Thailand Electrical Materials Market Overview
According to SPER Market Research, the Thailand Electrical Materials Market is estimated to grow with a CAGR of 15.52%.
Electric materials are a broad category of materials that are specifically designed for use in electrical systems and applications. They encompass a wide range of components, devices, and equipment that are essential for the generation, transmission, distribution, and utilization of electricity. Electric materials include conductors, insulators, connectors, terminals, protective devices, sensors, power distribution equipment, enclosures, and specialized materials used in various industries and sectors. These materials are carefully engineered to meet electrical safety standards, provide efficient electrical conductivity, insulation, and protection, and enable the smooth operation of electrical systems.
Exploring the Growth Drivers of the Thailand Electrical Materials Industry.
The electrical materials industry in Thailand has seen significant growth driven by infrastructure development, renewable energy expansion, urbanization and real estate development, and industrialization and manufacturing. The government's focus on improving infrastructure has increased the demand for electrical materials in power generation, transmission, and distribution. The promotion of renewable energy sources has led to the installation of large-scale projects, creating a demand for materials such as solar panels and wind turbines. Rapid urbanization and construction have driven the need for electrical wiring and fixtures in residential, commercial, and industrial buildings. Thailand's emergence as a manufacturing hub has increased demand for materials used in automotive, electronics, and consumer goods industries.
What challenges does the Thailand Electrical Materials Market face?
The challenges faced by the Thailand Electrical Materials Market include volatile raw material prices, intense market competition, keeping up with technological advancements, and ensuring regulatory compliance. Fluctuations in raw material prices can disrupt the supply chain. The electrical materials market in Thailand is highly competitive, with numerous domestic and international players. This intense competition puts pressure on manufacturers to differentiate their products, offer competitive pricing, and maintain quality standards. Compliance with stringent regulations and safety standards is crucial in the electrical materials market. Rapid advancements in technology require electrical materials manufacturers to constantly upgrade their products to meet the evolving industry standards. Staying abreast of technological changes and investing in research and development can be a challenge for some market players. Manufacturers need to ensure their products meet the required certifications and adhere to relevant regulations, which can involve additional costs and complexity. These challenges collectively impact the operations and growth of the market.
In what ways has the COVID-19 pandemic affected Thailand Electrical Materials Market?
The COVID-19 pandemic has had significant impacts on the Thailand Electrical Materials Market. It disrupted global supply chains, leading to delays in the production and distribution of electrical materials due to lockdown measures, travel restrictions, and temporary factory closures. The economic slowdown caused by the pandemic resulted in reduced demand for electrical materials, as construction activities, infrastructure projects, and industrial operations decreased. The delay or cancellation of construction and infrastructure projects further affected the demand for electrical materials. Additionally, the implementation of remote work policies and digitalization increased the demand for digital solutions and technologies, potentially influencing the demand for specific types of electrical materials such as networking and communication equipment.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By End User
|
| Regions covered | Central Thailand, Eastern Thailand, Northern Thailand, Southern Thailand
|
| Companies Covered | ABB Electrification (Thailand) Co. Ltd, Fuji Electric (Thailand) Co., Ltd., Furukawa (Thailand) Co., Ltd., Giantlok Engineering Co., Ltd., Haco Electric (Thailand) Co. Ltd., Honeywell Electronic Materials (Thailand) Co., Ltd., Mitsubishi Electric Asia (Thailand) Co., Ltd., Schneider (Thailand) Limited, Siemens Limited, Sumitomo Electric Wintec (Thailand) Co. Ltd., Others
