Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Vietnam Power EPC Market Size

The Vietnam power EPC market reached approximately USD 3.10 billion in 2023. The market is projected to grow at a CAGR of 4.6% between 2024 and 2032, reaching a value of around USD 4.65 billion by 2032.

 

Vietnam Power EPC Market Outlook

  • As of the year 2023, Vietnam's total electricity consumption stands at approximately 266 TWh.
  • As of 2023, Vietnam's electricity was mainly produced from fossil fuels, of which more than half is 126 TWh of coal and gas and oil worth 27 TWh.
  • The National Power Development Plan for 2021-2030 (Power Development Plan 8 (PDP8)) was implemented in April 2024.

 

Vietnam Power EPC Market Report Snapshots

Vietnam Power EPC Market Size

Vietnam Power EPC Market Growth

Vietnam Power EPC Market Share

Vietnam Power EPC Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2024, the market reached an approximate value of USD 3.10 billion.

The market is estimated to grow at a CAGR of 4.6% between 2025 and 2034.

The market is estimated to witness a healthy growth during 2025-2034 to reach around USD 4.65 billion by 2034.

The market is being driven by rapid urbanisation and rising infrastructure development projects.

The key trends aiding the market expansion include the adoption of renewable energy and the expansion of grid infrastructure.

The major regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.

The different types of power EPC in the market include thermal, oil and gas, renewable, and nuclear, among others.

The major players in the market are PETROVIETNAM POWER CORPORATION, Power Engineering Consulting Joint Stock Company 2, LILAMA CORPORATION, and Doosan Enerbility Vietnam Co., among others.

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