Table of Contents
Critical Industries, such as Oil and Gas and Chemicals, not likely to be Impacted by Political Turmoil
This study analyses the Thai automation industry and the opportunities for automation vendors. It discusses the revenue generated by automation and safety system suppliers and the drivers, restraints impacting the adoption of automation technologies. The objective is to identify major end users, the distribution channel for each product and the major projects that use automation and safety systems. It also discusses the various parameters considered by end users while making a purchase decision. The study also forecasts revenue and the growth rates until 2018, the trends in Thailand and what suppliers can do to improve and/or retain growth.
Executive Summary—Introduction to Thailand
Thailand—Key Performance Indicators
-Thailand's economy shrank over % in the first quarter of 2014. It is the first on-quarter contraction in a year, as exports remained weak and domestic consumption was hurt by months of political turmoil.
-In November 2013, anti-government protests erupted in Bangkok, forcing state agencies to close. The caretaker administration has only limited spending and borrowing powers.
-The Thai economy expanded by % in 2013 with slower growth of household consumption and merchandise export. Private investment grew by just % during the same period.
Trends of Interest to Automation Suppliers
Capacity utilization in Thailand increased to index points in May 2014 from index points in April of 2014. Retrofitting and servicing will be important contributors as several existing production facilities are being modernized. This has become important for end users to remain globally competitive.
GDP Annual Growth Rate (%)
Thailand boasts of an attractive trade infrastructure, incentives and tax benefits to boost industrialization and economic growth. Higher net exports of goods and services added to GDP on the demand side. In future, recovery in domestic demand will be gradual. Thailand, being an export-oriented country, is exposed to external economic shocks, which lower demand for Thai-made products, thereby impacting the trade balance.
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