Turkey Wires & Cables Market (2020-2026) | Size, Companies, Analysis, COVID-19 IMPACT, Outlook, Revenue, Forecast, Industry, Share, Trends, Value & Growth

The latest development (2023) of the Turkey Wires & Cables Market

Turkey Wires and Cables Market is witnessing steady growth on account of increasing demand for cables used in electrical transmission and distribution systems, communication networks, industrial machinery, building wiring systems, and consumer electronics. This factor is driving the growth of the cables & wires market in the country.  The government of the country has made several changes towards the regulations and standards for Wires & Cables over recent years that will allow the major development of various products into markets.  The latest technologies such as FTTX (fibre-to-the-home) are being adopted by the population to increase internet speeds up to 100 times faster than traditional copper wire broadband systems while reducing the cost associated with installation of the wires cables.

Topics Covered in Turkey Wires & Cables Market Report

Turkey Wires & Cables Market report thoroughly covers the market by voltage, installation and end user. The 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 Wires & Cables Market is projected to grow over the coming year. The Turkey Wires & Cables Market report is a part of our periodical regional publication Middle East Wires & Cables Market Outlook report. 6W tracks the Wires & Cables market for over 60 countries with individual country-wise market opportunity assessments and publishes the report titled Global Wires & Cables Market Outlook report annually.

Turkey Wires & Cables Market Synopsis

Turkey Wires & Cables Market is anticipated to generate sound revenues during the upcoming years owing to the strengthening of the construction sector. The surging population coupled with the rising establishment of business hubs and industries are driving the Turkey Wires & Cables Market Growth. The surging investment in smart grid coupled with rising penetration towards distribution and transmission of electric power beholds the development of the industry.

According to 6Wresearch, Turkey Wires & Cables Market size is likely to register growth during 2020-2026. The growth of the energy sector is the key reason for the growth of the market. The adoption of solar and wind farms, which require specialized cables for power generation and transmission have propelled the growth of the market. Rapid urbanization in the country and the construction of residential and commercial buildings have fuelled the demand for low-voltage cables used in electrical wiring. The focus of the government of the country on industrialization and the growth of various industries such as manufacturing, automotive, and electronics, have bolstered the demand for cables used in industrial applications. Certain challenges exist in the market. The prevalence of economic Uncertainty in the country has hindered the growth of the market. The adoption of wireless technologies has led to a reduction in demand for traditional wires & cables. The market is a part of the Middle East Wires & Cables Market and these factors have negatively affected the development of the market.

COVID-19 Impact on Turkey Wires & Cables Market

The sudden outbreak of the COVID-19 pandemic harmed the Turkey Wires & Cable Industry, and it caused disruptions and challenges across various sectors across the globe. The pandemic led to lockdowns, travel restrictions, and disruptions in the supply chains and this factor hugely affected the demand for the wires &cables. The unfavourable economic conditions and uncertainties surrounding the pandemic added to the challenges faced by the market. The increased demand for data transmission and telecommunication services during the pandemic due to the emergence of remote work culture and the growth of digital platforms played a vital role to overcome the ill effects of the virus.

Turkey Wires & Cables Market: Key players

• Prysmian Group
• Nexans Turkey
• LS Cable & System
• General Cable Corporation
• Türk Prysmian Kablo ve Sistemleri A.?.
• Elimsan Group
• NKT Turkey Kablo
• Gebze Kablo
• EAE Elektrik A.?.
• Birta? Kablo

These are the notable players in the Wires & Cables Market in Turkey who have a significant presence in the market.

Market by Voltage

According to Ravi Bhandari, Research Manager, 6Wresearch the low voltage segment is expected to dominate the market due to its use in industrial buildings.

Market by Installation

Based on the installation the market is segmented into Overhead and Underground. The overhead segment will witness growth in the forecast year due to its major use in the electrification of rural areas and this major factor will lead to a significant rise in Turkey Wires & Cables Market Share.

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 Wires & Cables Market Outlook
• Market Size of Turkey Wires & Cables Market, 2019
• Forecast of Turkey Wires & Cables Market, 2026
• Historical Data and Forecast of Turkey Wires & Cables Revenues & Volume for the Period 2016 - 2026
• Turkey Wires & Cables Market Trend Evolution
• Turkey Wires & Cables Market Drivers and Challenges
• Turkey Wires & Cables Price Trends
• Turkey Wires & Cables Porter's Five Forces
• Turkey Wires & Cables Industry Life Cycle
• Historical Data and Forecast of Turkey Wires & Cables Market Revenues & Volume By Voltage for the Period 2016 - 2026
• Historical Data and Forecast of Turkey Wires & Cables Market Revenues & Volume By Low Voltage for the Period 2016 - 2026
• Historical Data and Forecast of Turkey Wires & Cables Market Revenues & Volume By Medium Voltage for the Period 2016 - 2026
• Historical Data and Forecast of Turkey Wires & Cables Market Revenues & Volume By High Voltage for the Period 2016 - 2026
• Historical Data and Forecast of Turkey Wires & Cables Market Revenues & Volume By Extra-High Voltage for the Period 2016 - 2026
• Historical Data and Forecast of Turkey Wires & Cables Market Revenues & Volume By Installation for the Period 2016 - 2026
• Historical Data and Forecast of Turkey Wires & Cables Market Revenues & Volume By Overhead for the Period 2016 - 2026
• Historical Data and Forecast of Turkey Wires & Cables Market Revenues & Volume By Underground for the Period 2016 - 2026
• Historical Data and Forecast of Turkey Wires & Cables Market Revenues & Volume By End-users for the Period 2016 - 2026
• Historical Data and Forecast of Turkey Wires & Cables Market Revenues & Volume By Aerospace & Defense for the Period 2016 - 2026
• Historical Data and Forecast of Turkey Wires & Cables Market Revenues & Volume By Building & Construction for the Period 2016 - 2026
• Historical Data and Forecast of Turkey Wires & Cables Market Revenues & Volume By Oil & Gas for the Period 2016 - 2026
• Historical Data and Forecast of Turkey Wires & Cables Market Revenues & Volume By Energy & Power for the Period 2016 - 2026
• Historical Data and Forecast of Turkey Wires & Cables Market Revenues & Volume By IT & Telecommunication for the Period 2016 - 2026
• Historical Data and Forecast of Turkey Wires & Cables Market Revenues & Volume By Others for the Period 2016 - 2026
• Turkey Wires & Cables Import Export Trade Statistics
• Market Opportunity Assessment By Voltage
• Market Opportunity Assessment By Installation
• Market Opportunity Assessment By End-users
• Turkey Wires & Cables Top Companies Market Share
• Turkey Wires & Cables Competitive Benchmarking By Technical and Operational Parameters
• Turkey Wires & Cables Company Profiles
• Turkey Wires & Cables Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Voltage

• Low Voltage
• Medium Voltage
• High Voltage
• Extra-High Voltage

By Installation

• Overhead
• Underground

By End-users

• Aerospace & Defence
• Building & Construction
• Oil & Gas
• Energy & Power
• IT & Telecommunication
• Others