Fastest Growing companies of Battery Technologies in Thailand

Thailand is emerging as a significant player in the battery technology sector, particularly due to its growing electric vehicle (EV) market and the increasing adoption of renewable energy. Here are some of the fastest-growing companies in battery technologies in Thailand:

1. Energy Absolute Public Company Limited (EA)
Website: Energy Absolute
Headquarters: Bangkok, Thailand
Estimated Revenue: $1.5 billion USD (2023)
Estimated Number of Employees: 2,000+
Main Business: Energy Absolute is one of Thailand’s leading renewable energy companies and is rapidly expanding into the battery technology sector. The company has invested heavily in a lithium-ion battery production facility, focusing on batteries for electric vehicles (EVs) and energy storage systems (ESS).
Growth Factors: Large-scale investments in battery production, expansion into the EV market with its electric ferry and bus projects, and strong government support for renewable energy and electric mobility.

2. Bangkok Komatsu Co., Ltd.
Website: Bangkok Komatsu
Headquarters: Bangkok, Thailand
Estimated Revenue: $600 million USD (2023, estimated)
Estimated Number of Employees: 1,500+
Main Business: Bangkok Komatsu, a subsidiary of Komatsu Ltd., is involved in manufacturing industrial machinery and has diversified into battery technology for heavy machinery and electric vehicles. The company is growing rapidly in the energy storage and electric mobility sectors.
Growth Factors: Expansion into electric construction machinery, development of energy-efficient solutions, and increasing demand for industrial batteries in Southeast Asia.

3. Nex Point Public Company Limited
Website: Nex Point
Headquarters: Bangkok, Thailand
Estimated Revenue: $250 million USD (2023, estimated)
Estimated Number of Employees: 1,000+
Main Business: Nex Point is a leading provider of automotive parts and has expanded into the production of lithium-ion batteries for electric vehicles (EVs). The company has partnered with other firms to develop battery technologies and is actively involved in the EV market in Thailand.
Growth Factors: Strategic partnerships in EV battery production, expansion of EV infrastructure, and growth in Thailand’s automotive and EV markets.

4. Amita Technologies (Thailand) Co., Ltd.
Website: Amita Technologies
Headquarters: Chachoengsao, Thailand
Estimated Revenue: $200 million USD (2023, estimated)
Estimated Number of Employees: 800+
Main Business: Amita Technologies, a subsidiary of Taiwan’s Amita Technologies Inc., focuses on the production of lithium-ion batteries and energy storage systems (ESS). The company’s Thailand facility is a key part of its expansion into the Southeast Asian market.
Growth Factors: Investment in local production facilities, increasing demand for renewable energy storage solutions, and expansion into the Southeast Asian market.

5. Thai Energy Storage Technology Public Company Limited (3K Battery)
Website: 3K Battery
Headquarters: Bangkok, Thailand
Estimated Revenue: $150 million USD (2023)
Estimated Number of Employees: 1,200+
Main Business: 3K Battery is a well-known manufacturer of automotive and industrial batteries in Thailand. The company is expanding its product portfolio to include advanced lead-acid and lithium-ion batteries for electric vehicles (EVs) and energy storage applications.
Growth Factors: Expansion into lithium-ion battery production, increased focus on sustainable energy solutions, and growth in the domestic and regional markets.

6. GPSC (Global Power Synergy Public Company Limited)
Website: GPSC
Headquarters: Bangkok, Thailand
Estimated Revenue: $3 billion USD (2023)
Estimated Number of Employees: 2,500+
Main Business: GPSC is a major energy company in Thailand and a subsidiary of PTT Group. The company has made significant investments in battery energy storage systems (ESS) and renewable energy projects. GPSC is positioning itself as a leader in energy storage and green energy technologies in the region.
Growth Factors: Strong government backing for renewable energy, investments in battery energy storage systems, and strategic partnerships with international technology firms.

7. Electricity Generating Authority of Thailand (EGAT)
Website: EGAT
Headquarters: Nonthaburi, Thailand
Estimated Revenue: $10 billion USD (2023, estimated)
Estimated Number of Employees: 20,000+
Main Business: EGAT is Thailand’s largest state-owned power utility and is heavily involved in energy storage solutions, particularly for grid stabilization and renewable energy integration. EGAT is investing in battery technology to support its renewable energy projects across Thailand.
Growth Factors: Large-scale renewable energy projects, investment in grid-scale energy storage systems, and government support for clean energy initiatives.

8. Sharich Holding Co., Ltd.
Website: Sharich Holding
Headquarters: Bangkok, Thailand
Estimated Revenue: $100 million USD (2023, estimated)
Estimated Number of Employees: 500+
Main Business: Sharich Holding is involved in various sectors, including renewable energy and electric mobility. The company is investing in the development of lithium-ion batteries for EVs and energy storage systems, contributing to its rapid growth in the clean energy sector.
Growth Factors: Expansion into electric vehicle batteries, strategic investments in renewable energy projects, and growth in the Southeast Asian market.

9. Banpu Power Public Company Limited (BPP)
Website: Banpu Power
Headquarters: Bangkok, Thailand
Estimated Revenue: $1.8 billion USD (2023, estimated)
Estimated Number of Employees: 3,000+
Main Business: Banpu Power is a leading energy company in Thailand with a growing focus on renewable energy and energy storage systems. The company is expanding its footprint in battery technologies to support its renewable energy projects across Asia.
Growth Factors: Investments in renewable energy and energy storage, expansion into international markets, and strategic partnerships in the battery sector.

10. Delta Electronics (Thailand) Public Company Limited
Website: Delta Electronics
Headquarters: Samut Prakan, Thailand
Estimated Revenue: $3.5 billion USD (2023)
Estimated Number of Employees: 12,000+
Main Business: Delta Electronics is a global leader in power and thermal management solutions, with a growing focus on battery energy storage systems and EV charging infrastructure. The company is expanding its battery-related offerings to cater to the growing demand for sustainable energy solutions.
Growth Factors: Leadership in power management and energy solutions, expansion into EV charging and energy storage systems, and innovation in battery technologies.

These companies are at the forefront of the rapidly growing battery technology sector in Thailand, driven by the increasing adoption of electric vehicles, renewable energy projects, and the Thai government's push towards a more sustainable and energy-efficient future.