Nigeria Diesel Genset Market (2020-2026) | Forecast, Size, Value, Analysis, Share, Trends, Outlook, Revenue, Growth, Industry, Companies & COVID-19 IMPACT
Market Forecast By kVA Rating (5 kVA-75 kVA, 75.1 kVA-375 kVA, 375.1 kVA-750 kVA, 750.1 kVA-1000 kVA And Above 1000 kVA), By Applications (Residential, Commercial, Industrial, Transportation & Public Infrastructure), By Region (Northern and Southern) and Competitive Landscape.
| Product Code: ETC060908 | Publication Date: Jul 2021 | Updated Date: May 2024 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 101 | No. of Figures: 44 | No. of Tables: 6 | |
Nigeria Diesel Genset Market Competition 2023
Nigeria Diesel Genset market currently, in 2023, has witnessed an HHI of 3037, Which has increased slightly as compared to the HHI of 2494 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Nigeria Diesel Genset Market report comprehensively covers the Nigeria Diesel Genset market by Types, Product, End-Users and Application. Nigeria Diesel Genset market outlook report provides an unbiased and detailed analysis of the on-going Nigeria Diesel Genset market trends, Nigeria Diesel Genset market share, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Nigeria Diesel Genset Market Synopsis
Nigeria Diesel Genset Market is expected to witness healthy growth in the coming years because of the country's heavy reliance on diesel gensets to meet the power demand. Due to the lack of robust power infrastructure and existing power plants working at only one-third of their potential capacity, the market for diesel gensets in the country as an additional power resource is expected to stay afloat during the forecast period. The COVID-19 pandemic and lockdown during 2020 adversely affected the market and led to a drop in diesel genset. The market has seen a halt owing to the massive outbreak of COVID-19 which resulted in nationwide lockdowns to combat the spread of the virus and has led to a decline in the overall market growth.
According to 6Wresearch, Nigeria Diesel Genset Market size is projected to grow at CAGR of 5.1% during 2020-2026. Northern Nigeria dominates the overall diesel genset market in the country by region. Even though most industries and major tourist destinations are situated in the Southern part of Nigeria, the Northern region, due to its large population and negligible power generation capabilities, is characterized by consumers prominently using diesel gensets as source electricity. In Application terms, the Industrial oil & gas sector has been one of the most critical sectors for the Nigerian economy in the past. However, the industry has still not fully recovered from the oil price crisis. With a decline in oil production, government revenues have also declined as the country depends heavily on oil exports. Over the next few years, the sector's growth would be mainly dependent on the recovery in oil prices and the discovery of new oil reserves.
Market Analysis by kVA Ratings
In Nigeria, diesel gensets with ratings 375.1-750 kVA accounted for most of the revenue share in 2019. However, diesel gensets in the five kVA-75 kVA range would continue to dominate the market in volume terms during the forecast period owing to their widespread use in the residential, telecom, and banking sectors. The demand for such gensets is expected to rise post-2021 as oil prices are expected to recover and help drive infrastructure development and new business development. Further, up to 75 kVA rating diesel gensets in Nigeria are mainly used to cater to the power backup needs of the residential, healthcare, telecom, and banking sectors, which arise due to the erratic power supply condition of the country. Up to 75 kVA segment of diesel gensets is mainly dominated by local manufacturers and Chinese players
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2016 to 2020.
- Base Year: 2019
- Forecast Data until 2026.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- Nigeria Diesel Genset Market Overview
- Nigeria Diesel Genset Market Outlook
- Nigeria Diesel Genset Market Forecast
- Historical Data and Forecast of Nigeria Diesel Genset Market Revenues and Volume for the Period 2016-2026F.
- Historical Data and Forecast of Revenues and Volume, by kVA rating for the Period 2016-2026F.
- Historical Data and Forecast of Revenues and Volume, by Verticals for the Period 2016-2026F.
- Historical Data and Forecast of Revenues by Regions for the Period 2016-2019.
- Market Drivers and Restraints.
