Market Forecast By Voltage (Low Voltage (By Type (MCB, MCCB, ACB & Others), By Application (Residential, Commercial, Industrial, Power Utilities & Others)), Medium Voltage (By Application (Residential, Commercial, Industrial, Power Utilities & Others), By Insulation Type (Air Insulated Switchgear & Other Insulated Switchgear)), High Voltage Switchgear (By Application (Residential, Commercial, Industrial, Power Utilities & Others)), By Insulation Type (Air Insulated Switchgear, Other Insulated Switchgear)), By Applications (Residential, Commercial, Industrial, Power Utilities & Others) And Competitive Landscape.
Product Code: ETC001489 | Publication Date: May 2022 | Updated Date: Nov 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Turkey Switchgear Market registered a decline of -1.37% in value shipments in 2022 as compared to 2021 and a decrease of -0.19% CAGR in 2022 over a period of 2017. In Switchgear Market Turkey is becoming less competitive as HHI index in 2022 was 992 while in 2017 it was 732. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Turkey has reportedly relied more on imports to meet its growing demand in Switchgear Market. Turkey is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Switchgear Market in 2022 was 3.06 while in 2017 it was 2.93. China, Germany, Italy, Japan and USA were among the top players of the market in 2022, where China acquired the largest market share of 22.91% with a shipment value of 70.87 million USD in 2022 China also offered the product below the average market price thus having a competitive advantage over others In 2017 China had the largest market share of 14.57% with the shipment value of 46.23 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As China price is lower than the average price, it provided a significant edge among other competitor in 2017.
Turkey Switchgear Market is projected to grow over the coming year. Turkey Switchgear Market report is a part of our periodical regional publication Middle East Switchgear Market outlook report. 6W tracks Switchgear market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titled Global Switchgear Market outlook report annually.
Turkey Switchgear Market report comprehensively covers the market by Voltage, Types, application and Insulation. 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 Switchgear Market Synopsis
Turkey Switchgear Market is anticipated to project substantial growth during the upcoming period on account of rising disposable income. The surging modernization and urbanization is driving the Turkey Switchgear Market Growth. Additionally, the demand for electricity suffered a recent surge owing which is further contributing to the development of the market. The usage of switchgear across diverse applications including commercial, industrial and T&D network. Switchgears are designed to improve the efficiency, reliability and power utilities.
According to 6Wresearch, Turkey Switchgear Market size is projected to register growth during 2022-2028. Integration of smart technologies by the manufacturers along with competitive price offering are some of the key factors adding to the Turkey Switchgear Market Share. Rapid expansion of economy and growing population is also proliferating the growth of the market. However, the outburst of COVID-19 pandemic led to disruption in almost every industry. The growth of Switchgear industry also suffered a major setback due to the nationwide restriction that led to economy slowdown and disrupted the supply chain. The market is expected to recover during the upcoming years.
Market Analysis by Voltage
On the basis of voltage, the high voltage segment is expected to grow during the forthcoming years owing to the usage in power plants.
Key Attractiveness of the Report
Key Highlights of Switchgear Report
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
6Wresearch tracks and manages databases of global switchgear market. 6wresearch have been supporting various stakeholders in desigining their entry and growth strategies with the help of robust research and forecasting tools. We have been identifying and tracking various KPIs across major geographies enabling growth projections. With in-house research and data analytics capabilties, 6wresearch delivers actionable insights for companies to make Go/No-Go decisions.
