Vietnam Switchgear Market (2018-2024) | Growth, Trends, Size, Revenue, Forecast, Share, Value, Industry, Analysis, Outlook & Companies

Market Forecast By Voltage (Low Voltage (< 1.1 kV), Medium Voltage (1.1 kV - 36 kV) and High Voltage (> 36 kV)), By Insulation (Medium Voltage (AIS, GIS, and Others) and High Voltage (AIS, GIS, and Others)), By Types (Low Voltage (MCB, MCCB, C&R, ACB, COS, and Others) and Medium Voltage (ISG, OSG, and Others)), By Verticals (Residential, Commercial, Industrial, Power Utilities and Others), By Regions (Central, Northern, and Southern) and Competitive Landscape

Product Code: ETC000465	Publication Date: Dec 2021	Updated Date: Aug 2023	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 155	No. of Figures: 67	No. of Tables: 28

Vietnam Switchgear Market Shipment Analysis

vietnam Switchgear Market registered a growth of 0.16% in value shipments in 2021 as compared to 2020 and an increase of 9.16% CAGR in 2021 over a period of 2017. In Switchgear Market vietnam is becoming less competitive as HHI index in 2021 was 3903 while in 2017 it was 2148. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.

vietnam has reportedly relied more on imports to meet its growing demand in Switchgear Market. India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Switchgear Market in 2021 was 1.16 while in 2017 it was 1.06. China, Japan, Rep. of Korea, Thailand and Other Asia, nes were among the top players of the market in 2021, where China acquired the largest market share of 60.55% with a shipment value of 178.21 million USD in 2022 China also offered the product below the average market price thus having a competitive advantage over others In 2017 China had the largest market share of 38.61% with the shipment value of 73.19 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As China price is lower than the average price, it provided a significant edge among other competitor in 2017.

Growing urban population, rising construction activities, and industrialization would be some of the key drivers behind the growth of the Vietnam switchgear market during the forecast period. Further, the revised Power Development Plan (PMP VII) 2011-2020 and the government's focus on improving transport infrastructure would surge the demand for switchgears in the country over the next six years.

According to 6Wresearch, the Vietnam switchgear market size is projected to grow with a CAGR of 7.1% during 2018-24. According to Vietnam Electricity (EVN), the demand for electricity is expected to double between 2014-20 and is expected to attract investments worth $7.5 billion per year during the same period. Government plans such as National Transport Master Plan (2011-20) and the $121 billion Ho Chi Minh City Master Transport Plan are likely to create huge opportunities for switchgear companies as these would lead to infrastructural development across the country. According to the Government of Vietnam (GVN), the manufacturing and processing sectors are expected to flourish and contribute significantly to the industrial segment of Vietnam on account of growing foreign investments in the country. Further, the government's target to reach 100% rural electrification by 2020 would also drive the demand for switchgears in the country during 2018-24.

Power utilities acquired maximum revenue share in the overall Vietnam switchgear market share in 2017 due to the integration of renewable energy plants and continuous expansion of power transmission & distribution networks across the country. The development of urban and low-income housing residential units would be key factors on account of which residential segment would register the highest CAGR during 2018-24.

The Vietnam switchgear market report comprehensively covers the Vietnam Switchgear Market by voltage, insulation, types, applications, and regions. The Vietnam switchgear market outlook report provides an unbiased and detailed analysis of the Vietnam switchgear market trends, opportunities/high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

