Vietnam Energy Management Market Trend, Size, Companies, Top Player, and Outlook 2025 to 2030

Table of Contents

Vietnam Energy Management Market Overview and Insights:

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.

What is the Future Market Size of the Vietnam Energy Management Industry and its Yearly Growth Rate?

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. The growth in Vietnam’s energy management market is driven by the need for regulatory requirements that demand electricity conservation and preservation from loss measures. This is under the periodic guidelines issued by the government under the National Energy Efficiency Programme that provides its targets. This is because of the country’s massive electricity consumption surge due to rapid industrialization. The electricity demand is so intense that the country faces repeated blackouts due to power shortages.

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Who are the Main Competitors Driving the Vietnam Energy Management Market Forward?

The prominent players essentially operating in the Vietnam Energy Management Market are as follows:

ABB
Siemens
Honeywell
Schneider Electric
Johnson Control
General Electric
8Elements Smart Energy
Yokogawa Vietnam Company Ltd.
Green Yellow (Vietnam)
Hitachi Energy (Vietnam)
Others

What are the key Drivers Defining the Vietnam Energy Management Market Size?

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.

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What is the Segmentation of the Vietnam Energy Management Market?

The Vietnam Energy Management market covered in this report is segmented –

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.

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

Key Questions Answered in the Research Report

What is the predicted Vietnam Energy Management market size and growth rate for the years 2025-30?
What challenges are restricting the growth of the Vietnam Energy Management market?
Which segment accounted for the largest market share in the Vietnam Energy Management market?
Which prominent companies are leading growth in the Vietnam Energy Management market?
In what formats does Markntel Advisors deliver the concerned report descriptions?
How long does it take for customers to receive the reports provided by Markntel Advisors?
Does Markntel Advisors provide customized reports?

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