PUBLISHER: TechSci Research | PRODUCT CODE: 1074069
PUBLISHER: TechSci Research | PRODUCT CODE: 1074069
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Vietnam electric vehicle charging infrastructure market is projected to register growth at a significant rate during the forecast period. The market growth can be attributed to the rising production and sales of vehicles to cater to the increasing mobility needs of the population in the country. Growing awareness among consumers regarding the adverse impact of conventional fuels and increasing preference for the adoption of clean fuels are positively influencing the growth of the Vietnam electric vehicle charging infrastructure market. A surge in disposable income among middle-class families and the rising expenditure capacity of consumers are adding to the growth of the Vietnam electric vehicle charging infrastructure market. Market players involved in the electric vehicle charging infrastructure market are increasingly investing in the research and development of advanced charging systems, both in terms of hardware and software, which is anticipated to fuel the growth of the Vietnam electric vehicle charging infrastructure market. Strong economic growth in the country and a rise in government initiatives for electrification are expected to boost the growth of Vietnam electric vehicle charging infrastructure market in the coming years. Various electric vehicle manufacturers are increasingly collaborating with charging infrastructure providers for easy availability of charging stations, which is expected to fuel the growth of the Vietnam electric vehicle charging infrastructure market. High demand for EVs owing to growing awareness about environmental sustainability and stringent government policies for vehicular emissions are fueling the growth of the Vietnam electric vehicle charging infrastructure market in the coming years. Certain EV charging stations may cater to a certain type of voltage. Thus, lack of standardization of current EV charging infrastructure could negatively impact the growth of the Vietnam electric vehicle charging infrastructure market in the coming years.
Vietnam electric vehicle charging infrastructure market is segmented into vehicle type, type, charging mode, installed location, connector type, type of charging, regional distribution, and company. Based on type, the market is further divided into AC and DC. The DC segment is anticipated to hold the largest share in the Vietnam electric vehicle charging infrastructure market during the forecast period. DC charging stations can feed the power directly into automobiles, reducing the overall charging time for vehicles.
Leading players in the Vietnam electric vehicle charging infrastructure market include VinFast, Vietnam Oil & Gas Group (PVOIL), HGPT Mechanical, Electricity of Vietnam's Central Power Corporation, Mitsubishi Motors Vietnam, among others.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F-2027F
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of companies across Vietnam. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of Vietnam electric vehicle charging infrastructure market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, Vietnam electric vehicle charging infrastructure market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in Vietnam electric vehicle charging infrastructure market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: