Vietnam Energy Management Market Overview and Insights:
According to Markntel Advisors Report, 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 research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
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Industry Growth Driver:
Growth in the Deployment of Renewable Energy – The world is witnessing an increase in greenhouse gases due to rapid industrialization resulting in climate change phenomena, rapid changes in weather conditions, and extreme weather situations in many parts of the world. Each country intends to reduce its carbon emissions and focus on net-zero targets in a short time by transitioning toward sustainable development and utilizing renewable sources of energy for all of its energy needs. Following the same, Vietnam also targets to achieve net-zero emissions by 2050.
What is Included in Vietnam Energy Management Market Segmentation?
The report has segmented the market into the following categories:
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
The hardware segment has the largest market share accounting for more than 50% in the Vietnam Energy Management Market. This is primarily due to the extensive requirement of hardware such as sensors, controllers, smart meters, computer servers, and display devices for effective integration and management of energy management systems. Vietnam is going through a massive industrialization which has raised the economic activities in the country. This escalation in the country’s economy has drastically increased the power consumption of the country. For instance, the Vietnamese Government highlights that the power consumption in the country will grow annually at the rate of around 10-12% till 2030.
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
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Who are the Key Players Operating in the Vietnam Energy Management Industry?
The top companies of the Vietnam Energy Management market ruling the industry are:
- ABB
- Siemens
- Honeywell
- Schneider Electric
- Johnson Control
- General Electric
- 8Elements Smart Energy
- Yokogawa Vietnam Company Ltd.
- Green Yellow (Vietnam)
- Hitachi Energy (Vietnam)
- Others
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FAQs (Frequently Ask Questions)
- What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
- What are the trends influencing the current scenario of the Vietnam Energy Management Market?
- What are the key factors that would propel and hinder the industry?
- Which geographical area dominates the Vietnam Energy Management industry?
- Which is the Leading segment in the market?
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