Vietnam EV Charging Infrastructure Market Growth, Size, Trends, Revenue, Share and Future Scope
Vietnam EV Charging Infrastructure Market Size- By Type, By Vehicle Type, By Installed Location, By Charging Mode, By Connector Type, By Type of Charging- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Aug-2023 | Report ID: AMIN23133 | Pages: 1 - 107 | Formats*: |
| Category : Automotive & Transportation | |||
Vietnam EV Charging Infrastructure Market Introduction and Overview
According to SPER Market Research, the Vietnam EV Charging Infrastructure Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the Vietnam EV Charging Infrastructure Market, including market size and trends, product mix, distribution channels, and supplier analysis. The EV charging infrastructure pertains to the system of charging stations and associated facilities facilitating the recharging of electric vehicles (EVs). Recent years have witnessed substantial expansion in the EV charging infrastructure sector, driven by the global surge in electric vehicle adoption. EVs have garnered notable attention as an eco-friendly transportation option, aimed at curbing carbon emissions and lessening reliance on fossil fuels. With the ongoing uptick in EV usage, the establishment of a reliable and efficient EV charging network becomes increasingly vital.
- As per CRI's projections, Vietnam is expected to reach a milestone of one million electric vehicles by 2028, and this figure is anticipated to surge to 3.5 million by the year 2040.
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Market Opportunities and Challenges
While the electric vehicle market in Vietnam may not have garnered as much notice as in neighboring countries or on the global stage, this doesn't imply a lack of opportunities. Electric vehicles represent an unstoppable trend and are poised to become the future of transportation as governments worldwide embrace clean energy and environmental conservation. Vietnam's growing EV adoption, fuelled by government incentives and environmental concerns, presents a sizable market for EV charging infrastructure suppliers. These chances are further improved by the government's dedication to creating a helpful regulatory environment and funding eco-friendly transportation programmes.
Nonetheless, various challenges remain. Some EV charging stations may be designed to accommodate specific voltage levels. Therefore, the absence of standardized protocols within the existing EV charging infrastructure could potentially impede the future expansion of Vietnam's electric vehicle charging infrastructure market. Furthermore, a significant barrier lies in the necessity for substantial investments in developing the charging infrastructure. Establishing an extensive and effective charging network demands substantial financial resources and logistical planning.
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Market Competitive Landscape
Prominent entities in the Vietnam electric vehicle charging infrastructure sector include VinFast, Vietnam Oil & Gas Group (PVOIL), HGPT Mechanical, Electricity of Vietnam's Central Power Corporation, Mitsubishi Motors Vietnam, among others. These leading firms are actively engaged in the development of cutting-edge technologies and the introduction of innovative services to maintain their competitiveness within the market. Other competitive tactics encompass activities like mergers and acquisitions, as well as the launch of novel services.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Vehicle Type, By Installed Location, By Charging Mode, By Connector Type, By Type of Charging |
| Regions covered | Central Vietnam, Northern Vietnam, Southern Vietnam |
| Companies Covered | Electricity of Vietnam’s Central Power Corporation, HGPT Mechanical, Mitsubishi Motors Vietnam, Vietnam Oil & Gas Group (PVOIL), VinFast, Others |
COVID-19 Impact on Vietnam EV Charging Infrastructure Market
The COVID-19 pandemic had a significant impact on the Vietnam EV charging infrastructure market. During the outbreak, economic slowdowns and restrictions on movement reduced the overall demand for electric vehicles and subsequently slowed the expansion of charging infrastructure. Additionally, supply chain disruptions and financial uncertainties delayed infrastructure development projects. However, as the pandemic recedes and the country resumes economic activities, there is a growing recognition of the importance of electric vehicles for sustainability. This awareness, coupled with government support and incentives for EV adoption, is expected to drive a recovery in the Vietnam EV charging infrastructure market in the coming years.
