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Market Feasibility Research: Prioritize renewable energy segments to target and recommendation for an investment opportunity in Thailand. 

Gather fact and figure from key industry experts and conduct thorough desk research to verify growth opportunity in the renewable energy sector (Municipal Solid Waste, Industrial Solid Waste, Biogas, Biomass, Plastic Waste, and Hydrogen).

We meticulously assembled a dedicated team and divided them into four specialized task forces

  • Market Analysts: Our market analyst explored six renewable energy sectors and their alignment with Thailand's market potential and development targets. To enhance the case study, consider competitive analysis, regulatory insights, market projections, and risk mitigation strategies. This ensures the client's project is well-prepared for Thailand's evolving renewable energy landscape.

  • Database Management Team: Our database management began by searching for data from the Department of Industrial Works (DIW) and gathering insights from trusted sources, including Provincial Electricity Authority (PEA), Electricity Generating Authority of Thailand (EGAT), Energy Regulatory Commission of Thailand (ERC), and industry associations. This curated data is then verified, aligned with customer needs, and transformed into a structured database, empowering project coordinators.

  • Project Coordinators: Our project coordinator initiated calls with 112 companies and factories to invite them for interviews about the overall market trends in Thailand. A unique challenge emerges when reaching government associations, where the head's availability and meeting priorities can be unpredictable. Which has to cope with the uncertain availability of agency leaders and shifting priorities in scheduling meetings.

  • Project Management Team: Our Project Manager (PM) collaborated closely with our customer to ensure seamless execution. Our PM also conducted comprehensive interviews with key opinion leaders  to realize the market trend for each industry. Furthermore, our PM diligently monitors and continuously enhances the report in close collaboration with our client.

The Process

Our market feasibility research gave clients an enriched, report outlined Thailand National Energy Plan including data in installed capacity of Renewable Energy and targeted installed capacity for the next 15 years. We also reported on revenue model of Small Power Producers (SPPs) and Very Small Power Producers (VSPPs). As well included market growth potential estimation, market structure and competitive intensity also investment and profitability analysis. 

The Outcome

We conducted in-depth interviews with over 20 key opinion leaders (KOLs) in the renewable energy sector as well as government agencies. The discussion revolved around the current renewable energy market, including its potential and the challenges it currently faces. These KOLs usually have very tight schedules and we need to gather their insights as desk research information is very limited especially for the hydrogen industry.

The Challenge

Our client, a recognized leader in the industrial solutions sector, is known for their expertise in providing advanced equipment for environmental solutions across industries such as fine chemicals, pharmaceuticals, and water and wastewater treatment. As a subsidiary of a global market leader, they excel in offering cutting-edge technologies, including steel and aluminum solutions, demolition equipment, innovative lightweight materials for various modes of transportation, welding solutions, construction machinery, and electric power plants. Their current strategic focus is set on expanding into the thriving Thai market, with a strong emphasis on the renewable energy sector.

The Client

Contact Us

Sona Topas Tower - 5A Floor Jl. Jend Sudirman Kav.26 Jakarta-12920 Indonesia

Office in Indonesia

+62 816 195 8860

888/143 Mahatun Plaza - 14 Floor, Ploenchit Road, Lumpini, Patumwan, Bangkok

Office in Singapore

+662 627 3080

888/143 Mahatun Plaza - 14 Floor, Ploenchit Road, Lumpini, Patumwan, Bangkok

Office in Malaysia

+662 627 3080

888/143 Mahatun Plaza - 14 Floor, Ploenchit Road, Lumpini, Patumwan, Bangkok

Office in Thailand

+662 627 3080

© 2024 by Canvassco

+62 816 195 8860

Sona Topas Tower - 5A Floor Jl. Jend Sudirman Kav.26 Jakarta-12920 Indonesia

Office in Indonesia

+62 816 195 8860

Sona Topas Tower - 5A Floor Jl. Jend Sudirman Kav.26 Jakarta-12920 Indonesia

Office in Indonesia

+60 4 371 1100

1471, Lorong Perusahaan Maju 8, Kawasan Perindustrian Perai 4, 13600, Penang, Malaysia

Office in Malaysia

+65 8213 4298

C/O WeWork, Office 03-121, 15 Beach Road, 189677, Singapore

Office in Singapore

+662 627 3080

888/143 Mahatun Plaza - 14 Floor, Ploenchit Road, Lumpini, Patumwan, Bangkok

Office in Thailand

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