• Vietnam Switchgear Market Overview
• Vietnam Switchgear Market Outlook
• Vietnam Switchgear Market Forecast
• Historical Data of Global Switchgear Market Revenues for the Period 2014-2017
• Market Size & Forecast of Global Switchgear Market Revenues until 2024
• Historical Data of Vietnam Switchgear Market Revenues for the Period 2014-2017
• Vietnam Switchgear Market Size & Vietnam Switchgear Market Forecast of Revenues, until 2024
• Historical Data of Vietnam Low Voltage Switchgear Market Revenues for the Period 2014-2017
• Market Size & Forecast of Vietnam Low Voltage Switchgear Market Revenues until 2024
• Historical Data of Vietnam Medium Voltage Switchgear Market Revenues & Volume for the Period 2014-2017
• Market Size & Forecast of Vietnam Medium Voltage Switchgear Market Revenues & Volume until 2024
• Historical Data of Vietnam High Voltage Switchgear Market Revenues & Volume for the Period 2014-2017
• Market Size & Forecast of Vietnam High Voltage Switchgear Market Revenues & Volume until 2024
• Historical Data of Vietnam Switchgear Market Revenues for the Period 2014-2017, By Applications
• Market Size & Forecast of Vietnam Switchgear Market Revenues until 2024, By Applications
• Historical & Forecast Data of Vietnam Switchgear Regional Market Revenues for the Period 2014-2024
• Market Drivers and Restraints
• Vietnam Switchgear Market Trends and Developments
• Vietnam Switchgear Market Share by Players
• Vietnam Switchgear Market Overview on Competitive Landscape
• Company Profiles
• Strategic Recommendations

Markets Covered

The Vietnam switchgear market report provides a detailed analysis of the following market segments:

• By Voltage
    o Low Voltage (< 1.1 kV)
    o Medium Voltage (1.1 kV - 36 kV)
    o High Voltage (> 36 kV)

• By Insulation
    o Medium Voltage
              ■ AIS
              ■ GIS
              ■ Others
    o High Voltage
              ■ AIS
              ■ GIS
              ■ Others
• By Types
    o Low Voltage
              ■ MCB
              ■ MCCB
              ■ C&R
              ■ ACB
              ■ COS
              ■ Others
    o Medium Voltage
              ■ ISG
              ■ OSG
              ■ Others

• By Verticals

o Residential
    o Commercial
    o Industrial
    o Power Utilities
    o Others

• By Regions

o Central
o Northern
o Southern

6Wresearch tracks and manages databases of global switchgear market. 6wresearch have been supporting various stakeholders in desigining their entry and growth strategies with the help of robust research and forecasting tools. We have been identifying and tracking various KPIs across major geographies enabling growth projections. With in-house research and data analytics capabilties, 6wresearch delivers actionable insights for companies to make Go/No-Go decisions.

