Renewable Energy in South Korea
SummaryRenewable Energy in South Korea industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Renewable energy market includes net generation of electricity through renewable sources. Market is segmented into hydroelectricity, wind, solar PV, biopower, and geothermal. Market volume represents the net volume of electricity produced through renewable means. Market value is calculated by multiplying the amount of electricity produced by the wholesale price.
- The South Korean renewable energy market recorded revenues of $8,159.4 million in 2024, representing a compound annual growth rate (CAGR) of 6.1% between 2019 and 2024.
- Market production volume increased with a CAGR of 4.1% between 2019 and 2024, reaching a total of 57,897.8 GWh in 2024.
- In 2024, the South Korean renewable energy production recorded an annual growth of 11.4% due to the substantial increase in installed renewable energy capacity. According to the US EIA, in 2024, the South Korean renewable electricity installed capacity reached 33.2 million kilowatts (kW), up 10.2% annually.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the renewable energy market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the renewable energy market in South Korea
- Leading company profiles reveal details of key renewable energy market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea renewable energy market with five year forecasts by both value and volume
Reasons To Buy
- What was the size of the South Korea renewable energy market by value in 2024?
- What will be the size of the South Korea renewable energy market in 2029?
- What factors are affecting the strength of competition in the South Korea renewable energy market?
- How has the market performed over the last five years?
- Who are the top competitors in South Korea's renewable energy market?
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