Thailand Battery Market

Plastic Optic Fiber Market Report Thumbnail

Thailand Battery Market by Type (Stationary, and Motive), by Battery Type (Primary Batteries (Non-rechargeable), and Secondary Batteries (Rechargeable)), by Voltage Type (Low Voltage Batteries (1V - 12V), Medium Voltage Batteries (24V - 100V), and others), by Power Capacity (Low Capacity Batteries (Up to 1,000 mAh), and others), by Self-Discharge Rate (Low Self-Discharge Rate Batteries, and others), by Application (Residential, and others) – Opportunity Analysis and Industry Forecast 2023-2030

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

  • Facebook
  • Twitter
  • Linkedin
  • Whatsapp

US Tariff Impact on Thailand Battery Market

Trump Tariffs Are Reshaping Global Business

Request US Tariff Impact Analysis Now

Market Overview

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.

Government Push for EV Adoption

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.

 

Growing Domestic and Regional Demand for Electric Vehicles

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.

 

High Dependency on Imported Battery Materials

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.

 

Competitive Landscape

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.

Thailand Battery Market Key Segments

By Type

  • Stationary

  • Motive

By Battery Type

  • 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

By Voltage Type

  • Low Voltage Batteries (1V - 12V)

  • Medium Voltage Batteries (24V - 100V)

  • High Voltage Batteries (200V - 1000V)

By Power Capacity

  • 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)

By Self-Discharge Rate

  • Low Self-Discharge Rate Batteries

  • Medium Self-Discharge Rate Batteries

  • High Self-Discharge Rate Batteries

By Application

  • Residential

  • Industrial

    • Automotive

      • ICE Engines

        • Passenger vehicles

        • Commercial vehicles

      • Electric vehicles

        • E-Bikes

        • E-Cars

        • E-Buses

        • E-Trucks

    • Medical

    • Telecom & IT

    • Consumer Electronics

    • Power & Utility

    • Aerospace & Defense

    • Marine

    • Other Industries

  • Commercial

Key Players

  • 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.

Bar chart Pie chart Pie chart

Frequently Asked Questions

According to the report published by the Next Move Consulting, the Thailand battery market business is expected to hit at $4.01 billion (USD) by 2030.

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, Delkor Batteries.

The Thailand battery market share is segmented on the basis of type, battery type, voltage type, power capacity, self-discharge rate, and application.

The factors contributing to the expansion of the Thailand battery market are investment and funding influx, advancements in technology, government policies and stimuli, and supply chain developments.

The factors restraining the growth of the Thailand battery market are safety issues and recycling challenges.
$2,575
$1,575
$3,875
$1,975

This website uses cookies to ensure you get the best experience on our website. Learn more