[July 30, 2015] |
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Research and Markets: Smart Grid Equipment Market in South Korea 2015-2019 with ABB, GE Energy, IBM, POSCO ICT & Siemens Energy
Research and Markets (http://www.researchandmarkets.com/research/3xpgmg/smart_grid)
has announced the addition of the "Smart
Grid Equipment Market in South Korea 2015-2019" report to their
offering.
The smart grid equipment market in South Korea to grow at a CAGR of
20.56% over the period 2014-2019.
The report, 'Smart Grid Equipment Market in South Korea 2015-2019', has
been prepared based on an in-depth market analysis with inputs from
industry experts. The report covers the market landscape and its growth
prospects in the coming years. The report also includes a discussion of
the key vendors operating in this market.
An increasing population, coupled with high living standards and rapid
industrialization, has had a negative impact on the natural environment
of South Korea. Consequently, the government has sharpened its focus on
evironmental concerns such as GHG emissions and global warming.
Fossil-fuel-based power generation has been identified as one of the key
sources of GHG. The power plants have been instructed to reduce these
emissions. South Korea is also investing in clean and renewable power
generation.
According to the report, environmental concerns have grown over the
years in South Korea. As smart grids have the ability to integrate the
power generated from renewable and non-renewable resources, increased
investment in the renewable energy sector is expected to propel the
growth of the market.
Further, the report states that the software used in smart grids is
susceptible to cyber-attacks and mishandling by engineers or operators.
The smart grid equipment market in South Korea can be segmented
on the basis of equipment type:
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Smart meters
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Software and hardware
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Smart T&D equipment
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Communication and wireless network infrastructure
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Sensors
Key vendors
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ABB
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GE Energy
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IBM (News - Alert)
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POSCO ICT
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Siemens Energy
Other prominent vendors
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GS Caltex
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Hyosung
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Hyundai Heavy Industries
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KT
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LG Electronics Alstom
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Nuri Telecom
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SK Energy
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SK Telecom (News - Alert)
For more information visit http://www.researchandmarkets.com/research/3xpgmg/smart_grid
View source version on businesswire.com: http://www.businesswire.com/news/home/20150730005823/en/
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