Thailand Energy Management System Market revenues is projected to grow at a CAGR of 9.8% respectively during 2024-30F

Solution type sector by Type held the highest revenue share in Thailand Energy Management System Market -6Wresearch

The Solution type led Thailand’s Energy Management System market in 2023, driven by its integrated approach that combines software and hardware to deliver comprehensive energy management capabilities. This end-to-end solution covers energy monitoring, data analytics, optimization, and reporting, providing strategy to manage energy consumption to enhance operational efficiency.

According to 6Wresearch, Thailand Energy Management System Market revenues is projected to grow at a CAGR of 9.8% respectively during 2024-30F. The energy management system market has witnessed significant growth in recent years, driven by investments in sectors such as retail, hospitality, and energy efficiency initiatives after rising electricity prices. There was an early hike of 20% in electricity price in 2023, which prompted businesses and households to seek solutions to optimize energy usage and reduce operational expenses.

In 2023, Thailand industrial sector expanded by 1.8%, increasingly aligned with ESG standards to enhance competitiveness and attract investment. EMS aids this by enabling automating energy reporting, reducing energy wastage and managing carbon emissions. This mitigates the risk of penalties for non-compliance and supports long-term operational sustainability. Further, Thailand’s 32.7 million tourists in 2024 spurred demand for hotels, prompting 2- and 3-star establishments to adopt EMS integrated with IoT and smart building technologies for real-time monitoring, predictive maintenance, and energy optimization.

According to Shubham Deep, Senior Research Analyst, 6Wresearch, the Industrial sector led Thailand's Energy Management System market by application in 2023, driven by the continued growth of industries such as manufacturing, chemicals, and automotive, which collectively saw a 4.27% increase. This expansion has heightened the demand for energy-intensive processes as businesses seek to mitigate high electricity costs and reduce operational expenses.

Thailand Energy Management System Market (2024-2030) report provides an in-depth analysis with 17 figures and 5 tables, covered in 67 pages. The report thoroughly covers market by type, solution and application. Thailand Energy Management System Market outlook report provides an unbiased and detailed analysis of the on-going Thailand Energy Management System 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.