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Political and Policy Analysis for the South Korean Environmental and Building Technologies Industry
Frost & Sullivan, March 2006, Pages: 35
Although North America, western Europe, and Japan continue to account for the bulk of the global environmental and building technologies (EBT) industry, the growth rates in these markets have slowed down. The growth potential of the global EBT industry lies with the developing countries of eastern Europe, Latin America, and Asia. Environmental regulations and energy-saving mandates have become increasingly stringent among Asian countries. Integration of business decisions with environmental issues, reduction in global trade barriers, greater globalization, and rising awareness of environmental issues have been driving this industry.
Asian countries have begun investing heavily in environmental technologies and cleaner production processes in line with the increasing integration of the Asian economy. The priority given to investments in infrastructural projects as well as the substantial R&D activities has aided the EBT industry. The political establishments play a critical role in the development of this industry in any country. General economic policies greatly influence this demand-driven industry and industry-specific policies largely facilitate its rapid development.
South Korea, the third largest economy in Asia and the eleventh in the world in 2004, was one of the first to recover from the Asian economic downturn in 1998. Riding on the back of a wide range of economic policies as well as financial and corporate restructuring, it has covered a lot of ground to become one of the fastest growing economies in the world. The South Korean EBT industry is expected to expand exponentially due to increasing environmental consciousness as well as privatization and industrial investments. The government encourages new infrastructural projects and the adoption of latest building technologies in such projects. It also supports R&D activities to increase energy efficiency in buildings. International trade agreements signed by South Korea in 2005 are likely to augment the attractiveness of its environmental industry, particularly the environmental equipment segment.
This Frost & Sullivan Country Industry Forecast for the South Korean Environmental and Building Technologies industry uses a macroeconomic perspective to provide a focused analysis of the industry. This research service covers an array of issues pertinent to the EBT industry, ranging from political stances, trade policies, and industry regulations, along with their overall impact. Besides enabling decision makers to assess the impact of non-market forces, this analysis also helps in identifying new opportunities in the industry. In addition, it provides a strong base for preparing business contingency plans.
Benefits of this Service
Identify New Market Opportunities
The future trends of the political and policy environment of South Korea have been analyzed along with their impact on the EBT industry. This analysis will provide valuable information to participants on opportunities in specific segments of the industry.
Understand Future Industry Trends
The research gives an insight into the South Korean EBT industry, discusses its dependence on the prevailing political and policy scenario, and forecasts its future. This will help participants to gauge the direction of the industry, enabling them to devise appropriate strategies to improve market share.
Comprehend Policy and Regulatory Environment
A detailed analysis of the policy and regulatory framework of the South Korean EBT industry provides insights into the regulatory environment as it exists and the future direction of the same. This is particularly beneficial in the case of the environmental industry, as regulations form an important criterion for industry performance.
Devise Country Entry Strategies
The study provides valuable information and analysis of the strengths and weaknesses of the political and policy environment of South Korea, which are relevant to the EBT industry. This is particularly useful in devising country specific strategies for industry participants.
Evaluate Industry Segment Potential
This research offers detailed coverage of political issues as well as industry-specific and macro economic policies impacting the industry. It provides both country and industry trends and forecasts for major variables and is an excellent tool for companies that plan to enter new geographic markets. This will help corporate planners in developing accurate business plans and enhance credibility to planning company resources.
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