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1. Executive Summary
2. Introduction
    2.1 Report Description
    2.2 Key Highlights of The Report
    2.3 Market Scope & Segmentation
    2.4 Research Methodology
    2.5 Assumptions
3. Global Switchgear Market Overview
    3.1 Global Switchgear Market Revenues
    3.2 Global Switchgear Market Revenue Share, By Regions (2017)
4. Vietnam Switchgear Market Overview
    4.1 Vietnam Country Overview
    4.2 Vietnam Switchgear Market Revenues (2014 - 2024F)
    4.3 Vietnam Switchgear Market Revenue Share, By Voltage (2017 & 2024F)
    4.4 Vietnam Switchgear Market Revenue Share, By Applications (2017 & 2024F)
    4.5 Vietnam Switchgear Market Revenue Share, By Regions (2017 & 2024F)
    4.6 Vietnam Switchgear Market Industry Life Cycle (2017)
    4.7 Vietnam Switchgear Market Porter's Five Forces (2017)
5. Vietnam Switchgear Market Dynamics
    5.1 Impact Analysis
    5.2 Market Drivers
    5.3 Market Restraints
6. Vietnam Switchgear Market Trends
    6.1 Internet of Things (IoT) Switchgear
    6.2. Modular Switchgear
7. Vietnam Switchgear Market Overview, By Voltage
    7.1 Vietnam Low Voltage (< 1.1 kV) Switchgear Market Revenues (2014-2024F)
          7.1.1 Vietnam Low Voltage (< 1.1 kV) Switchgear Market Revenues, By Types (2014-2024F)
          7.1.2 Vietnam Low Voltage (< 1.1 kV) Switchgear Market Revenues, By Applications (2014-2024F)
    7.2 Vietnam Medium Voltage (1.1 - 36 kV) Switchgear Market Revenues (2014-2024F)
    7.3 Vietnam Medium Voltage (1.1 - 36 kV) Switchgear Market Volume (2014-2024F)
          7.3.1 Vietnam Medium Voltage (1.1 - 36 kV) Switchgear Market Revenues, By Types (2014-2024F)
          7.3.2 Vietnam Medium Voltage (1.1 - 36 kV) Switchgear Market Revenues, By Insulation (2014-2024F)
                    7.3.2.1 Vietnam Medium Voltage AIS Market Revenues and Volume (2014-2024F)
                    7.3.2.2 Vietnam Medium Voltage GIS Market Revenues and Volume (2014-2024F)
                    7.3.2.3 Vietnam Medium Voltage Other Insulated Switchgear Market Revenues and Volume (2014-2024F)
          7.3.3 Vietnam Medium Voltage (1.1 - 36 kV) Switchgear Market Revenues, By Applications (2014-2024F)
    7.4 Vietnam High Voltage (> 36 kV) Switchgear Market Revenues (2014-2024F)
    7.5 Vietnam High Voltage (> 36 kV) Switchgear Market Volume (2014-2024F)
          7.5.1 Vietnam High Voltage (> 36 kV) Switchgear Market Revenues, By Insulation (2014-2024F)
                    7.5.1.1 Vietnam High Voltage AIS Market Revenues and Volume (2014-2024F)
                    7.5.1.2 Vietnam High Voltage GIS Market Revenues and Volume (2014-2024F)
                    7.5.1.3 Vietnam High Voltage Other Insulated Switchgear Market Revenues and Volume (2014-2024F)
          7.5.2 Vietnam High Voltage (> 36 kV) Switchgear Market Revenues, By Applications (2014-2024F)
8. Vietnam Switchgear Market Overview, By Applications
    8.1 Vietnam Residential Application Switchgear Market Revenues (2014-2024F)
          8.1.1 Vietnam Residential Sector Outlook
    8.2 Vietnam Commercial Application Switchgear Market Revenues (2014-2024F)
          8.2.1 Vietnam Commercial Sector Outlook
    8.3 Vietnam Industrial Application Switchgear Market Revenues (2014-2024F)
    8.3.1 Vietnam Industrial Sector Outlook
    8.4 Vietnam Power Utilities Application Switchgear Market Revenues (2014-2024F)
          8.4.1 Vietnam Power Utilities Sector Outlook
    8.5 Vietnam Other Application Switchgear Market Revenues (2014-2024F)
          8.5.1 Vietnam Other Sectors Outlook
9. Vietnam Switchgear Market Overview, By Regions
    9.1 Vietnam Northern Region Switchgear Market Revenues (2014-2024F)
    9.2 Vietnam Central Region Switchgear Market Revenues (2014-2024F)
    9.3 Vietnam Southern Region Switchgear Market Revenues (2014-2024F)
    9.4 Vietnam Regional Market Key Performance Indicators
10. Vietnam Switchgear Market Key Performance Indicators
    10.1 Vietnam Power Sector Overview
    10.2 Vietnam Government Spending Overview
    10.3. Vietnam Travel & Tourism Sector Overview
11. Vietnam Switchgear Market Opportunity Assessment
    11.1 Vietnam Switchgear Market Opportunity Assessment, By Voltage (2024)
    11.2 Vietnam Switchgear Market Opportunity Assessment, By Applications (2024)
12. Competitive Landscape
    12.1 Vietnam Switchgear Market Revenue Share, By Company (2017)
    12.2 Competitive Benchmarking, By Voltage
13. Company Profiles
    13.1 Schneider Electric SE
    13.2 ABB Ltd.
    13.3 Siemens AG
    13.4 Fuji Electric Co. Ltd.
    13.5 Mitsubishi Electric Corporation
    13.6 General Electric Company
    13.7 Legrand SA
    13.8 Sunlight Electrical (Vietnam) Co., Ltd
    13.9 Hai Nam Switchboard Manufacturing Co., Ltd
    13.10 LSIS Co. Ltd.
14. Strategic Recommendations
15. Disclaimer

