South Korea Low Voltage Protection and Control Market Overview, 2030

The Low Voltage Protection and Control (LVPC) market in South Korea has developed alongside the rapid industrial expansion of the nation, significant infrastructure improvements, and a growing focus on smart and resilient power systems. In its initial phases, the industry encountered ongoing problems like voltage swings, unreliable power quality, and damage to equipment concerns that were especially serious in areas with old distribution systems or variable load demands. These weaknesses expedited the implementation of low voltage safety systems such as circuit breakers, residual current devices (RCDs), surge protective devices (SPDs), and advanced relays to protect assets, reduce downtime, and adhere to Korean Industrial Standards (KS) and IEC-compliant criteria. Currently, the market is being transformed by technological advancements that emphasize boosting system resilience and incorporating LVPC solutions into digital frameworks. Devices that leverage the Internet of Things (IoT), combined with predictive analytics and cloud-based supervisory control and data acquisition (SCADA) systems, are increasingly being utilized for real-time diagnostics, fault detection, and maintenance based on condition. These features are essential for South Korea’s highly automated manufacturing industries such as those producing semiconductors, automobiles, and ships where uninterrupted operations and accuracy are critical. The incorporation of renewable energy sources, especially offshore wind and solar photovoltaic (PV), into the national energy grid is also increasing the need for LVPC systems that can handle bidirectional power flows, harmonics, and variability. Initiatives for infrastructure upgrades, including smart grid initiatives led by Korea Electric Power Corporation (KEPCO), are further widening avenues for sophisticated protection, switching, and monitoring tools. Investments from both public and private sectors, bolstered by governmental efforts for energy efficiency, reduction of carbon emissions, and digitization of industries, are anticipated to maintain the market’s dynamic growth.

According to the research report, ""South Korea Low Voltage Protection and Control Market Overview, 2030,"" published by Bonafide Research, the South Korea Low Voltage Protection and Control market is expected to reach a market size of more than USD 880 Million by 2030. The market for Low Voltage Protection and Control (LVPC) in South Korea is witnessing consistent and ongoing growth, fueled by the nation's dedication to updating its electrical framework and increasing the use of renewable energy. Notable companies like LS Electric and Schneider Electric Korea lead the way, providing sophisticated protection, switching, and monitoring solutions that cater to the changing needs of the country's grid and industry. The modernization of infrastructure which includes improvements to transmission and distribution systems, the introduction of smart substations, and the upgrading of old switchgear is a significant factor propelling growth, bolstered by government actions and smart grid initiatives from Korea Electric Power Corporation (KEPCO). The push for renewable energy sources, particularly offshore wind, solar photovoltaics, and developing hydrogen initiatives, is driving high demand for LVPC systems that can handle two-way power flows, harmonics, and varying generation profiles while ensuring grid stability. In sectors like semiconductors, shipbuilding, and automotive production, LVPC solutions are increasingly integrated into automated assembly lines, allowing for predictive maintenance, real-time oversight, and improved load management. Meeting the Korea Certification (KC) mark required for electrical items sold in the country guarantees compliance with local safety, performance, and electromagnetic compatibility standards, while alignment with IEC guidelines promotes interoperability and boosts export opportunities. These regulatory measures enhance confidence among consumers and operators, lower operational risks, and confirm that products satisfy both local and international standards. Technological advancements, especially in IoT-enabled monitoring tools, arc-fault detection technology, and compact, high-efficiency switchgear, are transforming the market, allowing utilities and businesses to improve resilience, efficiency, and safety.

In the Low Voltage Protection and Control (LVPC) sector of South Korea by type is divided into Protection equipment, Switching Equipment and Monitoring devices. Switching Equipment consists of low‑, medium‑, and high‑voltage (LV/MV/HV) control devices that are certified by the Korea Electrical Safety Corporation (KESCO). This certification guarantees adherence to national standards for safety, performance, and installation. This group of equipment includes switchboards, load break switches, reclosers, isolators, and gas‑insulated switchgear, all aimed at secure circuit management, isolation, and reconfiguration for a range of uses like urban substations and large industrial plants. The equipment is designed to endure the various weather conditions found in Korea, from humid coastal areas to chilly northern climates, while also satisfying requirements for compactness, arc‑flash risk reduction, and dependability. Monitoring Devices consist of sophisticated analytical platforms, sensors, and power quality meters that are part of Korea Electric Power Corporation’s (KEPCO) smart grid projects. These devices connect with supervisory control and data acquisition (SCADA) systems and distribution automation platforms to deliver immediate insights into voltage, current, harmonics, and asset status. By utilizing IoT connectivity and extensive data analysis, they facilitate predictive maintenance, quick fault detection, renewable energy integration, and demand-side management. This supports KEPCO’s objectives of minimizing peak loads, reducing losses, and enhancing grid resilience. Protection Equipment includes circuit breakers, fuses, residual current devices (RCDs), and surge protective devices (SPDs) that comply with Korean Industrial Standards (KS), monitored by the Korean Agency for Technology and Standards (KATS). Adhering to KS standards confirms that these devices fulfill strict national and IEC-aligned criteria for interrupting fault currents, ensuring insulation coordination, and guaranteeing operational safety. Breakers and fuses act as the primary safeguard against overloads, short circuits, and temporary voltage spikes, protecting individuals, equipment, and infrastructure within residential, commercial, and industrial settings.

In the Low Voltage Protection and Control (LVPC) sector of South Korea by end-use is divided into Residential, Commercial and Industrial. Industrial uses involve electrical systems linked to areas like electronics production, ship construction, and other heavy industries that fall under the Occupational Safety and Health Act (OSHA), which is enforced by the Ministry of Employment and Labor. These regulations require strict safety protocols for machinery, control systems, and distribution networks, focusing on preventing hazards, including protective interlocks and adherence to Korean Industrial Standards (KS) to ensure the safety of workers in high-risk settings. LVPC devices in this area such as large switchgear, motor control centers, and safety relays are designed for nonstop operation, precise fault isolation, and compatibility with automated systems used in intricate manufacturing processes. Residential uses target tall housing projects, where electrical equipment must meet the guidelines of the Building Act and related safety requirements for high-rise buildings, which encompass fire-resistant wiring, backup power systems, and electrical setups that aid in evacuation. In these crowded urban skyscrapers, LVPC products which include compact circuit breakers, residual current devices (RCDs), and smart meters are crafted for efficient space usage, visual harmony, and compliance with safety and energy-efficiency regulations like the Building Design Criteria for Energy Saving (BDCES). Commercial uses span business locations such as offices, shopping centers, and hospitality spaces, adhering to South Korea’s green building certification initiatives, which include the Green Building Certification program and systems like LEED. These certifications assess the environmental efficiency throughout the entire building lifecycle, promoting the use of LVPC systems that enhance energy efficiency, allow for renewable integration, and enable smart load management. Common setups involve automated lighting management, sophisticated monitoring systems, and high-efficiency distribution panels that help achieve higher certification levels while complying with electrical and fire safety standards.

Considered in this report
• Historic Year: 2019
• Base year: 2024
• Estimated year: 2025
• Forecast year: 2030

Aspects covered in this report
• Low Voltage Protection and Control Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• Protection equipment
• Switching Equipment
• Monitoring devices

By End-use
• Residential
• Commercial
• Industrial Show more