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VIETNAM HIGH VOLTAGE CABLE MARKET FORECAST 2023-2030

The Vietnam high voltage cable market is estimated to rise with a 7.45% CAGR by 2030, and is predicted to be valued at $1058.47 million during the forecasting years, 2023 and 2030.

VIETNAM HIGH VOLTAGE CABLE MARKET FORECAST 2023-2030

Vietnam High Voltage Cable Market Market by Installation (Overhead, Underground, Submarine) Market by End-user (Industrial (Power Utilities, Oil & Gas, Mining, Chemical & Petrochemical, Other Industrial End-users), Renewable Energy, Infrastructure (Commercial, Residential))

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The Vietnam high voltage cable market is estimated to rise with a 7.45% CAGR by 2030, and is predicted to be valued at $1058.47 million during the forecasting years, 2023 and 2030.

High voltage cables (HVCs), also known as prefabricated concrete, are reinforced concrete mixed and cast off-site before being assembled on the building site. High voltage cables can be manufactured in any shape and size and are available in common shapes and specifications. HVC products are perfect for several architectural applications because of their qualities, including fire resistance and sound attenuation. HVCs have various benefits, such as quick and precise component erection, cost-effective construction, superior quality control, and environmental protection.

Vietnam High Voltage Cable (HVC) Market

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Additionally, shifting focus towards green, energy-efficient buildings in the construction industry, particularly in developing economies like Vietnam, is expected to fuel the market demand. In addition, the growing prominence of offsite construction has also led to increased demand. Structural building components, including precast slabs, façade, etc., are increasingly being used in the construction of industrial and manufacturing plants. In addition, the rising use of structural building components in affordable housing is anticipated to be a major driver for the high voltage cable segment.

In Vietnam, a significant market growth driver is the rapidly growing government investment towards energy and power projects’ development like Van Phong I, Thai Binh II, Nam Dinh I, and Vung Ang III, along with renewable energy investments to give a boost to the future energy demand in the rapidly developing economy, Vietnam.

The Vietnam high voltage cable market evaluation includes segmentation by end-user and installation. Market by end-user covers industrial, renewable energy, and infrastructure.

Electricity is created using renewable energy gathered from wind, solar, tidal, and geothermal energy sources. High voltage cables are typically used to move electricity from renewable energy plants to power grids or industrial facilities. Submarine cables are the most commonly used of the three high voltage cables for offshore renewable energy projects, while subterranean and overhead cables are used for onshore renewable energy projects.

Renewable energy projects such as wind and solar farms require numerous high voltage cables. Currently, the governments of European countries are supporting renewable energy projects, compared to non-renewable ones. Germany is one of the leading renewable energy producers among other countries, which can be attributed to the rise in urbanization and industrialization.

Furthermore, the factors supplementing the growth of the high voltage cable market include an increase in government investment in renewable energy projects and the need for clean energy due to the depletion of fossil fuels. Moreover, the expansion of offshore power projects and the increase in demand for power in various countries provide lucrative opportunities for the growth of the high voltage cable market.

Some of the major players in the Vietnam high voltage cable market are Furukawa Electric Group, Siemens AG, Hitachi Ltd, etc.

Furukawa Electric Group manufactures and sells automobiles, electronics, construction, telecommunication, and energy products. Its key solutions include electricals, electronics parts materials, power cables, wiring materials, conductors, optical components, connectors, fluorescent lamps, and LED reflectors. The company is headquartered in Tokyo, Japan, and operates all over Asia-Pacific, Europe, and North America.

Furukawa Electric’s extra high voltage underground power transmission cable has been employed in developing underground power transmission networks since Japan’s high-speed economic growth era. It has also played a significant part in a transmission line project with 500 kV of power.

