The Iranian air conditioner market remained flat in 2015. The market volume of wall-mounted air conditioners was 500,000 units.
In January 2016, the United States lifted sanctions on Iran. The foreign exchange rate was chaotic, but the Iranian government enacted policies to ease finances. It is expected that market demands will recover to a sound level in a few months. A double digit growth in the air conditioner market is expected in 2016.
Iran is one of the Middle Eastern countries boasting abundant labor forces. Local government has enacted policies to attract foreign investment, foster domestic industrialization, encourage production and foster economic development. In order to protect domestic industries, Iran may impose high tariffs on air conditioner imports in the near future.