This whitepaper is a comprehensive guide to the industry. The dataset focuses on market statistics in the form of revenue, year-on-year growth, and global and regional CAGR. A detailed analysis of competitors and opportunities related to the Natural Gas Generators market will help companies and investors develop strategic landscapes.
Small power generator sets are the largest segment with a revenue share of 47.75% in 2021. Horizon Databook segments the Korean natural gas generator market based on small power generator sets, medium power generator sets and high power generator sets, covering the revenue growth of each sub-segment from 2018 to 2030.
Natural gas-fired power plants are mainly used for backup power supply in the power sector and manufacturing industries in the country. The country’s electricity demand is rapidly increasing due to the growth of industrial activities and the government plans to achieve an installed capacity of over 150 GW by 2030, which is expected to boost the demand for natural gas-fired power plants in the power sector.
OEMs are expanding their presence in the country by signing long-term service contracts with power plant owners for the supply of natural gas-fired power plants. These developments are expected to contribute to the growth of natural gas-fired power plants in the country during the forecast period.
Horizon Databook provides a detailed overview of country-level data and information on the South Korea Natural Gas Generators market, including subscriber forecasts. This country guide provides an overview of the South Korea Natural Gas Generators market from 2018 to 2030, including revenue data, key trends, and company profiles.
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Post time: Jan-08-2025