Report Synopsis

Report Scope

Details
Market Forecast Years 2023-2030
Base Year 2022
Market Historical Years 2018-2021
Forecast Units Revenue ($ Million)
Segments Analyzed Installation and End-User
Country Analyzed Vietnam
Companies Analyzed

Dubai Cable Company Pvt Ltd, Finolex Cables, Furukawa Electric Co Ltd, Hitachi Ltd, Nexans, NKT Cables, Prysmian Group, Tele-Fonika Kable SA, Siemens AG, Southwire LLC, Sumitomo Electric Industries Ltd, Synergy Cables Ltd, TBEA Co Ltd, Tratos

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
      • SCOPE OF MARKET
      • CRISIS SCENARIO ANALYSIS
      • MAJOR MARKET FINDINGS
        • RISE IN ONSHORE AND OFFSHORE PROJECTS
        • HIGH-RISE BUILDING CONSTRUCTIONS CREATE SCOPE FOR HVC
    1. MARKET DYNAMICS
      • KEY DRIVERS
        • DEVELOPMENTS IN EMERGING COUNTRIES
        • INCREASE IN INFRASTRUCTURE ACTIVITIES
      • KEY RESTRAINTS
        • VOLATILE PRICES OF METALS
    1. KEY ANALYTICS
      • PARENT MARKET ANALYSIS
      • KEY TECHNOLOGY TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • MARKET MATURITY ANALYSIS
      • MARKET CONCENTRATION ANALYSIS
      • KEY BUYING CRITERIA
        • COST
        • PRODUCT FEATURES
        • EFFICIENCY
      • VALUE CHAIN ANALYSIS
        • RAW MATERIALS
        • HVC MANUFACTURES
        • DISTRIBUTORS
        • END-USERS
    1. MARKET BY INSTALLATION
      • OVERHEAD
      • UNDERGROUND
      • SUBMARINE
    2. MARKET BY END-USER
      • INDUSTRIAL
        • POWER UTILITIES
        • OIL & GAS
        • MINING
        • CHEMICAL & PETROCHEMICAL
        • OTHER INDUSTRIAL END-USERS
      • RENEWABLE ENERGY
      • INFRASTRUCTURE
        • COMMERCIAL
        • RESIDENTIAL
    1. COMPETITIVE LANDSCAPE
      • MARKET LEADER BOARD
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS
      • COMPANY PROFILES
        • DUBAI CABLE COMPANY PVT LTD
          • COMPANY DESCRIPTION
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • FINOLEX CABLES
          • COMPANY DESCRIPTION
          • PRODUCT PORTFOLIO
        • FURUKAWA ELECTRIC CO LTD
          • COMPANY DESCRIPTION
          • FINANCIAL ANALYSIS
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • HITACHI LTD
          • COMPANY DESCRIPTION
          • FINANCIAL ANALYSIS
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • NEXANS
          • COMPANY DESCRIPTION
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • NKT CABLES
          • COMPANY DESCRIPTION
          • FINANCIAL ANALYSIS
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • PRYSMIAN GROUP
          • COMPANY DESCRIPTION
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • SIEMENS AG
          • COMPANY DESCRIPTION
          • FINANCIAL ANALYSIS
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • SOUTHWIRE LLC
          • COMPANY DESCRIPTION
          • FINANCIAL ANALYSIS
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • SUMITOMO ELECTRIC INDUSTRIES LTD
          • COMPANY DESCRIPTION
          • FINANCIAL ANALYSIS
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • SYNERGY CABLES LTD
          • COMPANY DESCRIPTION
          • FINANCIAL ANALYSIS
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • TBEA CO LTD
          • COMPANY DESCRIPTION
          • PRODUCT PORTFOLIO
        • TELE-FONIKA KABLE S.A
          • COMPANY DESCRIPTION
          • PRODUCT PORTFOLIO
        • TRATOS
          • COMPANY DESCRIPTION
          • PRODUCT PORTFOLIO

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – HIGH VOLTAGE CABLE

    TABLE 2: VIETNAM HIGH VOLTAGE CABLE MARKET, BY INSTALLATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 3: VIETNAM HIGH VOLTAGE CABLE MARKET, BY INSTALLATION, FORECAST YEARS, 2023-2030 (IN $ MILLION)

    TABLE 4: VIETNAM HIGH VOLTAGE CABLE MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 5: VIETNAM HIGH VOLTAGE CABLE MARKET, BY END-USER, FORECAST YEARS, 2023-2030 (IN $ MILLION)

    TABLE 6: VIETNAM HIGH VOLTAGE CABLE MARKET, BY INDUSTRIAL, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 7: VIETNAM HIGH VOLTAGE CABLE MARKET, BY INDUSTRIAL, FORECAST YEARS, 2023-2030 (IN $ MILLION)

