MarkNtel Advisors recently published a detailed industry analysis of the Vietnam Energy Management Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Vietnam Energy Management Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

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.

Key Findings in Vietnam Energy Management Market:

Historical Analysis: 2020–2023
Base Year: 2024
Forecast Period: 2025–2030

Leading Market Players- ABB, Siemens, Honeywell, Schneider Electric, Johnson Control, General Electric, 8Elements Smart Energy, Yokogawa Vietnam Company Ltd., Green Yellow (Vietnam), Hitachi Energy (Vietnam), and others.

Key Highlights of the Report

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

What are the major Driver the Vietnam Energy Management Market industry?

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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What segments define the Vietnam Energy Management Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?

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

According to report, The hardware segment has the largest market share accounting for more than 50% in the Vietnam Energy Management Market.

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

According to report, Industries are the leading segment with a market share of more than 20% in the Vietnam Energy Management Industry.

Explore the Complete Vietnam Energy Management Market Analysis Report –

https://www.marknteladvisors.com/research-library/vietnam-energy-management-market.html

Geographical Analysis: Vietnam Energy Management Market

By Region

Northern
Central
Southern

Vietnam Energy Management Market Recent Development:

February 2024: Honeywell signed an MoU with the Green Solutions Group Corporation for the first green hydrogen plant in Vietnam. Honeywell will provide the necessary technologies including the energy management technologies such as battery energy storage systems.
December 2023: ABB deployed energy management solutions and smart building technologies to save energy in Vietnam’s National Innovation Centre.

Key Questions Addressed in This Study

What are the primary factors driving the growth of the Vietnam Energy Management Market?
How is the Vietnam Energy Management Market expected to evolve over the next five years?
What key insights can be drawn from current trends shaping the market?
What is the current market size, and how is it forecasted to change in the coming years?
What is the future outlook for the market in terms of technological innovation and geographic expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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