The Vietnam Energy Management Market size is valued at around USD 200 million in 2024 & is projected to reach USD 320 million by 2030. The market is also estimated to grow at a CAGR of around 10% during the forecast period, i.e., 2025-30.
Vietnam Energy Management Market Driver:
Government’s Policy for Energy Efficiency – Vietnam’s economy is growing very fast in Southeast Asia on account of rapid industrialization to develop its own service and manufacturing capabilities. Additionally, the country’s Foreign Direct Investments (FDIs) are rapidly growing, which is further fueling such developments. For instance, the average FDI each year, since 2019 in Vietnam stands at around USD 21 billion according to Vietnam’s Ministry of Planning and Investment. This rapid industrialization of the country has resulted in a huge increase in the GDP per capita of electricity consumption in the country, surpassing Indonesia and the Philippines. This has led the government of Vietnam to pass the regulation National Energy Efficiency Programme. In compliance with the latest guidelines for the period of 2019-2030, there is a target to reduce the energy loss in the country below 6.5% and increase energy consumption from 5% to 7%. The government has allocated USD 137.8 million for this program.
Furthermore, the global challenge of climate change has led the government to achieve its net zero emission targets by 2050. These developments have been driving the demand for energy management solutions and boosting the growth & expansion of the Vietnam Energy Management Market.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Vietnam Energy Management Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Component
- Hardware
- Sensors – Market Size & Forecast 2020-2030F, USD Million
- Controllers – Market Size & Forecast 2020-2030F, USD Million
- Computer Servers – Market Size & Forecast 2020-2030F, USD Million
- Display Devices – Market Size & Forecast 2020-2030F, USD Million
- Others – Market Size & Forecast 2020-2030F, USD Million
- Software
- Supervisory Control and Data Acquisition (SCADA) – Market Size & Forecast 2020-2030F, USD Million
- Advanced Distribution Management Solution (ADMS) – Market Size & Forecast 2020-2030F, USD Million
- Outage Management System (OMS) – Market Size & Forecast 2020-2030F, USD Million
- Generation Management System (GMS) – Market Size & Forecast 2020-2030F, USD Million
- Others – Market Size & Forecast 2020-2030F, USD Million
- Service – Market Size & Forecast 2020-2030F, USD Million
- Hardware
- By Communication Technology
- Wired – Market Size & Forecast 2020-2030F, USD Million
- Wireless – Market Size & Forecast 2020-2030F, USD Million
- By Offerings
- Industry/ Factory Energy Management Systems – Market Size & Forecast 2020-2030F, USD Million
- Building Energy Management Systems – Market Size & Forecast 2020-2030F, USD Million
- Others – Market Size & Forecast 2020-2030F, USD Million
- By End-User
- Corporates – Market Size & Forecast 2020-2030F, USD Million
- Industries – Market Size & Forecast 2020-2030F, USD Million
- Retail Malls – Market Size & Forecast 2020-2030F, USD Million
- Residential Units – Market Size & Forecast 2020-2030F, USD Million
- Government – Market Size & Forecast 2020-2030F, USD Million
- Hospitality – Market Size & Forecast 2020-2030F, USD Million
- Healthcare – Market Size & Forecast 2020-2030F, USD Million
- Educational Institutes – Market Size & Forecast 2020-2030F, USD Million
- Others – Market Size & Forecast 2020-2030F, USD Million
- By Region
- Northern – Market Size & Forecast 2020-2030F, USD Million
- Central – Market Size & Forecast 2020-2030F, USD Million
- Southern – Market Size & Forecast 2020-2030F, USD Million
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – ABB, Siemens, Honeywell, Schneider Electric, Johnson Control, General Electric, 8Elements Smart Energy, Yokogawa Vietnam Company Ltd., Green Yellow (Vietnam), Hitachi Energy (Vietnam), and others.
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