Turkish Electricity Market, Forecast to 2030

Turkish Electricity Market, Forecast to 2030

Demand for Power and Market Liberalization will Drive Power Investment in the Next Decade

RELEASE DATE
29-Aug-2019
REGION
Europe
Research Code: 9AAE-00-6A-00-00
SKU: EG02006-EU-MR_23434

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Description

This energy profile provides a detailed insight into the energy sector of Turkey in the current scenario and also presents an energy forecast between the years 2018 to 2030.

The global energy sector has seen a drastic transformation in recent years and with the advancement of new technologies and energy systems, it is moving towards creating a revolution not only in terms of reach, but also in terms of accessibility, portability, and usage. With the rise of renewable sources of energy like solar and wind energy, the global energy sector is also on the verge of creating a sustainable future. According to the International Energy Agency (IEA), electricity is the fastest-growing source of energy in terms of final energy demand. It is attracting more investments than oil and gas combined. Currently, the energy sector is also responsible for two-thirds of all greenhouse gas emission and more than 80% of all carbon dioxide emission. One of the impacts of such emissions is the increase in global temperature. In 2017 alone, global temperature increased by 1.1 degree Celsius above pre-industrial levels. More than 41 million people were affected by flooding in South Asia in 2017 alone. Because of this, the global electricity industry is shifting towards more sustainable means by slowly boycotting traditional energy generation systems and adopting more smart and efficient electricity generation measures. Since 2015, banks have reduced loans to the coal industry by more than 44%. DC electricity transmission has been found to be more reliable and efficient than AC, thus, DC is being adopted to create efficient transmission grids. Also, AI and Big Data technologies are being used to increase the efficiency of transmission and distribution. Renewable energy systems, especially solar (PV) are getting cheaper and have reached even the most remote places on earth. Turkey has enjoyed a period of strong economic growth and with strong population growth, there has been a surge in the demand for energy in the country. Turkey’s electricity production has reached an installed capacity of 87 GW, which is a threefold increase over the last 15 years. Turkey has plans of a sustainable future in terms of electricity generation and has set a target of achieving 10 GW of additional installed capacity of solar and wind energy combined by 2026. Currently, their combined installed capacity is approximately 12 GW.


Research Highlights

  • Drivers and restraints of the Turkish energy sector 
  • Installed capacity forecast (2018 to 2030) 
  • Power investment forecasts 
  • Overview of the electricity market of Turkey (retail, distribution, demand-supply balance, etc.) 
  • Incentives in electricity generation and transmission and the related support mechanism

Table of Contents

Key Findings

Research Scope

Research Profile

Market Overview

Turkey—Electricity Market Overview

Electricity Market Timeline

Turkey Energy Policy

Turkey Energy Policy (continued)

Turkey Energy Policy (continued)

Turkey Support Mechanism and Major Incentives

Turkey Support Mechanism and Major Incentives (continued)

Turkey Support Mechanism and Major Incentives (continued)

Turkey Support Mechanism and Major Incentives (continued)

Turkey Electricity Market Demand

Turkey Transmission and Connections

Turkish Electricity Distribution Market

Turkey Electricity Retail Market

Market Drivers

Drivers Explained

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Market Restraints

Restraint Explained

Restraint Explained (continued)

Forecasting Methodology

Power Generation Installed Capacity Forecast

Fuel Mix Forecast

Installed Capacity Forecast Explained

Investment in Power Sector

Competitive Environment—Generation

Competitive Environment—Generation (continued)

Competitive Environment—Generation (continued)

Competitive Environment—Generation (continued)

Growth Opportunity—Growing Renewables and Services Market

Strategic Imperatives for Power Equipment Manufacturers and Service Providers

Conclusion

Legal Disclaimer

List of Exhibits

List of Exhibits (continued)

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

This energy profile provides a detailed insight into the energy sector of Turkey in the current scenario and also presents an energy forecast between the years 2018 to 2030. The global energy sector has seen a drastic transformation in recent years and with the advancement of new technologies and energy systems, it is moving towards creating a revolution not only in terms of reach, but also in terms of accessibility, portability, and usage. With the rise of renewable sources of energy like solar and wind energy, the global energy sector is also on the verge of creating a sustainable future. According to the International Energy Agency (IEA), electricity is the fastest-growing source of energy in terms of final energy demand. It is attracting more investments than oil and gas combined. Currently, the energy sector is also responsible for two-thirds of all greenhouse gas emission and more than 80% of all carbon dioxide emission. One of the impacts of such emissions is the increase in global temperature. In 2017 alone, global temperature increased by 1.1 degree Celsius above pre-industrial levels. More than 41 million people were affected by flooding in South Asia in 2017 alone. Because of this, the global electricity industry is shifting towards more sustainable means by slowly boycotting traditional energy generation systems and adopting more smart and efficient electricity generation measures. Since 2015, banks have reduced loans to the coal industry by more than 44%. DC electricity transmission has been found to be more reliable and efficient than AC, thus, DC is being adopted to create efficient transmission grids. Also, AI and Big Data technologies are being used to increase the efficiency of transmission and distribution. Renewable energy systems, especially solar (PV) are getting cheaper and have reached even the most remote places on earth. Turkey has enjoyed a period of strong economic growth and with strong population growth, there has been a surge in the demand for energy in the country. Turkey’s electricity production has reached an installed capacity of 87 GW, which is a threefold increase over the last 15 years. Turkey has plans of a sustainable future in terms of electricity generation and has set a target of achieving 10 GW of additional installed capacity of solar and wind energy combined by 2026. Currently, their combined installed capacity is approximately 12 GW.--BEGIN PROMO--

Research Highlights

  • Drivers and restraints of the Turkish energy sector 
  • Installed capacity forecast (2018 to 2030) 
  • Power investment forecasts 
  • Overview of the electricity market of Turkey (retail, distribution, demand-supply balance, etc.) 
  • Incentives in electricity generation and transmission and the related support mechanism
More Information
No Index No
Podcast No
Author Ozge Ozeke
Industries Energy
WIP Number 9AAE-00-6A-00-00
Is Prebook No
GPS Codes 9836-A7,9AFE-A4,9AFF-A4,9B00-A4,9851,9852,GETE