List of Figures
1. Global Switchgear Market Revenues, 2014 - 2024F ($ Billion)
2. Global Switchgear Market Revenue Share, By Regions, 2017
3. Vietnam Switchgear Market Revenues, 2014-2024F ($ Million)
4. Vietnam Switchgear Market Revenue Share, By Voltage, 2017
5. Vietnam Switchgear Market Revenue Share, By Voltage, 2024F
6. Vietnam Switchgear Market Revenue Share, By Applications, 2017
7. Vietnam Switchgear Market Revenue Share, By Applications, 2024F
8. Vietnam Switchgear Market Revenue Share, By Regions, 2017 & 2024F
9. Vietnam Switchgear Market- Industry Life Cycle, 2017
10. Vietnam Total Installed Power Capacity, 2013-2020F (GW)
11. Vietnam Existing & Planned Transmission Grid Extension, 2016-2020
12. Vietnam Construction & Infrastructure Industry Value, 2017 - 2022F ($ Billion)
13: Vietnam Infrastructure Investment Forecast, 2017-2040F ($ Billion)
14. Vietnam Infrastructure Investment Forecast, By Sector, 2017-2040F ($ Billion)
15. Vietnam Total Residential Housing Requirement, 2014-2020F (Thousand Units)
16. Vietnam Number of Urban Households Required, 2015 & 2020F (Thousand Units)
17. Vietnam Low Voltage Switchgear Market Revenues, 2014 - 2024F ($ Million)
18. Vietnam Medium Voltage Switchgear Market Revenues, 2014 - 2024F ($ Million)
19. Vietnam Medium Voltage Switchgear Market Volume, 2014 - 2024F ($ Million)
20. Vietnam Medium Voltage AIS Market Revenues, 2014-2024F ($ Million)
21. Vietnam Medium Voltage AIS Market Volume, 2014-2024F (Units)
22. Vietnam Medium Voltage GIS Market Revenues, 2014-2024F ($ Million)
23. Vietnam Medium Voltage GIS Market Volume, 2014-2024F (Units)
24. Vietnam Medium Voltage Other Insulated Switchgear Market Revenues, 2014-2024F ($ Million)
25. Vietnam Medium Voltage Other Insulated Switchgear Market Volume, 2014-2024F (Units)
26. Vietnam High Voltage Switchgear Market Revenues, 2014 - 2024F ($ Million)
27. Vietnam High Voltage Switchgear Market Volume, 2014 - 2024F (Units)
28. Vietnam High Voltage AIS Market Revenues, 2014-2024F ($ Million)
29. Vietnam High Voltage AIS Market Volume, 2014-2024F (Units)
30. Vietnam High Voltage GIS Market Revenues, 2014-2024F ($ Million)
31. Vietnam High Voltage GIS Market Volume, 2014-2024F (Units)
32. Vietnam High Voltage Other Insulated Switchgear Market Revenues, 2014-2024F ($ Million)
33. Vietnam High Voltage Other Insulated Switchgear Market Volume, 2014-2024F (Units)
34. Vietnam Residential Application Switchgear Market Revenues, 2014-2024F ($ Million)
35. Hanoi Condominium New Launch, 2016-2019F (Units)
36. Vietnam Residential Sector Market Size, 2018-25F ($ Billion)
37. Vietnam Commercial Application Switchgear Market Revenues, 2014-2024F ($ Million)
38. Hanoi Office Supply NLA, 2016-2019F (Sq. M.)
39. Vietnam Commercial Sector Market Size, By Sub-Segments, 2018-25F ($ Billion)
40. Vietnam Industrial Application Switchgear Market Revenues, 2014-2024F ($ Million)
41. Vietnam Ready Built Factory, 2016-2019F ('000 Sq. M.)
42. Vietnam Warehouse Supply, 2016-2019F ('000 Sq. M.)
43. Vietnam Industrial Production Index Growth, 2013-2017
44. Vietnam Key Economic Regions, 2017
45. Vietnam Power Utilities Application Switchgear Market Revenues, 2014-2024F ($ Million)
46. Vietnam Demand Energy Balance, 2013-2020 (GWh)
47. Vietnam Other Application Switchgear Market Revenues, 2014-2024F ($ Million)
48. Vietnam Northern Region Switchgear Market Revenues, 2014 - 2024F ($ Million)
49. Vietnam Central Region Switchgear Market Revenues, 2014 - 2024F ($ Million)
50. Vietnam Southern Region Switchgear Market Revenues, 2014 - 2024F ($ Million)
51. Vietnam Population By Regions, 2016
52. Vietnam Power demand Projections By Regions, 2015-2025F (TWh)
53. Vietnam Power Generation Mix, 2017 & 2020F
54. Government Actual Government Spending Vs Actual Government Revenues, 2014-2022F (VND Trillion)
55. Government Budget Expenditure, Q1-Q3 2017 ($ Billion)
56. Vietnam International Tourists Arrivals, 20111-2020F (Million)
57. Vietnam Tourism Master Plan, 2020
58. Vietnam Switchgear Market Opportunity Assessment, By Voltage, 2024
59. Vietnam Switchgear Market Opportunity Assessment, By Applications, 2024
60. Vietnam Switchgear Market Revenue Share, By Company, 2017
61. Vietnam Renewable Energy Capacity Addition/Year, 2015-2024F (MW)
62. Proposed Renewable Energy Power Capacity, 2016-2025F (GW)
63. Proposed Renewable Energy Power Capacity By Sub-Segment, 2016-2024F (GW)
64. Ho Chi Minh Office Supply NLA, 2016-2019F (Sq. M.)
65. Ho Chi Minh Condominium New Launch, 2016-19 (Units)
66. Realized Investment Capital in Southern Region Under The State Budget, 2018 ($ Million)
67. Licensed FDI Projects in Southern Region from January 01 to January 20, 2018

