Thailand Oil and Gas Market Growth, Size, Trends, Share, Revenue, Challenges and Future Outlook
Thailand Oil and Gas Market Size- By Sector- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Oct-2023 | Report ID: POAE2366 | Pages: 1 - 104 | Formats*: |
| Category : Power & Energy | |||
Thailand Oil and Gas Market Introduction and Overview
According to SPER Market Research, the Thailand Oil and Gas Market is estimated to reach USD XX billion by 2033 with a CAGR of 2.5%.
The report includes an in-depth analysis of the Thailand Oil and Gas Market, including market size and trends, product mix, Plantations, and supplier analysis. Oil and natural gas serve as the main fuel for the whole world economy and a sizable portion of the energy sector. What distinguishes the oil and gas industry from other industries are the unpredictable and turbulent upstream market, the varied operating limitations in the midstream market, and the concentration of operations in the downstream market. However, there are many opportunities on the market, particularly in the field of sustainability.
- June 2023: PSCs for Block G1/65 and Block G3/65 were signed with the Minister of Energy by PTT Exploration and Production Public Company Limited (PTTEP) and Domestic Production Asset Group. The two offshore blocks were given to PTTEP during the 24th Thailand Petroleum Bidding Round.
- May 2022: To support Thailand's energy security nations, PTT Exploration and Production Public Company Limited (PTTEP), which is in charge of developing the business in petroleum exploration, development, and production, made the decision to divert all of its equity crude production from its Oman location project to domestic Thai refineries rather than trading the barrels on the world market.
Market Opportunities and Challenges
The demand for petroleum products and expanding natural gas pipeline capacity are two medium-term variables that are anticipated to propel the Thailand oil and gas market during the forecast period. Companies are adopting the gas to liquid technology to reduce the pollution levels and to produce high quality petroleum products. The conversion of natural gas to high quality liquid products is done through gas to liquid technology. International support and investment in the oil & gas industry is growing the market. Also, over the forecast period, the discovery of new oil and gas sources is anticipated to open up a number of chances for the Thailand oil and gas industry. Also, the market participants are expected to have access to a wide range of opportunities as a result of technological advancements and R&D investments in techniques employed in the oil and gas industry.
The Thailand oil and gas sector, however, may be hampered by the nation's new intentions to switch to renewable energy sources. Additionally, the oil & upstream market's high equipment and process costs are predicted to impede market expansion. People's lack of awareness and the delay in revising the petroleum act are another two important factors that could restrain market expansion over the forecasted period.
Market Competitive Landscape
The market exhibits a moderate level of fragmentation, with several major players, including Bangchak Corporation PCL, Chevron Corporation, MedcoEnergi, Mitsui Oil Exploration Co. Ltd., Pan Orient Energy (Siam) Ltd., PTT Public Company Limited, Royal Dutch Shell PLC, Sea Oil Energy Limited, TotalEnergies SE, Others. In the upcoming years, several of these players plan to increase their market shares, produce more income, and expand their production lines by using a variety of market strategies like partnerships, mergers, product launches, and capacity development.
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 Sector |
| Regions covered | Central Thailand, Eastern Thailand, Northern Thailand, Southern Thailand and Western Thailand |
| Companies Covered | Bangchak Corporation PCL, Chevron Corporation, MedcoEnergi, Mitsui Oil Exploration Co. Ltd., Pan Orient Energy (Siam) Ltd., PTT Public Company Limited, Royal Dutch Shell PLC, Sea Oil Energy Limited, TotalEnergies SE, Others |
COVID-19 Impact on Thailand Oil and Gas Market
The Covid-19 epidemic had an effect on Thailand's oil and gas supply and consumption. Manufacturers were forced to suspend production as a result of a lack of raw materials, widespread lockdowns, and supply chain problems, which regrettably slowed the growth of the market. The launch of vaccinations to combat the COVID-19 pandemic is likely to support market growth throughout the course of the forecast period. The Covid-19 epidemic had a significant influence on the oil and gas sector as oil demand decreased on both the domestic and global markets.
