Market Forecast By Charger Types (AC Charger and DC Charger), By End Consumers (Public and Private), And by Competitive Landscape
Product Code: ETC072121 | Publication Date: Jan 2025 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Thailand Electric Vehicle Charging Infrastructure Market |
CAGR | 7.5% |
Growing Sector | Commercial and workplace charging |
Forecast Period | 2025-2031 |
The Thailand Electric Vehicle Charging Infrastructure Market report thoroughly covers the market by charger type, and by end consumer. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Thailand is witnessing a significant shift towards electric mobility, driven by the government's initiatives to promote sustainable transportation. The electric vehicle (EV) market in Thailand is gaining momentum, and with it comes the need for a robust charging infrastructure to support the growing EV ecosystem. The Thailand Electric Vehicle Charging Infrastructure Market is experiencing rapid development, with various public and private entities investing in the deployment of charging stations across the country. This market synopsis provides an overview of the current landscape of the EV charging infrastructure market in Thailand, highlighting key players, market trends, government regulations, and the future outlook for the industry.
According to 6Wresearch, Thailand Electric Vehicle Charging Infrastructure Market size is projected to witness a CAGR of 7.5% during the forecast period of 2025-2031. The Thai government has been actively promoting the adoption of EVs and is committed to building a sustainable transportation ecosystem. To encourage the development of EV charging infrastructure, the government has implemented various supportive measures and incentives, including tax exemptions, subsidies, and grants. These initiatives aim to attract investments and accelerate the deployment of charging stations across the country, bolstering consumer confidence and driving the adoption of EVs.
One of the main challenges in the Thailand EV charging infrastructure market is the need for expansive and standardized charging infrastructure. As the number of EVs on the roads continues to grow, there is a demand for an extensive network of charging stations that are conveniently located and accessible. Ensuring interoperability and standardization of charging infrastructure is also essential to provide a seamless charging experience for EV owners. Overcoming these challenges requires close collaboration between government agencies, private companies, and other stakeholders to establish a comprehensive and integrated charging network.
The Thailand electric vehicle (EV) charging infrastructure market is witnessing significant growth, driven by the increasing adoption of electric vehicles in the country. Several key players are actively contributing to the development of the EV charging infrastructure network in Thailand. These leading players are actively investing in the expansion of EV charging infrastructure to meet the growing demand for electric vehicles in Thailand. By offering reliable and accessible charging solutions, they are playing a crucial role in driving the transition towards a sustainable transportation future.
The Thai government has taken notable initiatives to promote the development of the electric vehicle (EV) charging infrastructure across the country. Recognizing the importance of sustainable transportation and the potential of EVs in reducing carbon emissions, the government has implemented various measures to support the growth of this sector. These government initiatives are instrumental in creating an enabling environment for the expansion of electric vehicle charging infrastructure in Thailand. By supporting the growth of this sector, the government is paving the way for a sustainable and greener transportation future while encouraging the adoption of electric vehicles across the country.
The electric vehicle (EV) market in Thailand has been experiencing remarkable growth, driven by the increasing demand for clean and sustainable transportation solutions. As EV adoption continues to rise, the development of a robust charging infrastructure becomes paramount. The future of Thailand's electric vehicle charging infrastructure market holds immense potential and opportunities for growth. With advancements in technology, government support, and private sector initiatives, the EV charging infrastructure is poised for significant expansion in the coming years. This section explores the key factors and projections that shape the future landscape of Thailand's electric vehicle charging infrastructure market, highlighting the potential for innovation, collaboration, and a greener future.
According to Ravi Bhandari, Research Head, 6Wresearch, the adoption of electric vehicles (EVs) in Thailand is steadily growing, driving the need for a robust charging infrastructure. As part of the expanding EV charging network, AC chargers play a crucial role in providing convenient and accessible charging solutions for electric vehicle owners. AC chargers, also known as Level 2 chargers, offer a moderate charging speed suitable for overnight charging and longer parking durations. These chargers utilize alternating current to charge the vehicle's battery, making them compatible with a wide range of EV models. With the increasing demand for EVs in Thailand, the development and deployment of an extensive AC charger network are vital to support the transition towards a sustainable and greener transportation ecosystem.
Public charging stations form a critical component of the electric vehicle charging infrastructure in Thailand. These stations provide EV owners with convenient and reliable access to charging facilities while they are out and about. The availability of public charging stations across the country is essential for enhancing the confidence and convenience of EV owners, encouraging more individuals to embrace electric mobility. By expanding the public charging network, Thailand can further boost the adoption of electric vehicles and contribute to a sustainable and greener future for transportation.
