Vietnam Solar Inverter Market (2018-2024): Market Forecast by Power Ratings, by Types, by Verticals, by Regions, and Competitive Landscape

  • ID: 4745039
  • Report
  • Region: Vietnam
  • 120 Pages
  • 6W Research
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The Vietnam Solar Inverter Market Revenues are Projected to Reach $43.8 Million by 2024

FEATURED COMPANIES

  • ABB Ltd. (Vietnam)
  • Siemens AG
  • SMA Solar Technology AG
  • SolaX Power Co., Ltd.
  • MORE

The growing emphasis on renewable energy and government incentives for the promotion of solar energy would propel the demand for solar inverters in Vietnam over the coming years. Additionally, lucrative government subsidies and schemes such as Feed in Tariff and Net Metering has boosted the FDI (Foreign Direct Investment) in the solar energy sector in the country, which would increase the demand for solar inverters in Vietnam during 2018-24.

According to this research, the Vietnam Solar Inverter market revenues are projected to reach $43.8 million by 2024. The government originally planned to develop 850 MW of solar projects before 2020 under the latest revision of the National Power Development Masterplan (PDP VII). However, the MoIT (Ministry of Industry and Trade) has approved around 70 solar projects with a total capacity of over 3,000 MW which would be commissioned before June 30, 2019. The original aim of 850 MW by 2020 would be exceeded due to the new solar tender being approved by the government, which would act as a catalyst for the growth of solar inverter market over the coming years.

The solar inverter market of Vietnam is expected to grow substantially in the initial years of the forecast period on the back of favorable response received from the investors in the solar market. The market is expected to stabilize during the latter part of the period. The Southern region of Vietnam has the highest potential for solar energy as it is situated near the equator and most of the upcoming projects are concentrated in the Southern region of Vietnam.

The report thoroughly covers Vietnam Solar Inverter market by power rating, types, verticals 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 devise and align market strategies according to the current and future market dynamics.

Key Highlights of the Report:

  • Historical Data of Vietnam Solar Inverter Market Revenues and volume for the Period 2014-2017.
  • Market Size & Forecast of Vietnam Solar Inverter Market for the Period 2018-2024F.
  • Historical Data of Vietnam Solar Inverter Market Revenues and volume by power rating for the Period 2014-2017.
  • Market Size & Forecast of Vietnam Solar Inverter Market Revenues and volume by power rating for the Period 2018-2024F.
  • Historical Data of Vietnam Solar Inverter Market Revenues by types for the Period 2014-2017.
  • Market Size & Forecast of Vietnam Solar Inverter Market Revenues by types for the Period 2018-2024F.
  • Historical Data of Vietnam Solar Inverter Market Revenues by Verticals for the Period 2014-2017.
  • Market Size & Forecast of Vietnam Solar Inverter Market Revenues by Verticals for the Period 2018-2024F.
  • Historical Data of Vietnam Solar Inverter Market Revenues by regions for the Period 2014-2017.
  • Market Size & Forecast of Vietnam Solar Inverter Market by regions for the Period 2018-2024F.
  • Market Drivers and Restraints.
  • Market Trends and Developments.
  • Players Market Share.
  • Company Profiles.
  • Strategic Recommendations.

Markets Covered:

The report provides a detailed analysis of the following market segments:

By Power Ratings

  • Below 10 kW
  • 10 kW - 100 kW
  • 100.1 kW - 1 MW
  • Above 1 MW

By Types

  • Central Inverter
  • String Inverter
  • Micro Inverter

By Verticals

  • Residential
  • Commercial & Industrial
  • Utility

By Regions

  • Northern
  • Southern
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB Ltd. (Vietnam)
  • Siemens AG
  • SMA Solar Technology AG
  • SolaX Power Co., Ltd.
  • MORE

1. Executive Summary

2. Introduction
2.1 Report Description
2.2 Key Highlights of The Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions

3. Vietnam Solar Power Sector Overview

4. Vietnam Solar Inverter Market Overview
4.1 Vietnam Country Indicators
4.2 Vietnam Solar Inverter Market Revenues and Volume, 2014-2024F
4.3 Vietnam Net Solar Inverter Installed Capacity Additions, 2014-2024F
4.4 Vietnam Solar Inverter Revenue Share, By Power Rating, 2017 & 2024F
4.5 Vietnam Solar Inverter Revenue Share, By Types, 2017 & 2024F
4.6 Vietnam Solar Inverter Revenue Share, By Verticals, 2017 & 2024F
4.7 Vietnam Solar Inverter Market Revenue Share, By Regions, 2017 & 2024F
4.8 Vietnam Solar Inverter Market- Industry Life Cycle, 2017
4.9 Vietnam Solar Inverter Market - Porter's Five Forces

5. Vietnam Solar Inverter Market Dynamics
5.1 Impact Analysis
5.2 Market Drivers
5.3 Market Restraints

6. Vietnam Solar Inverter Market Trends

7. Vietnam Solar Inverter Market Overview, By Power Rating
7.1 Vietnam Below 10 kW Solar Inverter Market Revenues and Volume, 2014-2024F
7.2 Vietnam 10.1 kW-100 kW Solar Inverter Market Revenues and Volume, 2014-2024F
7.3 Vietnam 100.1 kW-1 MW Solar Inverter Market Revenues and Volume, 2014-2024F
7.4 Vietnam Above 1 MW Solar Inverter Market Revenues and Volume, 2014-2024F

8. Vietnam Solar Inverter Market Overview, By Types
8.1 Vietnam Micro Solar Inverter Market Revenues, 2014-2024F
8.2 Vietnam String Solar Inverter Market Revenues, 2014-2024F
8.3 Vietnam Central Solar Inverter Market Revenues, 2014-2024F

9. Vietnam Solar Inverter Market Overview, By Verticals
9.1 Vietnam Residential Vertical Solar Inverter Market Revenues, 2014-2024F
9.1.1 Vietnam Residential Sector Overview
9.2 Vietnam Commercial & Industrial Vertical Solar Inverter Market Revenues, 2014-2024F
9.2.1 Vietnam Commercial Sector Overview
9.2.2 Vietnam Industrial Sector Overview
9.3 Vietnam Utility Vertical Solar Inverter Market Revenues, 2014-2024F

10. Vietnam Solar Inverter Market Overview, By Regions
10.1 Vietnam Northern Region Solar Inverter Market Revenues, 2014-2024F
10.2 Vietnam Southern Region Solar Inverter Market Revenues, 2014-2024F

11. Vietnam Solar Inverter Market Key Performance Indicators
11.1 Vietnam Government Spending Outlook
11.2 Vietnam Power Utilities Sector Outlook
11.3 Vietnam Transportation Infrastructure Outlook
11.4 Vietnam Demographic and Socio-Economic Outlook
11.5 Vietnam Upcoming Power Plant Projects

12. Vietnam Solar Inverter Market Opportunity Assessment
12.1 Vietnam Solar Inverter Market Opportunity Assessment, By Power Rating, 2024F
12.2 Vietnam Solar Inverter Market Opportunity Assessment, By Types, 2024F
12.3 Vietnam Solar Inverter Market Opportunity Assessment, By Verticals, 2024F

13. Competitive Landscape
13.1 Vietnam Solar Inverter Company Market Company Ranking, 2017
13.2 Competitive Benchmarking, By Types

14. Company Profiles
14.1 Toshiba Mitsubishi-Electric Industrial Systems Corporation
14.2 Jiangsu Goodwe Power Supply Technology Ltd.
14.3 Shenzhen Growatt New Energy Technology Co., Ltd
14.4 ABB Ltd. (Vietnam)
14.5 Fronius International GMBH
14.6 Huawei Technologies Co Ltd
14.7 SMA Solar Technology AG
14.8 Sungrow Power Supply Co., Ltd.
14.9 SolaX Power Co., Ltd.
14.10 SolarEdge Technologies Ltd.
14.11 Siemens AG

