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 September 17, 2015 - 9:45 AM EDT
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Research and Markets: Turbine Market in Thailand 2015-2019 - Participation of IPPs and SPPs a Key Market Trend

Research and Markets ( has announced the addition of the "Turbine Market in Thailand 2015-2019" report to their offering.

The turbine market in Thailand to grow at a CAGR of 4.2% over the period 2014-2019.

The report includes the present scenario and the growth prospects of the turbine market in Thailand for the period 2015-2019. Based on type, the market can be segmented into two: steam turbines, gas turbines, and CCGT.

The report, Turbine Market in Thailand 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

The development of privatization policy is a critical trend observed in this market. Even though the power companies in Thailand ensure a quality power supply, the power sector is showing distortions, thus the government has envisaged power sector reform in the country.

According to the report, one driver that positively influences growth in this market is the increase in gas-fired power plants. The country has the 27th largest natural gas reserves in the world. The availability of domestic gas resources through limited domestic production and imports from other countries ensures a continuous gas supply to the power plants.

Further, the report states that the growing dependence on energy imports is a major challenge faced by this market. The country largely depends on energy imports to ensure power supply to the growing power demand. It imports almost 25% of its natural gas supply.

Key Vendors

- Alstom

- Dongfang Electric

- GE

- Shanghai Electric

- Siemens

Other Prominent Vendors

- Mitsubishi Electric

- Westinghouse

For more information visit

Research and Markets
Laura Wood, Senior Manager
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Sector: Turbines

Source: Business Wire (September 17, 2015 - 9:45 AM EDT)

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