Key Target Audience
- Electric Vehicle Charging Infrastructure Manufacturing Companies
- Government bodies such as regulating authorities and policy makers
- Market Research and Consulting Firms
- Organizations, forums, and alliances related to electric vehicle charging infrastructure market
Our in-depth analysis of the Vietnam EV Charging Infrastructure Market includes the following segments:
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Key Topics Covered in the Report
- Vietnam EV Charging Infrastructure Market Size (FY’2023-FY’2033)
- Overview of Vietnam EV Charging Infrastructure Market
- Segmentation of Vietnam EV Charging Infrastructure Market By Type (AC, DC)
- Segmentation of Vietnam EV Charging Infrastructure Market By Vehicle Type (Commercial Vehicle, Passenger Car, Two-Wheeler)
- Segmentation of Vietnam EV Charging Infrastructure Market By Installed Location (Commercial, Residential)
- Segmentation of Vietnam EV Charging Infrastructure Market By Charging Mode (Plug-in, Wireless)
- Segmentation of Vietnam EV Charging Infrastructure Market By Connector Type (CCS, CHAdeMO, Type 1, Type 2, UK 3-Pin, Others)
- Segmentation of Vietnam EV Charging Infrastructure Market By Type of Charging (Fast, Slow)
- Statistical Snap of Vietnam EV Charging Infrastructure Market
- Expansion Analysis of Vietnam EV Charging Infrastructure Market
- Problems and Obstacles in Vietnam EV Charging Infrastructure Market
- Competitive Landscape in the Vietnam EV Charging Infrastructure Market
- Impact of COVID-19 and Demonetization on Vietnam EV Charging Infrastructure Market
- Details on Current Investment in Vietnam EV Charging Infrastructure Market
- Competitive Analysis of Vietnam EV Charging Infrastructure Market
- Prominent Players in the Vietnam EV Charging Infrastructure Market
- SWOT Analysis of Vietnam EV Charging Infrastructure Market
- Vietnam EV Charging Infrastructure Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Vietnam EV Charging Infrastructure Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Vietnam EV Charging Infrastructure Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Vietnam EV Charging Infrastructure Market
7. Vietnam EV Charging Infrastructure Market, By Type (USD Million)
7.1. Vietnam EV Charging Infrastructure Market Value Share and Forecast, By Type, 2023-20337.2. AC (Alternating Current)7.3. DC (Direct Current)
8. Vietnam EV Charging Infrastructure Market, By Vehicle Type (USD Million)
8.1. Vietnam EV Charging Infrastructure Market Value Share and Forecast, By Vehicle Type, 2023-20338.2. Commercial Vehicle8.3. Passenger Car8.4. Two-Wheeler
9. Vietnam EV Charging Infrastructure Market, By Installed Location (USD Million)
9.1. Vietnam EV Charging Infrastructure Market Value Share and Forecast, By Installed Location, 2023-20339.2. Commercial9.3. Residential
10. Vietnam EV Charging Infrastructure Market, By Charging Mode (USD Million)
10.1. Vietnam EV Charging Infrastructure Market Value Share and Forecast, By Charging Mode, 2023-203310.2. Plug-in10.3. Wireless
11. Vietnam EV Charging Infrastructure Market, By Connector Type (USD Million)
11.1. Vietnam EV Charging Infrastructure Market Value Share and Forecast, By Connector Type, 2023-203311.2. CCS11.3. CHAdeMO11.4. Type 111.5. Type 211.6. UK 3-Pin11.7. Others
12. Vietnam EV Charging Infrastructure Market, By Type of Charging (USD Million)
12.1. Vietnam EV Charging Infrastructure Market Value Share and Forecast, By Type of Charging, 2023-203312.2. Fast12.3. Slow
13. Vietnam EV Charging Infrastructure Market Forecast, 2019-2033 (USD Million)
13.1. Vietnam EV Charging Infrastructure Market Size and Market Share
14. Vietnam EV Charging Infrastructure Market, By Type, 2019-2033 (USD Million)
14.1. Vietnam EV Charging Infrastructure Market Size and Market Share By Type (2019-2026)14.2. Vietnam EV Charging Infrastructure Market Size and Market Share By Type (2027-2033)
