Vietnam Energy Management Market Research Report: Forecast (2025-2030)

Vietnam Energy Management Market Report - By Component (Hardware, (Sensors, Controllers, Computer Servers, Display Devices, Others), Software, (Supervisory Control and Data Acquisi......tion (SCADA), Advanced Distribution Management Solution (ADMS), Outage Management System (OMS), Generation Management System (GMS), Others), Service)), By Communication Technology (Wired, Wireless), By Offerings (Industry/ Factory Energy Management Systems, Building Energy Management Systems, Others), By End-User (Corporates, Industries, Retail Malls, Residential Units, Government, Hospitality, Healthcare, Educational Institutes, Others), and Others Read more

  • Energy
  • Oct 2024
  • 128
  • PDF, Excel, PPT

Market Definition

Energy management is a computer-aided system that monitors, measures, conserves, controls, and optimizes energy usage in a building or an organization to achieve greater efficiency in energy consumption.

Market Insights & Analysis: Vietnam Energy Management Market (2025-30):

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. For instance,

  • In 2023, due to a power shortage in Northern Vietnam, electricity was supplied on alternative schedules for manufacturing operations and residential areas.

Furthermore, the manufacturing hub in Southern Vietnam, Ho Chi Minh City, will lack more than 10,000 megawatts (MW) of electricity by 2030 according to the Ministry of Industry and Trade of Vietnam. This makes the deployment of energy management solutions that will ensure the efficient use and consumption of electricity in the country.

Report Coverage Details
  Historical Years   2020-23
  Base Years
  2024
  Forecast Years
  2025-30
  Market Value in 2024   USD 200 Million
  Market Value 2030   USD 320 Million
  CAGR (2025-30)   10%
  Leading Region  Southern
  Top Key Players ABB, Siemens, Honeywell, Schneider Electric, Johnson Control, General Electric, 8Elements Smart Energy, Yokogawa Vietnam Company Ltd., Green Yellow (Vietnam), Hitachi Energy (Vietnam), and others. 
  Key Report Highlights
  • Market Dimensions & Projections
  • Pricing Evaluation,
  • Recent Strategic Moves by Companies,
  • Primary Stakeholders,
  • Analysis of Import and Export Trends,
  • Competitive Landscape Assessment,
  • Emerging Opportunities,
  • Market Trends and Indicators

 

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Vietnam Energy Management Market Driver:

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.

