Turkey Air Conditioner (AC) Market (2021-2027) | Size, Analysis, Revenue, Forecast, Trends, Growth, Value, Outlook, Share & COVID-19 IMPACT

Turkey Air Conditioner (AC) Market | Country-Wise Share and Competition Analysis

In the year 2021, China was the largest exporter in terms of value, followed by Thailand. It has registered a growth of 39.57% over the previous year. While Thailand registered a growth of 3.29% over the previous year. While in 2017 China was the largest exporter followed by Thailand. In terms of Herfindahl Index, which measures the competitiveness of countries exporting, Turkey has a Herfindahl index of 3988 in 2017 which signifies high concentration while in 2021 it registered a Herfindahl index of  5029 which signifies high concentration in the market

Turkey Air Conditioner (AC) Market - Export Market Opportunities

Topics Covered in Turkey Air Conditioner (AC) Market

Turkey Air Conditioner (AC) Market is projected to grow over the coming years. Turkey Air Conditioner (AC) Market report is a part of our periodical regional publication Middle East Air Conditioner (AC) Market Outlook report. 6W tracks the air conditioner market for over 60 countries with individual country-wise market opportunity assessment and publishes the report titled Global Air Conditioner (AC) Market outlook report annually.

Turkey Air conditioner (AC) Market report comprehensively covers the market type and application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Latest (2023) Development of the Turkey Air Conditioner (AC) Market

Turkey Air Conditioner (AC) Market is proliferating in the country backed by some ongoing latest developments are the rising IOT-enabled air conditioners and the rising energy-efficient air conditioning systems. Additionally, the rising installation of smart and connected air conditioning systems that can be controlled remotely through smartphones. This has resulted in encouraging manufacturers to produce IoT-enabled air conditioners. The rising government focus on the promotion of using energy-efficient air conditioners due to attain environmental sustainability. Furthermore, several companies are investing in the development of advanced heat pump systems that can function with both cooling and heating effects. The ongoing developments in the market are estimated to dominate the Turkey Air Conditioner (AC) Market share in the coming years.

Turkey Air Conditioner (AC) Market Synopsis

Turkey Air Conditioner (AC) Market is anticipated to gain momentum during the upcoming years on account of unfavourable weather conditions and soaring temperatures. Increasing advancement in technology backed by the development of automatic air conditions is also fueling market growth. Additionally, the government’s continuous initiative to develop infrastructure backed by increasing urbanization beholds the rapid development of the market. The growing population coupled with increasing migration and rising disposable income is driving the standard of living further leading to the expansion of the market.

According to 6Wresearch, Turkey Air Conditioner (AC) Market size is projected to grow at a CAGR of 8.2% during 2021-2027. Turkey occupies 3rd position in terms of the market size in the Middle East Air Conditioner Market. Increasing the establishment of government offices, hotels and shopping malls is also propelling the growth of the market. Growing consumer preference towards energy efficiency is further leading to the development of the market. However, the COVID-19 pandemic led to the negative growth of the market on account of the shutting down of production units and retail stores due to the nationwide lockdown. Although, the market is expected to regain its growth owing to the resumption of retail stores and manufacturing units.

COVID-19 Impact on the Turkey Air Conditioner Market

The COVID-19 pandemic had a profound impact on the Turkey Air Conditioner (AC) market. The shutdown of all the ACs stores and ceased in construction activities caused by the pandemic lockdown measures, including, restrictions on trade due to cease the COVID-19 virus spread, this led to a disruption in the product supply chain & raw materials had hindered the manufacturing process. With the decline in the ACs demand had affected Turkey Air Conditioner (AC) market growth during the COVID-19 pandemic. 

Market Analysis by Type

In terms of market by type, Room Air Conditioner dominates the market and is expected to remain in a dominant position in the coming years. However, Centralized Air Conditioner is expected to have the fastest growth rate among all types.

Market Analysis by Application

In terms of application, Commercial & Retail dominate the market and is expected to remain in a dominant position in the coming years with the fastest growth rate among all applications.

Key Players in the Turkey Air Conditioner Market

Some key players operating in the market with a strong presence are mentioned below:

• rcelik Group is a well-known turkish multinational company in the country that offers a spectrum range of electric appliances, which include air conditioners.
• Vestel is a Turkish electronics manufacturer and supplier that offers a wide variety of products, including air conditioners.
• Bosch is a German multinational engineering and technology company who is dealing in Turkey and supplies types of air conditioners.
• Samsung is a South Korean multinational company that manufactures electronic appliances that supplies a wide range of electronics, including air conditioners.
• LG is a South Korean multinational electronics company with a strong presence in the country who is supplying a range of air conditioners in the market.
• Midea is a Chinese multinational electronics company that manufactures a spectrum range of home appliances, which include air conditioners 
• Gree is a Chinese multinational air conditioning player that manufactures types of air conditioners in the market.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2017 to 2020.
• Base Year: 2020
• Forecast Data until 2027.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Turkey Air Conditioner Market Outlook
• Market Size of Turkey Air Conditioner Market, 2020
• Forecast of Turkey Air Conditioner Market, 2027
• Historical Data and Forecast of Turkey Air Conditioner Revenues & Volume for the Period 2017 - 2027
• Turkey Air Conditioner Market Trend Evolution
• Turkey Air Conditioner Market Drivers and Challenges
• Turkey Air Conditioner Price Trends
• Turkey Air Conditioner Porter's Five Forces
• Turkey Air Conditioner Industry Life Cycle
• Historical Data and Forecast of Turkey Air Conditioner Market Revenues & Volume By Type for the Period 2017 - 2027
• Historical Data and Forecast of Turkey Air Conditioner Market Revenues & Volume By Room Air Conditioner for the Period 2017 - 2027
• Historical Data and Forecast of Turkey Air Conditioner Market Revenues & Volume By Ducted Air Conditioner for the Period 2017 - 2027
• Historical Data and Forecast of Turkey Air Conditioner Market Revenues & Volume By Ductless Air Conditioner for the Period 2017 - 2027
• Historical Data and Forecast of Turkey Air Conditioner Market Revenues & Volume By Centralized Air Conditioner for the Period 2017 - 2027
• Historical Data and Forecast of Turkey Air Conditioner Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of Turkey Air Conditioner Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of Turkey Air Conditioner Market Revenues & Volume By Healthcare for the Period 2017 - 2027
• Historical Data and Forecast of Turkey Air Conditioner Market Revenues & Volume By Commercial & Retail for the Period 2017 - 2027
• Historical Data and Forecast of Turkey Air Conditioner Market Revenues & Volume By Transportation & Infrastructure for the Period 2017 - 2027
• Historical Data and Forecast of Turkey Air Conditioner Market Revenues & Volume By Hospitality for the Period 2017 - 2027
• Historical Data and Forecast of Turkey Air Conditioner Market Revenues & Volume By Others for the Period 2017 - 2027
• Turkey Air Conditioner Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• Turkey Air Conditioner Top Companies Market Share
• Turkey Air Conditioner Competitive Benchmarking By Technical and Operational Parameters
• Turkey Air Conditioner Company Profiles
• Turkey Air Conditioner Key Strategic Recommendations

Market Segmentation:

The report provides a detailed analysis of the following market segments:

By Types:

• Room Air Conditioner
• Ducted Air Conditioner
• Ductless Air Conditioner
• Centralized Air Conditioner

By Application:

• Residential
• Commercial & Retail
• Healthcare
• Hospitality
• Transportation & Infrastructure
• Others

Turkey Air Conditioner (AC) Market: FAQs