Vietnam is slowly but surely emerging as a major player in the global wind energy market, with its wind tower export industry witnessing a significant growth in recent years. Wind towers are an essential component of wind turbines, which are used to harness wind energy and convert it into electrical energy, making wind power one of the fastest-growing renewable energy sources around the world, and Vietnam is no exception.
With the increasing demand for renewable energy sources, Vietnam's wind tower export industry has become a focal point of attention for many investors and businesses. In this regard, it becomes essential to analyze the outward wind tower exporter in Vietnam and the Vietnam wind tower export data to get an insight into the current market trends and competition in the industry.
The Vietnam Wind Tower Export Data Analysis provides information on the export value, quantity, and name of wind tower exporters in Vietnam, based on genuine shipment details collected from Vietnam customs. This data can be used to analyze the competition in the industry and formulate strategies for growth and expansion.
Export Value of Vietnam Wind Tower Industry
The Vietnam wind tower export industry saw a significant increase in its total export value in recent years. In 2019, the industry's total export value was US$58.8 million, which increased to US$65.1 million in 2020, indicating a growth rate of 10.7%. The major markets for Vietnam's wind tower exports are the United States, Australia, the United Kingdom, South Korea, and Mexico.
Quantity of Vietnam Wind Tower Exports
The quantity of wind tower exports from Vietnam also showed a steady increase from 2019 to 2020. In 2019, the industry exported 1,117 units of wind towers, which increased to 1,246 units in 2020, indicating a growth rate of 11.6%. The increase in the quantity of wind tower exports indicates a growing demand for renewable energy sources and a rise in the production capabilities of Vietnam's wind tower industry.
Outward Wind Tower Exporter in Vietnam
Vietnam has several well-established players in the wind tower export industry. One of the leading exporters of wind towers in Vietnam is the Vietnam Wind Power Co., Ltd., which exports to countries like the United States, Australia, South Korea, and the United Kingdom. Other significant exporters include PTSC Mechanical and Construction (PTSC M&C), which specializes in manufacturing high-quality wind towers, and Buhler (Vietnam) Metal Co. Ltd, which has a strong foothold in the Southeast Asian market.
Conclusion
In conclusion, the Vietnam wind tower export industry shows a steady growth rate, indicating that the demand for renewable energy sources is on the rise. Analyzing the Vietnam wind tower export data can help businesses formulate effective strategies for growth and expansion. With well-established players like the Vietnam Wind Power Co., PTSC Mechanical and Construction (PTSC M&C), and Buhler (Vietnam) Metal Co. Ltd, the industry has the potential to become a significant player in the global wind energy market.