Turkey Heating, Ventilation and Air Conditioning (HVAC) Market - Forecast & Analysis, 2016 – 2022

  • ID: 3753515
  • Report
  • Region: Turkey
  • 104 pages
  • BIS Research
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High Urbanization Rate, Growth in Construction and Renovation Activities will Increase Turkey’s HVAC Market by 2022

FEATURED COMPANIES

  • Daikin Industries Ltd
  • Gree Electric Appliances
  • LG Corporation
  • Midea Group
  • Panasonic Corporation
  • Samsung Electronics
  • MORE
Heating, Ventilation and Air Conditioning (HVAC) system is an important part of the overall building system and is necessary to maintain a balance in the internal environment of the designated area. Turkey, being located at the junction of the Middle East and European region, experiences diverse climatic conditions with extreme summers and winters. Hence, there is an essential requirement of HVAC products in the region.

Turkey has a robust HVAC industry base with strategic tie ups with the educational and research institutions which contributes to the development of energy efficient HVAC technologies. Factors such as a growing urban population and decent growth in economy will further increase the consumption base in the coming years. Apart from this, the recent international treaties on climate change will further create opportunities for green technologies like usage of R-32 refrigerant in the HVAC products.

The market study includes both qualitative and quantitative analysis of the Turkey HVAC market. Under qualitative analysis, drivers, restraints and opportunities, porter’s five forces analysis and supply chain analysis develop a comprehensive analysis of the market. For understanding the market competitiveness of the Turkey HVAC market, a Porter’s five forces analysis and supply chain analysis provides an in-depth investigation of the industry.

For quantitative analysis, the market is classified by products verticals. The report provides a comprehensive analysis of the market with its insights on the key developments strategies and participants. The quantitative analysis helps to understand the volume and value of each product mentioned in the report.

The answers to the following key questions can be found in the report:
- What are major types of HVAC products prevalent in Turkey HVAC market?
- Who are the major players in Turkey HVAC market?
- What are the company details of the key players in the Turkey HVAC Market?
- What are the key market developments and strategies of leading players in Turkey HVAC market?
- What are major drivers, challenges and opportunities for Turkey HVAC market?
- What is the Turkey market size (value and volume) of window and portable air conditioners?
- What is the Turkey market size (value and volume) of mini-split systems?
- What is the Turkey market size (value and volume) of single packed systems?
- What is the Turkey market size (value and volume) of chillers?
- What is the Turkey market size (value and volume) of air handling unit and fan coil unit?

The report includes profiles of the major players in the Turkey HVAC Market that helps the readers to acquire an insight into the industry trends.

Some of the leading companies in the Turkey HVAC Market are: Daikin, United Carriers, Zamil AC, Samsung, Midea Group etc.

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FEATURED COMPANIES

  • Daikin Industries Ltd
  • Gree Electric Appliances
  • LG Corporation
  • Midea Group
  • Panasonic Corporation
  • Samsung Electronics
  • MORE
1 REPORT SCOPE
1.1 Research Scope
1.2 Report Coverage
1.2.1 Market Segmentation, By Product

2 RESEARCH METHODOLOGY
2.1 Bottom-Up Approach
2.2 Top-Down Approach
2.3 Report Description
2.4 Research Study Flow
2.5 Assumptions And Limitations Of The Research Study
2.6 Assumptions And Limitations For Market Estimation
2.7 Macro Factors
2.8 Micro

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Drivers
4.2 Opportunities
4.3 Challenges

5 COMPETITIVE INSIGHTS
5.1 Key Market Developments & Strategies
5.2 Porters Five Forces Analysis
5.3 Turkey Hvac Market: Distribution Channel Analysis

6 TURKEY WINDOWS AND PORTBALE AIR CONDITIONERS MARKET
6.1 Introduction
6.2 Turkey Window & Portable Ac Market, By Volume
6.3 Turkey Window & Portable Ac Market, By Value

7 TURKEY MINI-SPLIT AIR CONDITIONERS MARKET
7.1 Introduction
7.2 Turkey Mini-Split Air Conditioner Market
7.3 Turkey Mini-Split Air Conditioner Market, By Volume
7.4 Turkey Mini-Split Air Conditioner Market, By Value
7.5 Turkey Mini-Split Ductless Air Conditioner Market, By Type
7.6 Turkey Mini-Split Ductless Air Conditioner Market, By Capacity
7.7 Turkey Mini-Split Ducted Air Conditioner Market, By Capacity
7.8 Turkey Mini-Split Ductless Air Conditioner Market, By Type
7.9 Turkey Mini-Split Ducted Air Conditioner Market, By Type

8 TURKEY SINGLE PACKAGED AIR CONDITIONERS MARKET
8.1 Introduction
8.2 Turkey Single Packaged Air Conditioner Market, By Volume
8.3 Turkey Single Packaged Air Conditioner Market, By Value

