South Korea Smart Grid Networking Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers South Korea Smart Grid Networking Market Companies and it is segmented by Technology Application Area (Transmission, Demand Response, Advanced Metering Infrastructure (AMI), and Other Technology Application Areas).

South Korea Smart Grid Networking Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

South Korea Smart Grid Networking Market Size

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South Korea Smart Grid Network - Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 4.00 %

Major Players

South Korea Smart Grid Network Market Major Players

*Disclaimer: Major Players sorted in no particular order

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South Korea Smart Grid Networking Market Analysis

The South Korea Smart Grid Network Market is expected to register a CAGR of greater than 4% during the forecast period.

  • Advanced Metering Infrastructure (AMI) segment is expected to drive the smart grid network market significantly, providing monitoring of bi-directional flow of electricity, owing to increasing grid development.
  • South Korea, with its different policies, is aiming to cover 100% market by distributing smart meters. Visions like this are expected to create excellent opportunities for market players in the forecast period.
  • Increasing renewable energy capacity and government policies and programs are likely to drive the South Korea Smart Grid Network Market during the forecast period.

South Korea Smart Grid Networking Industry Overview

The South Korea smart grid network is partially consolidated. Some of the major companies include General Electric Company, Hitachi Energy Ltd, Eaton Corporation, Siemens AG, and Korea Electric Power Corporation.

South Korea Smart Grid Networking Market Leaders

  1. Korea Electric Power Corporation

  2. General Electric Company

  3. Siemens AG

  4. Eaton Corporation

  5. Hitachi Energy Ltd

  6. *Disclaimer: Major Players sorted in no particular order
Market Concentration- South Korea Smart Grid Network Market.png
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South Korea Smart Grid Networking Market News

  • In January 2020, Silex Insight, a provider for flexible security IP cores, and Argo, an embedded system designer and developer, announced their collaboration for delivering a solution for security-conscious smart meters designers by incorporating security IP from Silex Insight into the ASIC chip from Argo.

South Korea Smart Grid Networking Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD million, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis

5. MARKET SEGMENTATION-BY TECHNOLOGY APPLICATION AREA

  • 5.1 Transmission
  • 5.2 Demand Response
  • 5.3 Advanced Metering Infrastructure (AMI)
  • 5.4 Other Technology Application Areas

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Korea Electric Power Corporation
    • 6.3.2 General Electric Company
    • 6.3.3 Arm Limited
    • 6.3.4 Honeywell International Inc
    • 6.3.5 Eaton Corporation
    • 6.3.6 Hitachi Energy Ltd
    • 6.3.7 Siemens AG
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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South Korea Smart Grid Networking Industry Segmentation

The South Korea smart grid network market report includes:

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South Korea Smart Grid Networking Market Research FAQs

What is the current South Korea Smart Grid Network Market size?

The South Korea Smart Grid Network Market is projected to register a CAGR of greater than 4% during the forecast period (2025-2030)

Who are the key players in South Korea Smart Grid Network Market?

Korea Electric Power Corporation, General Electric Company, Siemens AG, Eaton Corporation and Hitachi Energy Ltd are the major companies operating in the South Korea Smart Grid Network Market.

What years does this South Korea Smart Grid Network Market cover?

The report covers the South Korea Smart Grid Network Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South Korea Smart Grid Network Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

South Korea Smart Grid Networking Industry Report

Statistics for the 2025 South Korea Smart Grid Network market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South Korea Smart Grid Network analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.