    TABLE 8: VIETNAM HIGH VOLTAGE CABLE MARKET, BY INFRASTRUCTURE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 9: VIETNAM HIGH VOLTAGE CABLE MARKET, BY INFRASTRUCTURE, FORECAST YEARS, 2023-2030 (IN $ MILLION)

    TABLE 10: LIST OF MERGERS & ACQUISITIONS

    TABLE 11: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 12: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 13: LIST OF BUSINESS EXPANSIONS

    LIST OF FIGURES

    FIGURE 1: SCOPE OF MARKET

    FIGURE 2: INTENSITY OF THE DRIVERS & RESTRAINTS

    FIGURE 3: KEY TECHNOLOGY TRENDS

    FIGURE 4: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 5: MARKET MATURITY

    FIGURE 6: MARKET CONCENTRATION ANALYSIS

    FIGURE 7: KEY BUYING CRITERIA

    FIGURE 8: VALUE CHAIN ANALYSIS

    FIGURE 9: VIETNAM HIGH VOLTAGE CABLE MARKET, GROWTH POTENTIAL, BY INSTALLATION, IN 2022

    FIGURE 10: VIETNAM HIGH VOLTAGE CABLE MARKET, BY OVERHEAD, 2023-2030 (IN $ MILLION)

    FIGURE 11: VIETNAM HIGH VOLTAGE CABLE MARKET, BY UNDERGROUND, 2023-2030 (IN $ MILLION)

    FIGURE 12: VIETNAM HIGH VOLTAGE CABLE MARKET, BY SUBMARINE, 2023-2030 (IN $ MILLION)

    FIGURE 13: VIETNAM HIGH VOLTAGE CABLE MARKET, GROWTH POTENTIAL, BY END-USER, IN 2022

    FIGURE 14: VIETNAM HIGH VOLTAGE CABLE MARKET, BY INDUSTRIAL, 2023-2030 (IN $ MILLION)

    FIGURE 15: VIETNAM HIGH VOLTAGE CABLE MARKET, GROWTH POTENTIAL, BY INDUSTRIAL, IN 2022

    FIGURE 16: VIETNAM HIGH VOLTAGE CABLE MARKET, BY POWER & UTILITIES, 2023-2030 (IN $ MILLION)

    FIGURE 17: VIETNAM HIGH VOLTAGE CABLE MARKET, BY OIL & GAS, 2023-2030 (IN $ MILLION)

    FIGURE 18: VIETNAM HIGH VOLTAGE CABLE MARKET, BY MINING, 2023-2030 (IN $ MILLION)

    FIGURE 19: VIETNAM HIGH VOLTAGE CABLE MARKET, BY CHEMICAL & PETROCHEMICAL, 2023-2030 (IN $ MILLION)

    FIGURE 20: VIETNAM HIGH VOLTAGE CABLE MARKET, BY OTHER INDUSTRIAL END-USERS, 2023-2030 (IN $ MILLION)

    FIGURE 21: VIETNAM HIGH VOLTAGE CABLE MARKET, BY RENEWABLE ENERGY, 2023-2030 (IN $ MILLION)

    FIGURE 22: VIETNAM HIGH VOLTAGE CABLE MARKET, BY INFRASTRUCTURE, 2023-2030 (IN $ MILLION)

    FIGURE 23: VIETNAM HIGH VOLTAGE CABLE MARKET, GROWTH POTENTIAL, BY INFRASTRUCTURE, IN 2022

    FIGURE 24: VIETNAM HIGH VOLTAGE CABLE MARKET, BY COMMERCIAL, 2023-2030 (IN $ MILLION)

    FIGURE 25: VIETNAM HIGH VOLTAGE CABLE MARKET, BY RESIDENTIAL, 2023-2030 (IN $ MILLION)       

    1. MARKET BY INSTALLATION
      • OVERHEAD
      • UNDERGROUND
      • SUBMARINE
    2. MARKET BY END-USER
      • INDUSTRIAL
        • POWER UTILITIES
        • OIL & GAS
        • MINING
        • CHEMICAL & PETROCHEMICAL
        • OTHER INDUSTRIAL END-USERS
      • RENEWABLE ENERGY
      • INFRASTRUCTURE
        • COMMERCIAL
        • RESIDENTIAL

    To request a free sample copy of this report, please complete the form below :

    We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.


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