Turkey Electrical Materials Market by Type (Circuit Breakers, Light Switches, Plugs & Sockets, Voltage Switcher, Cable Management, Cable Duct, Electrical Conduit, and Others), By End-Use Industry (Industrial, Commercial, and Residential), By Region, Competition, Forecast & Opportunities, 2028F

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Report Description

Turkey electrical materials market is anticipated to grow at a high CAGR during the forecast period of 2024-2028. The market is anticipated to grow as organizations become more data-driven. Electrical materials have become a critical tool for businesses to make educated choices. The Turkey electrical materials market has had tremendous growth in recent years and is projected to continue at this rate over the next couple of years.

The Turkey electrical materials market is rapidly growing and has become a significant contributor to the country's economy. Turkey has a significantly rising economy with an increasing electricity demand. The market is driven by growth in the construction and manufacturing sectors and a rising number of infrastructure projects.

Turkey's electrical material market has evolved into a dynamic and thriving industry. This market encompasses a wide range of products, including cables, wires, transformers, switchgear, lighting, and various other components necessary for the generation, transmission, and distribution of electricity. the country has made significant strides in diversifying its energy mix, which has fueled the demand for electrical materials. Renewable energy sources, such as wind, solar, and hydropower have witnessed considerable investments, requiring advanced electrical equipment to harness and distribute clean energy. Consequently, the electrical material market has experienced a surge in demand, promoting sustainable energy practices and reducing reliance on fossil fuels.

Growing Demand for Electricity

The growing demand for electricity in Turkey is a key driver for the expansion of the electrical materials market. The demand for electricity in the country is increasing rapidly due to population growth, urbanization, and expansion of the manufacturing sector. The government is investing in the development of power generation capacity, including renewable energy sources, which is driving the demand for electrical equipment, such as transformers, switchgear, and other related products. In addition, Turkey is a fast-growing economy with a strong focus on infrastructure development, including the construction of highways, bridges, and public transportation systems, which require significant amounts of electrical materials. In addition, government initiatives to improve energy efficiency and sustainability are driving demand for high-quality, energy-efficient electrical materials.

Overall, the growing demand for electricity in Turkey is creating significant opportunities for the electrical materials market, with companies focusing on innovation and development to meet the changing needs of the market. This trend is expected to continue as the country continues to develop and modernize its infrastructure and industry, further boosting demand for electrical materials. The demand for electricity in Turkey is increasing rapidly due to population growth and urbanization. The government is investing in the development of power generation capacity, which is driving the demand for electrical equipment.

Expansion of Manufacturing Sector

The expansion of the manufacturing sector is a key driver for the growth of the electrical materials market in Turkey. The manufacturing sector is a significant contributor to the country's economy, and its growth has led to an increased demand for electrical materials, such as motors, transformers, and switchgear. As Turkey continues to position itself as a major manufacturing hub, the demand for electrical materials is expected to grow even further. The manufacturing sector requires reliable and high-quality electrical equipment to power its operations. There is a growing need for innovative electrical materials that can meet the specific requirements of the industry.

Moreover, the expansion of the manufacturing sector is driving the demand for automation and smart manufacturing technologies, which require advanced electrical equipment and components. This trend is driving the development of new electrical materials that are designed to be more energy-efficient, reliable, and flexible to cater to the needs of the manufacturing industry. Turkey's rapid urbanization has fueled the need for robust and reliable electrical infrastructure. The government's focus on developing modern cities, transportation networks, and industrial zones has created substantial opportunities for the electrical material market. As urban areas continue to expand, there is a growing need for electrical materials to support residential, commercial, and industrial construction projects. The market supplies high-quality cables, wires, and electrical components that ensure safe and efficient energy distribution, enabling urban spaces to flourish.

Overall, the expansion of the manufacturing sector has surfaced as a significant driver for the growth of the electrical materials market in Turkey, creating opportunities for local and international manufacturers to expand their operations and develop innovative products to meet the changing needs of the market.

Surge in Infrastructural Development

Turkey's electrical materials market is an essential part of the country's infrastructure development, which is driven by the government's efforts to improve the quality of life and support economic growth. The industry is responsible for providing necessary electrical materials, equipment, and services required for the construction and maintenance of infrastructure projects, such as power plants, transmission lines, and distribution networks. Infrastructure development is a key driver of economic growth and development.

The Turkey government has identified infrastructure development as a critical factor in achieving economic goals and has launched several initiatives to support it. The country's infrastructure development plan includes the construction of highways, railways, airports, seaports, and power plants. The growth of this market is also driven by the increasing demand for electricity from consumers. Turkey is witnessing a growing population, increasing urbanization, and a rising economy. This growth is driving the electricity demand, which is expected to continue in the coming years. This growth in demand is driving the construction of new power plants, and transmission and distribution networks, which in turn, is driving the need for electrical materials and equipment.

