Thailand Industrial Process Automation Market is Predicted to Reach USD 752 Million at a CAGR of 6 % by 2030

Thailand Industrial Process Automation Market is Predicted to Reach USD 752 Million at a CAGR of 6 % by 2030

 

According to industry analysts at Next Move Strategy Consulting, the Thailand Industrial Process Automation Market is predicted to reach USD 752 million at a CAGR of 6% by 2030. The rise in renewable energy infrastructure and the Thai government’s push for modernization are key factors propelling the demand for advanced automation solutions across the country’s key industries, according to a new market report.

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Renewable Energy Expansion Boosts Automation Demand

Thailand’s emphasis on renewable energy, such as solar, wind, and hydroelectric power, is driving the demand for sophisticated automation solutions in the country’s power generation and distribution sectors. The government's push to expand renewable energy use has led to significant infrastructure upgrades, including the launch of the FTIX platform by the Federation of Thai Industries and the Thailand Greenhouse Gas Management Organization in 2023. The need to manage decentralized and intermittent energy sources efficiently requires advanced control and automation technologies such as Distributed Control Systems (DCS), Programmable Logic Controllers (PLC), and Manufacturing Execution Systems (MES).

Government Initiatives Accelerating Industrial Automation

The Thailand 4.0 initiative is accelerating the adoption of industrial process automation technologies, further fueling market growth. This national initiative, designed to transform the country into a global leader in robotics and automation by 2026, promotes the adoption of cutting-edge automation solutions in industries like robotics, sensors, and DCS. These efforts aim to improve productivity, operational efficiency, and competitiveness across various sectors. With support from government initiatives and industry partnerships, Thailand is poised to see substantial growth in industrial automation solutions, driving demand for increasingly integrated and advanced technologies.

Challenges: Lack of Standardization Impeding Growth

One of the key challenges facing the industrial process automation market in Thailand is the absence of standardization across automation systems. Many vendors develop proprietary systems, resulting in vendor lock-in, which can limit flexibility and increase costs. This issue reduces innovation and discourages investment, hindering broader market adoption. To overcome this challenge, the industry must move towards standardization, offering businesses greater flexibility and reducing reliance on specific vendors.

Opportunities in Industry 4.0 Technologies

The emergence of Industry 4.0 technologies such as the Internet of Things (IoT), cloud computing, and artificial intelligence (AI) is creating new opportunities for the industrial process automation market. These technologies enable companies to gather and analyze vast amounts of real-time data, providing actionable insights that help optimize production processes. As these technologies continue to evolve, companies are partnering with tech innovators to create new, advanced automation solutions that push the boundaries of efficiency and productivity.

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Competitive Landscape

The Thailand industrial process automation market is highly competitive, with several key players shaping the industry landscape. Notable companies operating in this space include Siemens AG, Honeywell International, Schneider Electric, Mitsubishi Electric, Rockwell Automation, Emerson Electric Co., ABB Ltd., Omron Corp., Fanuc Corp., and Toshiba Corp. These market leaders offer a broad array of automation solutions that cater to the diverse needs of industries such as oil and gas, chemical processing, and pharmaceuticals.

Market Outlook

With the Thailand Industrial Process Automation Market forecast to grow at a CAGR of 6%, reaching USD 752 million by 2030, the country is positioning itself as a key hub for automation solutions in Southeast Asia. The growth of renewable energy infrastructure, government initiatives, and the rise of Industry 4.0 technologies are paving the way for a future of smarter, more efficient industrial operations in Thailand.

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