Nigeria Switchgear Market (2024-2030) | Analysis, Trends, Revenue, Size, Value, Companies, Growth, Share, Forecast & Industry
Market Forecast By Voltage (Low Voltage Switchgear, Medium Voltage Switchgear, High Voltage Switchgear), By Insulation (Medium Voltage Switchgear (Air Insulated, Gas Insulated), High Voltage Switchgear (Air Insulated, Gas Insulated), Low Voltage Switchgear (MCB, MCCB, C&R, ACB, COS, Others)) By Applications (Residential, Commercial, Industrial, Power Utilities) And Competitive Landscape.
| Product Code: ETC001689 | Publication Date: Dec 2023 | Updated Date: May 2024 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Nigeria Switchgear Market Competition 2023
Nigeria Switchgear market currently, in 2023, has witnessed an HHI of 1618, Which has increased slightly as compared to the HHI of 1544 in 2017. The market is moving towards moderately competitive. 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.
Topics Covered in the Nigeria Switchgear Market
Nigeria Switchgear Market report thoroughly covers the market by voltage, by insulation, and by applications. The market outlook 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 devise and align their market strategies according to the current and future market dynamics.
Nigeria Switchgear Market Synopsis
Nigeria Switchgear Market is anticipated to project moderate growth during the forthcoming years on account of rising disposable income. The growing demand for efficient transmission and distribution sector is driving the Nigeria Switchgear Market Growth. Additionally, the rising inclination towards the development of renewable energy is also one of the key factors driving the development of the market. Switchgears are widely used to protect, monitor, and control the electric equipment which is further adding to the Nigeria Switchgear Market Share.
According to 6Wresearch, the Nigeria Switchgear Market size is anticipated to grow at a CAGR of 8.48% during the forecast period of 2024-2030. The future of the switchgear market in Nigeria is looking bright with the continuous investment in infrastructure development, including power transmission and distribution networks. This will drive the demand for switchgear to support the expansion and modernization of the electrical grid. The government has set targets to increase the share of renewable energy in the country's energy mix. This shift towards clean energy sources will require the installation of switchgear to integrate renewable energy systems into the grid. The Nigeria Switchgear Market is projected to grow in the future years due to infrastructure development, urbanization, industrial growth, and the need for reliable and efficient power distribution. Also, the country has been investing in upgrading its electrical infrastructure and expanding its power generation capacity to meet the surging energy demand. In general, switchgear refers to a combination of electrical disconnect switches and fuses or circuit breakers to control protect and isolate electrical equipment. Furthermore, the government of Nigeria has made efforts to improve the country's power sector through initiatives such as the Power Sector Recovery Program (PSRP) and the National Mass Metering Program (NMMP) to enhance electricity access, distribution, and metering.
Key players in the Nigeria Switchgear Market
The Nigeria switchgear market has several key players that are involved in the manufacturing, distribution, and supply of switchgear products. Some of the prominent players in the market includes
- Schneider Electric Nigeria Limited
- ABB Nigeria Limited
- Siemens Nigeria Limited
- General Electric (GE) Nigeria
- Legrand Nigeria Limited
- Crompton Greaves Nigeria Limited
Government policies and schemes introduced in the Nigeria Switchgear Market
The Nigeria Switchgear Market is one of the fastest growing markets in the power distribution field. The country has been making strides in improving its power sector to drive economic growth and reduce dependence on oil production. The government has introduced many policies and schemes in the switchgear market to help increase efficiency, reliability, and safety.
Scheme for the Promotion of On-Grid Solar Systems- The government has been promoting the use of renewable energy sources as part of the country's efforts to achieve sustainable power generation. The SPOGSS scheme provides capacity building and subsidizes the purchase of equipment for solar power systems in public institutions, particularly healthcare facilities and schools located in rural areas. The scheme has served as a catalyst for innovation in the solar switchgear market, as local companies have been developing solar-powered switchgear to complement the push for renewable energy.
