Renewable Energy in South Korea industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
What was the size of the South Korea renewable energy market by value in 2015?
What will be the size of the South Korea renewable energy market in 2020?
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?
Essential resource for top-line data and analysis covering the South Korea renewable energy market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
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Leading company profiles reveal details of key renewable energy market players’ global operations and financial performance
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The renewable energy market consists of the net generation of electricity through renewable sources. It is divided into five segments, these being hydroelectricity; wind energy; solar, tide and wave energy; electricity generated through biomass and waste; and geothermal energy. The volume of the market is calculated as the net volume of electricity produced through renewable means in terawatt hours (TWh), and the market value has been calculated according to an average of annual domestic and industrial retail prices per kWH, inclusive of applicable taxes. Any currency conversions used in the creation of this report have been calculated using constant 2015 annual average exchange rates. Please note that 1 terawatt hour is identical to 1,000 gigawatt hours (GWh). The South Korean renewable energy market had total revenues of $804m in 2015, representing a compound annual growth rate (CAGR) of 11.4% between 2011 and 2015. Market production volume increased with a CAGR of 7.7% between 2011 and 2015, to reach a total of 10.1 TWh in 2015. In 2016, the South Korean government made a pledge to invest KRW42 trillion (USD36.6bn) into renewable energies by 2020. This will go into renewable energy infrastructure, innovation, and capacity expansions.