The market is dominated by domestic suppliers, as imports account for 23.2% of total market size in 2023. B2B drives market demand, with B2B spending representing 80.2% of total demand in 2023. South Korea has the sixth largest market size for industrial process control equipment regionally, with demand reaching USD3.3 billion in 2023. LS Industrial Systems Co Ltd is the largest company in South Korea, generating 5.3% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 13.2% of total production value in 2023. The total number of companies increases in 2023, to 3,253 units. The costs of the industry increase by 6.6% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 2.8% of production value in 2023, the 19th highest regionally. The industry’s exports share decreases in 2023 to 22.9% of total production output. With production value of USD2.9 billion, South Korea accounts for 3.3% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Industrial Process Control Equipment in South Korea: ISIC 3313. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Industrial Process Control Equipment in South Korea: ISIC 3313 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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