The Turkey electrical material market is a vibrant and integral component of the nation's progress. It empowers connectivity, fuels sustainable energy practices, and drives technological innovation. As the country continues its journey toward economic prosperity and modernization, the electrical material market will remain pivotal, catalyzing the efficient and reliable distribution of electricity. With a commitment to safety, quality, and global competitiveness, this market is poised to thrive and contribute to Turkey's overall growth and development for years to come.

Recent Developments

· In April 2022, Alkanlar A.Ş. serves a wide audience with 70% of its sales for the domestic market and 30% for export. It announced that it is happy to supply products of world-famous brands, for which it is the reseller. "Sinpas Kizilbuk Project" developed by Sinpas GYO is being built as a thermal power facility. The project includes 555 apartments; 0+1 apartment is 59-98m2 wide, 1+1 apartment is 120-126m2 wide, 2+1 apartment is 142-182m2 wide, and 3+1 apartment is 216-270m2 wide.

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Market Segments

The Turkey electrical materials market is segmented into Type, end-use industry, and region. Based on type, the market is segmented into circuit breakers, light switches, plugs & sockets, voltage switcher, cable management, cable duct, electrical conduit, and others. Based on end-use industry, the market is fragmented into industrial, commercial, and residential. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Marmara, Central Anatolia, Mediterranean, Aegean, Southeastern Anatolia, Black Sea, and Eastern Anatolia.

Market Players

Key players in the Turkey electrical materials market are MAKEL ELEKTRIK MALZEMELERI SANAYI VE TICARET A.S., VTEK ELEKTRIK İTH. İHR. SAN. VE. TIC. LTD, Endüstriyel Elektrik Elektronik A.Ş, Legrand A.Ş., EATON: ELEKTRIK VE ENDÜSTRIYEL | GÜÇ YÖNETIMI ÇÖZÜMLERI, EAE Elektrik Asansör Endüstrisi İnşaat San. ve Tic. A.Ş., AN-EL Anahtar ve Elektrik Ev Aletleri San. A.S, ÜNAL KABLO INC, Siemens Türkiye ile ulaşıyor, and Schneider Elektrik A.S. To achieve good market growth, businesses that are active in the market employ various organic tactics, such as product launches, mergers, and partnerships.

Attribute	Details
Base Year	2022
Historic Data	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028
Report Coverage	Revenue forecast, company share, growth factors, and trends
Segments Covered	By Type By End-Use Industry By Region
Regional Scope	Marmara, Central Anatolia, Mediterranean, Aegean, Southeastern Anatolia, Black Sea, Eastern Anatolia
Key Companies Profiled	MAKEL ELEKTRIK MALZEMELERI SANAYI VE TICARET A.S., VTEK ELEKTRIK İTH. İHR. SAN. VE. TIC. LTD, Endüstriyel Elektrik Elektronik A.Ş, Legrand A.Ş., EATON: ELEKTRIK VE ENDÜSTRIYEL \| GÜÇ YÖNETIMI ÇÖZÜMLERI, EAE Elektrik Asansör Endüstrisi İnşaat San. ve Tic. A.Ş., AN-EL Anahtar ve Elektrik Ev Aletleri San. A.S, ÜNAL KABLO INC, Siemens Türkiye ile ulaşıyor, Schneider Elektrik A.S.
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
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Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, the Turkey electrical materials market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

Electrical Materials Market, By Type

Circuit Breakers
Light Switches
Plugs & Sockets
Voltage Switcher
Cable Management
Cable Duct
Electrical Conduit
Others

Electrical Materials Market, By End-Use Industry

Industrial
Commercial
Residential

Electrical Materials Market, By Region:

o Marmara

o Central Anatolia

o Mediterranean

o Aegean

o Southeastern Anatolia

o Black Sea

o Eastern Anatolia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Turkey electrical materials market.

