Report Overview

Vietnam Copper Cable and Wire Market – Industry Trends & Forecast Report, 2030

Vietnam Copper Cable and Wire Market size was estimated at USD 2.13 billion in 2023. During the forecast period between 2024 and 2030, Vietnam Copper Cable and Wire Market size is projected to grow at a CAGR of 2.6% reaching a value of USD 3.22 billion by 2030. Prominent drivers of the market include the rising demand for renewable energy infrastructure, as copper cables are essential in transmitting and distributing power from sources like wind and solar energy. As renewable energy adoption increases globally, the demand for durable copper cables that can withstand extreme conditions is expected to grow. Additionally, the expansion of the construction industry, driven by infrastructure development, population growth, and urbanization, further fuels the need for copper cables due to their high electrical conductivity and corrosion resistance, making them crucial for modern construction projects.

Copper Cable and Wire – Overview

Copper is an excellent electrical conductor known for its superior connectivity, safety, and resistance to corrosion. It outperforms aluminum in conductivity, heat transfer, and ductility, making it essential to the growth of the Copper Wire and Cable Market in Vietnam. Additionally, rising investments in upgrading electricity transmission and distribution systems, including the expansion of smart grids, are fueling demand. Smart grid technologies, especially in underground and submarine cables, are becoming increasingly important as they support the growing needs of cellular communications.

Vietnam Copper Cable and Wire Market

Growth Drivers

Growing Electrical Appliance Market

The growing electrical appliance market in Vietnam is closely tied to the global demand for key materials like copper, especially with the rise of electric vehicles (EVs) and renewable energy. Copper, a critical component in electrical appliances, is facing a global shortage due to declining production and rising demand. This shortage, driven by increased use of copper in EVs, which require five times more copper than traditional vehicles, as well as renewable energy projects like solar and wind power, is causing prices to soar. As of 2024, copper prices have jumped 22%, reaching USD 10,000 per ton. Vietnam, with its growing role in EV assembly, has an opportunity to expand into copper refining and battery production, positioning itself more prominently in the supply chain for electrical appliances and EVs. By investing in copper refineries and related infrastructure, Vietnam can capitalize on this growing demand and strengthen its electrical appliance market amid the global green transition.

Challenges

Volatile Copper Prices

Fluctuating copper prices, driven by global supply-demand imbalances, geopolitical tensions, and currency exchange rates, increase the cost of raw materials for manufacturers. This unpredictability forces companies to absorb higher production costs or pass them on to consumers, making it difficult to maintain stable pricing. As a result, the industry's profitability is impacted, and market expansion slows. Furthermore, frequent price changes hinder long-term contracts and investment plans, further limiting the growth potential of Copper Wire and Cable Market in Vietnam.

Impact of Escalating Geopolitical Tensions on Vietnam Copper Cable and Wire Market

Escalating geopolitical tensions among countries and spreading across regions could have a significant impact on the growth of Vietnam Copper Cable and Wire Market. These tensions disrupt global copper supply chains, leading to price fluctuations and shortages of raw materials. Trade restrictions, tariffs, and sanctions imposed between conflicting nations further exacerbate these issues, increasing production costs for manufacturers. Additionally, geopolitical instability affects investor confidence, reducing funding for infrastructure projects that drive demand for copper cables and wires. As a result, the market faces challenges in maintaining steady growth, with uncertainty looming over long-term contracts and expansion opportunities in Vietnam.

Vietnam Copper Cable and Wire Market

Segmental Coverage

Vietnam Copper Cable and Wire Market – By Product Type

Based on product type, Vietnam Copper Cable and Wire Market is bifurcated into Wire and Cable segments. The wire segment holds a higher share in Vietnam Copper Cable and Wire Market and is expected to maintain its dominance during the forecast period by product type. It can be attributed to the extensive use of copper wire in power generation, transmission, telecommunications, and various electrical equipment. Copper wire, a single conductor, is essential in industries such as construction, automotive, electronics, and telecommunications, driving its high demand. As urbanization, electrification, and infrastructure development continue to expand, the wire segment is poised for sustained growth. Also, technological advancements in insulation and fire-resistant materials further boost the wire segment’s dominance in the market.

Vietnam Copper Cable and Wire Market – By Voltage

Based on voltage, Vietnam Copper Cable and Wire Market is divided into Low Voltage, Medium Voltage, and High Voltage segments.

Vietnam Copper Cable and Wire Market – By Application

By application, Vietnam Copper Cable and Wire Market is divided into Building and Construction, Telecommunications, Automotive, Oil and Gas, and Renewable Energy segments.

Competitive Landscape

Major players operating in Vietnam Copper Cable and Wire Market include Vietnam Electric Cable Corporation (CADIVI), Thinh Phat Cables Joint Stock Company, Daphaco Cable Joint Stock Company, Thuong Dinh Electrical Wires and Cables JSC, Tanghenam Electric Wire and Cable Co., Ltd, Hoang Khanh Trading Co., Ltd, HELUKABEL Vietnam, Tai Truong Thanh Manufacturing, Korea Electrical Equipment Joint Stock Company, and Daphaco Electric Cable Joint Stock Company. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Product Type

• Wire

• Cable

By Voltage

• Low Voltage

• Medium Voltage

• High Voltage

By Application

• Building & Construction

• Telecommunications

• Automotive

• Oil & Gas

• Renewable Energy

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Vietnam Copper Cable and Wire Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Rapid industrialization
         2. Increasing urbanization rate in Vietnam
         3. Growing electrical appliance market
      2. Restraints
         1. Price volatility of copper
         2. Competition from aluminum cables
         3. Limited domestic copper production
      3. Opportunities
         1. Increasing focus on renewable energy sources
         2. Development of smart grids
         3. Infrastructure development
      4. Challenges
         1. Stricter environmental regulations
         2. Skilled labor shortages
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Vietnam Copper Cable and Wire Market: Marketing Strategies
5. Vietnam Copper Cable and Wire Market: Pricing Analysis
6. Vietnam Copper Cable and Wire Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Product Type
         1. Wire
         2. Cable
      2. By Voltage
         1. Low Voltage
         2. Medium Voltage
         3. High Voltage
      3. By Application
         1. Building & Construction
         2. Telecommunications
         3. Automotive
         4. Oil & Gas
         5. Renewable Energy
         6. Others
7. Competitive Landscape
   1. List of Key Players and Their Products
   2. Vietnam Copper Cable and Wire Company Market Share Analysis, 2023
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Merger, Acquisition, Partnership)
8. Impact of Escalating Geopolitical Tensions on Vietnam Copper Cable and Wire Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, and SWOT Analysis)
   1. Vietnam Electric Cable Corporation (CADIVI)
   2. Thinh Phat Cables Joint Stock Company
   3. Daphaco Cable Joint Stock Company
   4. THUONG DINH ELECTRICAL WIRES AND CABLES. , JSC.
   5. TANGHENAM ELECTRIC WIRE AND CABLE CO., LTD
   6. Hoang Khanh Trading Co., Ltd.
   7. HELUKABEL Vietnam
   8. Tai Truong Thanh Manufacturing
   9. Korea Electrical Equipment Joint Stock Company
   10. DAPHACO ELECTRIC CABLE JOINT STOCK COMPANY
   11. Other prominent players
10. Key Strategic Recommendations
11. Research Methodology
    1. Qualitative Research
       1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.    Breakdown of Primary Research Respondents
    5.    Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List of Figures

Figure 1       Vietnam Copper Cable and Wire Segmentation

Figure 2       Vietnam Copper Cable and Wire Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Vietnam Copper Cable and Wire Market Size, By Value (USD Billion), 2019–2030

Figure 5       Vietnam Copper Cable and Wire Market Share, By Product Type, By Value (USD Billion), 2019–2030

Figure 6       Vietnam Copper Cable and Wire Market Share, By Voltage, By Value (USD Billion), 2019–2030

Figure 7       Vietnam Copper Cable and Wire Market Share, By Application, By Value (USD Billion), 2019–2030

List of Tables      

Table 1        Vietnam Copper Cable and Wire Market Size, By Value (USD Billion), 2019–2030

Table 2        Vietnam Copper Cable and Wire Market Share, By Product Type, By Value (USD Billion), 2019–2030

Table 3        Vietnam Copper Cable and Wire Market Share, By Voltage, By Value (USD Billion), 2019–2030

Table 4        Vietnam Copper Cable and Wire Market Share, By Application, By Value (USD Billion), 2019–2030

Table 5        Vietnam Electric Cable Corporation (CADIVI) Company Overview

Table 6        Vietnam Electric Cable Corporation (CADIVI) Financial Overview

Table 7        Thinh Phat Cables Joint Stock Company: Company Overview

Table 8        Thinh Phat Cables Joint Stock Company Financial Overview

Table 9        Daphaco Cable Joint Stock Company: Company Overview

Table 10      Daphaco Cable Joint Stock Company Financial Overview

Table 11      THUONG DINH ELECTRICAL WIRES AND CABLES. , JSC. Company Overview

Table 12      THUONG DINH ELECTRICAL WIRES AND CABLES. , JSC. Financial Overview

Table 13      TANGHENAM ELECTRIC WIRE AND CABLE CO., LTD Company Overview

Table 14      TANGHENAM ELECTRIC WIRE AND CABLE CO., LTD Financial Overview

Table 15      Hoang Khanh Trading Co., Ltd. Company Overview

Table 16      Hoang Khanh Trading Co., Ltd. Financial Overview

Table 17      HELUKABEL Vietnam Company Overview

Table 18      HELUKABEL Vietnam Financial Overview

Table 19      Tai Truong Thanh Manufacturing Company Overview

Table 20      Tai Truong Thanh Manufacturing Financial Overview

Table 21      Korea Electrical Equipment Joint Stock Company: Company Overview

Table 22      Korea Electrical Equipment Joint Stock Company Financial Overview

Table 23      DAPHACO ELECTRIC CABLE JOINT STOCK COMPANY: Company Overview

Table 24      DAPHACO ELECTRIC CABLE JOINT STOCK COMPANY Financial Overview