A report by Research and Markets predicts that the smart grid sector in South Korea is expected 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.

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.

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 Drivers
– Need for energy efficient solutions and management
– For a full, detailed list, view our report

Market Challenges
– High cost of implementation
– For a full, detailed list, view our report

Market Trends
– Increased environmental concerns
– For a full, detailed list, view our report