| Product Code: ETC4521446 | Publication Date: Jul 2023 | Updated Date: Feb 2026 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Thailand small hydropower market witnessed a notable decline in import momentum from 2023 to 2024, with a growth rate of -74.37%. The compound annual growth rate (CAGR) for imports from 2020 to 2024 stood at -29.59%. This significant downturn could be attributed to shifts in demand dynamics or changes in trade policies impacting market stability.

Small hydropower projects are contributing to Thailand renewable energy goals by harnessing the energy potential of small rivers and streams, providing clean electricity to rural areas.
The Thailand Small Hydropower market is witnessing significant growth, driven by the country focus on harnessing hydropower resources for clean and sustainable electricity generation. Small hydropower projects, typically with capacities under 10 megawatts, contribute to decentralized power generation and support rural electrification. Thailand efforts to diversify its energy sources, promote hydropower development, and achieve energy independence are driving investments in small hydropower projects. Government support, favorable regulatory frameworks, and collaborations with local communities are key factors contributing to the growth of this market.
The Small Hydropower market in Thailand faces challenges related to environmental considerations, permitting processes, and land-use conflicts. Balancing the environmental impact of small hydropower projects with the need for clean energy poses a significant challenge. Complex permitting processes and potential conflicts over land use may lead to project delays. Collaborative efforts between stakeholders, including environmental agencies, local communities, and project developers, are essential to navigate these challenges and promote sustainable development in the small hydropower sector.
The Thailand Small Hydropower market faced challenges during the COVID-19 pandemic, with disruptions in construction activities affecting the development of small hydropower projects. Small hydropower, known for its sustainable and decentralized energy generation, encountered setbacks in project timelines. However, post-pandemic, the market is recovering as Thailand reaffirms its commitment to renewable energy. Increased government support for small hydropower initiatives and the need for diversified energy sources are driving renewed interest in the Thailand Small Hydropower market. It remains pivotal in supporting the country goals for clean and locally sourced power generation.
Small hydropower systems generate electricity from flowing water. Players in this market may include Voith, Andritz Hydro, and GE Renewable Energy.
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 Small Hydropower Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Small Hydropower Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Small Hydropower Market - Industry Life Cycle |
3.4 Thailand Small Hydropower Market - Porter's Five Forces |
3.5 Thailand Small Hydropower Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
3.6 Thailand Small Hydropower Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Thailand Small Hydropower Market Revenues & Volume Share, By Components, 2021 & 2031F |
4 Thailand Small Hydropower Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government support and incentives for renewable energy projects in Thailand |
4.2.2 Increasing focus on sustainable energy sources |
4.2.3 Growing awareness about environmental impact of traditional energy sources |
4.3 Market Restraints |
4.3.1 High upfront costs and investment required for small hydropower projects |
4.3.2 Challenges in obtaining necessary permits and approvals for project development |
4.3.3 Limited availability of suitable sites for small hydropower projects |
5 Thailand Small Hydropower Market Trends |
6 Thailand Small Hydropower Market, By Types |
6.1 Thailand Small Hydropower Market, By Capacity |
6.1.1 Overview and Analysis |
6.1.2 Thailand Small Hydropower Market Revenues & Volume, By Capacity, 2021-2031F |
6.1.3 Thailand Small Hydropower Market Revenues & Volume, By Up to 1 MW, 2021-2031F |
6.1.4 Thailand Small Hydropower Market Revenues & Volume, By 1??10 MW, 2021-2031F |
6.2 Thailand Small Hydropower Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Thailand Small Hydropower Market Revenues & Volume, By Micro Hydropower, 2021-2031F |
6.2.3 Thailand Small Hydropower Market Revenues & Volume, By Mini Hydropower, 2021-2031F |
6.3 Thailand Small Hydropower Market, By Components |
6.3.1 Overview and Analysis |
6.3.2 Thailand Small Hydropower Market Revenues & Volume, By Electromechanical Equipment, 2021-2031F |
6.3.3 Thailand Small Hydropower Market Revenues & Volume, By Electric infrastructure, 2021-2031F |
6.3.4 Thailand Small Hydropower Market Revenues & Volume, By Civil Works, 2021-2031F |
7 Thailand Small Hydropower Market Import-Export Trade Statistics |
7.1 Thailand Small Hydropower Market Export to Major Countries |
7.2 Thailand Small Hydropower Market Imports from Major Countries |
8 Thailand Small Hydropower Market Key Performance Indicators |
8.1 Capacity utilization rate of existing small hydropower plants |
8.2 Average project development timeline for small hydropower projects |
8.3 Investment trends in the renewable energy sector in Thailand |
9 Thailand Small Hydropower Market - Opportunity Assessment |
9.1 Thailand Small Hydropower Market Opportunity Assessment, By Capacity, 2021 & 2031F |
9.2 Thailand Small Hydropower Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Thailand Small Hydropower Market Opportunity Assessment, By Components, 2021 & 2031F |
10 Thailand Small Hydropower Market - Competitive Landscape |
10.1 Thailand Small Hydropower Market Revenue Share, By Companies, 2024 |
10.2 Thailand Small Hydropower Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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