9 TURKEY CHILLER MARKET
9.1 Introduction
9.2 Turkey Chiller Market
9.3 Turkey Chiller Market, By Volume
9.4 Turkey Chiller Market, By Value
9.5 Turkey Chiller Market, By Type
9.6 Turkey Chiller Market, By Cooling
9.7 Turkey Chiller Market, By Capacity

10 TURKEY AIR HANDLING UNIT AND FAN COIL UNIT MARKET
10.1 Introduction
10.2 Turkey Fcu & Ahu Market, By Volume
10.3 Turkey Fcu & Ahu Market, By Value

11 TURKEY HVAC MARKET
11.1 The Turkey Hvac Market, By Volume
11.2 The Turkey Hvac Market, By Value
11.3 The Turkey Window & Portable Market, By Volume And Value
11.4 The Turkey Mini-Split Market, By Volume And Value
11.5 The Turkey Single Packaged Market, By Volume And Value
11.6 The Turkey Chiller Market, By Volume And Value
11.7 The Turkey Air Handling Unit And Fan Coil Unit Market, By Volume And Value
11.8 Key Market Trends And Developments

12 KEY MARKET PLAYERS
ABOUT COMPANY, BUSINESS OVERVIEW, BUSINESS SEGMENTS, PRODUCTS & SERVICES, AND KEY DEVELOPMENTS
NOTE: THE ABOVE INFORMATION WILL BE PROVIDED FOR ALL PLAYERS LISTED BELOW.
DETAILS ON BUSINESS OVERVIEW & FINANCIALS MIGHT NOT BE CAPTURED IN CASE OF UNLISTED COMPANIES
ABOUT COMPANY, BUSINESS OVERVIEW, BUSINESS SEGMENTS, PRODUCTS & SERVICES, AND KEY DEVELOPMENTS
12.1 Key Players: Business Overview
12.1.1 LG Corporation
12.1.2 Samsung Electronics
12.1.3 Daikin Industries Ltd
12.1.4 United Technologies Corporation (Carrier)
12.1.5 Panasonic Corporation
12.1.6 Zamil Air Conditioners
12.1.7 Midea Group
12.1.8 Gree Electric Appliances
12.2 Key Local Players

13 APPENDIX
13.1 Related Reports

1 Key Market Developments & Strategies
2 Turkey Mini-Split Ac Market Volume (000’units)
3 Turkey Mini-Split Ac Market Value ($Million)
4 Turkey Chiller Market Volume (000’ Units), 2016-2022
5 Turkey Chiller Market Value ($Million), 2016-2022
6 Turkey Fcu&Ahu Market Volume (000’ Units), 2016-2022
7 Turkey Fcu&Ahu Market Value, ($Million), 2016-2022
8 The Turkey HVAC Market Volume (000’ Units)
9 The Turkey HVAC Market: Key Developments
10 Key Local Players

List of Figures
1 Market Segmentation
2 Market Segmentation, By Product Type
3 Bottom-Up Approach
4 Top-Down Approach
5 Report Description
6 Research Study Flow
7 Assumptions and Limitations of the Research Study
8 Turkey Real GDP Growth Rate (%)
9 Household Consumption Expenditure
10 Turkey Population (Millions)
11 Employment Rate
12 Turkey HVAC Market, By Volume (000’ Units)
13 Turkey HVAC Market, By Value ($Million)
14 Market Dynamics
15 Porters Five Forces Analysis
16 Turkey HVAC Market: Distribution Channel Analysis
17 Turkey Windows & Portable Air Conditioner Market Volume (000’ Units)
18 Turkey Windows & Portable Air Conditioner Market Value ($Million)
19 Turkey Mini-Split Air Conditioner Market
20 Turkey Mini-Split Ac Market Volume, By Type (000’units)
21 Turkey Mini-Split Ac Market Value, By Type ($Million)
22 Turkey Ductless Mini-Split Ac Market Value, By Capacity ($Million)
23 Turkey Mini-Split Ductless Ac Market Volume, By Capacity (000’units)
24 Turkey Mini-Split Ducted Ac Market Value, By Capacity ($Million)
25 Turkey Mini-Split Ducted Ac Market Volume, By Capacity (000’units)
26 Turkey Mini-Split Ductless Ac Market Volume, By Type (000’units) For Capacity <5kw
27 Turkey Mini-Split Ductless Ac Market Value, By Type ($Million) For Capacity <5kw
28 Turkey Mini-Split Ductless Ac Market Volume, By Type (000’units) For Capacity >5kw
29 Turkey Mini-Split Ductless Ac Market Value, By Type ($Million) For Capacity >5kw
30 Turkey Mini-Split Ducted Ac Market Volume, By Type (000’units)
31 Turkey Mini-Split Ducted Ac Market Value, By Type ($Million)
32 Turkey Single Packaged Market : Introduction
33 Turkey Single Packaged Air Conditioner Market Volume (000’ Units)
34 Turkey Single Packaged Air Conditioner Market Value ($Million)
35 Turkey Chiller Market
36 Turkey Chiller Market Volume, By Type (000’ Units)
37 Turkey Chiller Market Value, By Type ($Million)
38 Turkey Chiller Market Volume, By Cooling (000’ Units)
39 Turkey Chiller Market Value, By Cooling ($Million)
40 Turkey Chiller Market Volume, By Capacity (000’ Units)
41 Turkey Chiller Market Value, By Capacity ($Million)
42 Turkey Fcu & Ahu Market Volume (000’ Units), 2016-2022
43 Turkey Fcu & Ahu Market Value ($Million), 2016-2022
44 The Turkey HVAC Market, By Value ($Million)
45 The Turkey Window & Portable Market Volume (000’ Units), Market Value ($Million)
46 The Turkey Mini-Split Market Volume (000’ Units), Market Value ($Million)
47 The Turkey Single Packaged Market Volume (000’ Units), Market Value ($Million)
48 The Turkey Chiller Market Volume (000’ Units), Market Value ($Million)
49 The Turkey Air Handling Unit And Fan Coil Unit Market Volume (000’ Units), Market Value ($Million)