Furthermore, the global challenge of climate change has led the government to achieve its net zero emission targets by 2050. These developments have been driving the demand for energy management solutions and boosting the growth & expansion of the Vietnam Energy Management Market.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Macroeconomic Outlook
  5. Vietnam Energy Management Market Policy and Regulations
  6. Vietnam Energy Management Market Trends & Developments
  7. Vietnam Energy Management Market Dynamics
    1. Impact Analysis
    2. Drivers
    3. Challenges
  8. Vietnam Energy Management Market Hotspots & Opportunities
  9. Vietnam Energy Management Market Value Chain
  10. Vietnam Energy Management Analysis, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Component
        1. Hardware
          1. Sensors - Market Size & Forecast 2020-2030F, USD Million
          2. Controllers - Market Size & Forecast 2020-2030F, USD Million
          3. Computer Servers - Market Size & Forecast 2020-2030F, USD Million
          4. Display Devices - Market Size & Forecast 2020-2030F, USD Million
          5. Others - Market Size & Forecast 2020-2030F, USD Million
        2. Software
          1. Supervisory Control and Data Acquisition (SCADA) - Market Size & Forecast 2020-2030F, USD Million
          2. Advanced Distribution Management Solution (ADMS) - Market Size & Forecast 2020-2030F, USD Million
          3. Outage Management System (OMS) - Market Size & Forecast 2020-2030F, USD Million
          4. Generation Management System (GMS) - Market Size & Forecast 2020-2030F, USD Million
          5. Others - Market Size & Forecast 2020-2030F, USD Million
        3. Service - Market Size & Forecast 2020-2030F, USD Million
      2. By Communication Technology
        1. Wired - Market Size & Forecast 2020-2030F, USD Million
        2. Wireless - Market Size & Forecast 2020-2030F, USD Million
      3. By Offerings
        1. Industry/ Factory Energy Management Systems - Market Size & Forecast 2020-2030F, USD Million
        2. Building Energy Management Systems - Market Size & Forecast 2020-2030F, USD Million
        3. Others - Market Size & Forecast 2020-2030F, USD Million
      4. By End-User
        1. Corporates - Market Size & Forecast 2020-2030F, USD Million
        2. Industries - Market Size & Forecast 2020-2030F, USD Million
        3. Retail Malls - Market Size & Forecast 2020-2030F, USD Million
        4. Residential Units - Market Size & Forecast 2020-2030F, USD Million
        5. Government - Market Size & Forecast 2020-2030F, USD Million
        6. Hospitality - Market Size & Forecast 2020-2030F, USD Million
        7. Healthcare - Market Size & Forecast 2020-2030F, USD Million
        8. Educational Institutes - Market Size & Forecast 2020-2030F, USD Million
        9. Others - Market Size & Forecast 2020-2030F, USD Million
      5. By Region
        1. Northern - Market Size & Forecast 2020-2030F, USD Million
        2. Central - Market Size & Forecast 2020-2030F, USD Million
        3. Southern - Market Size & Forecast 2020-2030F, USD Million
      6. By Company
        1. Revenue Shares
        2. Strategic Factorial Indexing
        3. Competitor Placement in MarkNtel Quadrant
  11. Northern Vietnam Energy Management Market Outlook 2020-2030F
    1. Market Size & Analysis
      1. Revenues (USD Million)
    2. Market Share & Analysis
      1. By Component- Market Size & Forecast 2020-2030, USD Million
      2. By Communication Technology- Market Size & Forecast 2020-2030, USD Million
      3. By Offerings- Market Size & Forecast 2020-2030, USD Million
      4. By End-Users- Market Size & Forecast 2020-2030, USD Million
  12. Central Vietnam Energy Management Market Outlook 2020-2030F
    1. Market Size & Analysis
      1. Revenues (USD Million)
    2. Market Share & Analysis
      1. By Component- Market Size & Forecast 2020-2030, USD Million
      2. By Communication Technology- Market Size & Forecast 2020-2030, USD Million
      3. By Offerings- Market Size & Forecast 2020-2030, USD Million
      4. By End-Users- Market Size & Forecast 2020-2030, USD Million
  13. Southern Vietnam Energy Management Market Outlook 2020-2030F
    1. Market Size & Analysis
      1. Revenues (USD Million)
    2. Market Share & Analysis
      1. By Component- Market Size & Forecast 2020-2030, USD Million
      2. By Communication Technology- Market Size & Forecast 2020-2030, USD Million
      3. By Offerings- Market Size & Forecast 2020-2030, USD Million
      4. By End-Users- Market Size & Forecast 2020-2030, USD Million
  14. Vietnam Energy Management Market Key Strategic Imperatives for Success & Growth
  15. Competitive Benchmarking
    1. Companies Profile (Business Description, Products Diversification, Solutions, Assets, Target Market, Partnership, Merger & Acquisition, etc.)
      1. ABB
        1. Product Portfolio
        2. Target Markets
        3. Research & Development
        4. Strategic Alliances
        5. Strategic Initiatives
      2. Siemens
        1. Product Portfolio
        2. Target Markets
        3. Research & Development
        4. Strategic Alliances
        5. Strategic Initiatives
      3. Honeywell
        1. Product Portfolio
        2. Target Markets
        3. Research & Development
        4. Strategic Alliances
        5. Strategic Initiatives
      4. Schneider Electric
        1. Product Portfolio
        2. Target Markets
        3. Research & Development
        4. Strategic Alliances
        5. Strategic Initiatives
      5. Johnson Control
        1. Product Portfolio
        2. Target Markets
        3. Research & Development
        4. Strategic Alliances
        5. Strategic Initiatives
      6. General Electric
        1. Product Portfolio
        2. Target Markets
        3. Research & Development
        4. Strategic Alliances
        5. Strategic Initiatives
      7. 8Elements Smart Energy
        1. Product Portfolio
        2. Target Markets
        3. Research & Development
        4. Strategic Alliances
        5. Strategic Initiatives
      8. Yokogawa Vietnam Company Ltd.
        1. Product Portfolio
        2. Target Markets
        3. Research & Development
        4. Strategic Alliances
        5. Strategic Initiatives
      9. Green Yellow (Vietnam)
        1. Product Portfolio
        2. Target Markets
        3. Research & Development
        4. Strategic Alliances
        5. Strategic Initiatives
      10. Hitachi Energy (Vietnam)
        1. Product Portfolio
        2. Target Markets
        3. Research & Development
        4. Strategic Alliances
        5. Strategic Initiatives
      11. Others
  16. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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