Forecast: Wind Energy Consumption in Thailand

Wind energy consumption in Thailand has seen significant fluctuations over the past decade, beginning from a minimal consumption level in 2013. Notable increases were observed in 2017 with a 175% year-on-year growth, and 2019 with a 118.75% increase. However, there were also periods of decline, such as in 2015 and 2020. By 2023, wind energy consumption stood at 0.035 Exajoules with a year-on-year increase of 9.38% and a 5-year CAGR of 16.95%.

Looking ahead, from 2024 to 2028, a steady increase in consumption is forecasted with a 5-year CAGR of 4.45%, amounting to a total growth rate of 24.32% over this period. This indicates a more stabilized yet consistent upward trend in wind energy utilization in Thailand.

Future trends to watch for include:

• Government policies and incentives to promote renewable energy.
• Technological advancements in wind energy infrastructure and efficiency.
• Potential shifts in energy market dynamics and consumer demand.