List of Tables
1. Total Investment Cost in Power Sector, 2014-20F ($ Billion)
2. 500 kV Transmission Line Projects to be Put into Operation, 2017 - 2020F
3. Vietnam Low-Income Housing Financing Requirements, 2010 & 2020F
4. Vietnam Low Voltage Switchgear Market Revenues, By Types, 2014-2017 ($ Million)
5. Vietnam Low Voltage Switchgear Market Revenues, By Types, 2018E-2024F ($ Million)
6. Vietnam Low Voltage Switchgear Market Revenues, By Applications, 2014-2017 ($ Million)
7. Vietnam Low Voltage Switchgear Market Revenues, By Applications, 2018E-2024F ($ Million)
8. Vietnam Medium Voltage Switchgear Market Revenues, By Types, 2014-2024F ($ Million)
9. Vietnam Medium Voltage Switchgear Market Revenues, By Applications, 2014-2017 ($ Million)
10. Vietnam Medium Voltage Switchgear Market Revenues, By Applications, 2018E-2024F ($ Million)
11. Vietnam High Voltage Switchgear Market Revenues, By Applications, 2014-2017 ($ Million)
12. Vietnam High Voltage Switchgear Market Revenues, By Applications, 2018E-2024F ($ Million)
13. Vietnam Upcoming Residential Projects
14. Vietnam Upcoming Commercial Projects
15. Vietnam Upcoming Hotels Projects
16. Vietnam Upcoming Manufacturing Projects
17. Vietnam Industrial Production Index with Base Year 2010, 2017-2018 (%)
18. Vietnam Total Installed Power Capacity, 2013-2020 (MW)
19. Vietnam Planned Power Generation Projects
20. Vietnam Investment Required Under Transport Infrastructural Development Plan, 2016-2020 ($ Billion)
21. Vietnam Realized Investments Under the State Budget, 2018 (VND Billion)
22. Vietnam Licensed FDI Projects from January 01 to January 20, 2018
23. Vietnam Electricity Demand by Sector, 2015-2025 (GWh)
24. Vietnam Infrastructure Investment Forecast, By Sector, 2017- 2040F ($ Billion)
25. Investment Capital Realized Under the State Budget, 2018
26. Upcoming Renewable Energy Projects
27. Upcoming Construction Projects in Southern Vietnam
28. Renewable Energy Capacity Addition in Southern Region, 2019-20 (MW)