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Iraq Air Conditioner (AC) Market (2021-2027)

Market Forecast By Types (Room Air Conditioner (Window Air Conditioner, Split Air Conditioner), Ducted Air Conditioner (Ceiling Concealed Air Conditioner, Unitary Packaged Air Conditioner), Ductless Air Conditioner (Cassette Air Conditioner, Floor Standing Air Conditioner, Ceiling Suspended Air Conditioner)), Centralized Air Conditioner, By Components (AHU/FCU, VRF, Chillers, Others (Evaporator Coils, Condensing Units, Etc.)), By Application (Residential, Healthcare, Commercial & Retail, Transportation And Infrastructure, Hospitality, Oil & Gas, Others (Education, BFSI, Manufacturing Etc)), By Refrigerants (By R-32, By R-410A/R-407C, By R-600A/R-290), By Regions (Northern Region, Southern Region, Central Region) And Competitive Landscape

 

According to 6Wresearch, Iraq Air Conditioner Market size is projected to grow at CAGR of 4.2% during 2021-27. Due to government initiatives such as the Iraq Vision 2030, under which the government is developing mega projects such as new hotels, offices, metro rail projects, stadiums, and airports, the market is expected to register growth. This, combined with the country's ambition to boost religious tourism, which has resulted in considerable budget allocations for the expansion of the retail, hotel, and transportation & infrastructure sectors, would drive the air conditioner market in the forecast period.

 

Iraq air conditioner market is anticipated to witness a significant growth in the forecast period on account of a growing construction sector and coupled with government’s focus on diversifying economy and investing more on non-oil sectors. Further, new residential and commercial projects are expected to strengthen the air conditioner market in the coming years. However, stringent government regulations for air conditioners to maintain environment sustainability along with war and instability in the country act as restrains in the market.

 

For Latest Press Release : https://www.6wresearch.com/press-release/iraq-air-conditioner-market-size-is-projected-to-grow-at-a-cagr-of-42-during-2021-2027

 

Market Analysis by Application

By application, the residential segment accounted for the highest market revenue share in 2020, along with commercial & retail, residential and oil & gas segments having a cumulative market share of around more than 60% of the overall market revenues.

 

Key Highlights of the Report

  • Iraq Air Conditioner Market Outlook
  • Iraq Air Conditioner Market Overview
  • Iraq Air Conditioner Market Forecast
  • Iraq Air Conditioner Market Share, By Companies
  • Market Opportunity Assessment
  • Key Performance Indicators
  • Drivers and Restraints
  • Iraq Air Conditioner Market Trends and Industry Life Cycle
  • SWOT Analysis
  • Value Chain & Ecosystem
  • Market Competitive Benchmarking
  • Market Player’s Revenue Shares
  • Market - Key Mechanical, Electrical and Plumbing (MEP) Contractor Details
  • Company Profiles
  • Key Strategic Recommendations
  • Historical data & forecast of Iraq Air Conditioner Market Revenues and Volume, By Types for the Period 2017-2027F
  • Historical data & forecast of Revenues and Volume, By Applications for the Period 2017-2027F
  • Historical data & forecast of Revenues and Volume, By Refrigerants for the Period 2017-2027F
  • Historical data & forecast of Revenues and Volume, By Regions for the Period 2017-2027F

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