Summary
Renewable Energy in Vietnam industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Renewable energy market includes net generation of electricity through renewable sources. Market is segmented into hydroelectricity, wind, solar PV, biopower, and geothermal. Market volume represents the net volume of electricity produced through renewable means. Market value is calculated by multiplying the amount of electricity produced by the wholesale price.
- The Vietnamese renewable energy market recorded revenues of $4,115.6 million in 2024, representing a compound annual growth rate (CAGR) of 8.9% between 2019 and 2024.
- Market production volume increased with a CAGR of 10.9% between 2019 and 2024, reaching a total of 122,245.6 GWh in 2024.
- In 2024, Vietnamese renewable energy production recorded an annual growth of 2.6% due to the substantial increase in installed renewable energy capacity. According to the US EIA, in 2024, the Vietnamese renewable electricity installed capacity reached 50.5 million kilowatts (kW), up 5.4% annually.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the renewable energy market in Vietnam
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the renewable energy market in Vietnam
- Leading company profiles reveal details of key renewable energy market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Vietnam renewable energy market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Vietnam renewable energy market by value in 2024?
- What will be the size of the Vietnam renewable energy market in 2029?
- What factors are affecting the strength of competition in the Vietnam renewable energy market?
- How has the market performed over the last five years?
- What are the main segments that make up Vietnam's renewable energy market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What are the strategies followed by the leading players?
7.3. What are the strengths of the leading players in the market?
8 Company Profiles
8.1. Vietnam Electricity
8.2. Bitexco Power Corporation
8.3. PetroVietnam Power Corp
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Vietnam renewable energy market value: $ million, 2019-24
Table 2: Vietnam renewable energy market volume: GWh, 2019-24
Table 3: Vietnam renewable energy market category segmentation: % share, by value, 2019-24
Table 4: Vietnam renewable energy market category segmentation: $ million, 2019-24
Table 5: Vietnam renewable energy market geography segmentation: $ million, 2024
Table 6: Vietnam renewable energy market value forecast: $ million, 2024-29
Table 7: Vietnam renewable energy market volume forecast: GWh, 2024-29
Table 8: Vietnam Electricity: Key Facts
Table 9: Vietnam Electricity: Key Employees
Table 10: Bitexco Power Corporation: Key Facts
Table 12: PetroVietnam Power Corp: Key Facts
Table 13: PetroVietnam Power Corp: Annual Financial Ratios
Table 14: PetroVietnam Power Corp: Key Employees
Table 15: Vietnam Size of Population (Million), 2020-24
Table 16: Vietnam Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 17: Vietnam GDP (Current Prices, $ Billion), 2020-24
Table 18: Vietnam Inflation, 2020-24
Table 19: Vietnam Consumer Price Index (Absolute), 2020-24
Table 20: Vietnam Exchange Rate, 2019-24
List of Figures
Figure 1: Vietnam renewable energy market value: $ million, 2019-24
Figure 2: Vietnam renewable energy market volume: GWh, 2019-24
Figure 3: Vietnam renewable energy market category segmentation: $ million, 2019-24
Figure 4: Vietnam renewable energy market geography segmentation: % share, by value, 2024
Figure 5: Vietnam renewable energy market value forecast: $ million, 2024-29
Figure 6: Vietnam renewable energy market volume forecast: GWh, 2024-29
Figure 7: Forces driving competition in the renewable energy market in Vietnam, 2024
Figure 8: Drivers of buyer power in the renewable energy market in Vietnam, 2024
Figure 9: Drivers of supplier power in the renewable energy market in Vietnam, 2024
Figure 10: Factors influencing the likelihood of new entrants in the renewable energy market in Vietnam, 2024
Figure 11: Factors influencing the threat of substitutes in the renewable energy market in Vietnam, 2024
Figure 12: Drivers of degree of rivalry in the renewable energy market in Vietnam, 2024
