Iraq Air Conditioner Market report comprehensively covers the market by types, components applications, refrigerants and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas, market drivers, which would help stakeholders to device and align their market strategies according to the current and future market dynamics.
Iraq Air Conditioner Market Synopsis
Iraq Air Conditioner Market grew steadily in recent years as a result of large-scale infrastructure construction under the Iraq Vision 2030. In addition to that, in the wake of the oil crisis in Iraq, the country is focusing on diversification of its economy by reducing its reliance in the oil sector and heavily investing in non-oil sectors, leading to the creation of large-scale commercial establishments such as new cities, hospitals, hotels, offices and railway projects across the region. In 2020, on the back of lockdown imposed by the government of Iraq to curb the spread of the COVID-19 virus and the subsequent supply chain and production process disruptions, the product’s market registered decline. However, it is anticipated that the market would recover in 2021, due to upliftment of lockdown and resumption of economic activities and register growth thereafter.
According to the publisher, 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.
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. With the commercial sector and is expected to continue to lead the market during the forecast period due to government-backed projects such as New Karbala City, Bismayah construction project, Baghdad Metro, Railway line (Baghdad-Kut-Umara-Basra), Nasiriya International Airport, Mosul International Airport, new hotels development and other infrastructure developments in Iraq that will drive demand for air conditioners in the coming years. By types, room air conditioner accounted for the highest market revenue share in 2020 and is anticipated to continue the trend during the forecast period due to new residential projects such as New Karbala City, Bismayah construction project, and more.
Market Analysis by Type
On the basis of types, room air conditioner accounted for highest market share in the year 2020, due to COVID-19 pandemic as the lockdown led to a majority of people working from home, so the demand for room air conditioner significantly increased in the year 2020.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2017 to 2020.
- Base Year: 2020
- Forecast Data until 2027.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
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
- 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
- Drivers and Restraints
- Iraq Air Conditioner Market Trends and Industry Life Cycle
- SWOT Analysis
- Value Chain & Ecosystem
- Market Opportunity Assessment
- Key Performance Indicators
- Market Player’s Revenue Shares
- Market Competitive Benchmarking
- Market - Key Mechanical, Electrical and Plumbing (MEP) Contractor Details
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
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 Others
By Regions:
- Northern Region
- Southern Region
- Central Region
Table of Contents
1 Executive Summary
Companies Mentioned
- Daikin Middle-East and Africa FZE
- Fujitsu General (MIDDLE EAST) FZE
- GREE Electric Appliances Inc.
- Johnson Controls, Inc.
- LG Electronics Gulf FZE (LGEGF)
