Vietnam Wires & Cables Market (2020-2026) | Size, Growth, COVID-19 IMPACT, Forecast, Companies, Analysis, Share, Trends, Industry, Outlook, Revenue & Value

The latest development (2023) of the Vietnam Wires & Cables Market

Vietnam Wires & Cables Market is experiencing robust growth owing to a rise in demand for wires and cables in the infrastructure, renewable energy, and manufacturing sectors. Various developments have taken place in the country in the year 2023.  There is an announcement of the new wind power project in the country and In February 2023, Nhat Linh announced that it will open a new factory in Vietnam to meet the growing demand for wires and cables in the country to cater to the various needs of the consumers. The future of the Vietnam wires & cables market looks bright, promising and strong and the market is expected to continue to grow at a healthy pace in the forthcoming years.

Topics Covered in Vietnam Wires & Cables Market Report

Vietnam Wires & Cables Market report thoroughly covers the market by voltage, installation and end user. The outlook report provides an unbiased and detailed analysis of the ongoing 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 & Cables Market is projected to grow over the coming year. Vietnam Wires & Cables Market report is a part of our periodical regional publication Asia Pacific Wires & Cables Market outlook report. 6W tracks the Wires & Cables market for over 60 countries with individual country-wise market opportunity assessments and publishes with the report titled Global Wires & Cables Market outlook report annually.

Vietnam Wires & Cables Market Synopsis

Vietnam Wires & Cables Market is projected to grow in the forecast year due to the economic development of the country and industrialisation. The growing population and urbanization have led to an increased need for wires and cables in the residential, commercial and construction sectors in the country.

According to 6Wresearch, Vietnam Wires & Cables Market size is projected to register growth during 2020-2026. The market is influenced by several drivers that have impacted the growth and development of the market. The rapid economic growth and industrialization in the county have increased the demand for wires and cables across various sectors, including power transmission, telecommunications, and construction. The focus of the government of Vietnam focuses on infrastructure development, such as power plants and transportation networks, which has further accelerated the growth of the market. Additionally, the rapid urbanization and real estate boom have led to a surge in residential and commercial construction projects, and it has propelled the growth of the market. Certain challenges exist in the market such as price sensitivity, quality and safety concerns, supply chain disruptions, environmental impact considerations, and the need to stay ahead in the technological advancements to sustain in the market which is continuously changing.  The market is an integral part of the Asia Pacific Wires & Cables Market and these factors affected the overall growth of the market in the long- run.

COVID-19 Impact on Vietnam Wires & Cables Market

The outbreak of the COVID-19 pandemic had a major impact on the Wires and cables market In Vietnam. The decline in economic activities and less consumer spending during the pandemic led to a reduction in the demand for wires and cables. The government implemented strict measures like lockdowns and travel restrictions, to curb the transmission. These measures resulted in disruptions across various industries, affecting the wires and cables market. The pandemic also affected the workforce in the wires and cables industry due to companies implementing social distancing protocols and remote working arrangements to ensure the safety of the employee. These adjustments presented various challenges in maintaining operational efficiency in the factories and construction sites.

Vietnam Wires & Cables Market: Key players

• Vietnam Electric Cable Corporation (Cadivi)
• Saigon Cable Corporation (SACO)
• Taya Electric Wire & Cable Co., Ltd.
• Hanoi Cable Television (HCTV)
• Hoa Sen Group (HSG)
• Pacific Electric Wire & Cable Co., Ltd.
• An Phu Electrical Equipment Joint Stock Company (APE)
• An Phat Holdings
• Viglacera Corporation
• Binh Minh Cable (BMC)

These are the prominent players in the market who are extensively engaged in the production and supply of effective and reliable wires & cables and have contributed to an increase in Vietnam Wires & Cables Market Growth.

Market by Voltage

Based on voltage, low-voltage Wires & Cables will dominate the Vietnam Wires & Cables Industry on account of their major use in residential and commercial applications in the country.

Market by Installation 

According to Dhaval, Research Head, 6Wresearch, the overhead installation will have a significant share in the forecast year due to its use in the distribution of power in specific regions.

Market by End-user

The building and Building & Construction segment will dominate the market as this sector has been a major consumer of wires and cables for electrical wiring and installations in residential and commercial buildings and has immensely contributed to Vietnam Wires & Cables Market Share.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019.
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Vietnam Wires & Cables Market Outlook
• Market Size of Vietnam Wires & Cables Market, 2019
• Forecast of Vietnam Wires & Cables Market, 2026
• Historical Data and Forecast of Vietnam Wires & Cables Revenues & Volume for the Period 2016 - 2026
• Vietnam Wires & Cables Market Trend Evolution
• Vietnam Wires & Cables Market Drivers and Challenges
• Vietnam Wires & Cables Price Trends
• Vietnam Wires & Cables Porter's Five Forces
• Vietnam Wires & Cables Industry Life Cycle
• Historical Data and Forecast of Vietnam Wires & Cables Market Revenues & Volume By Voltage for the Period 2016 - 2026
• Historical Data and Forecast of Vietnam Wires & Cables Market Revenues & Volume By Low Voltage for the Period 2016 - 2026
• Historical Data and Forecast of Vietnam Wires & Cables Market Revenues & Volume By Medium Voltage for the Period 2016 - 2026
• Historical Data and Forecast of Vietnam Wires & Cables Market Revenues & Volume By High Voltage for the Period 2016 - 2026
• Historical Data and Forecast of Vietnam Wires & Cables Market Revenues & Volume By Extra-High Voltage for the Period 2016 - 2026
• Historical Data and Forecast of Vietnam Wires & Cables Market Revenues & Volume By Installation for the Period 2016 - 2026
• Historical Data and Forecast of Vietnam Wires & Cables Market Revenues & Volume By Overhead for the Period 2016 - 2026
• Historical Data and Forecast of Vietnam Wires & Cables Market Revenues & Volume By Underground for the Period 2016 - 2026
• Historical Data and Forecast of Vietnam Wires & Cables Market Revenues & Volume By End-users for the Period 2016 - 2026
• Historical Data and Forecast of Vietnam Wires & Cables Market Revenues & Volume By Aerospace & Defense for the Period 2016 - 2026
• Historical Data and Forecast of Vietnam Wires & Cables Market Revenues & Volume By Building & Construction for the Period 2016 - 2026
• Historical Data and Forecast of Vietnam Wires & Cables Market Revenues & Volume By Oil & Gas for the Period 2016 - 2026
• Historical Data and Forecast of Vietnam Wires & Cables Market Revenues & Volume By Energy & Power for the Period 2016 - 2026
• Historical Data and Forecast of Vietnam Wires & Cables Market Revenues & Volume By IT & Telecommunication for the Period 2016 - 2026
• Historical Data and Forecast of Vietnam Wires & Cables Market Revenues & Volume By Others for the Period 2016 - 2026
• Vietnam Wires & Cables Import Export Trade Statistics
• Market Opportunity Assessment By Voltage
• Market Opportunity Assessment By Installation
• Market Opportunity Assessment By End-users
• Vietnam Wires & Cables Top Companies Market Share
• Vietnam Wires & Cables Competitive Benchmarking By Technical and Operational Parameters
• Vietnam Wires & Cables Company Profiles
• Vietnam Wires & Cables Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Voltage

• Low Voltage
• Medium Voltage
• High Voltage
• Extra-High Voltage

By Installation

• Overhead
• Underground

By End-users

• Aerospace & Defence
• Building & Construction
• Oil & Gas
• Energy & Power
• IT & Telecommunication
• Others