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: Jun 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 77 | No. of Figures: 17 | No. of Tables: 5 | |
Vietnam Wires And Cables market currently, in 2023, has witnessed an HHI of 3080, Which has increased slightly as compared to the HHI of 2793 in 2017. The market is moving towards concentrated. 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 fewer numbers of players or countries exporting in the market.
The Vietnam Wires And Cables Market has witnessed significant growth due to increased infrastructure projects and technological advancements. The government’s ambitious plans to improve urban infrastructure and rural electrification have spurred demand for high-quality wires and cables. Companies are investing in advanced manufacturing technologies to produce more efficient and durable products, catering to both domestic and international markets. Additionally, the push towards renewable energy sources, such as solar and wind, has also provided a substantial boost to the wires and cables sector, with specialized products being developed to withstand harsh environmental conditions. One of the major drivers of growth in the Vietnam wires and cables market is infrastructure development. Furthermore, the government’s “Infrastructure Master Plan 2020” aims to develop modern infrastructure and increase connectivity between regions, providing ample opportunities for companies in the wires and cables industry. Under this plan, there has been a major focus on developing high-speed rail networks, highways, airports, and seaports, which require huge quantities of high-quality wires and cables for construction.
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 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. The wires and cables market has been advancing technologically, and the country has been keeping up with the pace. Vietnam's manufacturing base has ensured that the nation is adequately equipped to deal with modern technologies, making it easier for the market players to manufacture wires and cables as per modern needs.
The key players of this one of the most significant markets of India include
The government of Vietnam has increasingly focused on creating an environment conducive in order to scalable industrial growth. In 2011, the government of the country introduced Decree No. 33, which lays out the regulatory framework for the wires as well as cables sector in the country. The regulation purposes to formalize the industry by setting product standards, licensing regulations, labeling requirements, among other measures. The government has also introduced supportive measures to inspire the export of wires and cables from Vietnam, a move that has led to the expansion of the sector and an increase in the number of companies entering the market.
Vietnamese steelmaker Hoa Phat Steel Pipe as well as LILAMA Corporation signed a contract to manufacture and supply steel pipes and cables for clients in South Korea. This follows the $40 million wires and cables factory investment by Sumitomo Electric in the country, which is concerned on the manufacturing of high-quality products for export to Japan and Southeast Asia. These new investments in the market are an indication of the rising confidence investors have in Vietnam's wires and cables market. Another significant development that could have a major impact on Vietnam's wire and cable sector is the China-US trade war. As the trade tariffs on Chinese products go up, Vietnam is projected to become an attractive industry for businesses from across the globe that require budget-friendly alternatives. This may lead to an influx of foreign investors into Vietnam's wires and cables industry.
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.
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.
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:
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