Vietnam Wires and Cables Market Overview
Vietnam Wires And Cables Market report thoroughly covers market by voltage, installation, products and end users. The Vietnam wires and cables market report provides an unbiased and detailed analysis of the on-going Vietnam wires and cables market 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.
Vietnam Wires and Cables market experienced downfall in the year 2020 on account of the COVID-19 pandemic, owing to lower construction and infrastructure activities. Moreover, shortage of critical raw material stemming from lower industrial output and supply chain disruption negatively impacted the market.
According to 6Wresearch, Vietnam Wires and Cables Market size is projected to grow at a CAGR of 7.6% during 2021-2027. The primary reason for market growth can be attributed to rapidly growing investment by the government towards the development of energy and power projects such as Nam Dinh I, Thai Binh II, Vung Ang III, Van Phong I, among others along with investments in renewable energy projects to support the future energy demand in the rapidly developing economy.
Market by installation
In Vietnam Wires and Cables market, underground cables accounted for the majority share in the Vietnam wires and cables market in 2020 witnessing rapid growth in their installation owing to government efforts towards moving the overhead cables underground in all major regions of the country.
Key Highlights of the Report
- Vietnam Wires and Cables Market Overview
- Vietnam Wires and Cables Market Outlook
- Vietnam Wires and Cables Market Forecast
- Market Trends
- Competitive Benchmarking
- Market Drivers and Restraints
- Vietnam Wires and Cables Market Share, By Market Players
- Key Strategic Recommendations
- Historical Data and Forecast of Vietnam Wires and Cables Market Revenues, By Products, for the Period 2017-2027F
- Historical Data and Forecast of Vietnam Wires and Cables Market Revenues, By End Users, for the Period 2017-2027F
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