Market Report, "South Korea Power Report Q3 2010", published

July 31, 2010 - PRLog -- The new BMI South Korea Power Report forecasts that the country will account for 5.39% of Asia Pacific regional power generation by 2014, with a theoretical generation surplus that should avoid the need for a net import requirement. BMI's Asia Pacific power generation assumption for 2009 is 7,308 terawatt hours (TWh), representing an increase of 2.6% over the previous year. We are forecasting an increase in regional generation to 9,725TWh by 2014, representing a rise of 26.2% in 2010-2014.

Asia Pacific thermal power generation in 2009 totalled an estimated 5,849TWh, accounting for 80.0% of the total electricity supplied in the region. Our forecast for 2014 is 7,600TWh, implying 23.7% growth that reduces the market share of thermal generation to 78.1%. This is thanks largely to environmental concerns promoting renewable sources, hydro-electricity and nuclear generation. South Korea's thermal generation in 2009 was an estimated 341TWh, or 5.83% of the regional total. By 2014, it is expected to account for 4.92% of thermal generation.

Oil is the dominant fuel in South Korea, accounting for an estimated 43.6% of 2009 of primary energy demand (PED), followed by coal at 28.9%, nuclear at 10.3%, and gas with 16.7%. Regional energy demand is forecast to reach 5,334mn tonnes of oil equivalent (toe) by 2014, representing 24.6% growth from the estimated 2009 level. South Korea's estimated 2009 market share of 5.96% is set to fall to 5.00% by 2014. South Korea's nuclear demand in 2009 is expected to have tumbled thanks to capacity reductions, rebounding to 135TWh in 2014, with its share of the Asia Pacific nuclear market falling from an estimated 21.65% to 18.77% over the period.

South Korea now shares 12th place with Singapore in BMI's updated Power Business Environment Ratings, aided by the considerable size of the market, established competitive landscape and reasonable country risk profile but hampered by poor growth prospects. The country is just one point ahead of Sri Lanka and may ultimately come under threat from the smaller but more rapidly growing energy economy. BMI is now forecasting that South Korea's real GDP growth will average 4.18% per annum between 2010 and 2014, with growth of 5.5% assumed in 2010. Population is expected to expand from 49.4mn to 50.2mn over the period, with GDP per capita and electricity consumption per capita forecast to increase by 37% and 10% respectively. The country's power consumption is expected to increase from an estimated 384TWh in 2009 to 446TWh by the end of the forecast period, with surplus generation of an estimated 66TWh in 2009 rising to a potential 78TWh during the forecast period, assuming electricity generation rising by an annual average of 3.1% in 2020-2014.

Between 2010 and 2019, we are forecasting an increase in Korean electricity generation of 26.9%, which is near the bottom of the range for the Asia Pacific region. This equates to 13.8% in the 2014-2019 period, compared with 11.5% in 2010-2014. PED growth is set to decrease from 8.4% in 2010-2014 to 7.7%, representing 16.8% for the entire forecast period. Nuclear generation is expected to rise by 65% between 2010 and 2019, with hydro generation unchanged over the same period. Thermal power generation is forecast to rise by 7% between 2010 and 2019. More details of the long-term BMI power forecasts can be found later in this report.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/74009_south_korea_power_report...

Partial Table of Contents:

Executive Summary
SWOT Analysis
- South Korea Power Business Environment SWOT
- South Korea Political SWOT
- South Korea Economic SWOT
Industry Overview
- Global
- Table: Global Summary, 2007-2014
- Asia Pacific Region
- Table: Asia Pacific Power Generation, 2007-2014 (TWh)
- Table: Asia Pacific Thermal Power Generation, 2007-2014 (TWh)
- Table: Asia Pacific Primary Energy Demand, 2007-2014 (mn toe)
- Table: Asia Pacific Gas Consumption, 2007-2014 (bcm)
- Table: Asia Pacific Coal Consumption, 2007-2014 (mn toe)
- Table: Asia Pacific Nuclear Energy Consumption, 2007-2014 (TWh)
Market Overview
- Primary Energy Demand
- Power Generation
- Power Consumption
- Regulation And Competition
- Pricing
- Power Transmission
Business Environment
- Asia Pacific Power Business Environment Ratings
- Table: Asia Regional Power Business Environment Ratings
- South Korea's Power Rating
- Legal Framework
- Infrastructure
- Labour Force
- Foreign Investment Policy
- Tax Regime
- Security Risk
Industry Forecast Scenario
- South Korea's Power Outlook
- Generation
- Gas-Fired
- Oil-Fired
- Coal-Fired
- Nuclear Energy
- Hydro-Electric
- Renewable Energy
- Power Costs
- Transmission
- Table: South Korea's Power Sector, 2007-2014
- Table: South Korea's Thermal Power Sector, 2007-2014
- Table: South Korea's Non-Thermal Power Sector, 2007-2014
- Table: South Korea's Power Costs, 2007-2014
- Assumptions And Methodology
- Key Risks To BMI's Forecast Scenario
- Long-Term Power Outlook
- Macroeconomic Outlook
- Table: South Korea - Economic Activity, 2007-2014
Power Outlook: Long-Term Forecasts
- Global Snapshot
- Table: Global Summary, 2012-2019
- Regional Outlook
- Table: Asia Pacific Electricity Generation, 2012-2019 (TWh)
- Table: Asia Pacific Primary Energy Demand, 2012-2019 (mn toe)
- Table: Asia Pacific Thermal Power Generation, 2012-2019 (TWh)
- Table: Asia Pacific Hydro-Electric Generation, 2012-2019 (TWh)
- Table: Asia Pacific Nuclear Generation, 2012-2019 (TWh)
- South Korea Overview
- Methodology And Risks To Forecasts
Competitive Landscape
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Full Table of Contents is available at:
-- http://www.fastmr.com/catalog/product.aspx?productid=7400...

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.