E-commerce, crypto, sustainability, renewables, EVs emerge as top sunrise industries in Thailand by 2024
• E-commerce is projected to be a top 10 sunrise industry in 2024, with online retail sales estimated to reach nearly 700 billion baht. Major players like Lazada and Shopee aim to shift from discounts to profitability.
• Cryptocurrency trading could see favorable conditions in 2024, with analysts predicting Bitcoin could reach $160,000. New crypto trading platforms are entering Thailand, increasing competition.
• Sustainable properties are in demand, as homebuyers prioritize relaxation, work-from-home spaces, energy conservation, green initiatives and carbon-free construction.
• The government aims to continue expanding renewable energy in 2024, though growth depends on state support like the upcoming utility green tariff.
• The electric vehicle ecosystem is fueling growth in related businesses. For example, PTT stations will add EV charging services, while Energy Absolute expands battery production.