About smart grid
Smart grid is the integration and implementation of communication, automation and IT systems with the traditional electrical grid with the ability to monitor and control power flows from points of generation to consumption and manage the load to match generation in real-time or near real-time. Smart grid increases the predictability, visibility and control of generation and demand, bringing flexibility to the whole system. This facilitates the integration of intermittent energy from renewable generation and peak load management, which helps reduce the costs of peak power. The transformation of electrical grids to smarter grids depends on various smart grid equipment.
Technavio's analysts forecast the smart grid equipment market in South Korea to grow at a CAGR of 20.56% over the period 2014-2019.
Covered in this report
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, and sensors.
Technavio's 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.
Key vendors
• ABB
• GE Energy
• IBM
• POSCO ICT
• Siemens Energy
Other prominent vendors
• GS Caltex
• Hyosung
• Hyundai Heavy Industries
• KT
• LG Electronics Alstom
• Nuri Telecom
• SK Energy
• SK Telecom
Market driver
• Need for energy efficient solutions and management
• For a full, detailed list, view our report
Market challenge
• High cost of implementation
• For a full, detailed list, view our report
Market trend
• Increased environmental concerns
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
03.1 Market Overview
03.2 Product Offerings
04. Market Research Methodology
04.1 Market Research Process
04.2 Research Methodology
05. Introduction
06. Market Landscape
06.1 Market Overview
06.2 Technological Overview
06.2.1 Software and Hardware Technologies
06.2.2 Smart Meters
06.2.3 Sensors
06.2.4 Communication and Wireless Network Infrastructure
06.2.5 Smart T&D Equipment
06.3 Market Size and Forecast
06.3.1 Market Size and Forecast
06.4 Five Forces Analysis
07. Market Segmentation by Equipment
07.1 Smart Grid Equipment Market in South Korea 2014
07.2 Smart Grid Equipment Market in South Korea 2019
07.3 Smart Grid Equipment Market in South Korea 2014-2019
07.4 Smart Grid Equipment Market in South Korea by Smart Meters
07.4.1 Market Size and Forecast
07.5 Smart Grid Equipment Market in South Korea by Smart T&D Equipment
07.5.1 Market Size and Forecast
07.6 Smart Grid Equipment Market in South Korea by Communication and Wireless Network Infrastructure
07.6.1 Market Size and Forecast
07.7 Smart Grid Equipment Market in South Korea by Software and Hardware Technologies
07.7.1 Market Size and Forecast
07.8 Smart Grid Equipment Market in South Korea by Sensors
07.8.1 Market Size and Forecast
08. Jeju Smart Grid Test-bed Project
08.1 Key Facts
08.1.1 Drivers for Pilot Project in Jeju Island
09. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
16.1 Competitive Scenario
16.1.1 Key News
16.1.2 Mergers and Acquisitions
16.2 Other Prominent Vendors
17. Key Vendor Analysis
17.1 ABB
17.1.1 Key Facts
17.1.2 Business Overview
17.1.3 Business Segmentation by Revenue 2014
17.1.4 Business Segmentation by Revenue 2013 and 2014
17.1.5 Geographical Segmentation 2014
17.1.6 Business Strategy
17.1.7 Recent Developments
17.1.8 SWOT Analysis
17.2 General Electric Digital Energy
17.2.1 Key Facts
17.2.2 Business Overview
17.2.3 Product Segmentation
17.2.4 Recent Developments
17.2.5 SWOT Analysis
17.3 IBM
17.3.1 Key facts
17.3.2 Business overview
17.3.3 Business segmentation
17.3.4 business segmentation by revenue
17.3.5 Business segmentation by revenue 2013
17.3.6 Business segmentation by revenue 2012 and 2013
17.3.7 Geographical segmentation by revenue
17.3.8 Business strategy
17.3.9 Key developments
17.3.10 SWOT analysis
17.4 POSCO ICT
17.4.1 Key Facts
17.4.2 Business Overview
17.4.3 Product Segmentation
17.4.4 Recent Developments
17.4.5 SWOT Analysis
17.5 Siemens Energy
17.5.1 Key Facts
17.5.2 Business Overview
17.5.3 Business Segmentation
17.5.4 Geographical Segmentation
17.5.5 Business Strategy
17.5.6 Key Information
17.5.7 SWOT Analysis
18. Other Reports in this Series
List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: SCADA Functionalities
Exhibit 3: Advantages of using Smart Meters
Exhibit 4: Advantages of using Smart Sensors
Exhibit 5: Smart Grid Equipment Market in South Korea 2014-2019 ($ million)
Exhibit 6: Vision and Goals of South Korea Smart Grid
Exhibit 7: South Korea Smart Grid Roadmap
Exhibit 8: Smart Grid Equipment Market in South Korea 2014
Exhibit 9: Smart Grid Equipment Market in South Korea 2019
Exhibit 10: Smart Grid Equipment Market in South Korea by Smart Meters 2014-2019 ($ million)
Exhibit 11: Smart Grid Equipment Market in South Korea by Smart T&D Equipment 2014-2019 ($ million)
Exhibit 12: Smart Grid Equipment Market in South Korea by Communication and Wireless Network Infrastructure 2014-2019 ($ million)
Exhibit 13: Smart Grid Equipment Market in South Korea by Software and Hardware Technologies 2014-2019 ($ million)
Exhibit 14: Smart Grid Equipment Market in South Korea by Sensors 2014-2019 ($ million)
Exhibit 15: Coal and natural gas imports in South Korea (2010-2013)
Exhibit 16: ABB: Business Segmentation by Revenue 2014
Exhibit 17: ABB: Business Segmentation by Revenue 2013 and 2014 ($ billion)
Exhibit 18: ABB: Geographical Segmentation 2014
Exhibit 19: General Electric Digital Energy: Product Segmentation 2013
Exhibit 20: IBM: business segmentation
Exhibit 21: IBM: business segmentation by revenue 2013
Exhibit 22: IBM: business segmentation by revenue 2013
Exhibit 23: IBM: business segmentation by revenue 2012 and 2013 ($ million)
Exhibit 24: IBM: geographical segmentation by revenue 2013
Exhibit 25: POSCO ICT: Business Segmentation by Revenue 2014
Exhibit 26: POSCO ICT: Business Segmentation by Revenue 2013 and 2014 ($ billion)
Exhibit 27: POSCO ICT: Geographical Segmentation 2014
Exhibit 28: Business Segmentation of Siemens Energy 2013
Exhibit 29: Business Segmentation of Siemens Energy by Revenue 2012 and 2013 (US$ billion)
Exhibit 30: Geographical Segmentation of Siemens Energy by Revenue 2013
