Key Market Indicators
**Iran's Electrical Equipment Imports to Reach $6.16 Billion by 2028** TEHRAN — Iran's electrical equipment import market is projected to grow steadily over the next five years, reaching approximately $6.16 billion by 2028. This marks an increase from around $5.55 billion in 2023, with an average annual growth rate of 1.6%. Since 2002, the demand for electrical equipment in Iran has seen a consistent rise, with an average annual growth rate of 2.3%. **Modest Growth in Electrical Equipment Exports** On the export front, Iran's electrical equipment market is also expected to experience growth, albeit at a slower pace. Projections indicate that exports will grow from about $340 million in 2023 to nearly $358 million by 2028, reflecting an average annual growth rate of 0.8%. Since 2002, Iranian exports in this sector have increased at an average annual rate of 1.1%. These figures highlight both the increasing domestic demand for electrical equipment and the potential for growth in Iran's export market.