15. Vietnam EV Charging Infrastructure Market, By Vehicle Type, 2019-2033 (USD Million)
15.1. Vietnam EV Charging Infrastructure Market Size and Market Share By Vehicle Type (2019-2026)15.2. Vietnam EV Charging Infrastructure Market Size and Market Share By Vehicle Type (2027-2033)
16. Vietnam EV Charging Infrastructure Market, By Installed Location, 2019-2033 (USD Million)
16.1. Vietnam EV Charging Infrastructure Market Size and Market Share By Installed Location (2019-2026)16.2. Vietnam EV Charging Infrastructure Market Size and Market Share By Installed Location (2027-2033)
17. Vietnam EV Charging Infrastructure Market, By Charging Mode, 2019-2033 (USD Million)
17.1. Vietnam EV Charging Infrastructure Market Size and Market Share By Charging Mode (2019-2026)17.2. Vietnam EV Charging Infrastructure Market Size and Market Share By Charging Mode (2027-2033)
18. Vietnam EV Charging Infrastructure Market, By Connector Type, 2019-2033 (USD Million)
18.1. Vietnam EV Charging Infrastructure Market Size and Market Share By Connector Type (2019-2026)18.2. Vietnam EV Charging Infrastructure Market Size and Market Share By Connector Type (2027-2033)
19. Vietnam EV Charging Infrastructure Market, By Type of Charging, 2019-2033 (USD Million)
19.1. Vietnam EV Charging Infrastructure Market Size and Market Share By Type of Charging (2019-2026)19.2. Vietnam EV Charging Infrastructure Market Size and Market Share By Type of Charging (2027-2033)
20. Vietnam EV Charging Infrastructure Market, By Region, 2019-2033 (USD Million)
20.1. Vietnam EV Charging Infrastructure Market Size and Market Share By Region (2019-2026)20.2. Vietnam EV Charging Infrastructure Market Size and Market Share By Region (2027-2033)20.3. Central Vietnam20.4. Northern Vietnam20.5. Southern Vietnam
21. Company Profile
21.1. Electricity of Vietnam’s Central Power Corporation
21.1.1. Company details21.1.2. Financial outlook21.1.3. Product summary21.1.4. Recent developments
21.2. HGPT Mechanical
21.2.1. Company details21.2.2. Financial outlook21.2.3. Product summary21.2.4. Recent developments
21.3. Mitsubishi Motors Vietnam
21.3.1. Company details21.3.2. Financial outlook21.3.3. Product summary21.3.4. Recent developments
21.4. Vietnam Oil & Gas Group (PVOIL)
21.4.1. Company details21.4.2. Financial outlook21.4.3. Product summary21.4.4. Recent developments
21.5. VinFast
21.5.1. Company details21.5.2. Financial outlook21.5.3. Product summary21.5.4. Recent developments
21.6. Others
22. List of Abbreviations
23. Reference Links
24. Conclusion
25. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The Asia-Pacific is anticipated to have the highest market share in the Vietnam EV Charging Infrastructure Market.
The key players in the market include Companies CoveredElectricity of Vietnam’s Central Power Corporation, HGPT Mechanical, Mitsubishi Motors Vietnam, Vietnam Oil & Gas Group (PVOIL), VinFast, Others.
Vietnam EV Charging Infrastructure Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX% during the forecast period.
Vietnam EV Charging Infrastructure Market grew in market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX% during the forecast period.
Vietnam EV Charging Infrastructure Market CAGR of XX% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Vietnam EV Charging Infrastructure Market size is USD XX billion from 2023 to 2033.
Vietnam EV Charging Infrastructure Market Segment is covered By Type, By Vehicle Type, By Installed Location, By Charging Mode, By Connector Type, By Type of Charging.
The EV charging infrastructure pertains to the system of charging stations and associated facilities facilitating the recharging of electric vehicles (EVs). Recent years have witnessed substantial expansion in the EV charging infrastructure sector, driven by the global surge in electric vehicle adoption.
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