National Mass Metering Program- The National Mass Metering Program (NMMP) launched in October 2020 is a new policy aimed at resolving the metering gap in Nigeria. The program provides funding for the procurement and installation of over 6 million pre-paid meters for households and businesses in Nigeria. The NMMP is expected to boost the country's power sector by increasing electrification rates, providing energy efficiency, and reducing technical losses. The program is also a significant boost to the Nigeria switchgear market, as it ensures the installation of more reliable and high-quality switchgear equipment.
Market Analysis by Voltage
According to Pallavi, Senior Research Analyst, 6Wresearch, the low voltage switchgear segment dominates the Nigeria switchgear industry. The country's urbanization is driving the demand for low-voltage switchgear, mainly in the commercial and residential sectors.
Market Analysis by Insulation
By Insulation, the air insulated segment among medium voltage switchgear is expected to register significant growth during the forthcoming years.
Market Analysis by Applications
In terms of Applications, the commercial sector has been the fastest-growing application segment, especially in the retail, healthcare, and hospitality industries. This has increased the demand for switchgear in the market, which includes protection against electrical faults, overloads, and short circuits.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2020 to 2023.
- Base Year: 2023
- Forecast Data until 2030.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Reports
- Nigeria Switchgear Market Overview
- Nigeria Switchgear Market Outlook
- Nigeria Switchgear Market Forecast
- Historical Data of Nigeria Switchgear Market Revenues & Volume for the Period 2020-2030
- Nigeria Switchgear Market Size and Nigeria Switchgear Market Forecast of Revenues & Volume, Until 2030
- Historical Data of Nigeria Switchgear Market Revenues & Volume, By Voltage, for the Period 2020-2030
- Market Size & Forecast of Nigeria Switchgear Market Revenues & Volume, By Voltage, Until 2030
- Historical Data of Nigeria Switchgear Market Revenues & Volume, By Insulation, for the Period 2020-2030
- Market Size & Forecast of Nigeria Switchgear Market Revenues & Volume, By Insulation, Until 2030
- Historical Data of Nigeria Switchgear Market Revenues & Volume, By Applications, for the Period 2020-2030
- Market Size & Forecast of Nigeria Switchgear Market Revenues & Volume, By Applications, Until 2030
- Market Drivers and Restraints
- Nigeria Switchgear Market Price Trends
- Nigeria Switchgear Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Nigeria Switchgear Market Share, By Players
- Nigeria Switchgear Market Share, By Regions
- Nigeria Switchgear Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Covered
The report offers a comprehensive study of the subsequent market segments:
By Voltage
- Low Voltage Switchgear
- Medium Voltage Switchgear
- High Voltage Switchgear
By Insulation
Medium Voltage Switchgear
- Air Insulated
- Gas Insulated
High Voltage Switchgear
- Air Insulated
- Gas Insulated
Low Voltage Switchgear
- MCB
- MCCB
- C&R
- ACB
- COS
- Others
By Applications
- Residential
- Commercial
- Industrial
- Power Utilities
Nigeria Switchgear Market (2024-2030): FAQs
Several factors influence the Nigeria switchgear market. Aging infrastructure, government investments in infrastructure developments, increased renewable power generation capacity, and the need for safe and reliable power equipment are the most significant.
Nigeria switchgear market is highly competitive, with several prominent companies operating within the market. These companies include: General Electric, ABB, Siemens, Schneider Electric, Eaton Corporation plc, and others.
The most commonly used switchgear in Nigeria power systems are Air-Insulated switchgear (AIS), Gas-Insulated switchgear (GIS), and Hybrid switchgear. AIS is more prevalent in distribution systems, while GIS is more commonly used in transmission and high voltage applications.
