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 | |
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.
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.
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.
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.
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.
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.
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.
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 |