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 $4.11 billion 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?
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Vietnam Electricity
- Bitexco Power Corporation
- PetroVietnam Power Corp