|
Key Target Audience
- Construction Industry
- Electrical Contractors
- Electrical Engineers and Designers
- Export Market
- Government and Public Sector
- Industrial Sector
- Maintenance and Repair Services
- Retailers and Wholesalers
- Utilities and Energy Companies
Thailand Electrical Materials Market Segmentation:
1. By Type:
- Thailand Electrical Materials Market Value Share and Forecast, By Type, 2023-2033
- Cable Duct
- Cable Management
- Circuit Breakers
- Electrical Conduit
- Light Switches
- Plugs & Sockets
- Voltage Switcher
- Others
2. By End User:
- Thailand Electrical Materials Market Value Share and Forecast, By End User, 2023-2033
- Commercial
- Domestic
- Industrial
3. By Region:
- Central Thailand
- Eastern Thailand
- Northern Thailand
- Southern Thailand
Key Topics Covered in the Report
- Thailand Electrical Materials Market Size (FY’2023-FY’2033)
- Outline of Thailand Electrical Materials Market
- Segmentation of Thailand Electrical Materials Market By Type (Cable Duct, Cable Management, Circuit Breakers, Electrical Conduit, Light Switches, Plugs & Sockets, Voltage Switcher, Others)
- Segmentation of Thailand Electrical Materials Market By End User (Commercial, Domestic, Industrial)
- Statistical Snap of Thailand Electrical Materials Market
- Growth Analysis of Thailand Electrical Materials Market
- Obstacles and Challenges in Thailand Electrical Materials Market
- Competitive Overview of the Thailand Electrical Materials Market
- Effect of COVID-19 and Demonetization on Thailand Electrical Materials Market
- Details on New Investment in Thailand Electrical Materials Market
- Competitive Analysis of Thailand Electrical Materials Market
- Key Market Participants in the Thailand Electrical Materials Market
- SWOT Analysis of Thailand Electrical Materials Market
- Thailand Electrical Materials Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Thailand Electrical Materials Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Thailand Electrical Materials Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Thailand Electrical Materials Market
7. Thailand Electrical Materials Market, By Type (USD Million)
7.1. Thailand Electrical Materials Market Value Share and Forecast, By Type, 2023-2033
7.2. Cable Duct
7.3. Cable Management
7.4. Circuit Breakers
7.5. Electrical Conduit
7.6. Light Switches
7.7. Plugs & Sockets
7.8. Voltage Switcher
7.9. Others
8. Thailand Electrical Materials Market, By End User (USD Million)
8.1. Thailand Electrical Materials Market Value Share and Forecast, By End User, 2023-2033
8.2. Commercial
8.3. Domestic
8.4. Industrial
9. Thailand Electrical Materials Market Forecast, 2019-2033 (USD Million)
9.1. Thailand Electrical Materials Market Size and Market Share
10. Thailand Electrical Materials Market, By Type, 2019-2033 (USD Million)
10.1. Thailand Electrical Materials Market Size and Market Share By Type (2019-2026)
10.2. Thailand Electrical Materials Market Size and Market Share By Type (2027-2033)
11. Thailand Electrical Materials Market, By End User, 2019-2033 (USD Million)
11.1. Thailand Electrical Materials Market Size and Market Share By End User (2019-2026)
11.2. Thailand Electrical Materials Market Size and Market Share By End User (2027-2033)
12. Thailand Electrical Materials Market, By Region, 2019-2033 (USD Million)
12.1. Thailand Electrical Materials Market Size and Market Share By Region (2019-2026)
12.2. Thailand Electrical Materials Market Size and Market Share By Region (2027-2033)
12.3. Central Thailand
12.4. Eastern Thailand
12.5. Northern Thailand
12.6. Southern Thailand
13. Company Profile
13.1. ABB Electrification (Thailand) Co. Ltd
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Fuji Electric (Thailand) Co., Ltd.
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Furukawa (Thailand) Co., Ltd.
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Giantlok Engineering Co., Ltd.
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Haco Electric (Thailand) Co. Ltd.
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Honeywell Electronic Materials (Thailand) Co., Ltd.
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Mitsubishi Electric Asia (Thailand) Co., Ltd.
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Schneider (Thailand) Limited
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Siemens Limited
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Sumitomo Electric Wintec (Thailand) Co. Ltd.
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
