Turkey Building Energy Management System Market (2024-2030) | Size, Growth, Share, Outlook, Industry, Forecast, Analysis, Trends, Revenue, Segmentation & COVID-19 IMPACT
Market Forecast By Components & Services(Hardware(Sensors, Controllers, Actuators & Others), Software(Services)), By Technology(Wired, Wireless), By End Users(Residential, Commercial, Industrial), By Applications(Space Heating, Computers & Office Equipment, Lighting, Air Conditioners & Others) and Competitive Landscape.
| Product Code: ETC001804 | Publication Date: Aug 2024 | Updated Date: Aug 2024 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Turkey Building Energy Management System Market Highlights
| Report Name | Turkey Building Energy Management System Market |
| Forecast period | 2024-2030 |
| CAGR | 8.4% |
| Growing Sector | Commercial |
Topics Covered in Turkey Building Energy Management System Market Report
The Turkey Building Energy Management System Market Report thoroughly covers the market by Components & Services, Technology, End Users and Applications. The Turkey Building Energy Management System Market Outlook report provides an unbiased and detailed analysis of the ongoing Turkey Building Energy Management System Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.
Turkey Building Energy Management System Market Synopsis
The Turkey Building Energy Management System Market is expanding at an astonishing rate owing to the rising trend for energy efficiency and sustainability in buildings. In addition, the increasing cost of energy is aiding to drive the market. Key players are investing in advanced technologies to enhance their product offerings and gain a competitive edge. Moreover, rapid progress in technology is fuelling the growth of this market. Overall, the Turkey Building Energy Management System Market offers significant growth and development opportunities.
According to 6Wresearch, the Turkey Building Energy Management System Market is anticipated to grow at a CAGR of 8.4% during 2024-2030. One of the key drivers of the Turkey Building Energy Management System Market is the high demand for energy efficient and sustainable buildings from businesses as well as property owners in order to minimize energy consumption thus lowering greenhouse gas emissions. In addition, favourable government regulations and initiatives to encourage energy conservation are also fuelling market growth. Furthermore, technological developments like the convergence of IoT and AI in building management systems have expanded its functionalities even further. Moreover, increasing energy pricing is incentivizing organizations to look for effective and efficient ways to manage & optimize their electricity use, which increases market demand for Building Energy Management System in Turkey.
However, the Turkey Building Energy Management System Market faces many challenges that hinder its growth. The main challenge is the lack of awareness and education about the savings generated by energy management systems over time to owners or managers. In addition, the initial investment necessary for installation of Building Energy Management System usually costs higher too much to allow smaller businesses access to modern technology. Furthermore, the market also lacks expertise in modelling, implementation and maintenance of complex executing systems which complicates broad adoption.
Turkey Building Energy Management System Market: Leading Players
Key players of Turkey Building Energy Management System Market are Siemens AG, Schneider Electric SE, Honeywell International Inc., Johnson Controls International plc, Eaton Corporation plc and ABB Ltd. These companies have a major presence in the Turkish market and invest heavily into research and development for bringing up new, latest & enhanced Building Energy Management System solutions in the market. In addition, they work with local distributors to broaden their presence in the market.
Turkey Building Energy Management System Market: Government Initiatives
The Turkish government has significantly influenced the growth of the Building Energy Management System Market through strategic initiatives. One such initiative is the National Energy Efficiency Action Plan outlining tactical steps to decrease energy use across various sectors like commercial and residential buildings. In addition, the Green Building Certification program encourages developers to comply with eco-friendly construction standards, thus integrating Building Energy Management Systems into new undertakings. Furthermore, the government presented tax deductions and subsidies for businesses investing in sophisticated energy management technologies. Moreover, the Zero Waste Project initiated by the Ministry of Environment and Urbanization advocates sustainable waste administration practices harmonizing with energy-saving technologies in smart buildings.
