The market is dominated by foreign suppliers, as imports account for 64.9% of total market size in 2023. Investments drive market demand, with investments representing 41.4% of total demand in 2023. Turkey has the fifth largest market size for electric motors, generators and transformers regionally, with demand reaching USD8.0 billion in 2023. Abb Elektrik San AS is the largest company in Turkey, generating 6.5% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 19.4% of total production value in 2023. The total number of companies increases in 2023, to 3,525 units. The costs of the industry increase by 29.7% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 19.3% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 62.3% of total production output. With production value of USD6.6 billion, Turkey accounts for 8.9% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Electric Motors, Generators and Transformers in Turkey: ISIC 311. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Electric Motors, Generators and Transformers in Turkey: ISIC 311 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of electricity generation, distribution and storage equipment, computers, office machinery and communications equipment, and medical and precision equipment.
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