Industry: Energy & Power | Publish Date: 26-May-2025 | No of Pages: 167 | No. of Tables: 129 | No. of Figures: 74 | Format: PDF | Report Code : EP713
Trump Tariffs Are Reshaping Global Business
Thailand Battery Market was valued at USD 1.14 billion in 2022, and is predicted to reach USD 4.01 billion by 2030, with a CAGR of 17.0% from 2023 to 2030.
A battery operates as a mechanism that stores energy and later releases it by transforming chemical energy into electrical energy. Typically, batteries produce electricity by harnessing one or more electrochemical cells. Batteries can be categorized into two distinct types such as primary batteries and secondary batteries. Primary batteries, also known as non-rechargeable batteries, offer a straightforward and convenient energy supply for various portable electronic and electrical devices, including cameras, watches, toys, lights, radios, and more.
In contrast, secondary batteries, often referred to as rechargeable batteries, possess the capability to be recharged electrically once they've been depleted. These energy storage solutions have evolved into indispensable sources of power in our daily routines.
The progress of cutting-edge technologies, encompassing smartphones, tablets, laptops, solar energy systems, and electric vehicles (EVs), has ushered in the era of robust batteries capable of prolonged endurance and providing essential energy requirements.
The Thai government has launched aggressive incentive programs, such as the EV3.5 scheme, offering subsidies, tax cuts, and investment support to battery and EV manufacturers. This has attracted major global players (e.g., BYD, NV Gotion, VinFast) to set up battery and EV production facilities in Thailand.
As Southeast Asia's second-largest car producer, Thailand is strategically positioned to supply batteries and EVs to neighboring countries. Rising fuel prices, urban pollution, and public awareness of sustainability are increasing domestic demand for EVs and energy storage solutions.
Thailand lacks significant reserves of critical raw materials like lithium, cobalt, and nickel. This reliance on imports affects production costs, supply chain stability, and limits local value addition in battery manufacturing.
Development of Battery Recycling and Second-Life Use
As EV adoption grows, so does the volume of used batteries. Thailand has an opportunity to become a regional hub for battery recycling, extracting valuable materials and developing second-life energy storage systems, especially for solar and off-grid applications.
The Thailand battery industry includes several market players such as BYD Company Ltd., Tesla, Inc., Toshiba Corporation, Panasonic Corporation, Exide Industries Ltd., GS Yuasa International Ltd., Bellco Battery, 3K BATTERY, Siam Pan Group Public Co., Ltd., Samsung SDI Co. Ltd., LG Chem Ltd., Sunpower New Energy, FB Battery, NV Gotion, and Delkor Batteries.
Stationary
Motive
Primary Batteries (Non-rechargeable)
Alkaline Batteries
Zinc-Carbon Batteries
Lithium-Thionyl Chloride Batteries
Secondary Batteries (Rechargeable)
Lead-Acid Batteries
Nickel-Cadmium (NiCd) Batteries
Nickel-Metal Hydride (NiMH) Batteries
Lithium-ion Batteries
Lithium Nickel Manganese Cobalt (LI-NMC)
Lithium Iron Phosphate (LFP)
Lithium Cobalt Oxide (LCO)
Lithium Titanate Oxide (LTO)
Lithium Manganese Oxide (LMO)
Lithium Nickel Cobalt Aluminum Oxide (NCA)
Other Secondary Batteries
Low Voltage Batteries (1V - 12V)
Medium Voltage Batteries (24V - 100V)
High Voltage Batteries (200V - 1000V)
Low Capacity Batteries (Up to 1,000 mAh)
Medium Capacity Batteries (1,000 mAh to 10,000 mAh)
High Capacity Batteries (10,000 mAh to 100,000 mAh)
Ultra High Capacity Batteries (More than 100,000 mAh)
Low Self-Discharge Rate Batteries
Medium Self-Discharge Rate Batteries
High Self-Discharge Rate Batteries
Residential
Industrial
BYD Company Ltd.
Tesla, Inc.
Toshiba Corporation
Panasonic Corporation
Exide Industries Ltd.
GS Yuasa International Ltd.
Bellco Battery
3K BATTERY
Siam Pan Group Public Co.,Ltd.
Samsung SDI Co. Ltd.
LG Chem Ltd.
Sunpower New Energy
FB Battery
NV Gotion
Delkor Batteries
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2022 |
USD 1.14 billion |
Revenue Forecast in 2030 |
USD 4.01 billion |
Growth Rate |
CAGR of 17.0% from 2023 to 2030 |
Analysis Period |
2022–2030 |
Base Year Considered |
2022 |
Forecast Period |
2023–2030 |
Market Size Estimation |
Billion (USD) |
Growth Factors |
Government Push for EV Adoption Growing Domestic and Regional Demand for Electric Vehicles |
Companies Profiled |
15 |
Market Share |
Available for 10 companies |
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |