The conflict in Iraq is on a way to a settlement with the emphasis being turned towards reconstruction and development of infrastructure in the country. Major sectors in the country such as chemicals, petrochemicals, fertilizers, and refineries suffered significant damage during the period of conflict. Additionally, the decline in oil prices, budget cuts, and lack of foreign participation in construction projects further led to the postponement of projects in the country, consequently, leading to the declining Iraq air conditioner market revenues.
According to 6Wresearch, the 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 a 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 the recovery of oil prices, hotel development across the cities such as Erbil, Najaf, Karbala, Basra, and Baghdad as well as substantial investment in the oil & gas sector would further proliferate the growth of the air conditioner market in Iraq.
The wall-mounted split air conditioner segment acquired the majority of the volume share in the overall Iraq air conditioner market share, backed by complications in the 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 a large number of residential along with commercial & hospitality projects across the regions.
The residential application witnessed the highest number of installations followed by commercial and retail sectors. Additionally, hospitality is the largest growing application owing to the development of a large number of hotels across Erbil, Najaf, and Karbala. Residential, hospitality, transportation, and oil & gas are the key emerging applications that are likely to exhibit healthy growth opportunities in near future.
The Iraq air conditioner market report thoroughly covers the 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.
In the Iraq AC Market cover all types of air conditioner market product type, end-use application, and regions. The report of air conditioner market get the detailed analysis of the on-going trends in the market and different way of the opportunities and different way of the high growth areas and it will help the stakeholders to decide the strategies according to the current and future market dynamics. In Iraq AC Market acquired the volume share at the backend by the installation of the window air conditioners and split the air. High the demand the inverter models. Among a large number of residential air conditioners are use and following sector also such as commercial, hospitality, and project across the regions. In addition, air conditioners are used in the hotels, residential, office, transportation, etc sector.
Iraq air conditioner market is estimated to find its true potential underpinned by the rising impressive growth of the commercial sector. The increase in the growth of the corporate sector with the rising freelance workers has led to an increasing employment scenario and simultaneously is estimated to accelerate the demand for air conditioners in the country in the coming timeframe. Also, the emerging retail sector in the country with a growing strong consumer base in the country concurrently increased the installation of air conditioners is estimated to boost the growth of the Iraq air conditioner market in the upcoming six years.
Key Highlights of the Report:
• Iraq Air Conditioner Market Overview
• Iraq Air Conditioner Market Outlook
• Iraq Air Conditioner Market Forecast
• Iraq Air Conditioner Market Size and Iraq Air Conditioner Market Forecast, until 2024.
• Historical & Forecast data of Iraq AC Market Revenues and Volume, by Window AC for the Period 2014-2024
• Historical & Forecast data of Iraq AC Market Revenues and Volume, by Split AC for the Period 2014-2024
• Historical & Forecast data of Iraq AC Market Revenues and Volume, by Packaged AC for the Period 2014-2024
• Historical & Forecast data of Iraq AC Market Revenues and Volume, by Ducted Split/Ceiling Concealed AC
for the Period 2014-2024
• Historical & Forecast data of Iraq AC Market Revenue and Volume, by Floor Standing AC for the Period 2014-2024
• Historical & Forecast data of Iraq AC Market Revenue and Volume, by Cassette AC for the Period 2014-2024
• Historical & Forecast data of Iraq Market Revenue and Volume, by Ceiling Suspended AC for the Period 2014-2024
• Historical & Forecast data of Iraq Centralized AC Market Revenue for the Period 2014-2024
• Historical & Forecast data of Iraq Centralized AC Market Revenue, By Components for the Period 2014-2024
• Historical & Forecast data of Iraq Air Conditioner Market Revenue, By Applications for the period 2014-2024
• Historical data and forecast of Iraq Air Conditioner Regional Market Revenue for the Period 2014-2024
• Market Drivers and Restraints
• Iraq Air Conditioner Market Share, By Players
• Iraq Air Conditioner Market Trends and Development
• Iraq Air Conditioner Market Overview on Competitive Landscape
• Key Strategic Pointers
Markets Covered
The Iraq air conditioner market report provides a detailed analysis of the following market segments:
• By Product Type
o Room AC
?Window
?Split
o Ducted AC
?Ceiling Concealed
?Packaged
o Ductless AC
?Suspended
?Floor Standing
?Cassette
o Centralized AC
?VRF
?AHU/FCU
?Condensing Unit
?Chiller
? Others
• By Applications
o Residential
o Commercial Buildings & Retail
o Govt. & Transportation
o Hospitality
o Oil & Gas
o Others
• By Regions
o Baghdad
o Northern
o Southern
o Rest of Iraq
