South Korea Power Market Trends and Analysis by Capacity, Generation, Transmission, Distribution, Regulations, Key Players and Forecast to 2035
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South Korea Power Market Report Overview
The cumulative installed capacity in the power market in South Korea was 149.7GW in 2023 and will achieve a CAGR of more than 3% during 2023-2035. The industrial sector had the dominant share in power consumption in 2023 followed by the commercial sector.
South Korea Power Market Outlook, 2023-2035 (GW)
The market research report discusses the South Korean power market structure. It provides historical and forecast numbers for capacity, generation, and consumption up to 2035. The report also analyzes the South Korean power market’s regulatory structure and competitive landscape.
Cumulative Installed Capacity (2023) | 149.7GW |
CAGR (2023-2035) | >3% |
Historical Period | 2015-2022 |
Forecast Period | 2023-2035 |
Key Companies | · Korea Hydro & Nuclear Power Co Ltd
· POSCO Energy Co Ltd · Korea Western Power Co Ltd (KOWEPO) · Korea Southern Power Co Ltd (KOSPO) |
Key Deal Types | · Debt Offerings
· Partnerships · Private Equity · Equity Offerings · Venture Financing |
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South Korea’s Power Market Regulators
- Government investment has helped to successfully create green buildings and infrastructure, making the country an emerging leader in this segment.
- To combat climate change, the government announced a low-carbon, green growth strategy to take precautionary measures in 2009. The National Strategy for Green Growth was launched to provide a road map for this strategy.
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South Korea Power Market – Competitive Landscape
Korean Hydro and Nuclear Power Co Ltd, had the highest share in the South Korean power market in 2023.
Korea Hydro & Nuclear Power Co Ltd (KHNP): Korea Hydro & Nuclear Power Co Ltd (KHNP), a subsidiary of Korea Electric Power Corp, is a nuclear power company. It generates power from nuclear, hydroelectric, and pumped storage power plants. The company supplies power to residential, educational, commercial, industrial, and agricultural sectors. KHNP utilizes new and renewable energy sources such as solar light, fuel cells, wind power, and solar heat to generate electric power. The company offers construction, maintenance, and modernization services to nuclear and hydroelectric power projects in Nepal, Tadjikistan, China, and others. KHNP is headquartered in Gyeongju-si, Gyeongsangbuk-do, South Korea.
South Korea Power Market Analysis by Companies, 2023 (%)
South Korea Power Market Segmentation by Deal Types
Most of the deals in the power market in South Korea were closed via debt offerings in 2023.
South Korea Power Market Analysis by Deal Types, 2023 (%)
Segments Covered in the Report
South Korea Power Market Sectors Outlook
- Commercial
- Industrial
- Transport
- Residential
- Others
South Korea Power Market Deal Types Outlook
- Debt Offerings
- Partnerships
- Private Equity
- Equity Offerings
- Venture Financing
Scope
- Snapshot of the country’s power sector across parameters – macroeconomics, supply security,
- generation infrastructure, transmission infrastructure, electricity import and export scenario, degree
- of competition, regulatory scenario, and future potential of the power sector.
- Statistics for installed capacity, generation, and consumption from 2010 to 2022, and forecast for the next 13 years to 2035
- Capacity, generation, and major power plants by technology
- Data on leading active and upcoming power plants
- Information on transmission and distribution infrastructure, and electricity imports and exports
- Policy and regulatory framework governing the market
- Detailed analysis of top market participants, including market share analysis and SWOT analysis
Reasons to Buy
- Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector
- Identify key factors driving investment opportunities in the country’s power sector
- Facilitate decision-making based on strong historical and forecast data
- Develop strategies based on the latest regulatory events
- Position yourself to gain the maximum advantage of the industry’s growth potential
- Identify key partners and business development avenues
- Identify key strengths and weaknesses of important market participants
- Respond to your competitors’ business structure, strategy, and prospects
POSCO Energy Co Ltd
Korea Western Power Co Ltd (KOWEPO)
Korea Southern Power Co Ltd (KOSPO)
Table of Contents
Table
Figures
Frequently asked questions
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What was the cumulative installed capacity in the power market in South Korea in 2023?
The annual power consumption in the South Korea power market was 149.7GW in 2023.
-
What is the South Korea power market growth rate during 2023-2035?
The South Korea power market will grow at a CAGR of more than 3% during 2023-2035.
-
Who are the leading players in the South Korea power market?
A few of the leading players in the South Korea power market are Korea Hydro & Nuclear Power Co Ltd, POSCO Energy Co Ltd, Korea Western Power Co Ltd (KOWEPO), and Korea Southern Power Co Ltd (KOSPO)
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