The market is dominated by foreign suppliers, as imports account for 57.6% of total market size in 2023. Investments drive market demand, with investments representing 60.1% of total demand in 2023. Turkey has the fifth largest market size for electricity distribution and control apparatus regionally, with demand reaching USD7.4 billion in 2023. Abb Elektrik San AS is the largest company in Turkey, generating 3.6% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 7.7% of total production value in 2023. The total number of companies increases in 2023, to 4,662 units. The costs of the industry increase by 13.9% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 35.4% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 39.4% of total production output. With production value of USD4.7 billion, Turkey accounts for 3.4% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Electricity Distribution and Control Apparatus in Turkey: ISIC 312. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Electricity Distribution and Control Apparatus in Turkey: ISIC 312 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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