Korean Technology Companies To Have A Major Impact On Global Smart Grid Market

Smart Grid in Korea

Smart Grid in Korea

South Korea has become well-recognized in recent years as a global technology hub, and its leading technology companies have successfully developed and exported a wide range of innovative products. Now the Korean government, in partnership with private industry, is spearheading a new Smart Grid strategy to transform the ways in which electricity is generated, distributed, and consumed in the country, driven by a desire for greater energy security, sustained economic growth, and reduced environmental impact. According to a new report these efforts will result in Smart Grid infrastructure investments totaling $15.8 billion within Korea itself during the period from 2009 to 2016, and will serve as the foundation for a significant global export market as well. ( http://www.bharatbook.com/detail.asp?id=133881&rt=Smart-Grid-in-Korea.html )

Korean technology companies have been at the forefront of innovation in information and communications technology, says industry analyst Andy Bae. They are now poised to take a significant leadership role in the Smart Grid market, both within Korea and on a global level. Bae adds that Korean companies will aim to leverage their technology assets in other sectors to create an advanced Smart Grid infrastructure that improves power generation and distribution efficiencies, incorporates renewable and distributed generation resources, and supports the evolution of transportation infrastructure toward electric vehicles.

It forecasts that electricity distribution automation and transmission upgrades will be the largest opportunities in Koreas Smart Grid market over the next several years, followed by substation automation and renewable energy management systems. The firm anticipates that smart metering and electric vehicle management system will also be substantial application areas, though not as large.

Smart Grid in Korea, analyzes the Korean market for Smart Grid technologies and applications in depth. It examines the policy environment and economic development objectives of the Korean government, technology and standards issues, key applications for electricity consumers, and the strategies of market players. A detailed case study is included for the Jeju Island demonstration project, together with market forecasts for Smart Grid applications in Korea through 2016. An Executive Summary of the report is available for free download on the firms website.

Key questions addressed:

* What are the objectives and expected benefits of Koreas Smart Grid initiative?

* Who are the key players in Koreas emerging Smart Grid market, and what are their strategies for domestic and global deployments?

* What is the size of the market opportunity for Smart Grid applications in Korea?

* What business models are being employed for Smart Grid deployments in Korea?

* What are the central technology issues faced by Korean Smart Grid companies?

* What impact will the Smart Grid have on the generation, distribution, and consumption of electricity in Korea?

To know more and to buy a copy of your report feel free to visit : http://www.bharatbook.com/detail.asp?id=133881&rt=Smart-Grid-in-Korea.html

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