Electricity Retailing in South Korea
SummaryElectricity Retailing in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The electricity retailing market includes net consumption of electricity by end-users, segmented by industrial, transportation, commercial & public services, and residential consumption. The scope of others includes agriculture, forestry, and the fishing industry's net electricity consumption.
- The South Korean electricity retailing market had total revenues of $52.0 billion in 2022, representing a compound annual growth rate (CAGR) of 3.1% between 2017 and 2022.
- Market consumption volume increased with a CAGR of 2% between 2017 and 2022, to reach a total of 561.8 TWh in 2022.
- The South Korean market witnessed healthy growth of 4.8% in 2022. South Korea is working towards reducing its reliance on nuclear and coal-powered generation and increasing the use of clean and renewable energy sources.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the electricity retailing market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the electricity retailing market in South Korea
- Leading company profiles reveal details of key electricity retailing market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea electricity retailing market with five year forecasts
Reasons To Buy
- What was the size of the South Korea electricity retailing market by value in 2022?
- What will be the size of the South Korea electricity retailing market in 2027?
- What factors are affecting the strength of competition in the South Korea electricity retailing market?
- How has the market performed over the last five years?
- What are the main segments that make up South Korea's electricity retailing market?
Korean Electric Power is an integrated electric utility company which is engaged in the generation, transmission and distribution of electricity and research and development of electric power resources in the Republic of Korea (South Korea). Co.'s subsidiaries and associated companies are engaged in related activities such as the production and distribution of steam heat; manufacturing heavy machinery and equipment including generators; supply of LNG; engineering for utility plants; utility plant maintenance; nuclear fuel; disposal of power-plant ash; uranium mining; and information services.
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