The report offers a comprehensive study of the subsequent market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology – Sources of Information |
2.5 Assumptions |
3. Thailand Electric Vehicle Charging Infrastructure Market Overview |
3.1 Country Indicators |
3.2 Thailand Electric Vehicle Charging Infrastructure Market Revenues, 2021-2031F |
3.3 Thailand Electric Vehicle Charging Infrastructure Market Revenue Share, By Types, 2021 & 2031F |
3.4 Thailand Electric Vehicle Charging Infrastructure Market Revenue Share, By Applications, 2021 & 2031F |
3.5 Thailand Electric Vehicle Charging Infrastructure Market Industry Life Cycle |
3.6 Thailand Electric Vehicle Charging Infrastructure Market- Porter’s Five Forces |
4. Thailand Electric Vehicle Charging Infrastructure Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Thailand Electric Vehicle Charging Infrastructure Market Trends |
6. Thailand Electric Vehicle Charging Infrastructure Market Overview, By Types |
6.1 Thailand Electric Vehicle Charging Infrastructure Market Revenues, By AC Charger, 2021-2031F |
6.2 Thailand Electric Vehicle Charging Infrastructure Market Revenues, By DC Charger, 2021-2031F |
7. Thailand Electric Vehicle Charging Infrastructure Market Overview, By Applications |
7.1 Thailand Residential Electric Vehicle Charging Infrastructure Market Revenues, 2021-2031F |
7.2 Thailand Commercial Electric Vehicle Charging Infrastructure Market Revenues, 2021-2031F |
7.3 Thailand Others Electric Vehicle Charging Infrastructure Market Revenues, 2021-2031F |
8. Thailand Electric Vehicle Charging Infrastructure Market Key Performance Indicators |
9. Thailand Electric Vehicle Charging Infrastructure Market Opportunity Assessment |
9.1 Thailand Electric Vehicle Charging Infrastructure Market Opportunity Assessment, By Types, 2031F |
9.2 Thailand Electric Vehicle Charging Infrastructure Market Opportunity Assessment, By Applications, 2031F |
10. Thailand Electric Vehicle Charging Infrastructure Market Competitive Landscape |
10.1 Thailand Electric Vehicle Charging Infrastructure Market Revenue Share, By Companies, 2024 |
10.2 Thailand Electric Vehicle Charging Infrastructure Market Competitive Benchmarking, By Operating Parameters, 2024 |
11. Company Profiles |
12. Strategic Recommendations |
13. Disclaimer |
Market Forecast By Charger Types (AC Charger and DC Charger), By End Consumers (Public and Private), And by Competitive Landscape
Product Code: ETC072121 | Publication Date: Feb 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 80 | No. of Figures: 14 | No. of Tables: 8 |
Thailand electric vehicle charging infrastructure market report comprehensively covers the market by charger types and end consumers. Thailand electric vehicle charging infrastructure market report provides an unbiased and detailed analysis of the ongoing trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Thailand Electric Vehicle Charging Infrastructure Market has been growing rapidly. The government has been promoting the use of EVs in the country through various initiatives such as tax incentives and the promotion of EV manufacturing. In addition to the public charging stations, there are also various private charging options available, such as home charging stations and workplace charging stations. Overall, Thailand Electric Vehicle Charging Infrastructure Industry is rapidly growing and the government's efforts to promote the use of EVs are projected to further drive demand for such vehicles. Moreover, the government is investing heavily in the development of charging infrastructure across the country.
There has been a rapid increase in the adoption of EVs which further contributes to the demand for charging infrastructure. Also, there has been a significant drop in the prices of battery which makes EVs more affordable and cost-effective. Furthermore, the development of fast-charging and wireless charging systems is anticipated to make EVs even more convenient to consumers, driving growth for Thailand Electric Vehicle charging infrastructure market share.
The increasing number of battery electric vehicles on the roads of Thailand due to the National Electric Vehicle Policy of the country and the increased production by electric vehicle manufacturers is boosting the demand for electric chargers in the country. However, the market witnessed a decline during the outbreak of the Covid-19 pandemic and is expected to recover over the coming years.
According to 6Wresearch, Thailand electric vehicle charging infrastructure market size grew at a CAGR of 62.1% during 2020-2025. Government initiatives such as Provincial Electricity Authority (PEA), a state-run power distribution arm, announced its plan to build 137 charging stations by 2021 covering 75 provinces which would increase the number of electric vehicle chargers in the country. Also, state-run Electricity Generating Authority of Thailand (EGAT) is collecting data from a one-year test of its own newly developed electric motorcycles and buses in order to plan for charging outlet installation in Bangkok and upcountry.
DC chargers held the highest revenue share in the overall electric vehicle charging infrastructure market. Moreover, the Thailand Board of Investment approved certain projects by Delta, MCCT, Nissan and Toyota to encourage investment in charging-related products which would be a significant factor behind the increasing installation of electric chargers in the country.
The report provides a detailed analysis of the following market segments: