Nigeria HVAC Systems Market (2021-2027) | Forecast, Trends, Share, Companies, Analysis, Value, Industry, COVID-19 IMPACT, Outlook, Growth, Revenue & Size
Market Forecast By Product Type (Heating, Cooling, Ventilation), By End-User (Residential, Commercial, Industrial), By Region (Northern, Western, Mid-Western, Eastern) And Competitive Landscape
| Product Code: ETC060826 | Publication Date: May 2021 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 74 | No. of Figures: 14 | No. of Tables: 7 |
Nigeria HVAC Systems market report comprehensively covers the market by components, application, and region. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, and market drivers, which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Nigeria HVAC Systems Market Synopsis
Nigeria HVAC Systems Market has witnessed a fall in revenues during 2020 due to the ongoing pandemic of COVID-19, which resulted in a suspension of economic activities, reduced oil prices, decreased Nigerian financial revenues and lockdown across different states of the country. This further has led to disruption in the supply of HVAC systems and international trade. However, the upsurge in the construction activities, rising urbanization projects in different states of the country, growing rate of investments and rapid developmental projects launched by the Nigerian government would be the key catalysers for the overall growth of the HVAC Systems market in Nigeria.
According to 6Wresearch, Nigeria HVAC Systems Market size is projected to grow at CAGR of 11.9% during 2021-27. Numerous construction projects in Nigeria, on account of bilateral agreements with American and Chinese companies and financial support from the Nigerian state-owned facilities, construction of industrial parks, tech-parks, SEZs, construction-related projects such as the Abuja World Trade Center project would boost the demand for the air-conditioners, chillers, boilers and related components installation across residential, commercial, and industrial verticals in the coming years.
Market Analysis by Type
By product types, cooling segment comprise a significant share in the Nigerian market revenues in 2020. On the account of the country's hot climate additionally, the market is gaining popularity owing to advent of novel technologically advanced products as these are energy efficient thus, likely to increase HVAC demand in the forecast period.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2017 to 2020.
- Base Year: 2020
- Forecast Data until 2027.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- Nigeria HVAC Systems Market Overview
- Nigeria HVAC Systems Market Outlook
- Nigeria HVAC Systems Market Forecast
- Historical Data and Forecast of Nigeria HVAC Systems Market Revenues for the Period 2017-2027F
- Historical Data and Forecast of Market Revenues, By Product Types, for the Period 2017-2027F
- Historical Data and Forecast of Market Revenues, By Applications, for the Period 2017-2027F
- Historical Data and Forecast of Market Revenues, By Regions, for the Period 2017-2027F
- Market Drivers and Restraints
- Nigeria HVAC Systems Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Nigeria HVAC Systeoms Market Share, By Companies
- Impact Analysis of COVID-19
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recmmendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
- By Product Type
- Heating
- Ventilation
- Cooling
- By Applications
- Residential
- Commercial
- Industrial
- By Region
- Northern
- Western
- Mid-Western
- Eastern
Other Key Reports Available:
- Kenya HVAC Systems Market (2021-2027F)
- Egypt HVAC Systems Market (2021-2027F)
- Turkey HVAC Systems Market (2021-2027F)
Nigeria HVAC Systems Market: FAQs
The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
The Nigeria HVAC Systems Market revenue is anticipated to record a CAGR of 11.9% during 2021-27.
The cooling segment has dominated the market revenues led by the growing demand of the product in cold storage industry.
The residential sector would record key growth throughout the forecast period 2021-27.
The key players of the market include- Carrier Corporation, Chigo Holding Ltd., Daikin Industries Ltd., Johnson Controls Inc. (York), LG Electronics Inc., Midea Group Co. Ltd, Mitsubishi Electric Corporation, Panasonic Corporation, Samsung Electronics Co. Ltd., Trane Inc., Blue Star Ltd
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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.
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1. Executive Summary |
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2. Introduction |
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2.1 Report Description |
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2.2 Key Highlights of the Report |
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2.3 Market Scope & Segmentation |
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2.4 Research Methodology |
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2.5 Assumptions |
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3. Nigeria HVAC Systems Market Overview |
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3.1 Nigeria HVAC Systems Market Revenues, 2017-2027F |
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3.2 Nigeria HVAC Systems Market-Industry Life Cycle |
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3.3 Nigeria HVAC Systems Market-Porter’s Five Forces |
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3.4 Nigeria HVAC Systems Market COVID-19 Impact Analysis |
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3.5 Nigeria HVAC Systems Market Revenues Share, By Product Types, 2020 & 2027F |
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3.6 Nigeria HVAC Systems Market Revenues Share, By Applications, 2020 & 2027F |
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3.7 Nigeria HVAC Systems Market Revenues Share, By Regions, 2020 & 2027F |
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4. Nigeria HVAC Systems Market Dynamics |
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4.1 Impact Analysis |
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4.2 Market Drivers |
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4.3 Market Restraints |
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5. Nigeria HVAC Systems Market Trends & Evolution |
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6. Nigeria HVAC Systems Market Overview, By Product Types |
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6.1 Nigeria HVAC Systems Market Revenues, By Heating, 2017-2027F |
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6.2 Nigeria HVAC Systems Market Revenues, By Ventilation, 2017-2027F |
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6.3 Nigeria HVAC Systems Market Revenues, By Cooling, 2017-2027F |
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7. Nigeria HVAC Systems Market, By Applications |
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7.1 Nigeria HVAC Systems Market Revenues, By Residential, 2017-2027F |
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7.2 Nigeria HVAC Systems Market Revenues, By Commercial, 2017-2027F |
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7.3 Nigeria HVAC Systems Market Revenues, By Industrial, 2017-2027F |
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8. Nigeria HVAC Systems Market, By Regions |
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8.1 Nigeria HVAC Systems Market Revenues, By Northern, 2017-2027F |
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8.2 Nigeria HVAC Systems Market Revenues, By Western Region, 2017-2027F |
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8.3 Nigeria HVAC Systems Market Revenues, By Mid- Western, 2017-2027F |
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8.4 Nigeria HVAC Systems Market Revenues, By Eastern, 2017-2027F |
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9. Nigeria HVAC Systems Market Key Performance Indicators |
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10. Nigeria HVAC Systems Market opportunity Assessment |
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10.1 Nigeria HVAC Systems Market Revenues, By Product Types, 2027F |
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10.2 Nigeria HVAC Systems Market Revenues, By Applications, 2027F |
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10.3 Nigeria HVAC Systems Market Revenues, By Regions, 2027F |
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11. Nigeria HVAC Systems Market Competitive Landscape |
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11.1 Nigeria HVAC Systems Market Revenues Share, By Companies, 2020 |
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11.2 Nigeria HVAC Systems Market Revenues Share, By Technical & Operating Parameters |
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12. Company Profiles |
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12.1 Carrier Corporation |
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12.2 Chigo Holding Ltd. |
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12.3 Daikin Industries Ltd. |
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12.4 Johnson Controls Inc. (York) |
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12.5 LG Electronics Inc. |
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12.6 Midea Group Co. Ltd |
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12.7 Mitsubushi Electric Corporation |
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12.8 Panasonic Corporation |
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12.9 Samsung Electronics Co. Ltd. |
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12.10 Trane Inc. |
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12.11 Blue Star Ltd. |
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13. Key Strategic Recommendation |
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14. Disclaimer |
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List of Figures |
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Figure 1. Nigeria HVAC Systems Market Revenues, 2017-2027F (USD Million) |
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Figure 2. Nigeria HVAC Market Revenue Share, By Product Types, 2020 & 2027F |
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Figure 3. Nigeria HVAC Market Revenue Share, By Applications, 2020 & 2027F |
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Figure 4. Nigeria HVAC Market Revenue Share, By Regions, 2020 & 2027F |
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Figure 5. Nigeria Urban Population, 2016-2021 (Million) |
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Figure 6. Lagos Cost Breakdown of the Standard CAHF House, 2020 |
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Figure 7. Nigeria Construction Sector and Real Estate GDP Growth Rate, |
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Figure 8. Nigeria Capital Import in Construction Sector, 2016-2020 ($ Million) |
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Figure 9. Nigeria Average Annual Investment 2016-40 ($ Billion) |
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Figure 10. Nigeria Infrastructure Investment, as a percentage of GDP, 2021 |
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Figure 11. Nigeria HVAC Systems Market Opportunity Assessment, By Product Types, 2027F |
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Figure 12. Nigeria HVAC Systems Market Opportunity Assessment, By Applications, 2027F |
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Figure 13. Nigeria HVAC Systems Market Opportunity Assessment, By Regions, 2027F |
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Figure 14. Nigeria HVAC Systems Market Revenue Share, By Companies, 2020 |
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List of Tables |
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Table 1. Nigeria Ongoing Skyscraper Projects |
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Table 2. Nigeria Upcoming Hotels, 2022-23 (Contd.) |
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Table 3. Nigeria Average Costs of HVAC Units, as in 2021. |
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Table 4. Nigeria HVAC Systems Market Revenues, By Product Types, 2017-2027F ($ Million) |
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Table 5. Nigeria HVAC Systems Market Revenues, By Applications, 2017-2027F($ Million) |
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Table 6. Nigeria HVAC Systems Market Revenues, By Regions, 2017-2027F($ Million) |
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Table 7. Nigeria Cumulative Infrastructure Investment Estimate, 2016-40 ($ Billion) |
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