Future Insights of the Market
The Turkey Building Energy Management System Market is projected to expand substantially in the coming years. This growth is driven by the increasing trend for energy efficiency and sustainability in buildings. In addition, the increasing cost of energy is also contributing to boost the market. Major players are investing heavily to develop sophisticated technologies that can improve the quality of produce, giving them a competitive advantage. In addition, technological advancements are moving the market forward at a rapid pace. Overall, the future of the Turkey Building Energy Management System Market looks promising, with many opportunities for growth and development.
Market Segmentation by Components & Services
According to Ravi Bhandari, Research Head, 6Wresearch, the software segment is the dominant segment in the industry and will continue to grow in the coming years. This growth is due to the rising need for advanced software solutions enabling real-time monitoring, analysis and control of building energy management systems.
Market Segmentation by Technology
Based on Technology, the wireless technology segment is the leading segment in the industry and will continue to grow in the coming years. This can be attributed to the benefits it provides like easy installation, flexible and less expensive than wired systems.
Market Segmentation by End Users
On the basis of End Users, the commercial segment is the leading segment in the industry and will continue to grow in the coming years. This expansion is due to the rising implementation of Building Energy Management System solutions in commercial buildings seeking to curtail operational expenditures and meet sustainability mandates.
Market Segmentation by Applications
In terms of Applications, the lighting segment is the leading segment in the industry and will continue to grow in the coming years. This growth is due to the rising demand for energy-efficient lighting solutions and the high energy consumption in buildings.
Key Attractiveness of the Report
- 10 Years Market Numbers.
- Historical Data Starting from 2020 to 2023
- Base Year: 2023
- Forecast Data until 2030.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- Turkey Building Energy Management System Market Overview
- Turkey Building Energy Management System Market Outlook
- Turkey Building Energy Management System Market Forecast
- Historical Data of Turkey Building Energy Management System Market Revenues for the Period 2020-2030
- Turkey Building Energy Management System Market Size and Forecast of Revenues, Until 2030
- Historical Data of Turkey Building Energy Management System Market Revenues, by Components and Services, for the Period 2020-2030
- Market Size & Forecast of Turkey Building Energy Management System Market Revenues, by Components and Services, until 2030
- Historical Data of Turkey Building Energy Management System Market Revenues, by Technology, for the Period 2020-2030
- Market Size & Forecast of Turkey Building Energy Management System Market Revenues, by Technology, until 2030
- Historical Data of Turkey Building Energy Management System Market Revenues, by End-User, for the Period 2020-2030
- Market Size & Forecast of Turkey Building Energy Management System Market Revenues, by End-User, until 2030
- Historical Data of Turkey Building Energy Management System Market Revenues, by Application, for the Period 2020-2030
- Market Size & Forecast of Turkey Building Energy Management System Market Revenues, by Application, until 2030
- Market Drivers and Restraints
- Turkey Building Energy Management System Market Trends
- Market Opportunity Assessment
- Turkey Building Energy Management System Market Share, By Players
- Turkey Building Energy Management System Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered
The report offers a comprehensive study of the subsequent market segments:
By Components & Services
- Hardware
- Sensors
- Controllers
- Actuators
- Others
- Software
- Services
By Technology
- Wired
- Wireless
By End Users
- Residential
- Commercial
- Industrial
By Applications
- Space Heating
- Computers & Office Equipment
- Lighting
- Air Conditioners
- Others
Turkey Building Energy Management System Market (2024-2030): FAQs
The market is likely to rise in the future on the back of the increasing demand for energy efficiency and sustainability in buildings, advancements in technology and rising cost of energy, lead to the growth of the Turkey Building Energy Management System Market.
The key challenges faced by the Turkey Building Energy Management System Market includes the lack of awareness and understanding among building owners and managers about the long-term benefits and cost savings associated with energy management systems, high initial investment required for Building Energy Management System installation and shortage of skilled professionals.
Key players operating in the Turkey Building Energy Management System Market includes Siemens AG, Schneider Electric SE, Honeywell International Inc., Johnson Controls International plc, Eaton Corporation plc and ABB Ltd.
