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Renewable Energy in South Korea

Publisher MarketLine
Published May 22, 2025
Length 42 Pages
SKU # MTLN20303927

Description

Renewable Energy in South Korea

Summary

Renewable 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?

Table of Contents

42 Pages
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 are the strengths of the leading players?
7.4. What are the most recent developments in the market?
8 Company Profiles
8.1. Korea Electric Power Corp
8.2. POSCO Energy Co Ltd
8.3. S-Energy Co Ltd
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 renewable energy market value: $ million, 2019-24
Table 2: South Korea renewable energy market volume: GWh, 2019-24
Table 3: South Korea renewable energy market category segmentation: % share, by value, 2019-24
Table 4: South Korea renewable energy market category segmentation: $ million, 2019-24
Table 5: South Korea renewable energy market geography segmentation: $ million, 2024
Table 6: South Korea renewable energy market value forecast: $ million, 2024-29
Table 7: South Korea renewable energy market volume forecast: GWh, 2024-29
Table 8: Korea Electric Power Corp: Key Facts
Table 9: Korea Electric Power Corp: Annual Financial Ratios
Table 10: Korea Electric Power Corp: Key Employees
Table 11: POSCO Energy Co Ltd: Key Facts
Table 12: POSCO Energy Co Ltd: Key Employees
Table 13: S-Energy Co Ltd: Key Facts
Table 14: S-Energy Co Ltd: Annual Financial Ratios
Table 15: S-Energy Co Ltd: Key Employees
Table 16: South Korea Exchange Rate, 2019-24
List of Figures
Figure 1: South Korea renewable energy market value: $ million, 2019-24
Figure 2: South Korea renewable energy market volume: GWh, 2019-24
Figure 3: South Korea renewable energy market category segmentation: $ million, 2019-24
Figure 4: South Korea renewable energy market geography segmentation: % share, by value, 2024
Figure 5: South Korea renewable energy market value forecast: $ million, 2024-29
Figure 6: South Korea renewable energy market volume forecast: GWh, 2024-29
Figure 7: Forces driving competition in the renewable energy market in South Korea, 2024
Figure 8: Drivers of buyer power in the renewable energy market in South Korea, 2024
Figure 9: Drivers of supplier power in the renewable energy market in South Korea, 2024
Figure 10: Factors influencing the likelihood of new entrants in the renewable energy market in South Korea, 2024
Figure 11: Factors influencing the threat of substitutes in the renewable energy market in South Korea, 2024
Figure 12: Drivers of degree of rivalry in the renewable energy market in South Korea, 2024

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