Iraq Air Conditioner Market Trends & Developments

Iraq Air Conditioners Market, By Revenues, By Units Sold

Figure XX: Iraq Air Conditioners Market Size, By Revenues (USD Million), 2015-2025FFigure XX: Iraq Air Conditioners Market Size, By Revenues (USD Million), 2015-2025F

Revenue: X.X% CAGR Revenue: X.X% CAGR

2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F

Market at a Glance

Source: MarkNtel Advisors, E: Estimated, F: Forecast

• Iraq air conditioner market is majorly dominated by international players, which accounts for a significant share of the market revenues.

The majority of revenues are from the split, ducted split, and centralized air conditioner segments. Market revenue for Iraq air conditioner has declined at a CAGR of X% and was USD X million in 2019, and is further projected to grow at a CAGR of X% during 202025. The COVID-19 pandemic has dented the regional supply chain, which further had an adverse on the country’s air conditioner market.

The upcoming construction activities in the country were also suspended as the country’s earnings from the sale of crude oil witnessed a