South Korea Electricity Retailing Market Summary, Competitive Analysis and Forecast to 2028
Summary
Electricity Retailing in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). 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. By end-use, the market is segmented into industrial, transportation, commercial & public services, residential, and others. The scope of others includes agriculture, forestry, and the fishing industry's net electricity consumption.
- The South Korean electricity retailing market recorded revenues of $51.7 billion in 2023, representing a negative compound annual growth rate (CAGR) of 1.3% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 1.4% between 2018 and 2023, to reach a total of 580.6 TWh in 2023.
- The large manufacturing sector supports electricity consumption in the industrial segment. Also, the expanding industrial sector is driving electricity consumption in the segment. According to the Ministry of Economy and Finance (MOEF), in November 2023, industrial production in South Korea grew by 5.3% annually.
- 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
- What was the size of the South Korea electricity retailing market by value in 2023?
- What will be the size of the South Korea electricity retailing market in 2028?
- 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?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What deals and investments have leading players made in recent years?
- 8 Company Profiles
- 8.1. Korea Electric Power Corporation
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: South Korea electricity retailing market value: $ billion, 2018-23
- Table 2: South Korea electricity retailing market volume: TWh, 2018-23
- Table 3: South Korea electricity retailing market category segmentation: % share, by volume, 2018-2023
- Table 4: South Korea electricity retailing market category segmentation: TWh, 2018-2023
- Table 5: South Korea electricity retailing market geography segmentation: $ billion, 2023
- Table 6: South Korea electricity retailing market value forecast: $ billion, 2023-28
- Table 7: South Korea electricity retailing market volume forecast: TWh, 2023-28
- Table 8: Korea Electric Power Corporation: key facts
- Table 9: Korea Electric Power Corporation: Annual Financial Ratios
- Table 10: Korea Electric Power Corporation: Key Employees
- Table 11: Korea Electric Power Corporation: Key Employees Continued
- Table 12: South Korea size of population (million), 2019-23
- Table 13: South Korea gdp (constant 2005 prices, $ billion), 2019-23
- Table 14: South Korea gdp (current prices, $ billion), 2019-23
- Table 15: South Korea inflation, 2019-23
- Table 16: South Korea consumer price index (absolute), 2019-23
- Table 17: South Korea exchange rate, 2019-23
- List of Figures
- Figure 1: South Korea electricity retailing market value: $ billion, 2018-23
- Figure 2: South Korea electricity retailing market volume: TWh, 2018-23
- Figure 3: South Korea electricity retailing market category segmentation: TWh, 2018-2023
- Figure 4: South Korea electricity retailing market geography segmentation: % share, by value, 2023
- Figure 5: South Korea electricity retailing market value forecast: $ billion, 2023-28
- Figure 6: South Korea electricity retailing market volume forecast: TWh, 2023-28
- Figure 7: Forces driving competition in the electricity retailing market in South Korea, 2023
- Figure 8: Drivers of buyer power in the electricity retailing market in South Korea, 2023
- Figure 9: Drivers of supplier power in the electricity retailing market in South Korea, 2023
- Figure 10: Factors influencing the likelihood of new entrants in the electricity retailing market in South Korea, 2023
- Figure 11: Factors influencing the threat of substitutes in the electricity retailing market in South Korea, 2023
- Figure 12: Drivers of degree of rivalry in the electricity retailing market in South Korea, 2023
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook