PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1334447
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1334447
Vietnam Electrical Materials Market, By Type ; By Technology ; By Region ; Trend Analysis, Competitive Landscape & Forecast, 2019-2029
Vietnam Electrical Materials Market Size Almost Triples to Touch USD 4 Billion by 2029.
Vietnam electrical materials market is gaining traction because of the increasing consumer awareness and increasing demand of EV vehicles.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Vietnam electrical materials market size at USD 1,389.56 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Vietnam electrical materials market size to grow at a robust CAGR of 16.45% reaching a value of USD 3,986.17 million by 2029. Rapid industrialization and economic expansion, which are increasing the need for power and energy across the nation, are significant growth factors for the Vietnamese electrical materials market. Increasing development activity and increased demand for housing facilities are both emerging as positive market growth factors.
Vietnam Electrical Materials Market - Overview:
Electrical supplies, materials, and equipment are necessary components or elements used in construction projects to link a building, home, or office to an electrical power source. Electrical components can range in size from a small domestic circuit to a sizable industrial plant. The electrical materials can be used to regulate the current flow in an electric circuit, among their many other uses. Additionally, there are some electrical components, such as circuit breakers and fuses, that can be utilized to safeguard electrical equipment and appliances while reducing the risk of fire and property damage.
Vietnam Electrical Materials Market - By Technology:
Based on technology, the Vietnam electrical materials market is segmented into industrial, commercial, and domestic. Due to a thriving manufacturing sector, the industrial technology segment holds a significant share of the Vietnam electrical materials market. The demand for electrical materials is being directly impacted by Vietnam's emergence as a significant exporter of computer and telecommunications equipment parts. A sizable market share is also covered by domestic technology. The rise in residential facilities is also driving the need for electrical materials.
Impact of COVID-19 on the Vietnam Electrical Materials Market:
The COVID-19 pandemic halted the growth of the Vietnam electrical materials market. The pandemic caused low-scale operations and eventually had a negative influence on production levels, which had a variety of effects on the nation's manufacturing sector. This eventually had a negative impact on Vietnam's industrial sector's revenue and turnover. A triple trifecta of manufacturing closures, supply chain disruptions, and a decline in demand have all hit the automotive industry hard. The industrial sector's constraints had a direct impact on consumer demand for electrical materials, which restrained the market's expansion during the pandemic.
Competitive Landscape:
Major players operating in the Vietnam electrical materials market include: Mitsubishi Electric Vietnam Co., Ltd., Wonderful (Vietnam) Wire & Cable Co. Ltd, Vconnex Industry Technology JSC, Bich Hanh Electrical Production Trading Company Limited, Helukabel Vietnam Co. Ltd, Schneider Electric Vietnam Co. Ltd, ABB Automation and Electrification (Vietnam) Company Limited, Siemens Ltd, An Phuc Electrical Equipment Co., Ltd, Morning Star Electric Co., Ltd, and LS Electric Vietnam Co., Ltd.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Vietnam Electrical Materials Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Vietnam Electrical Materials Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. Vietnam Electrical Materials Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing Consumer Awareness
- 3.2.1.2. Increase Demand of EV vehicle
- 3.2.2. Restraints
- 3.2.2.1. Limited Domestic Production Capacity
- 3.2.2.2. Infrastructure Limitations
- 3.2.3. Opportunities
- 3.2.3.1. Adoption of Smart Grid Technology
- 3.2.3.2. Rise of the E-commerce Industry in Vietnam
- 3.2.4. Challenges
- 3.2.4.1. Energy Supply and Demand Imbalance
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. Vietnam Electrical Materials Market Overview
- 4.1. Market Size & Forecast by Value, 2019-2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Type
- 4.2.1.1. Circuit Breakers
- 4.2.1.2. Light Switches
- 4.2.1.3. Plugs & Sockets
- 4.2.1.4. Voltage Switcher
- 4.2.1.5. Cable Management
- 4.2.1.6. Cable Duct
- 4.2.1.7. Electrical Conduit
- 4.2.1.8. Others
- 4.2.2. By Technology
- 4.2.2.1. Industrial
- 4.2.2.2. Commercial
- 4.2.2.3. Domestic
- 4.2.3. By Region
- 4.2.3.1. Southern Vietnam
- 4.2.3.2. Central Vietnam
- 4.2.3.3. Northern Vietnam
- 4.2.1. By Type
5. Southern Vietnam Electrical Materials Market Overview
- 5.1. Market Size & Forecast by Value, 2019-2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.2. By Technology
6. Central Vietnam Electrical Materials Market Overview
- 6.1. Market Size & Forecast by Value, 2019-2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Technology
7. Northern Vietnam Electrical Materials Market Overview
- 7.1. Market Size & Forecast by Value, 2019-2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Technology
8. Competitive Landscape
- 8.1. List of Key Players and Their Offerings
- 8.2. Vietnam Electrical Materials Company Market Share Analysis, 2022
- 8.3. Competitive Benchmarking, By Operating Parameters
- 8.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
9. Impact of Covid-19 on Vietnam Electrical Materials Market
10. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 10.1. Mitsubishi Electric Vietnam Co., Ltd.
