Vietnam Energy Management Market Forecast 2030: Key Players & Emerging Trends

Vietnam Energy Management Market Size & Insights

As per recent study by MarkNtel Advisors 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.       

What are the Key DROs in the Vietnam Energy Management Market?

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.

What are the Key Segments in the Vietnam Energy Management Market?

The Vietnam Energy Management is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

·       By Component

o   Hardware

§  Sensors - Market Size & Forecast 2020-2030F, USD Million

§  Controllers - Market Size & Forecast 2020-2030F, USD Million

§  Computer Servers - Market Size & Forecast 2020-2030F, USD Million

§  Display Devices - Market Size & Forecast 2020-2030F, USD Million

§  Others - Market Size & Forecast 2020-2030F, USD Million

o   Software

§  Supervisory Control and Data Acquisition (SCADA) - Market Size & Forecast 2020-2030F, USD Million

§  Advanced Distribution Management Solution (ADMS) - Market Size & Forecast 2020-2030F, USD Million

§  Outage Management System (OMS) - Market Size & Forecast 2020-2030F, USD Million

§  Generation Management System (GMS) - Market Size & Forecast 2020-2030F, USD Million

§  Others - Market Size & Forecast 2020-2030F, USD Million

o   Service - Market Size & Forecast 2020-2030F, USD Million

·       By Communication Technology

o   Wired - Market Size & Forecast 2020-2030F, USD Million

o   Wireless - Market Size & Forecast 2020-2030F, USD Million

·       By Offerings

o   Industry/ Factory Energy Management Systems - Market Size & Forecast 2020-2030F, USD Million

o   Building Energy Management Systems - Market Size & Forecast 2020-2030F, USD Million

o   Others - Market Size & Forecast 2020-2030F, USD Million

·       By End-User

o   Corporates - Market Size & Forecast 2020-2030F, USD Million

o   Industries - Market Size & Forecast 2020-2030F, USD Million

o   Retail Malls - Market Size & Forecast 2020-2030F, USD Million

o   Residential Units - Market Size & Forecast 2020-2030F, USD Million

o   Government - Market Size & Forecast 2020-2030F, USD Million

o   Hospitality - Market Size & Forecast 2020-2030F, USD Million

o   Healthcare - Market Size & Forecast 2020-2030F, USD Million

o   Educational Institutes - Market Size & Forecast 2020-2030F, USD Million

o   Others - Market Size & Forecast 2020-2030F, USD Million

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By Region

·       Northern - Market Size & Forecast 2020-2030F, USD Million

·       Central - Market Size & Forecast 2020-2030F, USD Million

·       Southern - Market Size & Forecast 2020-2030F, USD Million

The Southern Region of Vietnam has the largest market share of more than 39% in the Vietnam Energy Management Market.

How does geographical analysis highlight in the Vietnam Energy Management market?

Who are the Key Players in Vietnam Energy Management Market?

ABB, Siemens, Honeywell, Schneider Electric, Johnson Control, General Electric, 8Elements Smart Energy, Yokogawa Vietnam Company Ltd., Green Yellow (Vietnam), Hitachi Energy (Vietnam), and others.

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Vietnam Energy Management Market News

• February 2024: Honeywell signed an MoU with the Green Solutions Group Corporation for the first green hydrogen plant in Vietnam. Honeywell will provide the necessary technologies including the energy management technologies such as battery energy storage systems.
• December 2023: ABB deployed energy management solutions and smart building technologies to save energy in Vietnam’s National Innovation Centre.

Key pillars of the research methodology include:

·       Scope & Research Design – Clearly defined objectives with tailored qualitative and quantitative methods, backed by precise timelines and budgets.

·       Sample Selection & Data Collection – Representative samples achieved through proven techniques like random and stratified sampling, supported by reliable tools such as surveys, interviews, and observations.

·       Data Analysis & Validation – Rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.

·       Forecasting & Finalization – Predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.

"Our methodology reflects the trust businesses place in us. By combining innovation with precision, we deliver not just numbers, but clarity and direction for decision-makers worldwide," said a spokesperson for MarkNtel Advisors.

Why This MarkNtel Advisors Research Report:

• In-depth Market Analysis: Understand trends and dynamics shaping growth.
• Segmented Insights: Target specific segments for focused strategies.
• Geographical Performance: Assess market opportunities by geographic area.
• Emerging Technologies: Discover advancements like AI integration.
• Risk Identification: Pinpoint challenges to inform strategic planning.
• Future Forecasts: Prepare for market changes with actionable projections.

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