Vietnam Energy Management Market Report – 2025 Outlook, Trends, Share, Size & Forecast
MarkNtel Advisors has unveiled its latest research report on the Vietnam Energy Management Market, providing an in-depth analysis of market dynamics, growth prospects, and competitive landscape. This report serves as a valuable resource for stakeholders aiming to capitalize on emerging opportunities and navigate potential challenges in the Vietnam Energy Management industry.
Vietnam Energy Management Market Size: 2025 Outlook
The Vietnam Energy Management Market size is valued at around USD 200 million in 2024 & is projected to reach USD 320 million by 2030. The market is also estimated to grow at a CAGR of around 10% during the forecast period, i.e., 2025-30. The growth in Vietnam's energy management market is driven by the need for regulatory requirements that demand electricity conservation and preservation from loss measures. This is under the periodic guidelines issued by the government under the National Energy Efficiency Programme that provides its targets. This is because of the country’s massive electricity consumption surge due to rapid industrialization. The electricity demand is so intense that the country faces repeated blackouts due to power shortages.
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? Scope of the Report
- Forecasts till 2030 with year-wise market breakdown
- Geographical and segment-level analysis
- Company profiles and strategic insights
- Key market drivers and restraints
- Analysis of market trends and investment opportunities
What’s Driving the Market?
Government’s Policy for Energy Efficiency – Vietnam’s economy is growing very fast in Southeast Asia on account of rapid industrialization to develop its own service and manufacturing capabilities. Additionally, the country's Foreign Direct Investments (FDIs) are rapidly growing, which is further fueling such developments. For instance, the average FDI each year, since 2019 in Vietnam stands at around USD 21 billion according to Vietnam’s Ministry of Planning and Investment. This rapid industrialization of the country has resulted in a huge increase in the GDP per capita of electricity consumption in the country, surpassing Indonesia and the Philippines. This has led the government of Vietnam to pass the regulation National Energy Efficiency Programme. In compliance with the latest guidelines for the period of 2019-2030, there is a target to reduce the energy loss in the country below 6.5% and increase energy consumption from 5% to 7%. The government has allocated USD 137.8 million for this program.
What’s Holding Back Growth?
Rising Cyber Attack in Vietnam – Vietnam has been going through massive digitalization. This has led to the increase in the digital landscape of the country which is now more susceptible to cyber-attacks. These developments have led to a growing number of cyber-attacks on the country's critical infrastructure like power by cyber adversaries. For instance, the country faced around 14,000 ransomware attacks which is an increase of 8.4% compared to last year according to the Ministry of Public Security’s Department of Cyber Security and High-Tech Crime Prevention. These have resulted in massive data leaks and exposed around 12.3 million lines of private data. The adoption of technology such as cloud, AI, and IoT for smart energy management solutions due to the escalating energy needs of the country can increase the cyber risks of the energy sector. This can negatively impact the growth & expansion of the energy management solutions in the country.
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Vietnam Energy Management Market Segmentation
By Component
- Hardware
- Software
By Communication Technology
- Wired - Market Size & Forecast 2020-2030F, USD Million
- Wireless - Market Size & Forecast 2020-2030F, USD Million
By Offerings
- Industry/ Factory Energy Management Systems - Market Size & Forecast 2020-2030F, USD Million
- Building Energy Management Systems - Market Size & Forecast 2020-2030F, USD Million
- Others - Market Size & Forecast 2020-2030F, USD Million
By End-User
- Corporates - Market Size & Forecast 2020-2030F, USD Million
- Industries - Market Size & Forecast 2020-2030F, USD Million
- Retail Malls - Market Size & Forecast 2020-2030F, USD Million
- Residential Units - Market Size & Forecast 2020-2030F, USD Million
- Government - Market Size & Forecast 2020-2030F, USD Million
- Hospitality - Market Size & Forecast 2020-2030F, USD Million
- Healthcare - Market Size & Forecast 2020-2030F, USD Million
- Educational Institutes - Market Size & Forecast 2020-2030F, USD Million
- Others - Market Size & Forecast 2020-2030F, USD Million
By Region
- Northern - Market Size & Forecast 2020-2030F, USD Million
- Central - Market Size & Forecast 2020-2030F, USD Million
- Southern - Market Size & Forecast 2020-2030F, USD Million
? Industry Leaders: Who’s Dominating the Vietnam Energy Management Market?
The market is highly competitive, with players launching innovation-driven products and investing in strategic partnerships. Key participants include:
- ABB
- Siemens
- Honeywell
- Schneider Electric
- Johnson Control
- General Electric
- 8Elements Smart Energy
- Yokogawa Vietnam Company Ltd.
- Green Yellow (Vietnam)
- Hitachi Energy (Vietnam)
- Others
These companies are focused on health-based R&D, expansion, and functional ingredient diversification.
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? Frequently Asked Questions (FAQs)
- What are the main drivers of the Vietnam Energy Management market?
- Which segment leads the Vietnam Energy Management industry?
- What regulatory challenges impact product development?
- Who are the top players in the Vietnam Energy Management industry?
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