- 10.2. Wonderful (Vietnam) Wire & Cable Co. Ltd
- 10.3. Vconnex Industry Technology JSC
- 10.4. Bich Hanh Electrical Production Trading Company Limited
- 10.5. Helukabel Vietnam Co. Ltd
- 10.6. Schneider Electric Vietnam Co. Ltd
- 10.7. ABB Automation and Electrification (Vietnam) Company Limited
- 10.8. Siemens Ltd
- 10.9. An Phuc Electrical Equipment Co., Ltd
- 10.10. Morning Star Electric Co., Ltd
- 10.11. LS Electric Vietnam Co., Ltd.
- 10.12. Other Prominent Players
11. Key Strategic Recommendations
12. Research Methodology
- 12.1. Qualitative Research
- 12.1.1. Primary & Secondary Research
- 12.2. Quantitative Research
- 12.3. Market Breakdown & Data Triangulation
- 12.3.1. Secondary Research
- 12.3.2. Primary Research
- 12.4. Breakdown of Primary Research Respondents, By Region
- 12.5. Assumptions & Limitations
*Financial information in case of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figure
- Figure 1 Vietnam Electrical Materials Market Segmentation
- Figure 2 Vietnam Electrical Materials Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 Vietnam Electrical Materials Market Size, By Value (USD Million), 2019-2029
- Figure 5 Vietnam Electrical Materials Market Share, By Type, By Value, 2019-2029
- Figure 6 Vietnam Electrical Materials Market Share, By Technology, By Value, 2019-2029
- Figure 7 Vietnam Electrical Materials Market Share, By Region, By Value, 2019-2029
- Figure 8 Southern Vietnam Health Sensors Market Size, By Value (USD Million), 2019-2029
- Figure 9 Southern Vietnam Health Sensors Market Share, By Type, By Value, 2019-2029
- Figure 10 Southern Vietnam Health Sensors Market Share, By Technology, By Value, 2019-2029
- Figure 11 Central Vietnam Health Sensors Market Size, By Value (USD Million), 2019-2029
- Figure 12 Central Vietnam Health Sensors Market Share, By Type, By Value, 2019-2029
- Figure 13 Central Vietnam Health Sensors Market Share, By Technology, By Value, 2019-2029
- Figure 14 Northern Vietnam Health Sensors Market Size, By Value (USD Million), 2019-2029
- Figure 15 Northern Vietnam Health Sensors Market Share, By Type, By Value, 2019-2029
- Figure 16 Northern Vietnam Health Sensors Market Share, By Technology, By Value, 2019-2029
List of Tables
- Table 1 Vietnam Electrical Materials Market Size, By Type, By Value, 2019-2029
- Table 2 Vietnam Electrical Materials Market Size, By Technology, By Value, 2019-2029
- Table 3 Vietnam Electrical Materials Market Size, By Region, By Value, 2019-2029
- Table 4 Southern Vietnam Electrical Materials Market Size, By Type, By Value, 2019-2029
- Table 5 Southern Vietnam Electrical Materials Market Size, By Technology, By Value, 2019-2029
- Table 6 Central Vietnam Electrical Materials Market Size, By Type, By Value, 2019-2029
- Table 7 Central Vietnam Electrical Materials Market Size, By Technology, By Value, 2019-2029
- Table 8 Northern Vietnam Electrical Materials Market Size, By Type, By Value, 2019-2029
- Table 9 Northern Vietnam Electrical Materials Market Size, By Technology, By Value, 2019-2029
- Table 10 Mitsubishi Electric Vietnam Co., Ltd. Company Overview
- Table 11 Mitsubishi Electric Vietnam Co., Ltd. Financial Overview
- Table 12 Wonderful (Vietnam) Wire & Cable Co. Ltd Company Overview
- Table 13 Wonderful (Vietnam) Wire & Cable Co. Ltd Financial Overview
- Table 14 Vconnex Industry Technology JSC Company Overview
- Table 15 Vconnex Industry Technology JSC Financial Overview
- Table 16 Bich Hanh Electrical Production Trading Company Limited Company Overview
- Table 17 Bich Hanh Electrical Production Trading Company Limited Financial Overview
- Table 18 Helukabel Vietnam Co. Ltd Company Overview
- Table 19 Helukabel Vietnam Co. Ltd Financial Overview
- Table 20 Schneider Electric Vietnam Co. Ltd Company Overview
- Table 21 Schneider Electric Vietnam Co. Ltd Financial Overview
- Table 22 ABB Automation and Electrification (Vietnam) Company Limited Company Overview
- Table 23 ABB Automation and Electrification (Vietnam) Company Limited Financial Overview
- Table 24 Siemens Ltd Company Overview
- Table 25 Siemens Ltd Financial Overview
- Table 26 An Phuc Electrical Equipment Co., Ltd Company Overview
- Table 27 An Phuc Electrical Equipment Co., Ltd Financial Overview
- Table 28 Morning Star Electric Co., Ltd Company Overview
- Table 29 Morning Star Electric Co., Ltd Financial Overview
- Table 30 LS Electric Vietnam Co., Ltd. Company Overview
- Table 31 LS Electric Vietnam Co., Ltd. Financial Overview
