Iraq Air Conditioner Market Overview: 2024-2030

Base Year: 2023

Historical Years: 2019-22

Forecast Years: 2024-30

The Iraq Air Conditioner Market is projected to witness less than 5% CAGR during the forecast period, i.e., 2024-30. The growth of the market is likely to be driven primarily by the increasing number of large-scale construction projects associated with shopping malls, hotels, residential buildings, & office complexes due to the growing government focus on the diversification of the economy away from oil through initiatives like Iraq Vision 2030. It, in turn, is making a direct impact on the demand for air conditioners and driving the Air Conditioner Market. 

Markntel Advisor’s Iraq Air Conditioner Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Iraq Air Conditioner Market drivers, barriers, Iraq Air Conditioner Market Trends, and Key Players in Iraq Air Conditioner Market.

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Iraq Air Conditioner Market Trend: 2024-2030

Escalating Demand for Energy-Efficient & Smart Air Conditioners - With mounting carbon emissions in the environment, where air conditioners are amongst the prominent contributors, the government of Iraq is encouraging companies to manufacture energy-efficient air conditioners with advanced technologies like voice control, temperature sensors, etc., and address the alarming environmental concerns. In addition, the growing awareness among people about the benefits of these ACs, such as less power consumption & smart features, is also propelling their demand and driving the Iraq Air Conditioner Market.

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Iraq Air Conditioner Market (2024-30): Segmentation Outlook

The market report has segmented the market into the following categories:

• By Type
  • Window AC
  • Split AC
  • Floor Standing AC
  • Cassette AC
  • Packaged AC
  • Ducted Split AC
  • Centralized AC
• By Region
  • East
  • West
  • South
  • North
• By End User
  • Residential
  • Commercial Buildings
  • Retail
  • Health Care
  • Hospitality
  • Government & Transportation
  • Oil & Gas
  • Others
• By Sales Channel
  • Direct Sales
  • Online
  • Authorized Distributors

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Top Companies Operating in the Iraq Air Conditioner Market:

• Carrier
• York
• LG
• Samsung
• Trane
• Mitsubishi
• Gree
• Daikin
• Aux Air
• Tosot
• Midea
• Others

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