Market Report By Voltage (Low Voltage (Up to 1,000 V), Medium Voltage (1,000.1 V - 35 kV), High Voltage (35.1 kV - 240 kV), Extra High Voltage (Above 240 kV)), By Installation (Overhead, Underground), By Products (Fiber Optic Cable, Co-Axial Cable, Other Cables (Twisted Pair Cable, Non-Metallic and Metallic Sheathed Cable)), By End Users (Aerospace & Defense, Building & Construction, Oil & Gas, Energy & Power, IT & Telecommunication And Others) And Competitive Landscape
Product Code: ETC002694 | Publication Date: Feb 2022 | Updated Date: Aug 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 77 | No. of Figures: 17 | No. of Tables: 5 | |
vietnam Wires and Cables Market registered a growth of 20.9% in value shipments in 2021 as compared to 2020 and an increase of 4.5% CAGR in 2021 over a period of 2017. In Wires and Cables Market vietnam is becoming less competitive as HHI index in 2021 was 3040 while in 2017 it was 2793. 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 Wires and Cables Market. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Wires and Cables Market in 2021 was 1.91 while in 2017 it was 3.35. China, Rep. of Korea, Japan, Other Asia, nes and Thailand were among the top players of the market in 2021, where China acquired the largest market share of 51.66% with a shipment value of 245.52 million USD in 2022 China also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Wires and Cables Market. In 2017 China had the largest market share of 48.67% with the shipment value of 153.54 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although China offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the vietnam Wires and Cables Market in 2017.
Vietnam Wires And Cables Market report thoroughly covers market by voltage, installation, products and end users. The Vietnam wires and cables market report provides an unbiased and detailed analysis of the on-going Vietnam wires and cables market trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Vietnam Wires and Cables Market Synopsis
Vietnam Wires and Cables market experienced downfall in the year 2020 on account of the COVID-19 pandemic, owing to lower construction and infrastructure activities. Moreover, shortage of critical raw material stemming from lower industrial output and supply chain disruption negatively impacted the market.
According to 6Wresearch, Vietnam Wires and Cables Market size is projected to grow at a CAGR of 7.6% during 2021-2027. The primary reason for market growth can be attributed to rapidly growing investment by the government towards the development of energy and power projects such as Nam Dinh I, Thai Binh II, Vung Ang III, Van Phong I, among others along with investments in renewable energy projects to support the future energy demand in the rapidly developing economy.
Market by Products
By products, other cables which include twisted pair cable, non-metallic sheathed, metallic sheathed cables, among others, garnered majority market share in market owing to the rise in commercial and residential infrastructure driven by rising population and urbanisation growth in the country. Additionally, fiber optic segment is anticipated to register significant growth owing to their wide adoption across the IT and telecommunication sector owing to their data transmission speed and efficiency.
Market by installation
In Vietnam Wires and Cables market, underground cables accounted for the majority share in the Vietnam wires and cables market in 2020 witnessing rapid growth in their installation owing to government efforts towards moving the overhead cables underground in all major regions of the country.
