Market Share of Vietnam Data Center Power Industry
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.
Vietnam Data Center Power Market Leaders
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ABB Ltd.
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Cummins Inc.
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Eaton Corporation.
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Legrand Group
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Vertiv Group Corp.
*Disclaimer: Major Players sorted in no particular order
