Vietnam UPS Systems Market (2024-2030) | Value, Trends, Size, Revenue, Forecast, Outlook, Growth, Industry, Share, Analysis & Companies

Topics Covered in Vietnam UPS Systems Market Report

The Vietnam UPS Market report thoroughly covers the Vietnam Uninterruptible Power Supply UPS Systems market by KVA ratings, applications, and regions. The Vietnam UPS market outlook report provides an unbiased and detailed analysis of the Vietnam UPS 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 UPS Systems Market Synopsis

Vietnam UPS Market is anticipated to project substantial growth during the forthcoming period on account of the growing infrastructure sector to keep up with the increasing population of the country coupled with rising in commercial and manufacturing sectors. This market has been accomplishing prominent growth and it is ready to rise more in the future.

According to 6Wresearch, Vietnam UPS market size is projected to grow at a CAGR of 4.7% during 2018-2024. Vietnam's digital economy growth has fueled a rise in data centres, cloud computing, and other IT-intensive sectors. These sectors require a stable power supply to avoid data loss and server downtime. The UPS systems market has grown to fill this need for backup power. E-commerce sales in Vietnam have boomed in recent years, with a predicted annual growth rate of 30%. E-commerce requires a secure, consistent power supply to keep operations running smoothly. Therefore, UPS systems demand is surging to prevent product delivery delays or losses due to power outages. Government-led infrastructure projects such as industrial zones, high-tech parks, and smart cities require backup power solutions. UPS systems provide these solutions and drive the Vietnam UPS Market Growth. 

The price competition in the UPS systems market has increased significantly in recent years. As new players enter the market, the competition is likely to become more intense, resulting in lower profit margins. As the demand for UPS systems increases, companies need to find engineers with expertise in installation, maintenance, and repair. The technical expertise shortage can hinder market growth if not addressed. Despite the increasing use of UPS systems, technical failures can still occur. Companies need to invest in quality and reliable equipment to avoid downtime and costly damage.

UPS Market in Vietnam: Key Players

Some of the key players in the Vietnam UPS market include:

• Eaton
• Schneider Electric
• General Electric
• ABB
• Socomec
• Tripp Lite

Vietnam UPS Industry: Government Initiatives

Government plans such as the National Transport Master Plan (2011-20) and the $121 billion Ho Chi Minh City Master Transport Plan are likely to create huge opportunities for UPS 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 investment in the country. Also, the inflow of FDI in industrial and manufacturing segments is further expected to improve the market for UPS. Further, increasing IT infrastructure, the need to provide power back up, and the rising number of data centers would spur the market for UPS in Vietnam.

Market Segmentation by Application

Amongst all the applications, the commercial sector captured the highest Vietnam Uninterrupted Power Supply Systems market share in 2017. In the commercial sector, data centers, BFSI, and hospitality segments were the major revenue shareholders and are expected to maintain their dominance over the coming years on account of the government's emphasis on developing the social infrastructure of the country.

Market Segmentation by Region

According to Dhaval, Research Manager, 6Wresearch, the Southern region is projected to witness the highest growth rate over the next six years due to various upcoming infrastructure projects in the region. Additionally, the Northern region also provides positive prospects for the deployment of UPS systems in the region. Further, the development of Special Economic Zones (SEZ) in provinces such as Quang Ninh is expected to create additional opportunities for the UPS companies in the Northern region.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2015 to 2017.
• Base Year: 2017
• Forecast Data until 2024.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Vietnam UPS Market Overview
• Vietnam UPS Market Outlook
• Vietnam UPS Market Forecast
• Historical Data of Global Uninterruptible Power Supply (UPS) Systems Market For The Period 2014-2017
• Vietnam UPS Market Size and Vietnam UPS Market Forecast Until 2024
• Historic Data of Vietnam UPS Market Revenues and Volume 2014-2017
• Market Size & Forecast of Vietnam UPS Market Revenues & Volume Market Until 2024
• Historic Data of Vietnam Up to 1 kVA UPS Systems Market Revenues & Volume 2014-2017
• Market Size & Forecast of Vietnam Up to 1 kVA UPS Systems Market Revenues & Volume Market Until 2024
• Historic Data for 1.1 kVA - 5 kVA, of Vietnam UPS Market Revenues & Volume during 2014-2017
• Market Size & Forecast for 1.1 kVA - 5 kVA, of Vietnam UPS Market Revenues & Volume Market Until 2024
• Historic Data of Vietnam 5.1 kVA - 20 kVA UPS Systems Market Revenues & Volume 2014-2017
• Market Size & Forecast of Vietnam 5.1 kVA - 20 kVA UPS Systems Market Revenues & Volume Market Until 2024
• Historic Data of Vietnam 20.1 kVA - 50 kVA UPS Systems Market Revenues & Volume 2014-2017
• Market Size & Forecast of Vietnam 20.1 kVA - 50 kVA UPS Systems Market Revenues & Volume Market Until 2024
• Historic Data of Vietnam 50.1 kVA - 200 kVA UPS Systems Market Revenues & Volume 2014-2017
• Market Size & Forecast of Vietnam 50.1 kVA - 200 kVA UPS Systems Market Revenues & Volume Market Until 2024
• Historic Data of Vietnam Above 200 kVA UPS Systems Market Revenues & Volume 2014-2017
• Market Size & Forecast of Vietnam 200 kVA & Above UPS Systems Market Revenues & Volume Market until 2024
• Historical data and Forecast of Vietnam Uninterruptible Power Supply (UPS) Systems Market, By Applications
• Historical data and Forecast of Vietnam Uninterruptible Power Supply (UPS) Systems Market, By Regions
• Vietnam UPS Market Trends and Opportunities
• Market Drivers and Restraints
• Vietnam UPS Market Overview on Competitive Landscape
• Vietnam UPS Market Share, By Players
• Company Profiles
• Strategic Recommendations

Market Scope and Segmentation

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

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

By KVA Ratings

• Up to 1.1 kVA
• 1.1 kVA - 5 kVA
• 5.1 kVA - 20 kVA
• 20.1 kVA - 50 kVA
• 50.1 kVA - 200 kVA
• Above 200 kVA

By Applications

• Commercial
• Industrial
• Residential

By Regions

• Northern
• Central
• Southern