Forecast: Share of Renewable Energy and Nuclear Energy Use in Thailand

Based on the provided data, Thailand's share of renewable and nuclear energy use has shown a steady upward trend from 2013 to 2023. The value in 2023 stood at 1.37 units of energy use. Over the past decade, the year-on-year variations show fluctuating but overall positive growth rates. The last two years specifically saw increases of 2.38% and 2.28% year-on-year.

The compound annual growth rate (CAGR) over the last five years was 2.5%, indicating a consistent annual growth trend. For the upcoming forecast period from 2024 to 2028, the energy use share is expected to grow at a slower pace, with a 5-year forecasted CAGR of 1.58% resulting in an overall growth rate of 8.13% over this period.

Future trends to watch for include:

• Policies promoting renewable energy investments
• Technological advancements in clean energy
• Potential shifts in global energy markets affecting local decision-making
• Environmental regulations and sustainability goals influencing energy portfolios