Key Target Audience:
- Energy and Petrochemical Corporations
- Energy Consultants and Advisors
- Energy Consumers
- Environmental and Conservation Organizations
- Oil and Gas Companies
- Safety and Health Authorities
- Technology and Innovation Centers
- Others
Our in-depth analysis of the Thailand Oil and Gas Market includes the following segments:
| By Sector: |
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| By Region: |
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Key Topics Covered in the Report:
- Thailand Oil and Gas Market Size (FY’2023-FY’2033)
- Overview of Thailand Oil and Gas Market
- Segmentation of Thailand Oil and Gas Market By Sector (Downstream, Midstream, Upstream)
- Statistical Snap of Thailand Oil and Gas Market
- Expansion Analysis of Thailand Oil and Gas Market
- Problems and Obstacles in Thailand Oil and Gas Market
- Competitive Landscape in the Thailand Oil and Gas Market
- Impact of COVID-19 and Demonetization on Thailand Oil and Gas Market
- Details on Current Investment in Thailand Oil and Gas Market
- Competitive Analysis of Thailand Oil and Gas Market
- Prominent Players in the Thailand Oil and Gas Market
- SWOT Analysis of Thailand Oil and Gas Market
- Thailand Oil and Gas Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Thailand Oil and Gas Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Thailand Oil and Gas Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Thailand Oil and Gas Market
7. Thailand Oil and Gas Market, By Sector (USD Million)
7.1. Thailand Oil and Gas Market Value Share and Forecast, By Sector, 2023-20337.2. Downstream7.3. Midstream7.4. Upstream
8. Thailand Oil and Gas Market Forecast, 2019-2033 (USD Million)
8.1. Thailand Oil and Gas Market Size and Market Share
9. Thailand Oil and Gas Market, By Sector, 2019-2033 (USD Million)
9.1. Thailand Oil and Gas Market Size and Market Share By Sector (2019-2026)9.2. Thailand Oil and Gas Market Size and Market Share By Sector (2027-2033)
10. Thailand Oil and Gas Market, By Region, 2019-2033 (USD Million)
10.1. Thailand Oil and Gas Market Size and Market Share By Region (2019-2026)10.2. Thailand Oil and Gas Market Size and Market Share By Region (2027-2033)10.3. Central Thailand10.4. Eastern Thailand10.5. Northern Thailand10.6. Southern Thailand10.7. Western Thailand
11. Company Profile
11.1. Bangchak Corporation PCL11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments11.2. Chevron Corporation11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments11.3. MedcoEnergi11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments11.4. Mitsui Oil Exploration Co. Ltd.11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments11.5. Pan Orient Energy (Siam) Ltd.11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments11.6. PTT Public Company Limited11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments11.7. Royal Dutch Shell PLC11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments11.8. Sea Oil Energy Limited11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments11.9. Total Energies SE11.9.1. Company details11.9.2. Financial outlook11.9.3. Product summary11.9.4. Recent developments11.10. Others
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. 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.
Frequently Asked Questions About This Report
Thailand Oil and Gas Market is projected to reach USD XX billion by 2033, growing at a CAGR of 2.5% during the forecast period.
Thailand Oil and Gas Market grew in market size from 2023. The Market is expected to reach USD XX billion by 2033, at a CAGR of 2.5% during the forecast period.
Thailand Oil and Gas Market CAGR of 2.5% during the forecast period.
"You can get the sample pages by clicking the link -Click Here"
Thailand Oil and Gas Market size is USD XX billion from 2023 to 2033.
Thailand Oil and Gas Market Segment is Covered By Sector
The Asia-Pacific region is anticipated to have the highest market share in Thailand Oil and Gas Market.
The key players in the market include Companies Covered Bangchak Corporation PCL, Chevron Corporation, MedcoEnergi, Mitsui Oil Exploration Co. Ltd., Pan Orient Energy (Siam) Ltd., PTT Public Company Limited, Royal Dutch Shell PLC, Sea Oil Energy Limited, TotalEnergies SE, Others
Oil and natural gas serve as the main fuel for the whole world economy and a sizable portion of the energy sector.
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