15. Strategic Recommendations

16. Disclaimer

List of Figures
1. Vietnam Solar Installed Capacity, 2014 - 2017 (MW)
2. Vietnam Power Generation Capacity as per Power Development Plan VII, 2025
3. Vietnam Power Generation Capacity as per Power Development Plan VII, 2030
4. Vietnam Solar Inverter Market Revenues and Volume, 2014-2024F ($ Million, Units)
5. Vietnam Solar Inverter Net Installed Capacity Additions, 2014-2024F (MW)
6. Vietnam Solar Inverter Revenue Share, By Power Rating, 2017 & 2024F
7. Vietnam Solar Inverter Market Revenue Share, By Types, 2017 & 2024F
8. Vietnam Solar Inverter Market Revenue Share, By Verticals, 2017 & 2024F
9. Vietnam Solar Inverter Market Revenue, By Regions, 2017 & 2024F
10. Vietnam Solar Inverter Market - Industry Life Cycle 2017
11. Vietnam Carbon Dioxide Emissions, 2014-2017 (Million Tonnes)
12. Vietnam Below 10 kW Solar Inverter Market Revenues and Volume, 2014-2024F ($ Million, Units)
13. Vietnam 10 kW-100 kW Solar Inverter Market Revenues and Volume, 2014-2024F ($ Million, Units)
14. Vietnam 100.1 kW-1 MW Solar Inverter Market Revenues and Volume, 2014-2024F ($ Million, Units)
15. Vietnam Above 1 MW Solar Inverter Market Revenues and Volume, 2014-2024F ($ Million, Units)
16. Vietnam Micro Solar Inverter Market Revenues, 2014-2024F ($ Million)
17. Vietnam String Solar Inverter Market Revenues, 2014-2024F ($ Million)
18. Vietnam Central Solar Inverter Market Revenues, 2014-2024F ($ Million)
19. Vietnam Residential Vertical Solar Inverter Market Revenues, 2014-2024F ($ Million)
20. Hanoi Condominium New Launch, 2016-2019F (Units)
21. Vietnam Residential Sector Market Size, 2018-25F ($ Billion)
22. Vietnam Total Residential Housing Requirement, 2014-2020F (Thousand Units)
23. Vietnam Commercial & Industrial Solar Inverter Market Revenues, 2014-2024F ($ Million)
24. Vietnam Ready Built Factories, 2016-2019F ('000Sq.M.)
25. Vietnam Warehouse Supply, 2016-2019F ('000Sq.M.)
26. Vietnam Industrial Production Index Growth, 2013-2017
27. Vietnam Key Economic Regions, 2017
28. Vietnam Utility Solar Inverter Market Revenues, 2014-2024F ($ Million)
29. Northern Vietnam Region Solar Inverter Market Revenues, 2014-2017 ($ Million)
30. Southern Vietnam Region Solar Inverter Market Revenues, 2014-2017 ($ Million)
31. Vietnam Concentrating Solar Potential in kWh/m2 Day
32. Vietnam Photovoltaic Solar Potential in kWh/m2 Day
33. Government Actual Government Spending Vs Actual Government Revenues, 2014-2022F (VND Trillion)
34. Government Budget Expenditure, Q1-Q3 2017 ($ Billion)
35. Vietnam Demand Energy Balance, 2013-2020 (GWh)
36. Vietnam Solar Inverter Market Opportunity Assessment, By Power Rating, 2024F
37. Vietnam Solar Inverter Market Opportunity Assessment, By Types, 2024F
38. Vietnam Solar Inverter Market Opportunity Assessment, By Verticals, 2024F
39. Vietnam Solar Inverter Market Revenue Share, By Company, 2017

List of Tables
1. Proposed Power Breakup Plan by the Vietnam Government, 2015-2030
2. Total Power Generation Installed Capacity in Vietnam as per Power Development Plan VII, 2020-2030 (MW)
3. Vietnam Upcoming Residential Projects
4. Vietnam Upcoming Commercial Projects
5. Vietnam Upcoming Manufacturing Projects
6. Investment Capital Realized Under the State Budget, 2018
7. Vietnam Upcoming Solar Projects, As on October 2018

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  • ABB Ltd. (Vietnam)
  • Fronius International GMBH
  • Huawei Technologies Co Ltd
  • Jiangsu Goodwe Power Supply Technology Ltd.
  • Shenzhen Growatt New Energy Technology Co., Ltd
  • Siemens AG
  • SMA Solar Technology AG
  • SolarEdge Technologies Ltd.
  • SolaX Power Co., Ltd.
  • Sungrow Power Supply Co., Ltd.
  • Toshiba Mitsubishi-Electric Industrial Systems Corporation
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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