Key government initiatives introduced in the Turkey Building Energy Management System Market includes the National Energy Efficiency Action Plan, the Green Building Certification program, introduction of tax deductions and subsidies for businesses investing in sophisticated energy management technologies and the Zero Waste Project.
| 1. Executive Summary |
| 2. Introduction |
| 2.1 Report Description |
| 2.2 Key Highlights |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3. Turkey Building Energy Management System Market Overview |
| 3.1 Turkey Building Energy Management System Market Revenues and Volume, 2020-2030F |
| 3.2 Turkey Building Energy Management System Market Revenue Share, By Components & Services, 2020 & 2030F |
| 3.3 Turkey Building Energy Management System Market Revenue Share, By Technology, 2020 & 2030F |
| 3.4 Turkey Building Energy Management System Market Revenue Share, By End Users, 2020 & 2030F |
| 3.5 Turkey Building Energy Management System Market Revenue Share, By Applications, 2020 & 2030F |
| 3.6 Turkey Building Energy Management System Market - Industry Life Cycle |
| 3.7 Turkey Building Energy Management System Market - Porter’s Five Forces |
| 4. Turkey Building Energy Management System Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5. Turkey Building Energy Management System Market Trends |
| 6. Turkey Building Energy Management System Market Overview, by Components & Services |
| 6.1 Turkey Hardware Building Energy Management System Market Revenues and Volume, 2020-2030F |
| 6.2 Turkey Software Building Energy Management System Market Revenues and Volume, 2020-2030F |
| 6.3 Turkey Services Building Energy Management System Market Revenues and Volume, 2020-2030F |
| 7. Turkey Building Energy Management System Market Overview, by Technology |
| 7.1 Turkey Building Energy Management System Market Revenue and Volumes, By Wired, 2020-2030F |
| 7.2 Turkey Building Energy Management System Market Revenue and Volumes, By Wireless, 2020-2030F |
| 8. Turkey Building Energy Management System Market Overview, by End User |
| 8.1 Turkey Building Energy Management System Market Revenue and Volumes, By Residential, 2020-2030F |
| 8.2 Turkey Building Energy Management System Market Revenue and Volumes, By Commercial, 2020-2030F |
| 8.3 Turkey Building Energy Management System Market Revenue and Volumes, By Industrial, 2020-2030F |
| 9. Turkey Building Energy Management System Market Overview, by Application |
| 9.1 Turkey Building Energy Management System Market Revenue and Volumes, By Space Heating, 2020-2030F |
| 9.2 Turkey Building Energy Management System Market Revenue and Volumes, By Computer & Office Equipment, 2020-2030F |
| 9.3 Turkey Building Energy Management System Market Revenue and Volumes, By Lighting, 2020-2030F |
| 9.4 Turkey Building Energy Management System Market Revenue and Volumes, By Air Conditioner, 2020-2030F |
| 9.5 Turkey Building Energy Management System Market Revenue and Volumes, By Others, 2020-2030F |
| 10. Turkey Building Energy Management System Market Key Performance Indicators |
| 11. Turkey Building Energy Management System Market Opportunity Assessment |
| 11.1 Turkey Building Energy Management System Market Opportunity Assessment, By Components & Services, 2030F |
| 11.2 Turkey Building Energy Management System Market Opportunity Assessment, By Technology, 2030F |
| 11.3 Turkey Building Energy Management System Market Opportunity Assessment, By End-user, 2030F |
| 11.4 Turkey Building Energy Management System Market Opportunity Assessment, By Application, 2030F |
| 12. Turkey Building Energy Management System Market Competitive Landscape |
| 12.1 Turkey Building Energy Management System Market By Companies, 2023 |
| 12.2 Turkey Building Energy Management System Market Competitive Benchmarking, By Operating Parameters |
| 13. Company Profiles |
| 14. Key Strategic Recommendations |
| 15 . Disclaimer |
Market Forecast By Components & Services(Hardware(Sensors, Controllers, Actuators & Others), Software(Services)), By Technology(Wired, Wireless), By End Users(Residential, Commercial, Industrial), By Applications(Space Heating, Computers & Office Equipment, Lighting, Air Conditioners & Others) and Competitive Landscape.
