Market Forecast By Type (Room Air Conditioner, Ducted Air Conditioner, Ductless Air Conditioner, Centralized Air Conditioner), By Application (Residential, Healthcare, Commercial & Retail, Transportation & Infrastructure, Hospitality, Others) And Competitive Landscape
|Product Code: ETC090097||Publication Date: Aug 2021||Updated Date: May 2023||Product Type: Market Research Report|
|Publisher: 6Wresearch||No. of Pages: 70||No. of Figures: 35||No. of Tables: 5|
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 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.
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 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.
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.
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.
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.
Some key players operating in the market with a strong presence are mentioned below:
The report provides a detailed analysis of the following market segments:
|1 Executive Summary|
|2.1 Key Highlights of the Report|
|2.2 Report Description|
|2.3 Market Scope & Segmentation|
|2.4 Research Methodology|
|3 Turkey Air Conditioner Market Overview|
|3.1 Turkey Air Conditioner Market Revenues & Volume, 2021 - 2027|
|3.2 Turkey Air Conditioner Market - Industry Life Cycle|
|3.3 Turkey Air Conditioner Market - Porter's Five Forces|
|3.4 Turkey Air Conditioner Market Revenues & Volume Share, By Type, 2020 & 2027F|
|3.5 Turkey Air Conditioner Market Revenues & Volume Share, By Application, 2020 & 2027F|
|4 Turkey Air Conditioner Market Dynamics|
|4.1 Impact Analysis|
|4.2 Market Drivers|
|4.3 Market Restraints|
|5 Turkey Air Conditioner Market Trends|
|6 Turkey Air Conditioner Market, By Types|
|6.1 Turkey Air Conditioner Market, By Type|
|6.1.1 Overview and Analysis|
|6.1.2 Turkey Air Conditioner Market Revenues & Volume, By Type, 2017 - 2027F|
|6.1.3 Turkey Air Conditioner Market Revenues & Volume, By Room Air Conditioner, 2017 - 2027F|
|6.1.4 Turkey Air Conditioner Market Revenues & Volume, By Ducted Air Conditioner, 2017 - 2027F|
|6.1.5 Turkey Air Conditioner Market Revenues & Volume, By Ductless Air Conditioner, 2017 - 2027F|
|6.1.6 Turkey Air Conditioner Market Revenues & Volume, By Centralized Air Conditioner, 2017 - 2027F|
|6.2 Turkey Air Conditioner Market, By Application|
|6.2.1 Overview and Analysis|
|6.2.2 Turkey Air Conditioner Market Revenues & Volume, By Residential, 2017 - 2027F|
|6.2.3 Turkey Air Conditioner Market Revenues & Volume, By Healthcare, 2017 - 2027F|
|6.2.4 Turkey Air Conditioner Market Revenues & Volume, By Commercial & Retail, 2017 - 2027F|
|6.2.5 Turkey Air Conditioner Market Revenues & Volume, By Transportation & Infrastructure, 2017 - 2027F|
|6.2.6 Turkey Air Conditioner Market Revenues & Volume, By Hospitality, 2017 - 2027F|
|6.2.7 Turkey Air Conditioner Market Revenues & Volume, By Others, 2017 - 2027F|
|7 Turkey Air Conditioner Market Import-Export Trade Statistics|
|7.1 Turkey Air Conditioner Market Export to Major Countries|
|7.2 Turkey Air Conditioner Market Imports from Major Countries|
|8 Turkey Air Conditioner Market Key Performance Indicators|
|9 Turkey Air Conditioner Market - Opportunity Assessment|
|9.1 Turkey Air Conditioner Market Opportunity Assessment, By Type, 2020 & 2027F|
|9.2 Turkey Air Conditioner Market Opportunity Assessment, By Application, 2020 & 2027F|
|10 Turkey Air Conditioner Market - Competitive Landscape|
|10.1 Turkey Air Conditioner Market Revenue Share, By Companies, 2020|
|10.2 Turkey Air Conditioner Market Competitive Benchmarking, By Operating and Technical Parameters|
|11 Company Profiles|