Market Forecast By KVA Rating (5 KVA-75 KVA, 75.1 KVA-375 KVA, 375.1 KVA-750 KVA, 750.1 KVA-1000 KVA And Above 1000 KVA), By Applications (Residential, Commercial, Industrial, Transportation & Public Infrastructure), And Competitive Landscape
Product Code: ETC001038 | Publication Date: Dec 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Turkey Diesel Genset market currently, in 2023, has witnessed an HHI of 2252, Which has increased slightly as compared to the HHI of 2008 in 2017. The market is moving towards moderately competitive. 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 fewer numbers of players or countries exporting in the market.
Turkey Diesel Genset Market report thoroughly covers the market by KVA rating and application. 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.
Turkey Diesel Genset Market is expected to grow in the forecast period on the account of the country's continuous economic growth has led to an increase in the demand for power, which has, in turn, triggered a rise in the usage of diesel gensets. The Turkey diesel genset market is expected to grow significantly as a result of the increasing demand for electricity and power generation in the country. The demand for generators is increasing across various sectors such as construction, healthcare, data centres, and industries. The need for power backup equipment is due to the frequent power outages in the country. Moreover, natural calamities can also cause electricity disruptions, and thus backup generators become a necessity.
According to 6Wresearch, the Turkey Diesel Genset Market size is projected to grow at the CAGR of 9% during the forecast period of 2025-2031. The growth of the Turkey diesel genset market is driven by various factors, including the need for backup power in the daily activities of businesses, homes, hospitals, and industries. The increasing demand for electricity in the country due to a growing population and urbanization is also a significant driver. Furthermore, the rise in renewable energy adoption in the country is also driving the growth of the diesel genset market. Renewables like wind and solar require diesel gensets as an alternative source of power when they cannot generate electricity. This has led to increased penetration of diesel generators, especially in rural and off-grid areas. The tourism sector, which is a vital contributor to the country's GDP, is also driving the Turkey Diesel Genset Market Growth. Turkey has been receiving a large number of tourist arrivals, and this has led to the growth of the hospitality sector, which requires constant power supply. Despite the growth prospects, the Turkish diesel genset market is facing several challenges such as environmental concerns, high maintenance costs, and a shortage of skilled technicians. The generators powered by diesel fuels produce harmful emissions that can pollute the environment. This has led to an increasing demand for alternative gensets such as natural gas and solar-powered gensets. Additionally, diesel gensets require frequent maintenance which can lead to high operational cost and this major factor has led to sharp decline in Turkey Diesel Genset Market Share.
The Turkish government has been taking several initiatives to support the growth of the diesel genset market. In 2016, the government announced a tax exemption for diesel gensets with a capacity of up to 500 KVA, which led to a surge in demand for gensets in the commercial and residential sectors. Additionally, the government has also been promoting renewable energy sources such as solar and wind energy to reduce the dependence on fossil fuels. The Turkish government has implemented several regulations, incentives, and initiatives to promote the use of renewable energy and reduce the carbon footprint of industries. One of these initiatives is the National Energy Efficiency Action Plan, which aims to improve energy efficiency. Additionally, the government has introduced various subsidies and incentives for companies that use renewable energy and reduce energy consumption.
The Turkish Diesel Genset Industry is highly competitive, with several local and international players operating in the market. The major players in the market are Caterpillar Inc., Cummins Inc., Kirloskar Oil Engines Limited, Mitsubishi Heavy Industries, Ltd., and others. These players offer a wide range of gensets with varying power ratings to cater to the diverse demands of the market.
According to Ravi Bhandari, Research Head, 6Wresearch, the Turkey diesel genset market can be segmented based on kVA ratings, which is the measure of the generator's power output. The lower kVA rating segment (5kVA-75kVA) of the market is expected to grow at a faster rate as it caters to the needs of small businesses, residential areas, and mini-industries.
The Diesel Genset Market in Turkey categorized by its applications: residential, commercial, industrial, and transportation & public infrastructure. The commercial application of diesel gensets is predicted to drive market growth during the forecast period. The commercial sector relies heavily on diesel gensets of a wide range of kVA ratings due to their characteristics of high performance, low maintenance, and low emissions. Diesel gensets are needed in this sector to cater to the demand for backup power supply during power outages, particularly in retail chains, banks, and shopping malls.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Turkey Diesel Genset Market Overview |
3.1 Turkey Country Macro Economic Indicators |
3.2 Turkey Diesel Genset Market Revenues & Volume, 2021 & 2031F |
3.3 Turkey Diesel Genset Market- Industry Life Cycle |
3.4 Turkey Diesel Genset Market- Porter's Five Forces |
3.5 Turkey Diesel Genset Market Revenues & Volume Share, By KVA rating , 2024& 2031F |
3.6 Turkey Diesel Genset Market Revenues & Volume Share, By Application 2024 & 2031F |
4 Turkey Diesel Genset Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Turkey Diesel Genset Market Trends |
6. Turkey Diesel Genset Market, By KVA Ratings |
6.1 Turkey Diesel Genset Market Revenues & Volume, By 5 KVA-75 KVA 2021 & 2031F |
6.2 Turkey Diesel Genset Market Revenues & Volume, By 75.1 KVA-375 KVA, 2021 & 2031F |
6.3 Turkey Diesel Genset Market Revenues & Volume, By 375.1 KVA-750 KVA, 2021 & 2031F |
6.3 Turkey Diesel Genset Market Revenues & Volume, By 750.1 KVA-1000 KVA , 2021 & 2031F |
6.3 Turkey Diesel Genset Market Revenues & Volume, By Above 1000 KVA, 2021 & 2031F |
7 Turkey Diesel Genset Market, By Application |
7.1 Turkey Diesel Genset Market Revenues & Volume, By Residential, 2021 & 2031F |
7.2 Turkey Diesel Genset Market Revenues & Volume, By Commercial, 2021 & 2031F |
7.3 Turkey Diesel Genset Market Revenues & Volume, By Industrial, 2021 & 2031F |
7.3 Turkey Diesel Genset Market Revenues & Volume, By Transportation & public Infrastructure 2021 & 2031F |
8 Turkey Diesel Genset Market Import-Export Trade Statistics |
8.1 Turkey Diesel Genset Market Export to Major Countries |
8.2 Turkey Diesel Genset Market Imports from Major Countries |
9 Turkey Diesel Genset Market Key Performance Indicators |
10 Turkey Diesel Genset Market- Opportunity Assessment |
10.1 Turkey Diesel Genset Market Opportunity Assessment, By KVA rating , 2031 |
10.2 Turkey Diesel Genset Market Opportunity Assessment, By Application, 2031 |
11 Turkey Diesel Genset Market- Competitive Landscape |
11.1 Turkey Diesel Genset Market Revenue Share, By Companies, 2024 |
11.2 Turkey Diesel Genset Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |
By kVA ratings(5 kVA to 75 kVA, 75 kVA to 375 kVA, 375 kVA to 750 kVA, 750 kVA to 1000 kVA & Above 1000 kVA), By Applications(Commercial (Hospitality, BFSI, IT & ITES, Construction, Offices), Industrial, Residential, Transport and Public Infrastructure) and Competitive Landscape.
Product Code: ETC001038 | Publication Date: Sep 2019 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Turkey diesel genset market is growing sluggishly owing to the recession from the end of 2018, which has led to decline in all major activities such as construction and logistics. However, the government of Turkey is focusing on supporting the construction sector by the means of transformative measures and regulations. As a result, Turkey diesel genset market would witness substantial growth during the forecast period.
According to 6Wresearch, Turkey Diesel Genset Market size is projected to grow at a CAGR of 2.8% during 2019-25. In 2018, the construction activity was weak in Turkey primarily due to liquidity crisis and devaluation of currency, leading to a slowdown in the demand of diesel genset. However, with anticipated rise in investment across the residential, infrastructure, commercial and industrial projects, the Turkey diesel genset market is expected to recover during the forecast period.
Diesel genset with 375 kVA to 750 kVA rating accounts for the highest revenue share in the overall market and is expected to maintain its dominance during the forecast period. Owing to heavy usage in commercial and industrial projects.
Turkey diesel generator market report thoroughly covers market by kVA ratings, verticals and regions. Turkey diesel genset market outlook report provides an unbiased and detailed analysis of the on-going Turkey diesel genset 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.
Key Highlights of the Reports
Markets Covered:
The Turkey Diesel Genset Market report provides detailed analysis of the following market segments: