Press release
South Korea Smart Grid Network Market Analysis by Recent Developments and Trends 2023 to 2029
The Global South Korea Smart Grid Network Market is an extensive report which offers industry analysis with a historical & futuristic outlook for the consequent parameters; market size, revenue, demand, and supply data. The report includes comprehensive information on the market drivers, key trends and challenges, a deep examination of technology trends, opportunities, value chains, future roadmaps, and strategies. The analytical studies are directed ensuring client needs with a thorough understanding of market capacities in the current scenario. The report covers of SWOT, PESTEL, and Porter's 5-forces analysis frameworks. This organization ensures qualified and verifiable aspects of market data operating in the real- time scenario.
Top Prime companies: Korea Electric Power Corporation, General Electric Company, ABB Ltd, Arm Limited, Honeywell International Inc, Eaton Corporation, Siemens AG
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Advanced Metering Infrastructure to Witness a Significant Growth
- Advanced metering infrastructure (AMI) or smart metering is an integrated system of smart meters, communications networks, and data management systems that enables two-way communication between utilities and customers.
- By 2018, 6.8 million households in South Korea have been equipped with smart meters. The country is aiming to reach 22.5 million homes by 2022, with a 65% penetration of the market.
- KEPCO is planning to distribute 100% AMIs in private new buildings and more than 50% in existing buildings by 2022, and achieve a 100% AMI coverage in all sectors by 2027. With this, massive market growth is expected in the forecast period.
- Electricity generation in South Korea has been showing a continuous growth with 540 TWh in 2014 and 594 TWh in 2018. With this requirement of the smart meter is increasing and is expected to grow further.
- With the increasing efforts to modernize the electricity grid and develop smart cities, the Government of South Korea is investing in advanced metering infrastructure. This, in turn, is expected to drive the AMI market during the forecast period.
Regional Coverage:
The report's primary insights into various regions and the major companies involved in each one are provided in this section. When evaluating a region's or country's growth, economic, social, environmental, technological, and political issues have all been taken into account. Additionally, each country's and region's revenue and sales information for the years 2018 through 2029 will be made available to readers.
The market has been divided into four key regions: North America, Europe, Asia-Pacific, and South America. The regional part will include a thorough analysis of important nations like the United States, Germany, the United Kingdom, Italy, France, China, Japan, South Korea, Southeast Asia, and India. Data will be provided for the market estimations using 2022 as the base year, followed by estimates for 2023 and a forecast value for 2029.
Key highlights of the report:
South Korea Smart Grid Network Market share appraisals for the country and regional level segments
Combative landscape planning the significant customary trends
South Korea Smart Grid Network Market tendencies that involve product and technological analysis, drivers and constraints, PORTER's five forces analysis
Premeditated advice in essential business segments based on the market estimations
Intentional guidance for new entrants
South Korea Smart Grid Network Market prophesies all hinted segments, sub-segments, and regional market
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Detailed TOC of Global South Korea Smart Grid Network Market 2023 by, Regions, Company, Type, Application and, Forecast to 2029
Chapter 1 South Korea Smart Grid Network Market Overview
Chapter 2 South Korea Smart Grid Network Market competition, Overview/Analysis, Strategies
Chapter 3 Market capacity, Production, Revenue (Value) by Regions (2023-2029)
Chapter 4 South Korea Smart Grid Network Market Supply (Production), Consumption, Export, Import (2023-2029)
Chapter 5 Global South Korea Smart Grid Network Market Regional Highlights
Chapter 6 Industry Chain, Sourcing Strategies and Downstream Buyers
Chapter 7 Marketing Strategy Analysis, Distributors/Traders
Chapter 8 Analysis of Market Influence Factors
Chapter 9 Market Decisions in Current Scenarios
Chapter 10 Global South Korea Smart Grid Network Market Forecast (2023-2029)
Chapter 11 Case Studies
Chapter 12 Research Findings and Conclusions
Key questions answered by this report
─What is the growth potential of the South Korea Smart Grid Network Market?
─Which product segment will take the lion's share?
─Which regional market will develop as a pioneer in the coming years?
─Which application segment will experience strong growth?
─What growth opportunities might arise in the industry in the years to come?
─What are the most significant challenges that the South Korea Smart Grid Network Market could face in the future?
─Who are the leading companies in the South Korea Smart Grid Network Market?
─What are the leading trends that are completely impacting the growth of the market?
─What growth strategies are the players considering to stay in the South Korea Smart Grid Network Market?
(*If you have any special requirements, please let us know and we will offer you the report as you want)
Conclusion: At the end of the South Korea Smart Grid Network Market report, all findings and estimates are presented. It also includes key drivers and opportunities and regional analysis. The Segmental analysis is also provided in terms of type and application.
"Russia-Ukraine War Impact 2022: Economic Sanctions Imposed by the United States & its Allies on the Russian Federation Negatively Affected the market
The economic sanctions imposed by the U.S. and its allies on the Russian Federation are expected to affect this industry's growth. Furthermore, the war negatively affected the global industries leading to import and export flow disruptions. The dominance of Russia and roscosmos, a quasi-civilian space agency in the commercial space, affected alternative launch service providers in India, Japan, Europe, and the U.S. These factors negatively affected the market during the war."
Customization of the report: The report can be customized according to the client's requirements. Get in touch with our sales experts and we'll make sure you get a report that fits your needs.
OUR REPORT OFFERS:
Customs Data - Detailed Data covers 100% complete customs-based data with Importer and Exporter Details along with other shipment information.
Statistical Data - Statistical Data does not contain Companies' Names but it has other useful information such as Quantity, Country, Price, etc.
Transit Data - Transit Data covers information of import-export shipments of the land locked countries, which pass through different customs territories.
Mirror Data - Mirror Data contains information, which is reported by partner countries of countries that do not report their trade data.
Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
Thanks for reading this article!! You can also customize this report to get selected chapters or regional coverage for regions like Asia, North America, and Europe.
Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234
Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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