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The future of the switchgear market in South Korea looks attractive with opportunities in the utilities, industrial, residential, and commercial sectors. The major growth drivers for this market are increasing demand for electricity, growing implementation of smart grid technology, and continuing investment in upgrading transmission and distribution systems.
Emerging trends, which have a direct impact on the dynamics of the switchgear industry, include the development of digital switchgear and growing focus on eco-efficient switchgear.
A total of 25 figures / charts and 12 tables are provided in this 60-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this switchgear market in South Korea report, download the report brochure.
Switchgear Market in South Korea by Segment:
2014-2025 (US $M) (Randomized Data)
Trends and Forecasts for Switchgear Market in South Korea:
2014-2025 (US $M) (Randomized Data)
The study includes the market size and forecast for the switchgear market in South Korea by voltage, product, and end use as follows:
Switchgear Market by Voltage Type [$B shipment analysis from 2014 to 2025]:
Switchgear Market by Product Type [$B shipment analysis from 2014 to 2025]:
Other Low Voltage Switchgear
Metal Enclosed & Metal Clad
Power Circuit Breaker
Other Medium & High Voltage Switchgear
Switchgear Market by End Use Industry [$B shipment analysis from 2014 to 2025]:
Lucintel forecasts that the low voltage switchgear is expected to remain the largest segment and is expected to experience the highest growth during the forecast period due to increasing construction activities and renewable energy installations.
Within the switchgear market, utilities will remain the largest end use market due to the continuous expansion in electrical infrastructure to fulfill growing electricity demand. Switchgear for the residential end use is expected to witness the highest growth in the forecast period supported by growing urbanization and rapid electrification.
Some of the features of “Opportunities for the Switchgear Market in South Korea 2014-2025: Trends, Forecast and Competitive Analysis” include:
Market size estimates: Switchgear market size estimation in terms of value ($B) shipment.
Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by voltage, product, and end use.
Segmentation analysis: Switchgear market size by voltage (high voltage, medium voltage, and low voltage), product (other low voltage switchgear, metal enclosed & metal clad, MCCB, fuse, power circuit breaker, and other medium & high voltage switchgear), and end use (utilities, industrial, commercial and residential) in terms of value.
Growth opportunities: Analysis on growth opportunities in different voltage, product, and end use of switchgear in the switchgear market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 7 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the switchgear market in South Korea by voltage (high voltage, medium voltage, and low voltage), product (other low voltage switchgear, metal enclosed & metal clad, MCCB, fuse, power circuit breaker, and other medium & high voltage switchgear), and end use (utilities, industrial, commercial and residential)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. What are the key factors affecting market dynamics? What are the key challenges and business risks in this switchgear market?
Q.4. What are the business risks and competitive threats in this switchgear market?
Q.5. What are the emerging trends in this switchgear market and the reasons behind them?
Q.6. What are some of the changing demands of customers in the switchgear market?
Q.7. What are the new developments in the switchgear market? Which companies are leading these developments?