Report Overview

Vietnam Power SCADA Market – Industry Trends & Forecast Report, 2031

Vietnam Power SCADA Market size was estimated at USD 1.37 billion in 2024. During the forecast period between 2025 and 2031, Vietnam Power SCADA Market size is projected to grow at a CAGR of 12.8% reaching a value of USD 3.18 billion by 2031. Prominent drivers of the market include the increasing deployment of smart grid technologies, rising investments in power distribution automation, and the growing emphasis on energy efficiency and grid reliability. Additionally, aging infrastructure and ongoing grid modernization initiatives are key factors propelling market growth, as outdated power transmission and distribution networks pose reliability and safety challenges. To address these concerns, governments and utilities are investing in modernization efforts to enhance grid resilience and efficiency, with power SCADA systems playing a critical role by providing real-time monitoring, control, and automation, optimizing energy distribution, integrating renewable sources, and facilitating predictive maintenance. Companies in the market are also expanding through acquisitions to enhance their offerings and cater to a broader customer base. Furthermore, the rising adoption of cloud-based SCADA solutions is reshaping the industry, as traditional systems require extensive hardware infrastructure and onsite maintenance, limiting scalability and flexibility. Cloud-based alternatives offer improved accessibility, scalability, and cost-effectiveness by leveraging remote monitoring, advanced analytics, and reduced operational costs. Vietnam Electricity Group’s Ho Chi Minh City Power Corp. (EVNHCMC) has successfully implemented a Distribution Automation System (DAS) to enhance fault detection and power restoration, significantly improving grid performance, further highlighting the growing role of SCADA systems in modernizing Vietnam’s power sector.

Power SCADA – Overview

Power SCADA is an advanced control system used for real-time monitoring, automation, and management of electrical power systems. It enables utilities, industries, and grid operators to efficiently oversee power generation, transmission, and distribution by collecting data from remote equipment, analyzing system performance, and executing automated control actions. Power SCADA systems enhance operational reliability, improve fault detection, optimize energy distribution, and support predictive maintenance. They play a critical role in modernizing power infrastructure by integrating renewable energy sources, reducing downtime, and ensuring grid stability in complex electrical networks.

Vietnam Power SCADA Market

Growth Drivers

Government’s Supportive Initiatives for Smart Grid Development

The power sector in Vietnam is undergoing a significant transformation, driven by government initiatives focused on smart grid development and modernization. The United States Trade and Development Agency (USTDA) is playing a pivotal role in this transition by facilitating collaborations between Vietnamese power sector officials and United States-based companies specializing in advanced grid technologies and cybersecurity solutions. As part of this effort, a delegation of 14 senior Vietnamese officials will participate in a reverse trade mission to the United States, engaging with industry leaders, government representatives, and academic institutions to explore cutting-edge technologies that can enhance Vietnam’s energy infrastructure. The Vietnamese government has committed over USD 120 billion to modernize the energy sector by 2030, prioritizing the adoption of smart grid technology to improve efficiency, reliability, and security. Smart grids enable better demand management, real-time monitoring, and seamless integration of renewable energy sources like solar and wind. Additionally, with the increasing digitization of energy infrastructure, cybersecurity has become a critical concern. United States-based companies specializing in cybersecurity solutions are well-positioned to assist Vietnam in securing its power grid against potential threats, ensuring operational stability and resilience. Beyond national initiatives, this modernization drive aligns with broader global strategies such as the United States Partnership for Global Infrastructure and Investment, which supports infrastructure advancements in developing nations. USTDA’s Global Partnership for Climate-Smart Infrastructure also facilitates clean energy projects, further strengthening Vietnam’s energy transition. By embracing smart grid solutions and reinforcing cybersecurity measures, Vietnam is taking a proactive approach to ensuring a stable, efficient, and future-ready power sector.

Challenges

High Initial Investment

Vietnam Power SCADA Market faces challenges due to the high initial investment required for implementation. Significant costs are involved in procuring hardware, software, installation, and system customization. Additionally, integrating SCADA with existing infrastructure and training personnel further increases expenses, making adoption difficult for smaller utilities and budget-constrained industries. The complexity of these systems also demands specialized expertise, leading to additional costs for hiring skilled professionals or outsourcing services. Although SCADA enhances operational efficiency and reliability in the long run, the substantial upfront expenditure remains a key obstacle for potential adopters.

Impact of Escalating Geopolitical Tensions on Vietnam Power SCADA Market

Escalating geopolitical tensions among major global economies could significantly impact the growth Vietnam Power SCADA Market by increasing tariffs, disrupting supply chains, growing cybersecurity threats, and delaying infrastructure projects. Heightened regional conflicts may lead to stricter trade regulations, raising costs for importing advanced SCADA components. Additionally, geopolitical instability heightens the risk of cyberattacks on critical power infrastructure, prompting the need for stronger security measures and compliance regulations. Uncertainty in foreign investments and shifting diplomatic ties may further slow automation initiatives in the power sector. To mitigate these challenges, strategic partnerships, localizing production, and enhancing cybersecurity resilience are crucial for ensuring sustained SCADA market growth in Vietnam.