- Nigeria Diesel Genset Market Trends
- Industry Life Cycle
- Porter's Five Force Analysis
- Market Opportunity Assessment
- Nigeria Diesel Genset Market Share, By Companies
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
- By kVA Ratings:
- 5kVA-75kVA
- 75.1 kVA- 375 kVA
- 375.1 kVA-750 kVA
- 750.1 kVA-1000 kVA
- Above 1000 kVA
- By Verticals:
- Residential
- Telecom
- Manufacturing
- Oil & Gas and Power Utility
- Commercial
- Retail & Logistics
- Others (Educational Buildings, Hotels, Government, etc.)
- By Regions:
- Northern
- Southern
Other Key Reports Available:
- Saudi Arabia Diesel Genset Market (2020-2026)
- UAE Diesel Genset Market (2020-2026)
- India Diesel Genset Market (2020-2026)
- Vietnam Diesel Genset Market (2020-2026)
Nigeria Diesel Genset Market: FAQs
The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
The Nigeria Diesel Genset Market revenue is anticipated to record a CAGR of 5.1% during 2020-2026.
375.1 – 750 kVA segment is the leading market segment in the overall market revenues in the year 2019.
Industrial segment is expected to record key growth throughout the forecast period 2020-2026.
The key players of the market include- Jubaili Bros, Caterpillar Inc., Mikano International, JMG Limited, Cummins, and others.
6Wresearch has the database of more than 60 countries globally, which can make us your first choice of all your research needs.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
|
1. Executive Summary |
|
2. Introduction |
|
2.1. Report Description |
|
2.2. Key Highlights of the Report |
|
2.3. Market Scope & Segmentation |
|
2.4. Research Methodology |
|
2.5. Assumptions |
|
3. Nigeria Diesel Genset Market Overview |
|
3.1. Nigeria Diesel Genset Market Revenues and Volume (2016-2026F) |
|
3.2. Nigeria Diesel Genset Market Revenue and Volume Share, By kVA Ratings (2019 & 2026F) |
|
3.3. Nigeria Diesel Genset Market Revenue and Volume Share, By Verticals (2019 & 2026F) |
|
3.4. Nigeria Diesel Genset Market Revenue Share, By Regions (2019 & 2026F) |
|
3.5. Nigeria Diesel Genset Market - Industry Life Cycle (2019) |
|
3.6. Nigeria Diesel Genset Market - Porter’s Five Forces |
|
4. Nigeria Diesel Genset Market Dynamics |
|
4.1. Impact Analysis |
|
4.2. Market Drivers |
|
4.3. Market Restraints |
|
5. Nigeria Diesel Genset Market Trends |
|
6. Nigeria Diesel Genset Market Overview, By kVA Ratings |
|
6.1. Nigeria 5 kVA-75 kVA Diesel Genset Market Revenues and Volume (2016-2026F) |
|
6.2. Nigeria 75.1 kVA-375 kVA Diesel Genset Market Revenues and Volume (2016-2026F) |
|
6.3. Nigeria 375.1 kVA-750 kVA Diesel Genset Market Revenues and Volume (2016-2026F) |
|
6.4. Nigeria 750.1 kVA-1000 kVA Diesel Genset Market Revenues and Volume (2016-2026F) |
|
6.5. Nigeria Above 1000 kVA & Above Diesel Genset Market Revenues and Volume (2016-2026F) |
|
7. Nigeria Diesel Genset Market Price Trend, By kVA Rating |
|
8. Nigeria Diesel Genset Market Overview, By Verticals |
|
8.1. Nigeria Diesel Genset Market Revenues and Volume, By Residential Vertical (2016-2026F) |
|
8.2. Nigeria Diesel Genset Market Revenues and Volume, By Telecom Vertical (2016-2026F) |
|
