Turkey Renewable Energy Market by Types (Hydro, Wind, Solar, Geothermal, and Others) and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The Turkey renewable energy market size is anticipated to register a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising government initiatives to limit dependence on fossil fuels and adoption low-cost and sustainable energy sources.
Renewable energy generation requires carbon neutral sources such as sunlight, wind, rain, tides, and geothermal heat. These types of energy sources stand in contrast to fossil fuels, as they can be replenished for lifetime. Although most renewable energy generation sources; however, some of them are not, such as biomass.
Renewable energy can be used for electricity generation, air & water heating/cooling, transportation, and rural off-grid energy services. While renewable energy is often considered as a new technology, harnessing renewable power has not been new for humankind. For instance, wind power boats to sail the seas and windmills to grind grain.
Increasing innovation and rising number of inexpensive ways to capture & retain wind and solar energy has encouraged companies to enter in the renewable energy market. The expansion in renewables at small- and large-scale is driving the market growth. Homeowners are installing rooftop solar panels and are selling unused power back to the grid to giant offshore wind farms. Even some entire rural communities are relying on renewable energy for heating and lighting.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing potential of wind energy is expected to create significant opportunities for the wind farm operators and developers in the projected timeline.
- Rising energy consumption is projected to boost the market growth during the forecast period.
- Growing demand for energy coupled with supportive government policies is driving the renewable energy market, encouraging industry players to invest in the market.
- Rising share of renewable energy in the power generation sector is projected to spur the market growth in the coming years.
- The COVID-19 pandemic had negatively impacted the renewable energy market owing to delayed projects. However, the market is anticipated to recover soon owing to declining cases. Moreover, the stimulus provided by government state bodies is expected to proliferate the growth of the market.
- Lack of proper grid infrastructure to integrate renewable energy sources is expected to hinder the market growth during the forecast period.
- Rising number of government bodies to encourage foreign investors in Turkey is speculated to proliferate the growth of the market in the projected timeline.
- Increasing R&D investments and ongoing technological advancement can create huge potential in the Turkey renewable energy market. This, in turn, is expected to create significant opportunities for new entrants and emerging players in the market.
Scope of the Report
The report on the Turkey renewable energy market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Turkey Renewable Energy Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
Segmentation |
Types (Hydro, Wind, Solar, Geothermal, and Others) |
|
Geographic Zone |
Turkey |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
IC Ictas Energy Investment Holding; Statkraft AS; Poyry Plc.; Sanko Enerji; and JinkoSolar Holding Co. Ltd. |
Turkey Renewable Energy Market Segment Insights
Hydro segment is projected to account for a large market share
On the basis of types, the Turkey renewable energy market is segmented into hydro, wind, solar, geothermal, and others. The hydro segment is expected to hold a key market share during the forecast period owing to declining dependence on fossil fuels, and increasing large-scale investments from the major industry players. Hydropower segment accounted for more than 50% of the total renewable energy installed capacity in Turkey in 2020.
The solar segment is anticipated to exhibit a high CAGR during the forecast period. Increasing awareness about the solar energy systems and declining cost of installation and maintenance of the solar energy grid systems are driving the segment growth. On the other hand, the growing number of government initiatives to deploy large-scale projects to shift the energy generation burden on renewable energy systems is further propelling the growth of the market segment.
Segments
Segments Covered in the Report
The Turkey renewable energy market has been segmented on the basis of
Types
- Hydro
- Wind, Solar
- Geothermal
- Others
Country
- Turkey
Key Players
- IC Ictas Energy Investment Holding;
- Statkraft AS
- Poyry Plc.
- Sanko Enerji
- JinkoSolar Holding Co. Ltd.
Competitive Landscape
Key players competing in the Turkey renewable energy market include IC Ictas Energy Investment Holding, Statkraft AS, Poyry Plc., Sanko Enerji, and JinkoSolar Holding Co. Ltd.