| Product Code: ETC001804 | Publication Date: Mar 2020 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Topics Covered in the Turkey Building Energy Management System Market
Turkey Building Energy Management System Market report thoroughly covers the market by components & services, by technology, by end users, and by applications. The market outlook 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 Building Energy Management System Market
Turkey Building Energy Management System Market has been experiencing significant growth in the country underpinned by the rising adoption of technically advanced building energy management systems to enhance energy consumption. Additionally, the rising smart city development in the country is estimated to boost the BESM demand. Moreover, the rising retrofitting activities across various sectors with the rising awareness about the BEMS benefits is estimated to be one of the great opportunities for market expansion. Additionally, the rising investment by companies in installing cloud-based and other smart technologies enabled BEMS to optimize energy usage with greater flexibility. This factor is also one of the leading factors bolstering the Turkey Building Energy Management System Market growth in the country.
Turkey Building Energy Management System Market Synopsis
Turkey Building Energy Management System Market is estimated to register sound growth in the country on the back of the rising electricity cost, especially in commercial and industrial sectors with a high use of energy, this drives the BEMS installations to reduce energy costs. Furthermore, the rising companies' investment in widening their product profile that will allow users more efficiently and effectively optimization of electricity consumption.
According to 6Wresearch, the Turkey Building Energy Management System Market size is anticipated to grow at a higher rate during 2020-2026. The market has been growing in the country underpinned by the rising government initiatives promoting the use of energy-saving systems like BEMS to reduce carbon footprints rate. Additionally, the integration of advanced technologies like AI and machine learning that allow users to control remotely and effectively through real-time monitoring data is one of the trends creating an opportunity for the significant growth of the Turkey Building Energy Management System industry. On the other side, high installation and retrofitting costs are posing some constraints to market growth. In response to these challenges, advancements in sensor technologies will create a new opportunity for market growth underpinned by optimizing energy usage across several sectors such as commercial buildings, retail stores, and hospitals is one of the major factors widening the market landscape.
COVID-19 Impact on the Turkey Building Energy Management System Market
The COVID-19 impact had a significant influence on the Turkey Building Energy Management System Market. The pandemic resulted in several strict measures such as restrictions on trade practices led to a slowdown in the product supply. In addition to this, financial crisis also affected the purchase of the BEMS. All these factors had affected the market growth at a massive rate.
Key Players in the Turkey Building Energy Management System Market
Some prominent key players are mentioned below in the list:
- Schneider Electric SE. is one of the leading companies who provides a spectrum range of building energy management solutions to reduce energy wastage.
- Honeywell International Inc. is another prominent company in the country, that offers advanced automation solutions for commercial and industrial buildings.
- Siemens AG is a leading player with a strong market presence in the country, who deals in advanced automation ranges for commercial and industrial sectors.
- Johnson Controls International plc is one of the leading players in the country, which has a strong market presence in offering building energy management solutions.
Market Analysis by Components & Services
According to Ravi Bhandari, Research Head, 6WResearch, all the segments are driving market growth, however, advancements in sensor technology, the emergence of IoT (Internet of Things), and the integration of BEMS, followed by various growth factors such as increasing awareness of energy saving and a rise in the need for sustainable building solutions.
Key attractiveness of the report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2016 to 2019.
- Base Year: 2019.
