Turkish Building sector executive summary and roadmap

Turkey has a high rate of urbanization that has reached 2% per year. This leads to a fast-growing building stock with new construction rates of more than 4%. The construction sector is one of the most important drivers of the Turkish economy, contributing 6.6% of real gross domestic product (GDP) growth. The building sector in Turkey that includes residential, commercial and public buildings is responsible for more than 35% of the country’s total final energy consumption. Due to the significant new construction activities, this share is expected to increase further in the future where it is estimated the residential building stock will reach almost 4.0 billion m2 by 2050 compared to the approximately 2.4 billion m2 in 2015. It will be paramount to ensure these new buildings are equipped with the best energy efficiency technologies and renovation rates of the existing building stock are accelerated. Realising this would create big opportunities for Turkey’s energy efficiency technology manufacture sector. This study explores the market potential of technologies in accelerating the energy efficiency of buildings and it informs the relevant decision makers and private sector actors on the products, services, actors and driving forces behind the energy efficiency market in Turkey. The study therefore serves as a key source to identify where more effort is required to accelerate the availability and cost-effective deployment of these technologies and strengthen the construction markets.