Opportunities in Building Technologies Market in Turkey
Turkey’s construction-driven markets such as elevators and escalators and LED lighting are expected to witness growth despite the economic slowdown in the last two years. There are more than 200 sub-markets that are nurtured by the construction industry. However, the study focuses on the drivers, challenges, and trends in five markets—elevators and escalators, wiring devices and circuit breakers, LED lighting, building automation, and fire detection and alarm systems. Factors such as demand from the construction industry, increasing urbanisation, developing technologies, and declining prices are contributing to the growth of these markets.
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