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Vietnam Electrical Materials Market

Publisher BlueWeave Consulting
Published Aug 02, 2023
Length 200 Pages
SKU # BLWC18132145

Description

Vietnam Electrical Materials Market, By Type (Circuit Breakers, Light Switches, Plugs & Sockets, Voltage Switcher, Cable Management, Cable Duct, Electrical Conduit, Others); By Technology (Industrial, Commercial, Domestic); By Region (Southern Vietnam, Central Vietnam, Northern Vietnam); 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

200 Pages
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
3.3. 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
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

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