PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1597559
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1597559
Vietnam Wires and Cables Market, By Voltage; By Product; By Installation; By Material; By Application, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
Vietnam Wires and Cables Market Size Set to Record CAGR of 7.13% During 2024-2030
Vietnam Wires and Cables Market is booming primarily due to increasing industrialization, government initiatives to modernize infrastructure, and the emergence of urban centers and a growing population.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Vietnam Wires and Cables Market size to expand at a significant CAGR of 7.13% during the forecast period between 2024 and 2030. The Wire and Cables Market in Vietnam is propelled by substantial government investments in energy and power infrastructure projects like Nam Dinh I, Thai Binh II, Vung Ang III, and Van Phong I. The increasing focus on renewable energy sources to meet surging energy demands further fuels market expansion. Additionally, robust infrastructure development, technological advancements, and the government's commitment to modernizing urban infrastructure and rural electrification are driving demand for high-quality wires and cables. The transition towards renewable energy sources, particularly solar and wind power, necessitates specialized products capable of enduring challenging environmental conditions. Furthermore, the government's "Infrastructure Master Plan 2020," aimed at modernizing the nation's infrastructure and enhancing regional connectivity through the development of high-speed rail networks, highways, airports, and seaports, is a major catalyst for market growth, requiring significant quantities of high-quality wires and cables.
Fiber Optics Product Segment Holds Largest Market Share in Vietnam
The fiber optics segment accounts for the highest share in Vietnam Wires and Cables Market by products, driven by the nation's resolute focus on strengthening its digital infrastructure. Vietnam's ambitious plan to expand its international fiber optic cable network from five to fifteen by 2030 underscores the pivotal role of this segment in ensuring robust global connectivity. The Ministry of Information and Communications has outlined a comprehensive roadmap to develop the fiber optic system, prioritizing investments to underpin the digital economy, society, and national security. By 2027, Vietnam aims to introduce four new undersea fiber optic cable lines, substantially boosting total capacity to at least 134 Tbps. Additionally, the country intends to establish at least two more international land fiber optic lines by 2030, significantly increasing its capacity on land. These initiatives cement Vietnam's position as a key player in the regional and global digital infrastructure landscape, highlighting the paramount importance of the fiber optic segment within the overall market.
Impact of Escalating Geopolitical Tensions on Vietnam Wires and Cables Market
Intensifying geopolitical tensions could have a multifaceted impact on Vietnam Wires and Cables Market. Disruptions to global supply chains, caused by geopolitical instability, can lead to increased costs and delays in the procurement of critical raw materials like copper and aluminum. Additionally, uncertainties in the international landscape may deter foreign investments, limiting the influx of capital and technological advancements in the sector. Furthermore, trade restrictions and tariffs could hinder Vietnam's export capabilities, particularly to markets affected by geopolitical conflicts. These factors could collectively impede the overall growth and competitiveness of the Vietnamese wires and cables industry.
Competitive Landscape
Vietnam Wires and Cables Market is highly fragmented, with numerous players serving the market. The key players dominating the market include Vietnam Electric Cable Corporation (CADIVI), Thinh Phat Cables Joint Stock Company, Daphaco Cable Joint Stock Company, Thuong Dinh Electrical Wires and Cables JSC, Tanghenam Electric Wire and Cable Co. Ltd, Hoang Khanh Trading Co. Ltd, Helukabel Vietnam, Tai Truong Thanh Manufacturing, Korea Electrical Equipment Joint Stock Company, and Daphaco Electric Cable Joint Stock Company. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in Vietnam Wires and Cables Market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and Vietnam Wires and Cables Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Vietnam Wires and Cables Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. Vietnam Wires and Cables Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rapid Industrialization in Vietnam
- 3.2.1.2. Government initiatives to modernize the country's infrastructure
- 3.2.1.3. Rising number of urban centers and growing population
- 3.2.2. Restraints
- 3.2.2.1. Fluctuations in the prices of raw materials like copper and aluminum
- 3.2.2.2. Adherence to international quality standards
- 3.2.2.3. Ensuring a reliable and efficient supply chain
