Iraq Air Conditioner Market (2018-2024)

Market Forecast By Product Type (Room AC (Window and Split), Ducted AC (Ceiling Concealed and Packaged), Ductless AC (Suspended, Floor Standing and Cassette), Centralized AC (VRF, AHU/FCU, Condensing Unit, Chiller and Others)), By Applications (Residential, Commercial Buildings & Retail, Govt. & Transportation, Hospitality, Oil & Gas and Others), By Regions (Baghdad, Northern, Southern and Rest of Iraq) and Competitive Landscape.

According to 6Wresearch, Iraq air conditioner market size is likely to exhibit 5.7% of growth by 2024. With more than 39 million population, Iraq remains an attractive consumer market with potential of over $40 billion. Iraq’s National Investment Commission announced major and medium-sized strategic projects to seek foreign investments in all the sectors. In addition to recovery of oil prices, hotel development across the cities such as Erbil, Najaf, Karbala, Basra and Baghdad as well as substantial investment in oil & gas sector would further proliferate the growth of air conditioner market in Iraq.

Wall mounted split air conditioner segment acquired majority of the volume share in the overall Iraq air conditioner market share, backed by complications in installation of window air conditioners in high floored apartments, along with closed spaces and higher demand for inverter models, as a result of low electricity consumption. VRF systems recorded increased adoption among large number of residential along with commercial & hospitality projects across the regions.

The residential application witnessed highest number of installations followed by commercial and retail sectors. Additionally, hospitality is the largest growing application owing to development of large number of hotels across Erbil, Najaf and Karbala. The residential, hospitality, transportation and oil & gas are the key emerging applications which are likely to exhibit healthy growth opportunities in near future.

The Iraq air conditioner market report thoroughly covers Iraq air conditioner market by product types, end use applications, and regions. The Iraq air conditioner market outlook report provides an unbiased and detailed analysis of the Iraq air conditioner market trends, opportunities/high growth areas and market drivers which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.

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Key Highlights of the Report:
Air Conditioner

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Author: Jack Ryan

6Wresearch is a global market research and consulting firm specializes in niche and emerging markets.The Company over the past few years has developed itself to be a renowned market intelligence company which led strong emphasis on competitive and strategic intelligence.

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