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 |
| 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 Switchgear Market Overview |
| 3.1 Nigeria Country Indicators |
| 3.2 Nigeria Switchgear Market Revenues & Volume 2020-2030F |
| 3.3 Nigeria Switchgear Market Revenue Share, By Voltage, 2020 & 2030F |
| 3.4 Nigeria Switchgear Market Revenue Share, By Insulation, 2020 & 2030F |
| 3.5 Nigeria Switchgear Market Revenue Share, By Application, 2020 & 2030F |
| 3.6 Nigeria Switchgear Market - Industry Life Cycle |
| 3.7 Nigeria Switchgear Market - Porter’s Five Forces |
| 4. Nigeria Switchgear Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5. Nigeria Switchgear Market Trends |
| 6. Nigeria Switchgear Market Overview, By Voltage |
| 6.1 Nigeria Switchgear Market Revenues & Volume, By Low Voltage Switchgear 2020-2030F |
| 6.2 Nigeria Switchgear Market Revenues & Volume, By Medium Voltage Switchgear 2020-2030F |
| 6.3 Nigeria Switchgear Market Revenues & Volume, By High Voltage Switchgear 2020-2030F |
| 7. Nigeria Switchgear Market Overview, By Insulation |
| 7.1 Nigeria Switchgear Market Revenues, By Medium Voltage Switchgear, 2020-2030F |
| 7.2 Nigeria Switchgear Market Revenues, By High Voltage Switchgear, 2020-2030F |
| 7.3 Nigeria Switchgear Market Revenues, By Low Voltage Switchgear, 2020-2030F |
| 8. Nigeria Switchgear Market Overview, By Application |
| 8.1 Nigeria Switchgear Market Revenues & Volume, By Residential, 2020-2030F |
| 8.2 Nigeria Switchgear Market Revenues & Volume, By Commercial, 2020-2030F |
| 8.3 Nigeria Switchgear Market Revenues & Volume, By Industrial, 2020-2030F |
| 8.4 Nigeria Switchgear Market Revenues & Volume, By Power Utilities, 2020-2030F |
| 9. Nigeria Switchgear Market - Key Performance Indicators |
| 10. Nigeria Switchgear Market - Opportunity Assessment |
| 10.1 Nigeria Switchgear Market Opportunity Assessment, By Voltage 2030F |
| 10.2 Nigeria Switchgear Market Opportunity Assessment, By Insulation 2030F |
| 10.3 Nigeria Switchgear Market Opportunity Assessment, By Application, 2030F |
| 11. Nigeria Switchgear Market Competitive Landscape |
| 11.1 Nigeria Switchgear Market Revenue Share, By Company, 2023 |
| 11.2 Nigeria Switchgear Market Competitive Benchmarking, By Operating & Technical Parameters |
| 12. Company Profiles |
| 13. Key Recommendations |
| 14. Disclaimer |
Market Forecast By Voltage (Low Voltage Switchgear, Medium Voltage Switchgear, High Voltage Switchgear), By Insulation (Medium Voltage Switchgear (Air Insulated, Gas Insulated), High Voltage Switchgear (Air Insulated, Gas Insulated), Low Voltage Switchgear (MCB, MCCB, C&R, ACB, COS, Others)) By Applications (Residential, Commercial, Industrial, Power Utilities) And Competitive Landscape.
| Product Code: ETC001689 | Publication Date: May 2022 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Nigeria Switchgear Market is projected to grow over the coming year. Nigeria Switchgear Market report is a part of our periodical regional publication Africa Switchgear Market outlook report. 6W tracks Switchgear market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titled Global Switchgear Market outlook report annually.
Nigeria Switchgear Market report comprehensively covers the market by Voltage, Types, application and Insulation. The market 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 devise and align their market strategies according to the current and future market dynamics.
Nigeria Switchgear Market Synopsis
Nigeria Switchgear Market is anticipated to project moderate growth during the forthcoming years on account of surging disposable income. The growing demand for efficient transmission and distribution sector is driving the Nigeria Switchgear Market Growth. Additionally, the rising inclination towards the development of renewable energy is also one of the key factors driving the development of the market. Switchgears are widely used to protect, monitor and control the electric equipment which is further adding to the Nigeria Switchgear Market Share.
According to 6Wresearch, Nigeria Switchgear Market size is projected to register growth during 2022-2028. The growing usage of switchgears in various sector such as residential, commercial and industrial beholds the development of the market. The development of new infrastructure including power plants for reliable power operation is contributing to the Nigeria Switchgear Market Revenue. However, the outburst of coronavirus pandemic hampered the development of the market owing to disruption in supply chain. The global health emergency severely impacted the supply chain of switchgears. The economic slow-down owing to the partial or complete lockdown by the government declined the development of the market.