- 3.2.3. Opportunities
- 3.2.3.1. Government policies to promote industrialization and infrastructure development
- 3.2.3.2. Growing adoption of advanced technologies like 5G, IoT, and electric vehicles
- 3.2.3.3. Renewable energy growth
- 3.2.4. Challenges
- 3.2.4.1. Stringent regulations and quality standards for wires and cables
- 3.2.4.2. Lack of skilled workers for installation and maintenance
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. Vietnam Wires and Cables Market: Marketing Strategies
5. Vietnam Wires and Cables Market: Pricing Analysis
6. Vietnam Wires and Cables Market Overview
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Voltage
- 6.2.1.1. Low Voltage
- 6.2.1.2. Medium Voltage
- 6.2.1.3. High Voltage
- 6.2.1.4. Extra High Voltage
- 6.2.2. By Product
- 6.2.2.1. Multi-Conductor
- 6.2.2.2. Twisted Pair
- 6.2.2.3. Coaxial
- 6.2.2.4. Fiber Optics
- 6.2.3. By Installation
- 6.2.3.1. Overhead
- 6.2.3.2. Underground
- 6.2.4. By Material
- 6.2.4.1. Copper
- 6.2.4.2. Aluminum
- 6.2.4.3. Glass
- 6.2.5. By Application
- 6.2.5.1. Residential
- 6.2.5.2. Commercial
- 6.2.5.3. Industrial
- 6.2.5.4. Energy & Power
- 6.2.5.5. IT & Telecommunications
- 6.2.5.6. Others (Hospitality, Healthcare, Aerospace)
- 6.2.1. By Voltage
7. Competitive Landscape
- 7.1. List of Key Players and Their Offerings
- 7.2. Vietnam Wires and Cables Company Market Share Analysis, 2023
- 7.3. Competitive Benchmarking, By Operating Parameters
- 7.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
8. Impact of Escalating Geopolitical Tensions on Vietnam Wires and Cables Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, and SWOT Analysis)
- 9.1. Vietnam Electric Cable Corporation (CADIVI)
- 9.2. Thinh Phat Cables Joint Stock Company
- 9.3. Daphaco Cable Joint Stock Company
- 9.4. Thuong Dinh Electrical Wires and Cables JSC
- 9.5. Tanghenam Electric Wire and Cable Co. Ltd
- 9.6. Hoang Khanh Trading Co. Ltd
- 9.7. Helukabel Vietnam
- 9.8. Tai Truong Thanh Manufacturing
- 9.9. Korea Electrical Equipment Joint Stock Company
- 9.10. Daphaco Electric Cable Joint Stock Company
- 9.11. Other prominent players
10. Key Strategic Recommendations
11. Research Methodology
- 11.1. Qualitative Research
- 11.1.1. Primary & Secondary Research
- 11.2. Quantitative Research
- 11.3. Market Breakdown & Data Triangulation
- 11.3.1. Secondary Research
- 11.3.2. Primary Research
- 11.4. Breakdown of Primary Research Respondents
- 11.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 Vietnam Wires and Cables Segmentation
- Figure 2 Vietnam Wires and Cables Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 Vietnam Wires and Cables Market Size, By Value (USD Billion), 2019-2030
- Figure 5 Vietnam Wires and Cables Market Share, By Voltage, By Value (USD Billion), 2019-2030
- Figure 6 Vietnam Wires and Cables Market Share, By Product, By Value (USD Billion), 2019-2030
- Figure 7 Vietnam Wires and Cables Market Share, By Installation, By Value (USD Billion), 2019-2030
- Figure 8 Vietnam Wires and Cables Market Share, By Material, By Value (USD Billion), 2019-2030
- Figure 9 Vietnam Wires and Cables Market Share, By Application, By Value (USD Billion), 2019-2030
List of Tables
- Table 1 Vietnam Wires and Cables Market Size, By Value (USD Billion), 2019-2030
- Table 2 Vietnam Wires and Cables Market Share, By Voltage, By Value (USD Billion), 2019-2030
- Table 3 Vietnam Wires and Cables Market Share, By Product, By Value (USD Billion), 2019-2030
- Table 4 Vietnam Wires and Cables Market Share, By Installation, By Value (USD Billion), 2019-2030
- Table 5 Vietnam Wires and Cables Market Share, By Material, By Value (USD Billion), 2019-2030
- Table 6 Vietnam Wires and Cables Market Share, By Application, By Value (USD Billion), 2019-2030
- Table 7 Vietnam Electric Cable Corporation (CADIVI) Company Overview
- Table 8 Vietnam Electric Cable Corporation (CADIVI) Financial Overview
- Table 9 Thinh Phat Cables Joint Stock Company: Company Overview
- Table 10 Thinh Phat Cables Joint Stock Company Financial Overview
- Table 11 Daphaco Cable Joint Stock Company: Company Overview
- Table 12 Daphaco Cable Joint Stock Company Financial Overview
- Table 13 Thuong Dinh Electrical Wires and Cables JSC Company Overview
- Table 14 Thuong Dinh Electrical Wires and Cables JSC Financial Overview
- Table 15 Tanghenam Electric Wire and Cable Co. Ltd Company Overview
- Table 16 Tanghenam Electric Wire and Cable Co. Ltd Financial Overview
- Table 17 Hoang Khanh Trading Co. Ltd Company Overview
- Table 18 Hoang Khanh Trading Co. Lt. Financial Overview
- Table 19 Helukabel Vietnam Company Overview
- Table 20 Helukabel Vietnam Financial Overview
- Table 21 Tai Truong Thanh Manufacturing Company Overview
- Table 22 Tai Truong Thanh Manufacturing Financial Overview
- Table 23 Korea Electrical Equipment Joint Stock Company: Company Overview
- Table 24 Korea Electrical Equipment Joint Stock Company Financial Overview
- Table 25 Daphaco Electric Cable Joint Stock Company: Company Overview
- Table 26 Daphaco Electric Cable Joint Stock Company Financial Overview