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2 Key Highlights of the Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Turkey Switchgear Market Overview |
3.1 Turkey Switchgear Market Revenues (2018-2028F) |
3.2 Turkey Switchgear Market - Industry Life Cycle, 2021 |
3.3 Turkey Switchgear Market - Porter’s Five Forces |
3.4 Impact Analysis of Covid-19 on Turkey Switchgear Market |
4. Turkey Switchgear Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Turkey Switchgear Market Trends |
6. Turkey Low Voltage Switchgear Market Overview |
6.1 Turkey Low Voltage Switchgear and Panels Market Revenues (2018-2028F) |
6.2 Turkey Low Voltage Switchgear Market Overview, By Types |
6.2.1 Turkey Low Voltage Switchgear Market Revenue Share, By Types (2021 & 2028F) |
6.2.2 Turkey Low Voltage Switchgear Market Revenues, By Types (2018-2028F) |
6.3 Turkey Low Voltage Switchgear Market Overview, By Applications |
6.3.1 Turkey Low Voltage Switchgear Market Revenue Share, By Applications (2021 & 2028F) |
6.3.2 Turkey Low Voltage Switchgear Market Revenues, By Applications (2018-2028F) |
7. Turkey Medium Voltage Switchgear Market Overview |
7.1 Turkey Medium Voltage Switchgear Market Revenues (2018-2028F) |
7.2 Turkey Medium Voltage Switchgear Market Overview, By Insulation Types |
7.2.1 Turkey Medium Voltage Switchgear Market Revenue Share, By Insulation Types (2021 & 2028F) |
7.2.2 Turkey Medium Voltage Switchgear Market Revenues, By Insulation Types (2018-2028F) |
7.3 Turkey Medium Voltage Switchgear Market Overview, By Applications |
7.3.1 Turkey Medium Voltage Switchgear Market Revenue Share, By Applications (2021 & 2028F) |
7.3.2 Turkey Medium Voltage Switchgear Market Revenues, By Applications (2018-2028F) |
8. Turkey High Voltage Switchgear Market Overview |
8.1 Turkey High Voltage Switchgear Market Revenues (2018-2028F) |
8.2 Turkey High Voltage Switchgear Market Overview, By Insulation Types |
8.2.1 Turkey High Voltage Switchgear Market Revenue Share, By Insulation (2021 & 2028F) |
8.2.2 Turkey High Voltage Switchgear Market Revenues, By Insulation (2018-2028F) |
8.3 Turkey High Voltage Switchgear Market Overview, By Application Types |
8.3.1 Turkey High Voltage Switchgear Market Revenue Share, By Application Types (2021 & 2028F) |
8.3.2 Turkey High Voltage Switchgear Market Revenues, By Application Types (2018-2028F) |
9. Turkey Switchgear Market Overview, By Applications |
9.1 Turkey Switchgear Market Revenues, By Residential Application (2018-2028F) |
9.2 Turkey Switchgear Market Revenues, By Commercial Application (2018-2028F) |
9.3 Turkey Switchgear Market Revenues, By Industrial Application (2018-2028F) |
9.4 Turkey Switchgear Market Revenues, By Power Utilities Application (2018-2028F) |
9.5 Turkey Switchgear Market Revenues, By Other Application (2018-2028F) |
10. Turkey Switchgear Market Key Performance Indicators |
11. Turkey Switchgear Market Opportunity Assessment |
11.1 Turkey Switchgear Market Opportunity Assessment, By Voltage (2028F) |
11.2 Turkey Switchgear Market Opportunity Assessment, By Applications (2028F) |
12. Turkey Switchgear Market Competitive Landscape |
12.1 Turkey Switchgear Market Revenue Share, By Voltage, By Company (2021) |
12.2 Turkey Switchgear Market Competitive Benchmarking, By Technical Parameters |
12.3 Turkey Switchgear Market Competitive Benchmarking, By Operational Parameters |
13. Company Profiles |
14. Key Strategic Recommendations |
15. Disclaimer |
Market Forecast By Voltage (Low Voltage (By Type (MCB, MCCB, ACB & Others ), By Application (Residential, Commercial, Industrial, Power Utilities & Others)), Medium Voltage(By Application(Residential, Commercial, Industrial, Power Utilities &Others), By Insulation Type(Air Insulated Switchgear & Other Insulated Switchgear)), High voltage Switchgear (By Application(Residential, Commercial, Industrial, Power Utilities & Others)), By Insulation Type (Air Insulated Switchgear, Other Insulated Switchgear)), By Applications(Residential, Commercial, Industrial, Power Utilities & others ) And Competitive Landscape.
Product Code: ETC001489 | Publication Date: Dec 2019 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 80 | No. of Figures: 45 | No. of Tables: 1 |
Switchgear market in Turkey is expected to witness moderate growth due to a rise in infrastructure, construction, and manufacturing sectors as well as rising investment across the non-oil sectors. Additionally, increasing advancement in smart grid technologies and increasing focus towards the energy-efficient environments would spur the growth of the switchgear market in Turkey.
According to 6Wresearch, Turkey Switchgear Market size is projected to grow at a CAGR of 3.7% during 2019-2025. The residential sector is highest revenue-generating segment in the Turkey switchgear market. ‘Urban renewal Project’ is a project launched by the government of turkey which focuses on the development of earthquake-safe homes. This increase in the residential sector would require the widespread application of switchgear, thereby accelerating the switchgear market growth in the country.
Low voltage switchgear is generating the highest revenue share owing to government initiatives for strengthening public service sectors such as education, recreation, tourism, and health. These initiatives would lead to infrastructural development across multiple sectors, thereby accelerating the market demand for low voltage switchgear in Turkey.
Turkey switchgear market report thoroughly covers the market by voltage and applications. Turkey switchgear market outlook report provides an unbiased and detailed analysis of the on-going Turkey switchgear market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.
Key Highlights of the Report:
Markets Covered
The Turkey switchgear market report provides a detailed analysis of the following market segments:
Other Key Reports Available: