Press release
0 Vietnam Switchgear market revenues are projected to grow at a CAGR of 7.1% during 2018-24
Vietnam Switchgear Market (2018-2024)
Government efforts to develop power related infrastructure to ensure 100% electrification rate in rural region of Vietnam under the National Power Development Plan VII (2011-2020) along with the strengthening of urban infrastructure including housing and transportation would increase the demand for the switchgears in the country.
According to 6Wresearch, Vietnam Switchgear market revenues are projected to grow at a CAGR of 7.1% during 2018-24. According to the Department for Economic Zones Management (DEZM), industrial parks and special economic zones in Vietnam attracted more than 850 domestic and foreign investment projects worth $12.4 billion in 2017. Stable economic growth and rising inflow of foreign direct investment in industrial sector would be some of the key factors on account of which the switchgear market of the country would register a healthy growth during 2018-24.
Browse Press Release : http://www.6wresearch.com/press-releases/vietnam-switchgear-market-share-forecasts-size-growth-opportunity-shipments-cagr-players-trends-news.html
According to Ravi Bhandari, Assistant Manager, 6Wresearch, “The residential sector of Vietnam experienced robust growth in past years due to shift in trend towards luxury and mid ranged housing units. Further, the government of Vietnam is also supporting the development of green buildings in Ho Chi Minh and Hanoi regions. The demand for medium and high voltage switchgears is also expected to increase on account of significant growth in the transmission grid network across the country.”
“According to Vietnam Electricity (EVN), the total installed power generation capacity of Vietnam would reach around 64 GW by 2020, thus resulting in construction of several new power plant projects in the next few years which would aid the demand for switchgears in the power sector of the country.” Ravi further added.
According to Akash Jain, Research Analyst, 6Wresearch, “demand for low and medium voltage switchgears is expected to remain strong due to growing construction activities in residential and commercial segments. The government is looking to develop social infrastructure across Vietnam to attract investment in retail and commercial sectors of the country, especially outside metropolitan cities such as HCM city and Hanoi.
“The $450 billion Economic Restructuring Plan 2016-2020 would focus on the construction of transportation infrastructure, affordable housing and industrial construction in Vietnam,” Akash concluded.
Some of the key players in Vietnam Switchgear market include- Schneider Electric, Siemens, ABB, Fuji Electric and Mitsubishi Electric.
“Vietnam Switchgear Market (2018-2024)” provides in-depth analysis with 67 figures and 28 tables covered in 155 pages. The report estimates and forecast the overall Vietnam switchgear market by voltage, types, insulation, applications and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
For Sample Pages & Detailed Report Description Visit : http://www.6wresearch.com/market-reports/vietnam-switchgear-market-2018-2024-forecast-by-voltage-low-medium-high-insulation-ais-gis-mcb-mccb-cr-acb-cos-verticals-regions-competitive-landscape.html
6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.
Delhi/NCR Office
1107-1108, PEARLS BEST HEIGHTS
TOWER 1, NETAJI SUBHASH PLACE
PITAMPURA, New Delhi-110034
Phone: +911143024305
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release 0 Vietnam Switchgear market revenues are projected to grow at a CAGR of 7.1% during 2018-24 here
News-ID: 1038044 • Views: …
More Releases from 6Wresearch- Market Intelligence Solutions
Why the Global Plums Market is Growing Steadily with Advancements in Cultivation …
The global plums market is witnessing a massive surge in the recent years, which is due to some major factors, such as a rise in the consumer demand for nutritious fruits and rising awareness of the health benefits associated with stone fruits. Plums have rich content of vitamins, antioxidants, and dietary fiber, along with their natural sweetness and versatility in fresh and processed forms, which make them the most demanding…
Understanding the Growth of the Global Vitamin E Market
The global Vitamin E market growth has been increasing over the past few years as it is influenced by some major factors, which include increasing awareness of the health benefits of Vitamin E and the rising demand for nutraceuticals and personal care products. Vitamin E has various antioxidant properties, which help protect cells from oxidative damage, thereby its use across dietary supplements, skincare products, and pharmaceuticals is increasing. Also, the…
Understanding the Growth of the Global Quinoa Market
The global quinoa market growth is estimated to surge in the coming years, which is mainly driven by a rise in the consumer preferences for nutritious and plant-based food products. Quinoa demand is on the rise in the country, which is due to the rising health awareness and changing dietary habits. Quinoa is a versatile ingredient in various cuisines and is widely consumed into daily meals, especially in salads, snacks,…
Future Opportunities and Emerging Models in the Insurance Market
The global insurance market is witnessing steady growth worldwide. It is the most important part of the financial sector as it offers protection against risks and uncertainties. Furthermore, Insurance provides security for individuals, families, and businesses. The rising awareness of financial planning, growing incomes, urbanization, and the digital transformation of financial services are boosting the market growth. Moreover, governments and private players are also supporting the market expansion.
