27590
Air Conditioner Sector Forecast to Grow
Economy, Domestic Economy

Air Conditioner Sector Forecast to Grow

Iran being the most populated country in the Middle East is anticipated to provide significant demand for air conditioning systems with the expected rise in per capita income in the coming years, wrote Indian financial services company IIFL in its website. According to Indian advisory group 6Wresearch, Iran’s air conditioners’ market is forecast to grow at a compound annual growth rate of 9.3% during 2015-21. The market is mainly dominated by international players. However, there are also local players providing manufactured air conditioners in the domestic market. “With the changing political environment and rising investor confidence [in Iran], air conditioner market is expected to grow, especially in the areas of residential, government and transportation, manufacturing, energy, retail and hospitality,” says Avishrant Mani, a 6Wresearch member. “In Iran’s market, ducted, mini-split, centralized and packaged air conditioners would witness a majority of the market demand through the forecast period.” International players in Iran are operating through dealers and distributors. Some of the international players in Iran’s air conditioner market include Daikin, LG, Samsung, Hisense and Midea.

 

Short URL : https://goo.gl/UwuE8D
  1. https://goo.gl/OH600U
  • https://goo.gl/cYsGIo
  • https://goo.gl/qs1eiP
  • https://goo.gl/6R3zg5
  • https://goo.gl/oSrN63

You can also read ...

US Pressuring German Firms ‘Daily’ Over Iran Sanctions
Washington’s ambassador in Berlin has been pressuring German...
Iran and the Eurasian Economic Union signed a three-year provisional agreement on May 17 for the bloc to welcome Iran into the EEU Free Trade Zone.
The Eurasian Economic Commission Council approved the roadmap...
India in Touch With All Stakeholders on Iran Sanctions
Following fresh US sanctions on Iran over its nuclear program...
Google Defends Gmail Data Privacy Policy
Alphabet Inc’s Google gave details about its policies for...
Crypto Trading Continues to Decline Since CBI Ban
Cryptocurrency transactions in Iran have significantly...
Arrest Over Afghan Forex Smuggling
A man has been arrested for smuggling $38,000 from Afghanistan...
IRICA: Gold, Forex Imports Not Smuggling
The import of foreign currency does not amount to smuggling...
Copper Concentrate Output Sees 12% Growth
Major Iranian copper producers produced 488,859 tons of copper...

Trending

Googleplus