8.3. Nigeria Diesel Genset Market Revenues and Volume, By Oil & Gas and Power Utilities Vertical (2016-2026F) |
|
8.4. Nigeria Diesel Genset Market Revenues and Volume, By Commercial Vertical (2016-2026F) |
|
8.5. Nigeria Diesel Genset Market Revenues and Volume, By Manufacturing Vertical (2016-2026F) |
|
8.6. Nigeria Diesel Genset Market Revenues and Volume, By Retail & Logistic Vertical (2016-2026F) |
|
8.7. Nigeria Diesel Genset Market Revenues and Volume, By Other Verticals (2016-2026F) |
|
9. Nigeria Diesel Genset Market Overview, By Regions |
|
9.1. Nigeria Northern Region Diesel Genset Market Revenues (2016-2026F) |
|
9.2. Nigeria Southern Region Diesel Genset Market Revenues (2016-2026F) |
|
10. Nigeria Diesel Genset Market Import Statistics |
|
10.1. Nigeria Diesel Genset Import, By Country, 2019 |
|
10.2. Nigeria Up to 75 kVA Diesel Genset Import, By Country, 2019 |
|
10.3. Nigeria 75.1 to 375 kVA Diesel Genset Import, By Country, 2019 |
|
10.4. Nigeria Above 375 kVA Diesel Genset Import, By Country, 2019 |
|
11. Nigeria Diesel Genset Market-Key Performance Indicators |
|
12. Nigeria Diesel Genset Market-COVID19 Impact Analysis |
|
13. Nigeria Diesel Genset Market-Additional Requirement |
|
13.1. CAPEX vs OPEX Analysis |
|
13.2. Detailed Load Rate Analysis |
|
13.3. Generation Cost per kWh Analysis |
|
14. Nigeria Hybrid Solar Genset Market |
|
14.1. Nigeria Hybrid Solar Genset Market Revenues and Volume (2016-2026F) |
|
15. Nigeria Diesel Genset Market- Government Initiatives / Regulations |
|
16. Nigeria Diesel Genset Market Opportunity Assessment |
|
16.1. Nigeria Diesel Genset Market Opportunity Assessment, By kVA Ratings, 2026F |
|
16.2. Nigeria Diesel Genset Market Opportunity Assessment, By Verticals, 2026F |
|
17. Nigeria Diesel Genset Market-Competitive Landscape |
|
17.1. Nigeria Diesel Genset Market Competitive Landscape, By Technical Parameters |
|
17.2. Nigeria Diesel Genset Market Revenue Share, By Brands, 2019 |
|
18. Company Profiles |
|
18.1. Caterpillar Inc. |
|
18.2. Cummins Inc. |
|
18.3. YorPower Ltd. |
|
18.4. Mikano International Ltd. |
|
18.5. JMG Limited. |
|
18.6. Denyo Co, Ltd. |
|
18.7. Jubaili Bros Engineering Ltd. |
|
18.8. Honda Manufacturing (Nigeria), Ltd |
|
18.9. Kirloskar Oil Engines Ltd. |
|
19. Strategic Recommendations |
|
20. Disclaimer |
|
List of Figures |
|
Figure 1. Nigeria Diesel Genset Market Revenues and Volume, 2016-2026F ($ Million, Thousand Units) |
|
Figure 2. Nigeria Diesel Genset Market Revenue Share, By kVA Ratings, 2019 & 2026F |
|
Figure 3. Nigeria Diesel Genset Market Volume Share, By kVA Ratings, 2019 & 2026F |
|
Figure 4. Nigeria Diesel Genset Market Revenue Share, By Verticals, 2019 & 2026F |
|
Figure 5. Nigeria Diesel Genset Market Volume Share, By Verticals, 2019 & 2026F |
|
Figure 6. Nigeria Diesel Genset Market Revenue Share, By Regions, 2019 & 2026F |
|
Figure 7. Nigeria Diesel Genset Market - Industry Life Cycle, 2019 |
|
Figure 8. Nigeria Energy Demand, 2010–2030 (MW) |
|
Figure 9. Nigeria Urban Vs Rural Population, 2010–2022 (Million) |
|
Figure 10. Nigeria 5 kVA-75 kVA Diesel Genset Market Revenues and Volume, 2016-2026F ($ Million, Thousand Units) |
