Key Findings
The Vietnam high voltage cable market is set to increase with a 7.45% CAGR during the estimation years, 2023-2030. Attractive government schemes for green energy production and the net-zero pledge by the country drive market growth during the period.

Market Insights
In Vietnam, the primary market growth factor is the rapidly growing government investments in developing energy and power projects. Hugely supported by the Feed-In-Tariff scheme introduced by the government, by 2022, Vietnam attained significant wind power installed capacity, of which nearly one-third is nearshore. Vietnam has a long coastline and great potential to generate energy from offshore wind. But serious interest in the development of offshore wind power has only recently begun.
Furthermore, the Prime Minister of Vietnam committed to a Net-Zero pledge by the year 2050 in the COP2. In addition, the Vietnam Power Master Plan VIII (PDP VIII) is anticipated to have an outlook for wind energy in particular and renewable energy in general. This government initiative is expected to propel the high voltage cable market in Vietnam. Also, the surging number of construction in cities and growth in transportation activities which requires advanced infrastructure, positively impact the demand for high voltage cables in the country.

Competitive Insights
Major market players include Siemens AG, Furukawa Electric Group, Hitachi Ltd, etc.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation caters to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments