How big is the Vietnam Data Center Power Market?

The Vietnam Data Center Power Market size is expected to reach USD 397.10 million in 2024 and grow at a CAGR of 6.84% to reach USD 556.30 million by 2029. Read More

What is the current Vietnam Data Center Power Market size?

In 2024, the Vietnam Data Center Power Market size is expected to reach USD 397.10 million. Read More

Who are the key players in Vietnam Data Center Power Market?

ABB Ltd., Cummins Inc., Eaton Corporation., Legrand Group and Vertiv Group Corp. are the major companies operating in the Vietnam Data Center Power Market. Read More

What years does this Vietnam Data Center Power Market cover, and what was the market size in 2023?

In 2023, the Vietnam Data Center Power Market size was estimated at USD 369.94 million. The report covers the Vietnam Data Center Power Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Vietnam Data Center Power Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Vietnam Data Center Power Market Size & Share Analysis - Industry Research Report

Vietnam Data Center Power Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Vietnam Data Center Power Market Report is Segmented by Power Infrastructure (Electrical Solution (UPS Systems, Generators, Power Distribution Solutions [PDU, Switchgear, Critical Power Distribution, Transfer Switches, Remote Power Panels, and Others], and Service) and End User (IT & Telecommunication, BFSI, Government, Media & Entertainment, and Other End Users). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Vietnam Data Center Power Industry Overview

The upcoming DC construction projects in Vietnam are anticipated to increase the demand for the data center power market in the coming years. The Vietnamese data center power market is moderately consolidated with the presence of some players, including ABB Ltd, Cummins Inc., Eaton Corporation, Legrand Group, and Vertiv Group Corp. These major players, with a prominent market share, focus on expanding their regional customer base.

January 2024: Caterpillar Inc. partnered with Microsoft and Ballard Power Systems to test the use of large-format hydrogen fuel cells as a reliable and eco-friendly backup power source for multi-megawatt data centers. Hydrogen fuel cells are seen as a possible low-carbon alternative to diesel backup generators, which is expected to drive the growth of DC generators.
March 2024: Schneider Electric announced the expansion of its US manufacturing facilities at two locations to support critical infrastructure of data centers and other industries. At both locations, the company planned to manufacture electrical switchgear and medium-voltage power distribution products.