|
Figure 11. Nigeria 75.1 kVA-375 kVA Diesel Genset Market Revenues and Volume, 2016-2026F ($ Million, Thousand Units) |
|
Figure 12. Nigeria 375.1 kVA-750 kVA Diesel Genset Market Revenues and Volume, 2016-2026F ($ Million, Thousand Units) |
|
Figure 13. Nigeria 750.1kVA-1000kVA Diesel Genset Market Revenues and Volume, 2016-2026F ($ Million, Thousand Units) |
|
Figure 14. Nigeria Above 1000 kVA Diesel Genset Market Revenues and Volume, 2016-2026F ($ Million, Units) |
|
Figure 15. Nigeria 5kVA-75kVA Diesel Genset Market Price Trend, 2016-2026F ($/unit) |
|
Figure 16. Nigeria 75.1 kVA-375 kVADiesel Genset Market Price Trend, 2016-2026F ($/unit) |
|
Figure 17. Nigeria 375.1 kVA-750 kVA Diesel Genset Market Price Trend, 2016-2026F ($/unit) |
|
Figure 18. Nigeria 750.1kVA-1000kVA Diesel Genset Market Price Trend, 2016-2026F ($/unit) |
|
Figure 19. Nigeria Above 1000kVA Diesel Genset Market Price Trend, 2016-2026F ($/unit) |
|
Figure 20. Nigeria Diesel Genset Market Revenues and Volume, By Residential Vertical 2016-2026F ($ Million, Thousand Units) |
|
Figure 21. Nigeria Diesel Genset Market Revenues and Volume, By Telecom Vertical 2016-2026F ($ Million, Thousand Units) |
|
Figure 22. Nigeria Diesel Genset Market Revenues and Volume, By Oil & Gas and Power Utilities Vertical 2016-2026F ($ Million, Thousand Units) |
|
Figure 23. Nigeria Diesel Genset Market Revenues and Volume, By Commercial Vertical 2016-2026F ($ Million, Thousand Units) |
|
Figure 24. Nigeria Diesel Genset Market Revenues and Volume, By Manufacturing Vertical 2016-2026F ($ Million, Thousand Units) |
|
Figure 25. Nigeria Diesel Genset Market Revenues and Volume, By Retail & Logistic Vertical 2016-2026F ($ Million, Thousand Units) |
|
Figure 26. Nigeria Diesel Genset Market Revenues and Volume, By Other Verticals 2016-2026F ($ Million, Thousand Units) |
|
Figure 27. Nigeria Northern Region Diesel Genset Market Revenues, 2016-2019 ($ Million) |
|
Figure 28. Nigeria Northern Region Diesel Genset Market Revenues, 2020E-2026F ($ Million) |
|
Figure 29. Nigeria Southern Region Diesel Genset Market Revenues, 2016-2019 ($ Million) |
|
Figure 30. Nigeria Southern Region Diesel Genset Market Revenues, 2020E-2026F ($ Million) |
|
Figure 31. Nigeria Diesel Genset Import, By Country, 2019 ($ Million) |
|
Figure 32. Nigeria Diesel Up to 75 kVA Genset Import, By Country, 2019 ($ Million) |
|
Figure 33. Nigeria Diesel 75.1 to 375 kVA Genset Import, By Country, 2019 ($ Million) |
|
Figure 34. Nigeria Nigeria Diesel Above 375 kVA Genset Import, By Country, 2019 ($ Million) |
|
Figure 35. Nigeria Telecom Towers, 2016-2026F (Thousand units) |
|
Figure 36. Nigeria Commercial Bank Branches, 2015-2025F (Units) |
|
Figure 37. Nigeria GDP From Mining and Quarrying, Q1,2019-Q3,2018 (NGN Million) |
|
Figure 38. Nigeria Hybrid Solar Diesel Genset Market Revenues and Volume, 2016-2026F ($ Million, Thousand Units) |
|
Figure 39. Nigeria Key Ministries Capital Expenditure, 2019 Vs. 2018 Budget ($ Million) |
|
Figure 40. Nigeria Oil and Non-Oil Sector Revenues, 2019 & 2018 ($ Billion) |
|
Figure 41. Nigeria Diesel Genset Market Opportunity Assessment, By kVA Ratings, 2026F |
|
Figure 42. Nigeria Diesel Genset Market Opportunity Assessment, By Verticals, 2026F |
|
Figure 43. Nigeria Diesel Genset Market Revenues, By Brands, 2019 |
|
Figure 44. Nigeria Total Number of Telecom Subscriptions, 2014-2020 (Million) |
|
List of Tables |
|
Table 1. Nigeria Major Infrastructure Projects |
|
Table 2. Nigeria Industrial Sector Ongoing Projects |
|
Table 3. Impact Analysis of COVID-19 on Nigeria Diesel Genset Market |
|
Table 4. Cost Items for CAPEX s OPEX Analysis, 2020 ($) |
|
Table 5. Fuel Consumption for CAPEX s OPEX Analysis, 2020 |
|
Table 6. Nigeria Cross-sector Plans Under Economy Recovery Growth Plan |
Pricing
- Single User License$ 1,995
- Department License$ 2,400
- Site License$ 3,120
- Global License$ 3,795
Search
Related Reports
- Cogeneration Equipment Market (2024-2030) | Revenue, Analysis, Trends, Value, Outlook, Companies, Forecast, Share, Industry, Size & Growth
- Carbon Credit Market (2024-2030) | Trends, Value, Revenue, Outlook, Forecast, Size, Analysis, Growth, Industry, Share, Segmentation
- Chocolate Market (2024-2030) | Size, Value, Industry, Share, Revenue, Forecast, Trends, Growth, Analysis
- Czech Republic Crude Sulfate Turpentine Market Outlook | Size, Forecast, Growth, Share, Analysis, Trends, Value, Companies, COVID-19 IMPACT, Revenue & Industry
- Poland Crude Sulfate Turpentine Market Outlook | Revenue, Value, Share, Growth, Forecast, COVID-19 IMPACT, Size, Industry, Analysis, Trends & Companies
- Germany Stainless Steel Commercial Kitchen Appliances Market (2024-2030) | Segmentation, Growth, Outlook, Share, Analysis, Industry, Companies, Value, Size & Revenue, Forecast, Trends
- Bus Market (2024-2030) | Trends, Size, Value, Forecast, Growth, Share, Companies, Analysis, Revenue & Industry
- Canned Food Market (2024-2030) | companies, industry, Size, Share, Revenue, Forecast, Trends, Analysis, Growth, Value, Outlook
- India Video Surveillance Market (2024-2030) | Size, industry, Share, Trends, Revenue, Analysis, Forecast, Growth, Value, Outlook
- India Air Conditioner (AC) Market (2024-2030) | Share, Size, Growth, Industry, Segmentation, Trends, Value, Revenue, Analysis & Outlook
Industry Events and Analyst Meet
EV INDIA EXPO 2024
Automechanika Dubai
The Arab Desk
Smart Home Expo 2025
Print Expo 2024
Our Clients
Whitepaper
- Middle East & Africa Commercial Security Market Click here to view more.
- Middle East & Africa Fire Safety Systems & Equipment Market Click here to view more.
- GCC Drone Market Click here to view more.
- Middle East Lighting Fixture Market Click here to view more.
- GCC Physical & Perimeter Security Market Click here to view more.
6WResearch In News
- India's Printer Market Faces 20.7% Decline in Q4 2023: Epson and HP Lead Amidst Downturn
- India's Camera Market Sees 8.9% Decline in Q4 2023; Canon Leads with 38.4% Share
- Doha a strategic location for EV manufacturing hub: IPA Qatar
- Demand for luxury TVs surging in the GCC, says Samsung
- Empowering Growth: The Thriving Journey of Bangladesh’s Cable Industry
- The future of gaming industry in the Philippines
