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
How Smart Refrigerators are Driving Global Market Growth and Consumer Demand
The global refrigerator market has been witnessing consistent growth, supported by increasing urbanization, rising household incomes, and the growing need for food preservation. Refrigerators are important household appliances that prevent spoilage, keep food fresh, and offer convenience for storing spoilable items. Refrigerators now come in different types including double-door, side-by-side, single-door, and smart refrigerators, with continuous innovation serving various consumer demands and lifestyles.
According to 6Wresearch, the Global Refrigerator Market is…
Ride the Wave: How Personal Watercraft Are Revolutionizing Water Sports Worldwid …
The global personal watercraft market is rapidly expanding, fueled by growing enthusiasm for water-based recreation and advancements in watercraft technology. Celebrated for their speed, agility, and excitement, PWCs are becoming more popular among individuals, sports fans, and rental companies globally. Their growing use in leisure and rescue activities has boosted demand across multiple regions.
According to 6Wresearch, the Global Personal Watercraft Market is expected to grow at a compound annual growth…
rom Dreams to Reality: How Personal Loans Are Fueling Global Financial Goals
The global personal loan market has consistently grown, fueled by the rising demand for accessible and flexible financial options among consumers globally. Personal loans are preferred for their ease, fast approval, and adaptability to various financial purposes, such as debt consolidation, education, healthcare costs, and home upgrades. This rise in demand can be seen, combined with the emergence of digital lending platforms and financial inclusion efforts, continues to drive steady…
PC Sales Are Booming Again - Here's Where the Market Is Headed Next
The global PC market stays strong, fueled by growing demand from both consumer and business sectors. Even with rising competition from mobile devices and cloud services, PCs remain crucial for education, remote work, gaming, business tasks, and content creation. Their dependable performance, reliability, and flexibility ensure they are indispensable tools in both everyday life and professional environments. As digital transformation expands globally, the continued need for high-performance computing supports the…
More Releases for Vietnam
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 Two Wheeler Tire Market Size Boosting The Growth Worldwide | Kenda Rubbe …
Vietnam two wheeler tire market is expected to continue growing owing to the expanding private-public investment in two-wheeler production in the country and increasing vehicle ownership owing to the rising disposable income of the consumers
A recent study conducted by the strategic consulting and market research firm Report Ocean revealed that the Vietnam two wheeler tire market witnessed sales of 40.4 million units in the year 2021 and this sales figures…
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…