Vietnam Power SCADA Market

Segmental Coverage

Vietnam Power SCADA Market – By Offering

Based on offering, Vietnam Power SCADA Market is divided into Hardware, Software, and Services segments. The hardware segment holds the highest share in Vietnam Power SCADA Market by offering. Hardware components, such as RTUs, PLCs, and HMIs, play a crucial role in data acquisition and control within SCADA systems. Known for their durability and efficiency, these components operate reliably in challenging environments, ensuring seamless performance in critical infrastructure. Advancements in technology continue to enhance their functionality and integration with existing systems, fueling demand for upgrades. Additionally, hardware’s extended lifespan compared to software generates consistent revenue through maintenance contracts and replacements, reinforcing its long-term value in SCADA applications.

Vietnam Power SCADA Market – By Architecture

By architecture, Vietnam Power SCADA Market is divided into Traditional SCADA, Networked SCADA, and Cloud-based SCADA segments.

Vietnam Power SCADA Market – By End User

On the basis of end user, Vietnam Power SCADA Market is segmented into Power Utilities, Renewable Energy, Industrial Sector, Water & Wastewater Treatment, Transportation, and Data Centers.

Competitive Landscape

Major players operating in Vietnam Power SCADA Market include ABB, Siemens, Emerson, Schneider Electric, Rockwell Automation, Honeywell International Inc., Hitachi Energy, Oracle Corporation, Wipro Limited, Infosys Limited, and Cisco Systems Inc. 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 Offering

• Hardware

• Software

• Services

By Architecture

• Traditional SCADA

• Networked SCADA

• Cloud-based SCADA

By End User

• Power Utilities

• Renewable Energy

• Industrial Sector

• Water & Wastewater Treatment

• Transportation

• Data Centers

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Vietnam Power SCADA Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Growing Demand for Reliable Power Supply
         2. Government Initiatives & Smart Grid Development
         3. Rising Integration of Renewable Energy
      2. Restraints
         1. High Initial Investment Costs
         2. Cybersecurity Concerns
      3. Opportunities
         1. Advancements in IoT & AI-based SCADA
         2. Foreign Investments in Vietnam’s Power Sector
      4. Challenges
         1. Integration Complexity with legacy Systems
         2. Skilled Workforce Shortage
   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 Power SCADA Market: Marketing Strategies
5. Vietnam Power SCADA Market: Pricing Analysis
6. Vietnam Power SCADA Market Overview
   1. Market Size & Forecast, 2019–2031
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Offering
         1. Hardware
         2. Software
         3. Services
      2. By Architecture
         1. Traditional SCADA
         2. Networked SCADA
         3. Cloud-based SCADA
      3. By End User
         1. Power utilities
         2. Renewable Energy
         3. Industrial Sector
         4. Water & Wastewater Treatment
         5. Transportation
         6. Data Centers
7. Competitive Landscape
   1. List of Key Players and Their End Users
   2. Vietnam Power SCADA Company Market Share Analysis, 2024
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
8. Impact of Escalating Geopolitical Tensions on Vietnam Power SCADA Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
   1. ABB
   2. Siemens
   3. Emerson
   4. Schneider Electric
   5. Rockwell Automation
   6. Honeywell International Inc.
   7. Hitachi Energy
   8. Oracle Corporation
   9. Wipro Limited
   10. Infosys Limited
   11. Cisco Systems Inc.
   12. 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. Assumption & Limitation

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

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

List of Figures

Figure 1   Vietnam Power SCADA Market Segmentation

Figure 2   Vietnam Power SCADA Market Value Chain Analysis

Figure 3   Company Market Share Analysis, 2024

Figure 4   Vietnam Power SCADA Market Size, By Value (USD Billion), 2019-h2031

Figure 5   Vietnam Power SCADA Market Share, By Offering, By Value (USD Billion) 2019–2031

Figure 6   Vietnam Power SCADA Market Share, By Architecture, By Value (USD Billion) 2019–2031

Figure 7   Vietnam Power SCADA Market Share, By End User, By Value (USD Billion) 2019–2031

List of Tables

Table 1      Vietnam Power SCADA Market Share, By Offering, By Value (USD Billion) 2019–2031

Table 2      Vietnam Power SCADA Market Share, By Architecture, By Value (USD Billion) 2019–2031

Table 3      Vietnam Power SCADA Market Share, By End User, By Value (USD Billion) 2019–2031

Table 4      ABB Company Overview

Table 5      ABB Financial Overview

Table 6      Siemens Company Overview

Table 7      Siemens Financial Overview

Table 8      Emerson Company Overview

Table 9      Emerson Financial Overview

Table 10    Schneider Electric Company Overview

Table 11    Schneider Electric Financial Overview

Table 12    Rockwell Automation Company Overview

Table 13    Rockwell Automation Financial Overview

Table 14    Honeywell International Inc. Company Overview

Table 15    Honeywell International Inc. Financial Overview

Table 16    Hitachi Energy Company Overview

Table 17    Hitachi Energy Financial Overview

Table 18    Oracle Corporation Company Overview

Table 19    Oracle Corporation Financial Overview

Table 20    Wipro Limited Company Overview

Table 21    Wipro Limited Financial Overview

Table 22    Infosys Limited Company Overview

Table 23    Infosys Limited Financial Overview

Table 24    Cisco Systems Inc. Company Overview

Table 25    Cisco Systems Inc. Financial Overview