Please Wait.....
Report
South Korea Wind Energy Market Forecast Trends - Market Size, Share, Growth Analysis Report (2025-2034)
Market Report I 2025-06-06 I 168 Pages I EMR Inc.
The South Korea wind energy market size was approximately 2.85 TWh in 2024. The market is assessed to grow at a CAGR of 4.20% between 2025 and 2034, reaching 4.30 TWh by 2034.
To simplify the permitting and licensing processes for companies interested in the wind energy market, the South Korean government launched a national development strategy called the Green New Deal in 2020. It aims at encouraging renewable energy production in the country and building smart grids for energy distribution. It is also conducting feasibility studies to find large scale offshore wind farms and determine the set-up cost of establishing wind farms. This is leading to the South Korea wind energy market growth.
The number of offshore wind energy plants in South Korea is expected to increase significantly. This is because of increasing investments by the government and private sector players in the development of offshore wind energy power plants. For instance, the development of the world's largest offshore wind farm in South Korea's Sinan, as per the government's 2021 deal, is expected to generate 8.2 GW of power, which is equal to the power generation capacity of 6 nuclear power plants. The project is expected to complete by 2030, enabling the country to become a leader in offshore wind power.
Since South Korea has a natural geographical advantage of being surrounded by sea on three sides, and its technological know-how supports the development of green energy resources, companies are eager to explore the potential of wind energy in South Korea.
Turbines and various components used for wind power generation are largely imported in South Korea. The demand for support structures to keep the wind turbine steady in the sea and winds, and electrical infrastructure to distribute power is also expected to increase with the introduction of favourable government policies to accelerate the transition to green energy. With the country being one of the most important and innovative industrial nations, many international companies have shown interest in South Korea's wind power sector. Further, imported products are required to be thoroughly tested and certified before entering the Korean market.
Market Segmentation
South Korea Wind Energy Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments
Market Breakup by Deployment
- Onshore
- Offshore
Market Breakup by Component
- Turbine
- Support Structure
- Electrical Infrastructure
- Others
Market Breakup by Application
- Utility
- Non-utility
Competitive Landscape
The players in the South Korea wind energy market are increasingly focusing on forming public and private partnerships and leveraging advanced technologies to enhance their production capabilities and meet the increasing demand for renewable energy.
- TotalEnergies SE
- Equinor ASA
- Siemens Gamesa Renewable Energy, S.A.U.
- Hyosung Heavy Industries Corp.
- Orsted A/S
- Korea Midland Power Co., Ltd.
- Vestas Wind System A/S
- GLOBAL WIND ENERGY Co., Ltd.
- Others
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Asia Pacific Wind Energy Market Overview
5.1 Key Industry Highlights
5.2 Asia Pacific Wind Energy Historical Market (2018-2024)
5.3 Asia Pacific Wind Energy Market Forecast (2025-2034)
6 South Korea Wind Energy Market Overview
6.1 Key Industry Highlights
6.2 South Korea Wind Energy Historical Market (2018-2024)
6.3 South Korea Wind Energy Market Forecast (2025-2034)
7 South Korea Wind Energy Market by Deployment
7.1 Onshore
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Offshore
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
8 South Korea Wind Energy Market by Component
8.1 Turbine
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Support Structure
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
8.3 Electrical Infrastructure
8.3.1 Historical Trend (2018-2024)
8.3.2 Forecast Trend (2025-2034)
8.4 Others
9 South Korea Wind Energy Market by Application
9.1 Utility
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Non-utility
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyer's Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Supplier Selection
11.2 Key Global Players
11.3 Key Regional Players
11.4 Key Player Strategies
11.5 Company Profiles
11.5.1 TotalEnergies SE
11.5.1.1 Company Overview
11.5.1.2 Type Portfolio
11.5.1.3 Demographic Reach and Achievements
11.5.1.4 Certifications
11.5.2 Equinor ASA
11.5.2.1 Company Overview
11.5.2.2 Type Portfolio
11.5.2.3 Demographic Reach and Achievements
11.5.2.4 Certifications
11.5.3 Siemens Gamesa Renewable Energy, S.A.U.
11.5.3.1 Company Overview
11.5.3.2 Type Portfolio
11.5.3.3 Demographic Reach and Achievements
11.5.3.4 Certifications
11.5.4 Hyosung Heavy Industries Corp.
11.5.4.1 Company Overview
11.5.4.2 Type Portfolio
11.5.4.3 Demographic Reach and Achievements
11.5.4.4 Certifications
11.5.5 Orsted A/S
11.5.5.1 Company Overview
11.5.5.2 Type Portfolio
11.5.5.3 Demographic Reach and Achievements
11.5.5.4 Certifications
11.5.6 Korea Midland Power Co., Ltd.
11.5.6.1 Company Overview
11.5.6.2 Type Portfolio
11.5.6.3 Demographic Reach and Achievements
11.5.6.4 Certifications
11.5.7 Vestas Wind System A/S
11.5.7.1 Company Overview
11.5.7.2 Type Portfolio
11.5.7.3 Demographic Reach and Achievements
11.5.7.4 Certifications
11.5.8 GLOBAL WIND ENERGY Co., Ltd.
11.5.8.1 Company Overview
11.5.8.2 Type Portfolio
11.5.8.3 Demographic Reach and Achievements
11.5.8.4 Certifications
11.5.9 Others
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security