According to 6Wresearch,…
More Releases for Vietnam
Vietnam Marvel Travel: Redefining Premium Travel Experiences Across Vietnam
Vietnam Marvel Travel, a leading premium travel agency in Vietnam, is redefining how international and domestic travelers explore the country through high-quality tours, luxury cruises, and tailor-made travel experiences. With a strong focus on service excellence, comfort, and authenticity, the company helps travelers discover Vietnam's most iconic landscapes and cultural destinations with ease and confidence.
Vietnam, 29th Dec 2025 - Vietnam Marvel Travel's vision is to become a trusted premium travel…
Vietnam beverages Market : Key Findings for Market Analysis and Business Plannin …
Vietnam beverages Market Analysis and Forecast, 2019-2028
The Vietnam beverages market was over US$ 2.5 billion in 2019 and is expected to grow at a CAGR of around 14.2% over the forecast period of 2022-2028.
Market Overview
The Vietnam beverages market study by RationalStat comprises comprehensive market analysis and insights across the key market segments and geography. The market report analyzes the Vietnam market for the historical period of 2019-2021 and the forecast…
Vietnam beverages Market | Outlook and Opportunities: A Forecast of Growth, Inve …
Vietnam beverages Market Analysis and Forecast, 2022-2028
The Vietnam beverages market was US$ 480 Bn in 2021 and is expected to grow at a CAGR of around 12.5% over the forecast period of 2022-2028.
Download PDF Sample of beverages Market report @ https://www.themarketinsights.com/request-sample/280160
Market Scope & Overview
The Vietnam beverages market study by RationalStat comprises comprehensive market analysis and insights across the key market segments and geography. The market report analyzes the Vietnam market…
Vietnam beverages market Key Information By Top Key Player | Sabeco, Heineken Vi …
The Vietnam beverages market was over US$ 2.5 billion in 2019 and is expected to grow at a CAGR of around 14.2% over the forecast period of 2022-2028.
Market Scope & Overview
The Vietnam beverages market study by RationalStat comprises comprehensive market analysis and insights across the key market segments and geography. The market report analyzes the Vietnam market for the historical period of 2019-2021 and the forecast period of 2022-2028 based…
Vietnam Agriculture Market, Vietnam Agriculture Industry, Vietnam Agriculture Li …
Agriculture has always been of pronounced importance for Vietnam, as feeding the realm’s largest population is not a relaxed task. The Vietnam government has been associate the agriculture industry with a number of policies, demanding to alleviate the output and seeking methods to ensure the sector is developing healthily and sustainably. The Vietnam federal government has been decidedly supportive of agriculture for decades, and there is extensive political consensus as…
The Baby Food Sector in Vietnam, 2018 Key Trends and Opportunities By Vietnam Da …
"The Baby Food Sector in Vietnam, 2018", is an analytical report by GlobalData which provides extensive and highly detailed current and future market trends in the Vietnamese market.
Vietnamese mothers have prepared fresh food for their babies but, as the economy has developed and more women have been drawn into the urban workplace, these mothers have increasingly found they have less time to spend preparing food and to spend with their…
