Korea Electric Power Transmission and Distribution Equipment Market Size & Outlook, 2025-2033
Korea Electric Power Transmission and Distribution Equipment Market Size
According to Straits Research analysis, the Korea Electric Power Transmission and Distribution Equipment Market was valued at USD 4854.11 Million in 2024 and is projected to reach USD 8891.65 Million by 2033, expanding at a CAGR of 7% during the forecast period. This growth is driven by robust demand across industries including agriculture, chemical manufacturing, energy, as well as other industrial applications where efficient, safe, and reliable power distribution is crucial. Additionally, the emergence of sustainable and low-carbon production trends, alongside technological advancements in power equipment, offer significant growth opportunities for this market. Notably, export potential remains high as Korean firms leverage their well-established manufacturing capabilities. Considering these factors, Korea is well-positioned to consolidate its strength in the global Electric Power Transmission and Distribution Equipment Market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Korea Electric Power Transmission and Distribution Equipment Market Highlights
- By 2024, Transformer represented the largest share of the Type market size.
- Others is expected to remain the key growth driver within Type, registering the fastest CAGR during the forecast period.
- In 2024, Korea represented 2.01% of the overall global electric power transmission and distribution equipment market size.
- United States is projected to lead the global electric power transmission and distribution equipment market size by 2033.
- Across Asia Pacific, China is anticipated to hold the dominant position in market by 2033.
- India is forecasted to expand at the fastest pace in Asia Pacific, attaining USD 58503 Million by 2033.
Korea Electric Power Transmission and Distribution Equipment Market Revenue Share 2024
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Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2020-2033 |
| Historical Period | 2020-2023 |
| Forecast Period | 2025-2033 |
| Market Size In 2024 | USD 4854.11 Million |
| Market Size In 2033 | USD 8891.65 Million |
| Largest segment | Transformer |
| Fastest segment | Others |
| Units | Revenue in USD Million |
| CAGR | 7% (2025-2033) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Type |
|
| Voltage Level |
|
| End Use |
|
Korea Electric Power Transmission and Distribution Equipment Market By Type 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
Korea Electric Power Transmission and Distribution Equipment Market By Voltage Level 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
Korea Electric Power Transmission and Distribution Equipment Market By End Use 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
