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Smart Grid in South Korea - The 2030 Energy Freedom Goal
GlobalData, April 2011, Pages: 7
Smart Grid in South Korea - The 2030 Energy Freedom Goal
Summary
GlobalData's report 'Smart Grid in South Korea – The 2030 Energy Freedom Goal' provides an analysis of the developments related to smart grid in South Korea. South Korea is largely dependent on thermal energy and has been significantly investing in nuclear power to meet the electricity demands. The country lacks domestic energy resources and the majority of the energy is imported from other countries. According to Korea’s Energy Economic Institute the energy consumption of South Korea is expected to reach 7.05 Tons of Oil Equivalent by 2030.The South Korean government has initiated the smart grid national project to meet the growing energy demands and achieve its national vision of low carbon green growth. Both government and private players are actively participating in smart grid deployment across the country. Lack of prior experience in building complex smart grid projects and lack of standards and policies are the major concerns for smart grid implementation in South Korea
Scope
- Key smart grid projects and developments in South Korea
- Key drivers for deployment of smart grid in South Korea
- Major restraints for progress of smart grid in South Korea
- Key policies and regulations guiding smart grid deployment in South Korea
- Major vendors of smart grid technologies in South Korea
- Major Organizations supporting smart grid deployment in South Korea
Reasons to buy
- Identify key growth and investment opportunities for smart grid technology vendors in South Korea
- Gain insight on the growth potential offered by South Korean smart grid industry to technology vendors
- Developing strategies for market penetration
- Facilitate decision-making based on market developments related to smart grid in South Korea
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