Turkey Solar Energy Market to be Dominated by Marmara Through 2028
The
shift of the electricity sector toward sustainability and the rising number of supportive
government policies are likely to propel the Turkey solar energy market during
the forecast period.
According
to TechSci Research report, “Turkey
Solar Energy Market – By Region,
Competition, Forecast, & Opportunities, 2028, the market for solar
energy in Turkey is estimated to see considerable growth during the forecast
period. The increasing demand for sustainable energy production sources as
alternatives to conventional energy sources is expected to boost the market
over the forecast period.
The decreasing
costs of solar energy systems have made solar energy more economical in the
energy generation industry. The prices of parts are expected to further decrease
in the forthcoming years owing to elevated investments in solar energy
technologies, which are anticipated to make solar energy cheaper than at
present operating coal or gas power plants. The demand for alternative resources
of power generation and lowering dependence on fossil fuels is expected to raise
the demand for solar energy.
Solar
energy is the luminous energy radiated from the sun, which is implemented by
using abundant technologies similar to photovoltaic cells, solar heating, and
others. It's an effective form of unconventional energy and an accessible
renewable solution toward growing greenhouse emigrations and global warming.
The development of the solar energy market is majorly driven by the growth of
the governmental provision of impulses & duty rebates to mount solar panels
and environmental pollution.
In
addition, the decline in the footprint of water accompanying solar energy
systems has propelled their demand in power generation sectors. The solar cells
demand has increased huge traction due to an upsurge in rooftop installations,
which is further followed by a rise in operations in the construction segment.
Similarly, the demand for solar power halls and parabolic troughs in the production
of electricity is expected to propel the solar energy demand in the coming
years.
One of
the noticeable factors contributing to the growth of the Turkey solar energy
market is the rising prices of fossil fuels. The surge in environmental concerns regarding
greenhouse gases and carbon emissions, led to the increasing demand for solar
energy across the country. In
addition, the increasing government initiatives and favorable policies to limit
the harmful effects of toxic gaseous emissions are driving the Turkey solar
energy market.
Browse over XX market data
Figures spread through XX Pages and an in-depth TOC on the “Turkey Solar Energy Market.”
The Turkey
solar energy market is segmented by technology, solar module, application,
end-use, and region. Based on technology, the market is segmented into
photovoltaic systems, and concentrated solar power systems. Based on solar
module, the market is segmented into monocrystalline, polycrystalline, cadmium
telluride, amorphous silicon cells, and others. Based on application, the
market is segmented into residential, commercial, and industrial. Based on
end-use, the market is segmented into electricity generation, lighting,
heating, and charging. Based on region, the market is segmented into the Marmara
region, Central Anatolia, Aegean region, Mediterranean region, Black Sea
region, South-Eastern Anatolia region, and Eastern Anatolia region. Based
on the end-use, the industrial segment is expected to rise at a significant CAGR
during the forecast period due to the rapid growth industrial sector. Solar
energy has a huge potential for application in the industrial segment. Based
on region, Marmara region dominate in the Turkey solar energy market in 2022
due to rapid urbanization, increasingly busy and chaotic lifestyle, the growing
penetration of the internet, and the cumulative acceptance of smartphones are
some of the significant impacts that drive the solar energy market in Turkey.
Furthermore, the existence of an immense youth population and the awakening demand for renewable energy and environmental development are likely to increase the market growth.
Major market players operating in the Turkey solar
energy market are:
- Halk
Enerji Yatırımları Üretim İnşaat Taahhüt Ticaret ve Sanayi A.S
- Asunim
Yenilenebilir Enerji Anonim Şirketi
- GO
Enerji
- HT Solar
Energy J.S.C
- Eko
Renewable Energy Inc.
- Akfen
Renewable Energy
- Ankara
Solar AS
- Solimpeks
Solar Energy Corp.
- Zorlu
Energy Group
- Smart
Solar Technologies
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“The Turkey solar energy
market growth is determined by the rise in environmental pollution and increased
government incentives and tax allowances to install solar panels. Furthermore, the decrease in the water
footprint related to solar power systems has driven their demand in the sectors
of power generation. The solar cells demand has
gained huge traction due to a rise in rooftop installations, which is further
followed by a surge in architectural sector applications. In addition, the
demand for solar power towers and parabolic troughs in the production of
electricity is expected to drive the demand for solar energy across the country,”
said Mr. Karan Chechi, Research Director at TechSci Research, a research-based global
management consulting firm.
Turkey Solar Energy Market By Technology (Photovoltaic Systems, Concentrated Solar Power Systems), By Solar Module (Monocrystalline, Polycrystalline, Cadmium Telluride, Amorphous Silicon Cells, and Others), By Application (Residential, Commercial, and Industrial), By End-Use (Electricity Generation, Lighting, Heating, and Charging), By Region, Competition, Forecast, and Opportunities, 2028 has evaluated the future growth potential of Turkey solar energy market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Turkey solar energy market.
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