Key Attractiveness of the Report
Key Highlights of the Report
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Vietnam Wires and Cables Market Overview |
3.1. Vietnam Wires and Cables Market Revenues, 2017-2027F |
3.2. Vietnam Wires and Cables Market - Industry Life Cycle |
3.3. Vietnam Wires and Cables Market - Porter’s Five Forces |
3.4. Vietnam Wires and Cables Market Revenue Share, By Voltage, 2020 & 2027F |
3.5. Vietnam Wires and Cables Market Revenue Share, By Installation, 2020 & 2027F |
3.6. Vietnam Wires and Cables Market Revenue Share, By Products, 2020 & 2027F |
3.7. Vietnam Wires and Cables Market Revenue Share, By End Users, 2020 & 2027F |
3.8. Impact Analysis of Covid-19 on Vietnam Wires and Cables Market |
4. Vietnam Wires and Cables Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Vietnam Wires and Cables Market Trends & Evolution |
6. Vietnam Wires and Cables Market Overview, By Voltage |
6.1. Vietnam Wires and Cables Market Revenues, By Voltage |
6.1.1. Vietnam Low Voltage Wires and Cables Market Revenues, 2017 - 2027F |
6.1.2. Vietnam Medium Voltage Wires and Cables Market Revenues, 2017 - 2027F |
6.1.3. Vietnam High Voltage Wires and Cables Market Revenues, 2017 - 2027F |
6.1.4. Vietnam Extra High Voltage Wires and Cables Market Revenues, 2017 - 2027F |
7. Vietnam Wires and Cables Market Overview, By Installation |
7.1. Vietnam Wires and Cables Market Revenues, By Installation |
7.1.1. Vietnam Overhead Wires and Cables Market Revenues, 2017 - 2027F |
7.1.2. Vietnam Underground Wires and Cables Market Revenues, 2017 - 2027F |
8. Vietnam Wires and Cables Market Overview, By Products |
8.1. Vietnam Wires and Cables Market Revenues, By Products |
8.1.1. Vietnam Fiber Optic Wires and Cables Market Revenues, 2017 - 2027F |
8.1.2. Vietnam Co-Axial Wires and Cables Market Revenues, 2017 - 2027F |
8.1.3. Vietnam Other Wires and Cables Market Revenues, 2017 - 2027F |
9. Vietnam Wires and Cables Market Overview, By End Users |
9.1. Vietnam Wires and Cables Market Revenues, By End Users |
9.1.1. Vietnam Aerospace & Defense Wires and Cables Market Revenues, 2017 - 2027F |
9.1.2. Vietnam Building & Construction Wires and Cables Market Revenues, 2017 - 2027F |
9.1.3. Vietnam Oil & Gas Wires and Cables Market Revenues, 2017 - 2027F |
9.1.4. Vietnam Energy & Power Wires and Cables Market Revenues, 2017 - 2027F |
9.1.5. Vietnam IT & Telecommunication Wires and Cables Market Revenues, 2017 - 2027F |
9.1.6. Vietnam Others Wires and Cables Market Revenues, 2017 - 2027F |
10. Vietnam Wires and Cables Key Performance Indicators |
11. Vietnam Electrical Equipment and Components Market Opportunity Assessment |
11.1. Vietnam Wires and Cables Market Opportunity Assessment, By Voltage, 2027F |
11.2. Vietnam Wires and Cables Market Opportunity Assessment, By Installation, 2027F |
11.3. Vietnam Wires and Cables Market Opportunity Assessment, By Products, 2027F |
11.4. Vietnam Wires and Cables Market Opportunity Assessment, By End Users, 2027F |
12. Vietnam Electrical Equipment and Components Market Competitive Landscape |
12.1. Vietnam Wires and Cables Market Revenue Ranking, By Companies, 2020 |
12.2. Vietnam Wires and Cables Market Competitive Benchmarking, By Technical Parameters |
12.3.Vietnam Wires and Cables Market Competitive Benchmarking, By Operating Parameters |
13. Company Profiles |
13.1. Vietnam Electric Cables Corporation |
13.2. Thinh Phat Electric Cable Joint Stock Company |
13.3. Nhat Linh Co. Ltd |
13.4. Daphaco Cable Joint Stock Company |
13.5. Thuong Dinh Electric Wire and Cable Joint Stock Company |
13.6. LS Cables and Systems Vietnam |
13.7. Ta ya Vietnam Electric Wires and Cables Joint Stock Company |
13.8. JJ- LAPP Vietnam Co. Ltd. |
13.9. Taihan Cable Vina Co. Ltd. |
13.10. HeluKabel Vietnam Co. Ltd. |
14. Key Strategic Recommendations |
15. Disclaimer |
List of Figures |
Figure 1. Vietnam Wires and Cables Market Revenues, 2017-2027F ($ Million) |
Figure 2. Vietnam Wires and Cables Market Revenue Share, By Voltage, 2020 & 2027F |
Figure 3. Vietnam Wires and Cables Market Revenue Share, By Installation, 2020 & 2027F |
Figure 4. Vietnam Wires and Cables Market Revenue Share, By Products, 2020 & 2027F |
