Power EPC Market in Thailand Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Power EPC Companies in Thailand and the market is segmented by Sector (Power Generation (Thermal, Renewables, and Others) and Transmission and Distribution). The report offers the market size and forecasts in revenue (USD billion) for all the above segments.

Power EPC Market in Thailand Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Thailand Power EPC Market Size

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Thailand Power EPC Market Summary
Study Period 2021 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2021 - 2023
CAGR 3.00 %
Market Concentration Low

Major Players

Thailand Power EPC Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Thailand Power EPC Market Analysis

The Thailand Power EPC Market is expected to register a CAGR of greater than 3% during the forecast period.

COVID-19 negatively impacted the market in 2020. Presently the market has reached pre-pandemic levels.

  • Over the long term, factors such as increasing population and power consumption are resulting in the growth of the power market. With growing power demand, projects under construction and in the planning stage are expected to drive the market significantly.
  • On the other hand, growing environmental and sustainability concerns about coal-fired power plants are expected to restrain the market during the forecast period.
  • Nevertheless, the development of nuclear power plants for commercial power generation remains a significant opportunity for the market during the forecast period.

Thailand Power EPC Industry Overview

The Thailand Power EPC Market is moderately consolidated. Some of the major companies (not in particular order) include Mitsubishi Hitachi Power Systems, Ltd, Marubeni Corporation, General Electric Company, Poyry PLC, Black & Veatch Corporation, and others.

Thailand Power EPC Market Leaders

  1. Mitsubishi Hitachi Power Systems, Ltd

  2. Marubeni Corporation

  3. General Electric Company

  4. Poyry PLC

  5. Black & Veatch Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Market Concentration-Thailand Power EPC Market.png
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Thailand Power EPC Market News

  • October 2022: Doosan Škoda Power won a contract from the Thai company TTCL to supply a 20MW steam turbine generator for a newly built steam power plant in the Rayong province, Thailand.
  • February 2022: Glow SPP 2 Company Limited signed a contract with Jurong Engineering Limited and Thai Jurong Engineering Limited. Under this contract would construct a 96 MW SPP project, a cogeneration project. The new facility is built in the Map Ta Phut Industrial Estate in Rayong Province. by 2024, the plant is expected to be operational.

Thailand Power EPC Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2027
  • 4.3 Installed Power Generation Capacity and Forecast in MW, till 2027
  • 4.4 Thailand Power Generation Installed Capacity, by Source, in Mega Watt, 2011-2021
  • 4.5 Key Projects Information
  • 4.6 Recent Trends and Developments
  • 4.7 Government Policies and Regulations
  • 4.8 Market Dynamics
    • 4.8.1 Drivers
    • 4.8.2 Restraints
  • 4.9 Supply Chain Analysis
  • 4.10 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Sector
    • 5.1.1 Power Generation
    • 5.1.1.1 Thermal
    • 5.1.1.2 Renewables
    • 5.1.1.3 Others
    • 5.1.2 Transmission and Distribution

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Black & Veatch Corporation
    • 6.3.2 General Electric Company
    • 6.3.3 Mitsubishi Hitachi Power Systems, Ltd
    • 6.3.4 Poyry PLC
    • 6.3.5 Toshiba Corp.
    • 6.3.6 Marubeni Corporation
    • 6.3.7 DP Cleantech Group
    • 6.3.8 B.Grimm Power Public Company Limited
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Thailand Power EPC Industry Segmentation

Power EPC services are defined as end-to-end services for a power plant project, from designing the system, procuring the components, and installing the project.

The Thailand Power EPC Market is segmented by sector. By sector, the market is segmented into power generation (thermal, renewables, and others) and transmission and distribution. For each segment, the market sizing and forecasts have been done based on revenue (USD Billion)

Sector Power Generation Thermal
Renewables
Others
Transmission and Distribution
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Thailand Power EPC Market Research FAQs

What is the current Thailand Power EPC Market size?

The Thailand Power EPC Market is projected to register a CAGR of greater than 3% during the forecast period (2025-2030)

Who are the key players in Thailand Power EPC Market?

Mitsubishi Hitachi Power Systems, Ltd, Marubeni Corporation, General Electric Company, Poyry PLC and Black & Veatch Corporation are the major companies operating in the Thailand Power EPC Market.

What years does this Thailand Power EPC Market cover?

The report covers the Thailand Power EPC Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the Thailand Power EPC Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Power EPC in Thailand Industry Report

Statistics for the 2025 Thailand Power EPC market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Thailand Power EPC analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.