume, By Sapphire, 2021-2031F

6.2.5 Thailand Power Electronics Market Revenues & Volume, By Others, 2021-2031F

6.3 Thailand Power Electronics Market, By Application

6.3.1 Overview and Analysis

6.3.2 Thailand Power Electronics Market Revenues & Volume, By Power Management, 2021-2031F

6.3.3 Thailand Power Electronics Market Revenues & Volume, By UPS, 2021-2031F

6.3.4 Thailand Power Electronics Market Revenues & Volume, By Renewable, 2021-2031F

6.3.5 Thailand Power Electronics Market Revenues & Volume, By Others, 2021-2031F

6.4 Thailand Power Electronics Market, By End Use

6.4.1 Overview and Analysis

6.4.2 Thailand Power Electronics Market Revenues & Volume, By Telecommunication, 2021-2031F

6.4.3 Thailand Power Electronics Market Revenues & Volume, By Industrial, 2021-2031F

6.4.4 Thailand Power Electronics Market Revenues & Volume, By Automotive, 2021-2031F

6.4.5 Thailand Power Electronics Market Revenues & Volume, By Consumer Electronics, 2021-2031F

6.4.6 Thailand Power Electronics Market Revenues & Volume, By Military and defense, 2021-2031F

6.4.7 Thailand Power Electronics Market Revenues & Volume, By Energy and Power, 2021-2031F

7 Thailand Power Electronics Market Import-Export Trade Statistics

7.1 Thailand Power Electronics Market Export to Major Countries

7.2 Thailand Power Electronics Market Imports from Major Countries

8 Thailand Power Electronics Market Key Performance Indicators

8.1 Average energy efficiency improvement rate of power electronics products

8.2 Percentage of government subsidies allocated to promote renewable energy adoption

8.3 Growth rate of electric vehicle sales in Thailand

9 Thailand Power Electronics Market - Opportunity Assessment

9.1 Thailand Power Electronics Market Opportunity Assessment, By Device Type, 2021 & 2031F

9.2 Thailand Power Electronics Market Opportunity Assessment, By Material, 2021 & 2031F

9.3 Thailand Power Electronics Market Opportunity Assessment, By Application, 2021 & 2031F

9.4 Thailand Power Electronics Market Opportunity Assessment, By End Use, 2021 & 2031F

10 Thailand Power Electronics Market - Competitive Landscape

10.1 Thailand Power Electronics Market Revenue Share, By Companies, 2024

10.2 Thailand Power Electronics Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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