Turkey Solar Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Turkey Solar Energy Manufacturing Companies and it is segmented by Type (Solar Photovoltaic (PV) and Concentrated Solar Power (CSP)). The market size and forecasts for the Turkey Solar Energy market in installed capacity (in MW) for all the above segments.

Turkey Solar Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Turkey Solar Energy Market Size

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Turkey Solar Energy Market - Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 6.00 %
Market Concentration Medium

Major Players

Turkey Solar Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Turkey Solar Energy Market Analysis

The Turkey Solar Energy Market is expected to register a CAGR of greater than 6% during the forecast period.

COVID-19 negatively impacted the market in 2020. Presently the market is likely to reach pre-pandemic levels.

  • In the medium term, factors such as the decreasing reliance on fossil fuel-based power generation by the government and the declining cost of solar PV modules will likely drive the Turkey solar energy market.
  • On the other hand, Turkey's dependence on hydropower due to mountainous terrain for electricity generation will act as a restraint for the market.
  • Nevertheless, the efforts to strengthen energy security and ambitious goals to reduce greenhouse gas emissions by using renewable energy sources serve as an opportunity for the Turkey solar energy market.

Turkey Solar Energy Industry Overview

The Turkish solar energy market is moderately consolidated. Some of the key players in this market include (in no particular order) Go Enerji, HT Solar Energy J.S.C, Halk Enerji Yatırımları Üretim İnşaat Taahhüt Ticaret ve Sanayi AS, Panasonic Corporation, and Asunim Group.

Turkey Solar Energy Market Leaders

  1. Halk Enerji Yatırımları Üretim İnşaat Taahhüt Ticaret ve Sanayi A.S

  2. Asunim Group

  3. GO Enerji

  4. HT Solar Energy J.S.C

  5. Eko Renewable Energy Inc

  6. *Disclaimer: Major Players sorted in no particular order
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Turkey Solar Energy Market News

  • In December 2022, Turkcell, the mobile operator in Turkey, announced its plan to meet 65% of its energy needs by generating from its solar energy projects. The company expects to help reduce the energy cost by USD 90 million by 2025.
  • In October 2022, Asunim Group announced its plans to develop 42 MW solar projects. The company believes that the solar projects would achieve a significantly lower levelized cost of energy that would facilitate customers to get electricity at an affordable rate.

Turkey Solar Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Solar Energy Installed Capacity and Forecast in MW, till 2028
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis

5. MARKET SEGEMENTATION - BY TYPE

  • 5.1 Solar Photovoltaic (PV)
  • 5.2 Concentrated Solar Power (CSP)

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 ANKARA SOLAR A.S.
    • 6.3.2 Go Enerji
    • 6.3.3 HT Solar Energy J.S.C
    • 6.3.4 Halk Enerji Yatırımları Üretim İnşaat Taahhüt Ticaret ve Sanayi AS
    • 6.3.5 Eko Renewable Energy Inc
    • 6.3.6 Asunim Group
    • 6.3.7 ATSCO Solar Panel Ltd.
    • 6.3.8 SMA Solar Technology AG
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Turkey Solar Energy Industry Segmentation

Solar energy is heat and radiant light from the sun that can be harnessed with technologies such as solar power, used to generate electricity, and solar thermal energy, used for applications such as water heating. It is regarded as a clean source of energy that can be used as a replacement to fossil fuels. Solar energy technology can be built flexibly at scale, storing the collected energy for later use.

The Turkey Solar Energy Market is segmented by Type. By type, the market is segmented as Solar Photovoltaic (PV) and Concentrated Solar Power (CSP). For each segment, the market sizing and forecasts have been done based on installed capacity (in MW).

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Turkey Solar Energy Market Research FAQs

What is the current Turkey Solar Energy Market size?

The Turkey Solar Energy Market is projected to register a CAGR of greater than 6% during the forecast period (2025-2030)

Who are the key players in Turkey Solar Energy Market?

Halk Enerji Yatırımları Üretim İnşaat Taahhüt Ticaret ve Sanayi A.S, Asunim Group, GO Enerji, HT Solar Energy J.S.C and Eko Renewable Energy Inc are the major companies operating in the Turkey Solar Energy Market.

What years does this Turkey Solar Energy Market cover?

The report covers the Turkey Solar Energy Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Turkey Solar Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Turkey Solar Energy Industry Report

The Turkey solar energy market is poised for significant growth, driven by a shift away from fossil fuel-based power generation and the increasing cost-effectiveness of solar technologies. The market is segmented into Solar Photovoltaic (PV) and Concentrated Solar Power (CSP), with the PV segment expected to dominate due to its cost advantages and widespread adoption. The Turkish government’s supportive policies and incentives are further propelling market expansion, encouraging both industrial and commercial sectors to invest in solar energy systems. Technological advancements and upcoming projects are anticipated to enhance the installation capacity, while the minimal maintenance requirements of solar systems add to their appeal. However, challenges such as high initial installation costs and dependence on weather conditions may pose constraints. Overall, the market outlook remains positive, with solar energy set to play a crucial role in Turkey's transition to a sustainable energy system. Solar companies in Turkey are well-positioned to capitalize on these trends, contributing to the country's growing renewable energy landscape. Statistics for the Turkey solar energy market share, size, and revenue growth rate, created by Mordor Intelligence™ Industry Reports, provide a comprehensive analysis. The Turkey solar energy analysis includes a market forecast outlook and historical overview. Get a sample of this industry analysis as a free report PDF download.