Available Customizations:

With the given market data on the Turkey electrical materials market, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

The Turkey electrical materials market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Service Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

4. Voice of Customer

5. Turkey Electrical Materials Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Type (Circuit Breakers, Light Switches, Plugs & Sockets, Voltage Switcher, Cable Management, Cable Duct, Electrical Conduit, Others)

5.2.2. By End-Use Industry (Industrial, Commercial, Residential)

5.2.3. By Region (Marmara, Central Anatolia, Mediterranean, Aegean, Southeastern Anatolia, Black Sea, Eastern Anatolia)

5.2.4. By Company

5.3. Market Map

6. Marmara Region Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type

6.2.2. By End-Use Industry

7. Central Anatolia Region Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By End-Use Industry

8. Mediterranean Region Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By End-Use Industry

9. Aegean Region Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Type

9.2.2. By End-Use Industry

10. Southeastern Anatolia Region Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type

10.2.2. By End-Use Industry

11. Black Sea Region Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Type

11.2.2. By End-Use Industry

12. Eastern Anatolia Region Market Outlook

12.1. Market Size & Forecast

12.1.1. By Value

12.2. Market Share & Forecast

12.2.1. By Type

12.2.2. By End-Use Industry

13. Market Dynamics

13.1. Drivers

13.2. Challenges

14. Market Trends & Developments

15. Policy & Regulatory Landscape

16. Turkey Earthquake and Russia-Ukraine War Impact

17. Turkey Economic Profile

18. Company Profiles

18.1. MAKEL ELEKTRIK MALZEMELERI SANAYI VE TICARET A.S.

18.1.1. Business Overview

18.1.2. Key Revenue (If Available)

18.1.3. Recent Developments

18.1.4. Key Personnel

18.1.5. Key Product/Service Offered

18.2. VTEK ELEKTRIK İTH. İHR. SAN. VE. TIC. LTD

18.2.1. Business Overview

18.2.2. Key Revenue (If Available)

18.2.3. Recent Developments

18.2.4. Key Personnel

18.2.5. Key Product/Service Offered

18.3. AN-EL ANAHTAR VE ELEKTRIK EV ALETLERI SAN. A.S

18.3.1. Business Overview

18.3.2. Key Revenue (If Available)

18.3.3. Recent Developments

18.3.4. Key Personnel

18.3.5. Key Product/Service Offered

18.4. EAE Elektrik Asansör Endüstrisi İnşaat San. ve Tic. A.Ş.

18.4.1. Business Overview

18.4.2. Key Revenue (If Available)

18.4.3. Recent Developments

18.4.4. Key Personnel

18.4.5. Key Product/Service Offered

18.5. Ünal Kablo Inc

18.5.1. Business Overview

18.5.2. Key Revenue (If Available)

18.5.3. Recent Developments

18.5.4. Key Personnel

18.5.5. Key Product/Service Offered

18.6. Endüstriyel Elektrik Elektronik A.Ş

18.6.1. Business Overview

18.6.2. Key Revenue (If Available)

18.6.3. Recent Developments

18.6.4. Key Personnel

18.6.5. Key Product/Service Offered

18.7. Legrand A.Ş.

18.7.1. Business Overview

18.7.2. Key Revenue (If Available)

18.7.3. Recent Developments

18.7.4. Key Personnel

18.7.5. Key Product/Service Offered

18.8. Siemens Türkiye ile ulaşıyor

18.8.1. Business Overview

18.8.2. Key Revenue (If Available)

18.8.3. Recent Developments

18.8.4. Key Personnel

18.8.5. Key Product/Service Offered

18.9. EATON: ELEKTRIK VE ENDÜSTRIYEL | GÜÇ YÖNETIMI ÇÖZÜMLERI

18.9.1. Business Overview

18.9.2. Key Revenue (If Available)

18.9.3. Recent Developments

18.9.4. Key Personnel

18.9.5. Key Product/Service Offered

18.10. Schneider Elektrik A.S

18.10.1. Business Overview

18.10.2. Key Revenue (If Available)

18.10.3. Recent Developments

18.10.4. Key Personnel

18.10.5. Key Product/Service Offered

19. Strategic Recommendations

19.1. Fastest Growing Market by Type

19.2. Dominating Market by End User Industry

19.3. Dominating Market by Region & Country

20. About Us & Disclaimer

Figures and Tables

Frequently asked questions

Who are the key players in the Turkey electrical materials market?

Key players in this market are MAKEL ELEKTRIK MALZEMELERI SANAYI VE TICARET A.S., VTEK ELEKTRIK İTH. İHR. SAN. VE. TIC. LTD, Endüstriyel Elektrik Elektronik A.Ş, Legrand A.Ş., Eaton: Elektrik ve Endüstriyel | Güç yönetimi çözümleri, EAE Elektrik Asansör Endüstrisi İnşaat San. ve Tic. A.Ş., AN-EL Anahtar ve Elektrik Ev Aletleri San. A.S, Ünal Kablo Inc, Siemens Türkiye ile ulaşıyor, and Schneider Elektrik A.S.

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Press Release

Turkey Electrical Materials Market to be Led by Expansion of Construction and Manufacturing Sectors by 2028

Aug, 2023

The Turkey market for electrical materials will be driven by the rising need for smart grid technologies and renewable energy sources between 2024 and 2028.