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FEATURED COMPANIES

  • Daikin Industries Ltd
  • Gree Electric Appliances
  • LG Corporation
  • Midea Group
  • Panasonic Corporation
  • Samsung Electronics
  • MORE
The overall demand for HVAC products in Turkey is mainly driven by factors such by rising population, revival of the housing market, an increase in consumer income levels, development of reliable energy resources, and growing commercial and industrial units.

Turkey’s HVAC market is evolved as well as dynamic and the consumption of the HVAC products is set to grow due to a rise in the construction activities. The domestic HVAC market is driven by strong import, export and domestic sales. As per the market trends, it has been witnessed that international players preferred the route of mergers and acquisitions to expand their base in Turkey’s domestic market. For instance, in February 2014, Mitsubishi acquired Klima Plus to expand its business in Turkey; and in 2015 Danfoss partnered with DAF Energy to expand its heating business practices in Turkey.

The overall market covers major HVAC products including window & portable air conditioners, mini-split air conditioners, single packaged units, chillers, Fan Coil Unit (FCU) & Air Handling Unit (AHU).

As is clear from the figure, in 2015, Turkey HVAC market volume was the highest for mini-split air conditioners and was estimated to be 457.93 thousand units in 2015 and is expected to reach a volume of 666.37 thousand units by 2022 at a CAGR of 5.31% from 2016-2022. The trend of a high demand is mainly anticipated to come from rising residential developments taking place in the country which has prompted consumers to install energy efficient mini-split units in homes, apartments and high/low end buildings, among others.

As pressure mounts worldwide to phase out refrigerants that harm the environment, developing effective green alternatives holds the key to Daikin Industries' constant global success. Daikin UK has launched its new air conditioning range, called Bluevolution, using R32 refrigerant, which offers a long-term, cost effective, air conditioning solution along with easy installation and reduced leak check requirements. This new range provides the highest Seasonal Energy Efficiency Ratio (SEER) and Seasonal Coefficient of Performance (SCOP) ratings, offering improved energy efficiency and reduced negative environmental impact.

With emerging demand for HVAC products in Turkey due to high urbanization rate and increase in construction and renovation of sites, Turkey’s HVAC market is both, evolved and dynamic. According to the market study undertaken, titled Turkey Heating, Ventilation and Air Conditioning (HVAC) Market- Forecast & Analysis, 2016 – 2022 that acknowledges the growth and trends of the Turkey HVAC market, the market is estimated to increase at a CAGR of 5.31% from 2016-2022, in terms of volume. The analyst states, “Turkey has a robust HVAC industry base with strategic tie ups with the educational and research institutions which contributes to the development of energy efficient HVAC technologies. The market is foreseen to have high growth potential by the end of 2022 in order to meet the domestic consumption demand.”

The report aims to help decision makers take sound investment related decisions by providing relevant answers to the major aspects of the industry including market drivers and opportunities, factors and type of products to understand the industry. The study also incorporates qualitative models such as Porter’s Five Forces Analysis and Supply Chain Analysis to provide an in-depth analysis of the market. The report includes profiles of Daikin, United Carriers, Zamil AC, Samsung, Midea Group, among others in the market players section and it answers all the major aspects which include market dynamics, Macro and Micro factors which may lead to growth of HVAC market in Turkey.

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- Daikin Industries Ltd
- Gree Electric Appliances
- LG Corporation
- Midea Group
- Panasonic Corporation
- Samsung Electronics
- United Technologies Corporation (Carrier)
- Zamil Air Conditioners

Note: Product cover images may vary from those shown
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