The market is dominated by domestic suppliers, as imports account for 43.9% of total market size in 2022. B2B drives market demand, with B2B spending representing 65.9% of total demand in 2022. South Korea has the third largest market size for electricity distribution and control apparatus regionally, with demand reaching USD17.3 billion in 2022. LS Industrial Systems Co Ltd is the largest company in South Korea, generating 6.1% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 20.3% of total production value in 2022. The total number of companies increases in 2022, to 12,685 units. The costs of the industry decrease by 12.3% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 9.3% of production value in 2022, the 14th highest regionally. The industry’s exports share increases in 2022 to 40.8% of total production output. With production value of USD14.6 billion, South Korea accounts for 4.8% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Electricity Distribution and Control Apparatus in South Korea: ISIC 312. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Electricity Distribution and Control Apparatus in South Korea: ISIC 312 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of electricity generation, distribution and storage equipment, computers, office machinery and communications equipment, and medical and precision equipment.
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