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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
[July 30, 2015]

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:

  • Smart meters
  • Software and hardware
  • Smart T&D equipment
  • Communication and wireless network infrastructure
  • Sensors

Key vendors

  • ABB
  • GE Energy
  • IBM (News - Alert)
  • POSCO ICT
  • Siemens Energy

Other prominent vendors

  • GS Caltex
  • Hyosung
  • Hyundai Heavy Industries
  • KT
  • LG Electronics Alstom
  • Nuri Telecom
  • SK Energy
  • SK Telecom (News - Alert)

For more information visit http://www.researchandmarkets.com/research/3xpgmg/smart_grid


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