Industry players are engaging in partnerships, acquisitions, and mergers to expand their market share.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Renewable Energy Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Renewable Energy Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Renewable Energy Market - Supply Chain
4.5. Global Renewable Energy Market Forecast
4.5.1. Renewable Energy Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Renewable Energy Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Renewable Energy Market Absolute $ Opportunity
5. Global Renewable Energy Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Renewable Energy Market Size and Volume Forecast by Types
5.3.1. Hydro
5.3.2. Wind, Solar
5.3.3. Geothermal
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Renewable Energy Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Renewable Energy Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Renewable Energy Demand Share Forecast, 2019-2026
7. North America Renewable Energy Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Renewable Energy Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Renewable Energy Market Size and Volume Forecast by Types
7.4.1. Hydro
7.4.2. Wind, Solar
7.4.3. Geothermal
7.4.4. Others
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Renewable Energy Demand Share Forecast, 2019-2026
8. Latin America Renewable Energy Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Renewable Energy Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Renewable Energy Market Size and Volume Forecast by Types
8.4.1. Hydro
8.4.2. Wind, Solar
8.4.3. Geothermal
8.4.4. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Renewable Energy Demand Share Forecast, 2019-2026
9. Europe Renewable Energy Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Renewable Energy Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Renewable Energy Market Size and Volume Forecast by Types
9.4.1. Hydro
9.4.2. Wind, Solar
9.4.3. Geothermal
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Renewable Energy Demand Share Forecast, 2019-2026
10. Asia Pacific Renewable Energy Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Renewable Energy Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Renewable Energy Market Size and Volume Forecast by Types
10.4.1. Hydro
10.4.2. Wind, Solar
10.4.3. Geothermal
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Renewable Energy Demand Share Forecast, 2019-2026
11. Middle East & Africa Renewable Energy Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Renewable Energy Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Renewable Energy Market Size and Volume Forecast by Types
11.4.1. Hydro
11.4.2. Wind, Solar
11.4.3. Geothermal
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Renewable Energy Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Renewable Energy Market: Market Share Analysis
12.2. Renewable Energy Distributors and Customers
12.3. Renewable Energy Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. IC Ictas Energy Investment Holding;
12.4.2. Statkraft AS
12.4.3. Poyry Plc.
12.4.4. Sanko Enerji
12.4.5. JinkoSolar Holding Co. Ltd.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Renewable Energy Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Renewable Energy Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Renewable Energy Market - Supply Chain
4.5. Global Renewable Energy Market Forecast
4.5.1. Renewable Energy Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Renewable Energy Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Renewable Energy Market Absolute $ Opportunity
5. Global Renewable Energy Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Renewable Energy Market Size and Volume Forecast by Types
5.3.1. Hydro
5.3.2. Wind, Solar
5.3.3. Geothermal
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Renewable Energy Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Renewable Energy Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Renewable Energy Demand Share Forecast, 2019-2026
7. North America Renewable Energy Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Renewable Energy Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Renewable Energy Market Size and Volume Forecast by Types
7.4.1. Hydro
7.4.2. Wind, Solar
7.4.3. Geothermal
7.4.4. Others
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Renewable Energy Demand Share Forecast, 2019-2026
8. Latin America Renewable Energy Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Renewable Energy Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Renewable Energy Market Size and Volume Forecast by Types
8.4.1. Hydro
8.4.2. Wind, Solar
8.4.3. Geothermal
8.4.4. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Renewable Energy Demand Share Forecast, 2019-2026
9. Europe Renewable Energy Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Renewable Energy Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Renewable Energy Market Size and Volume Forecast by Types
9.4.1. Hydro
9.4.2. Wind, Solar
9.4.3. Geothermal
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Renewable Energy Demand Share Forecast, 2019-2026
10. Asia Pacific Renewable Energy Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Renewable Energy Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Renewable Energy Market Size and Volume Forecast by Types
10.4.1. Hydro
10.4.2. Wind, Solar
10.4.3. Geothermal
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Renewable Energy Demand Share Forecast, 2019-2026
11. Middle East & Africa Renewable Energy Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Renewable Energy Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Renewable Energy Market Size and Volume Forecast by Types
11.4.1. Hydro
11.4.2. Wind, Solar
11.4.3. Geothermal
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Renewable Energy Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Renewable Energy Market: Market Share Analysis
12.2. Renewable Energy Distributors and Customers
12.3. Renewable Energy Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. IC Ictas Energy Investment Holding;
12.4.2. Statkraft AS
12.4.3. Poyry Plc.
12.4.4. Sanko Enerji
12.4.5. JinkoSolar Holding Co. Ltd.
Segments Covered in the Report
The Turkey renewable energy market has been segmented on the basis of
Types
- Hydro
- Wind, Solar
- Geothermal
- Others
Country
- Turkey
Key Players
- IC Ictas Energy Investment Holding;
- Statkraft AS
- Poyry Plc.
- Sanko Enerji
- JinkoSolar Holding Co. Ltd.
Key players competing in the Turkey renewable energy market include IC Ictas Energy Investment Holding, Statkraft AS, Poyry Plc., Sanko Enerji, and JinkoSolar Holding Co. Ltd.
Industry players are engaging in partnerships, acquisitions, and mergers to expand their market share.
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