- Forecast Data until 2026.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Turkey Building Energy Management System Market Overview
- Turkey Building Energy Management System Market Outlook
- Turkey Building Energy Management System Market Forecast
- Historical Data of Turkey Building Energy Management System Market Revenues for the Period 2016-2026
- Turkey Building Energy Management System Market Size and Forecast of Revenues, Until 2026
- Historical Data of Turkey Building Energy Management System Market Revenues, by Components and Services, for the Period 2016-2026
- Market Size & Forecast of Turkey Building Energy Management System Market Revenues, by Components and Services, until 2026
- Historical Data of Turkey Building Energy Management System Market Revenues, by Technology, for the Period 2016-2026
- Market Size & Forecast of Turkey Building Energy Management System Market Revenues, by Technology, until 2026
- Historical Data of Turkey Building Energy Management System Market Revenues, by End-User, for the Period 2016-2026
- Market Size & Forecast of Turkey Building Energy Management System Market Revenues, by End-User, until 2026
- Historical Data of Turkey Building Energy Management System Market Revenues, by Application, for the Period 2016-2026
- Market Size & Forecast of Turkey Building Energy Management System Market Revenues, by Application, until 2026
- Market Drivers and Restraints
- Turkey Building Energy Management System Market Trends
- Market Opportunity Assessment
- Turkey Building Energy Management System Market Share, By Players
- Turkey Building Energy Management System Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered
The Turkey Building Energy Management System market report provides a detailed analysis of the following market segments:
By Components & Services
- Hardware
- Sensors
- Controllers
- Actuators
- Others
- Software
- Services
By Technology
- Wired
- Wireless
By End Users
- Residential
- Commercial
- Industrial
By Applications
- Space Heating
- Computers & Office Equipment
- Lighting
- Air Conditioners
- Others
Pricing
- Single User License$ 1,995
- Department License$ 2,400
- Site License$ 3,120
- Global License$ 3,795
Search
Related Reports
- Cogeneration Equipment Market (2024-2030) | Revenue, Analysis, Trends, Value, Outlook, Companies, Forecast, Share, Industry, Size & Growth
- Carbon Credit Market (2024-2030) | Trends, Value, Revenue, Outlook, Forecast, Size, Analysis, Growth, Industry, Share, Segmentation
- Chocolate Market (2024-2030) | Size, Value, Industry, Share, Revenue, Forecast, Trends, Growth, Analysis
- Czech Republic Crude Sulfate Turpentine Market Outlook | Size, Forecast, Growth, Share, Analysis, Trends, Value, Companies, COVID-19 IMPACT, Revenue & Industry
- Poland Crude Sulfate Turpentine Market Outlook | Revenue, Value, Share, Growth, Forecast, COVID-19 IMPACT, Size, Industry, Analysis, Trends & Companies
- Germany Stainless Steel Commercial Kitchen Appliances Market (2024-2030) | Segmentation, Growth, Outlook, Share, Analysis, Industry, Companies, Value, Size & Revenue, Forecast, Trends
- Bus Market (2024-2030) | Trends, Size, Value, Forecast, Growth, Share, Companies, Analysis, Revenue & Industry
- Canned Food Market (2024-2030) | companies, industry, Size, Share, Revenue, Forecast, Trends, Analysis, Growth, Value, Outlook
- India Video Surveillance Market (2024-2030) | Size, industry, Share, Trends, Revenue, Analysis, Forecast, Growth, Value, Outlook
- India Air Conditioner (AC) Market (2024-2030) | Share, Size, Growth, Industry, Segmentation, Trends, Value, Revenue, Analysis & Outlook
Industry Events and Analyst Meet
EV INDIA EXPO 2024
Automechanika Dubai
The Arab Desk
Smart Home Expo 2025
Print Expo 2024
Our Clients
Whitepaper
- Middle East & Africa Commercial Security Market Click here to view more.
- Middle East & Africa Fire Safety Systems & Equipment Market Click here to view more.
- GCC Drone Market Click here to view more.
- Middle East Lighting Fixture Market Click here to view more.
- GCC Physical & Perimeter Security Market Click here to view more.
6WResearch In News
- India's Printer Market Faces 20.7% Decline in Q4 2023: Epson and HP Lead Amidst Downturn
- India's Camera Market Sees 8.9% Decline in Q4 2023; Canon Leads with 38.4% Share
- Doha a strategic location for EV manufacturing hub: IPA Qatar
- Demand for luxury TVs surging in the GCC, says Samsung
- Empowering Growth: The Thriving Journey of Bangladesh’s Cable Industry
- The future of gaming industry in the Philippines