Figure 5. Vietnam Wires and Cables Market Revenue Share, By End Users, 2020 & 2027F |
Figure 6. Expected Energy Mix in Vietnam, 2025 & 2030 |
Figure 7. Additional Energy Production Requirement, 2020-2030 |
Figure 8. Vietnam’s Expected Total Energy Demand, 2020-2030, TWh |
Figure 9. Change in Copper Prices, 2019-2021, USD/Pound |
Figure 10. Change in Aluminium Prices, 2019-2021, USD/Metric Ton |
Figure 11. Vietnam Internet Economy Growth, 2019- 2025P, USD billion |
Figure 12. Manufacturing Sectors Contribution to Vietnam’s GDP |
Figure 13. Vietnam Wires and Cables Market Opportunity Assessment, By Voltage, 2027F |
Figure 14. Vietnam Wires and Cables Market Opportunity Assessment, By Installation, 2027F |
Figure 15. Vietnam Wires and Cables Market Opportunity Assessment, By Products, 2027F |
Figure 16. Vietnam Wires and Cables Market Opportunity Assessment, By End Users, 2027F |
Figure 17. Vietnam Wires and Cables Market Revenue Share, By Companies, 2020 |
List of Tables |
Table 1. Vietnam Wires and Cables Market Revenues, By Voltage, 2017-2027F ($ Million) |
Table 2. Vietnam Wires and Cables Market Revenues, By Installation, 2017-2027F ($ Million) |
Table 3. Vietnam Wires and Cables Market Revenues, By Products, 2017-2027F ($ Million) |
Table 4. Vietnam Wires and Cables Market Revenues, By End Users, 2017-2027F ($ Million) |
Table 5. Vietnam Electricity Demand: Actual (2014) and Projected (2020-2030F) |
Market Report By Voltages (Low Voltage, Medium Voltage, High Voltage, Extra High Voltage), By Installation (Overhead, Underground), By Products (Fiber Optic Cable, Co-axial Cable And Other Cables), By Material (Copper, Aluminium, Glass), By End Users (Aerospace & Defense, Building & Construction, Oil & Gas, Energy & Power, IT & Telecommunication And Others) And Competitive Landscape
Product Code: ETC002694 | Publication Date: May 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Vietnam Wires And Cables Market report thoroughly covers the market by voltage, installation, product, material, end-users, and regions including central, western, southern, and eastern regions. The Vietnam wires and cables market outlook report provides an unbiased and detailed analysis of the on-going Vietnam wires and cables market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Vietnam Wires and Cables Market Synopsis
Vietnam Wires and Cables Market is anticipated to grow on account of increasing urbanization and rapid growth in building infrastructure which would be increasing the power and energy demand in the country which would, in turn, drive the demand of wires and cables in the country. In addition, the growth in the renewable energy sector which would further drive the demand wires and cables in the market. The market has seen a halt owing to the massive outbreak of COVID-19 which resulted in nationwide lockdowns to combat the spread of the virus and has led to a decline in the overall market growth.
According to 6Wresearch, Vietnam Wires and Cables Market size is projected to grow at CAGR of 6.1% during 2020-2026. The country would see a slowdown in 2020 due to the ongoing COVID-19 outbreak. The country is on a momentary lockdown with only factories, businesses, and service establishments producing and providing essential goods are allowed to remain open. This would result in a reduction in the demand of wires and cables by the end user which in turn would hamper the growth of the wires and cables in Vietnam.
Market Analysis by Products
On the basis of voltage, the medium voltage wires and cables portrayed dominance in the Vietnamese market in 2019 and is anticipated to continue dominating the market during the forecast period on account of an increase in the renewable energy generation in the country with major investment in the wind energy segment. The medium voltage wires and cables have better loading capacities in power transformers compared to another substitute.
Key Attractiveness of the Report
Key Highlights of the Report
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
Frequently Asked Questions About the Market Study:
Other Key Reports Available: