2.4.8 Turkey

The OECD forecasts that Turkey’s economy will continue to grow at an annual rate of over 4% up 2014. The outlook for the construction industry remains positive. The chiller market was worth US$ 103 million in 2012 and is expected to grow at an annual rate of over 5% up to 2016. Sales in 2012 were close to 1,900 units.