South Korea Electric Power Transmission And Distribution Equipment Market Size & Outlook
South Korea electric power transmission and distribution equipment market, 2018-2030 (US$B)
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South Korea electric power transmission and distribution equipment market highlights
- The South Korea electric power transmission and distribution equipment market generated a revenue of USD 6.0 billion in 2022 and is expected to reach USD 9.1 billion by 2030.
- The South Korea market is expected to grow at a CAGR of 5.4% from 2023 to 2030.
- In terms of segment, cables & lines was the largest revenue generating product in 2022.
- Insulators & Fittings is the most lucrative product segment registering the fastest growth during the forecast period.
Electric power transmission and distribution equipment market data book summary
| Market revenue in 2022 | USD 6.0 billion |
| Market revenue in 2030 | USD 9.1 billion |
| Growth rate | 5.4% (CAGR from 2022 to 2030) |
| Largest segment | Cables & lines |
| Fastest growing segment | Insulators & Fittings |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Transformer, Switchgear, Insulators & Fittings, Cables & Lines |
| Key market players worldwide | ABB Ltd, Siemens AG, Schneider Electric SE, Eaton Corp PLC, GE Renewable Energy |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.9% of the global electric power transmission and distribution equipment market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China electric power transmission and distribution equipment market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 30.1 billion by 2030.
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Electric Power Transmission And Distribution Equipment Market Scope
Electric Power Transmission And Distribution Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea electric power transmission and distribution equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electric power transmission and distribution equipment market will help companies and investors design strategic landscapes.
Cables & lines was the largest segment with a revenue share of 26.67% in 2022. Horizon Databook has segmented the South Korea electric power transmission and distribution equipment market based on transformer, switchgear, insulators & fittings, cables & lines covering the revenue growth of each sub-segment from 2018 to 2030.
- South Korea Electric Power Transmission And Distribution Equipment Product Outlook (Revenue, USD Billion, 2018-2030)
- Transformer
- Power Transformer
- Distribution Transformer
- Switchgear
- Circuit Breaker
- Fuse
- Distribution Control Panel
- Others
- Insulators & Fittings
- Cables & Lines
- Others
- Transformer
- South Korea Electric Power Transmission And Distribution Equipment Sales Channel Outlook (Revenue, USD Billion, 2018-2030)
- Indirect Channel
- Commercial Distribution
- Catalog Distribution
- Retail Box Stores
- Ecommerce
- Direct Channel
- Indirect Channel
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Target buyers of South Korea electric power transmission and distribution equipment market databook
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Our clientele includes a mix of electric power transmission and distribution equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea electric power transmission and distribution equipment market , including forecasts for subscribers. This country databook contains high-level insights into South Korea electric power transmission and distribution equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea electric power transmission and distribution equipment market size, by product, 2018-2030 (US$B)
South Korea Electric Power Transmission And Distribution Equipment Market Outlook Share, 2022 & 2030 (US$B)
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