South Korea Solar Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers South Korea Solar Energy Market Growth Trends and is Provides an Insight into the Market Size, Growth, Trends, Analysis, Government Policies And Regulations, Competitive Landscape, Market Dynamics, and Opportunities.

South Korea Solar Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

South Korea Solar Energy Market Size

View Global Report
South Korea Solar Energy Market- Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 5.50 %
Market Concentration Medium

Major Players

South Korea Solar Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of South Korea Solar Energy Market with other markets in Energy & Power Industry

Oil and Gas

Power

Battery

Decommissioning

Emerging Energy Technologies

Energy Storage Technology

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

South Korea Solar Energy Market Analysis

The South Korea Solar Energy Market is expected to register a CAGR of greater than 5.5% during the forecast period.

  • The new upcoming solar photovoltaic (PV) projects planned by the private players in the country are expected to drive the market in the future.
  • The country has hinted at phasing out coal-based power generation in the coming years. It plans to eject out 36.4 GW of coal power capacity by 2029, creating a tremendous opportunity for the increased penetration of renewables in the power generation sector.
  • The government policies in favor of emission-free energy sources are expected to propel the market in the future.

South Korea Solar Energy Industry Overview

The South Korean solar energy market is moderately fragmented. Some of the key players include Hansol Technics Co. Ltd, Hyundai Corporation, LS Electric Co. Ltd, Luxco Co. Ltd, and S Energy Co. Ltd.

South Korea Solar Energy Market Leaders

  1. Hyundai Corporation

  2. Luxco Co. Ltd

  3. Hansol Technics Co. Ltd

  4. S Energy Co. Ltd

  5. LS Electric Co. Ltd

  6. *Disclaimer: Major Players sorted in no particular order
market conc..png
Need More Details on Market Players and Competiters?
Download PDF

South Korea Solar Energy Market News

  • In July 2021, the Korea New and Renewable Energy Center (KNERC), the branch of the Korea Energy Agency, announced that it had allocated 2.05 GW of solar capacity in the latest auction. It included 7,663 solar projects with an average tariff of around KRW 136/kWh.
  • The country will have a floating solar power plant soon. Saemangeum Floating Solar Power Project is a 1,200 MW solar PV power project planned in North Jeolla, South Korea. The project is currently in the approval stage and will be developed in multiple phases. The project is likely to enter commercial operation in 2022.

South Korea Solar Energy 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 billion, 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. COMPETITIVE LANDSCAPE

  • 5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 5.2 Strategies Adopted by Leading Players
  • 5.3 Company Profiles
    • 5.3.1 Hansol Technics Co. Ltd
    • 5.3.2 Hyundai Corporation
    • 5.3.3 LS Electric Co. Ltd
    • 5.3.4 Luxco Co. Ltd
    • 5.3.5 S Energy Co. Ltd
    • 5.3.6 SG Networks
    • 5.3.7 Super Solar Energy Co. Ltd
    • 5.3.8 Topsun Co. Ltd
    • 5.3.9 Advanced Energy Industries Inc.
    • 5.3.10 Solarwindow Technologies Inc.
  • *List Not Exhaustive

6. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

South Korea Solar Energy Industry Segmentation

The scope of the South Korean renewable energy market report includes:

Need A Different Region or Segment?
Customize Now

South Korea Solar Energy Market Research FAQs

What is the current South Korea Solar Energy Market size?

The South Korea Solar Energy Market is projected to register a CAGR of greater than 5.5% during the forecast period (2025-2030)

Who are the key players in South Korea Solar Energy Market?

Hyundai Corporation, Luxco Co. Ltd, Hansol Technics Co. Ltd, S Energy Co. Ltd and LS Electric Co. Ltd are the major companies operating in the South Korea Solar Energy Market.

What years does this South Korea Solar Energy Market cover?

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

South Korea Solar Energy Industry Report

Statistics for the 2025 South Korea Solar Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South Korea Solar Energy 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.