The Vietnam Data Center Power Market size is estimated at USD 397.10 million in 2024, and is expected to reach USD 556.30 million by 2029, growing at a CAGR of 6.84% during the forecast period (2024-2029).
The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers in the country.
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.
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