Market Analysis by Insulation
On the basis of insulation, the air insulated segment among medium voltage switchgear is expected to register significant growth during the forthcoming years.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2018 to 2021.
- Base Year: 2021.
- Forecast Data until 2028.
- Key Performance Indicators Impacting the Market.
Key Highlights of Switchgear Report
- Nigeria Switchgear Market Overview
- Nigeria Switchgear Market Outlook
- Nigeria Switchgear Market Forecast
- Historical Data and Forecast of Nigeria Switchgear Market Revenues, By Voltage and By Applications for the Period 2018-2028F
- Historical Data and Forecast of Nigeria Low Voltage Switchgear Market Revenues, By Types for the Period 2018-2028F
- Historical Data and Forecast of Nigeria Low Voltage Switchgear Market Revenues, By Applications for the Period 2018-2028F
- Historical Data and Forecast of Nigeria Medium Voltage Switchgear Market Revenues, By Insulation Types for the Period 2018-2028F
- Historical Data and Forecast of Nigeria Medium Voltage Switchgear Market Revenues, By Applications for the Period 2018-2028F
- Historical Data and Forecast of Nigeria High Voltage Switchgear Market Revenues, By Types for the Period 2018-2028F
- Historical Data and Forecast of Nigeria High Voltage Switchgear Market Revenues, By Applications for the Period 2018-2028F
- Market Drivers and Restraints
- Nigeria Switchgear Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Market Player’s Revenue Shares
- Market Competitive Benchmarking
- Nigeria Switchgear Market Share, By Company
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
- By Voltage
- Low Voltage (0-1.1 kV)
- Medium Voltage (1.1-36 kV)
- High Voltage (>36 kV)
- By Low Voltage
- Types
- MCB
- MCCB
- ACB
- Others (Distribution Boards, Contactors, Relays, Starters, Fuses, COS, MPCB)
- Applications
- Residential
- Commercial
- Power Utilities
- Industrial
- Others (Transportation, Oil and Gas)
- By Medium Voltage
- Insulation Types
- AIS
- GIS
- Applications
- Residential
- Commercial
- Power Utilities
- Industrial
- Others (Transportation, Oil and Gas)
- By High Voltage
- Insulation Types
- AIS
- Others (GIS, Oil Insulated)
- Applications
- Residential
- Commercial
- Power Utilities
- Industrial
- Others (Transportation, Oil and Gas)
Market Forecast By Voltage (Low Voltage Switchgear, Medium Voltage Switchgear, High Voltage Switchgear), By Insulation (Medium Voltage Switchgear (Air Insulated, Gas Insulated), High Voltage Switchgear (Air Insulated, Gas Insulated), By Types (Low Voltage, Medium Voltage), By Applications (Residential, Commercial, Industrial, Power Utilities) And Competitive Landscape
| Product Code: ETC001689 | Publication Date: Mar 2020 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Nigeria switchgear market has registered slow growth in the past three years owing to the economic slowdown in the country due to drop in crude oil prices, foreign exchange shortages in the country and lack of robust power infrastructure in the country along with the existing power plants are operating at only one-third of their potential capacity.
According to 6Wresearch, Nigeria Switchgear Market size is anticipated to register growth during 2020-26. With an increase in investment in the non-oil & gas sectors, especially in commercial and industrial sectors would result in vigorous growth in the switchgear market over the forthcoming years. In 2019, the government has allocated more than 20 percent of its Federal Government Budget for power and electricity projects accounting for $6.13 billion which would lead to a surge in demand for switchgear market during the forecast period.
Based on insulation, the Nigeria Switchgear market is dominated by gas-insulated switchgear on account of technological and economic advantages associated with it over air-insulated switchgear. Based on voltage, Low voltage switchgear acquired the maximum revenue share in the overall switchgear market of the region on account of the widespread deployment of low voltage switchgear across the commercial and industrial domains.
The Nigeria Switchgear market report thoroughly covers the market by types, voltage, insulation, applications, and regions. The Nigeria Switchgear market outlook report provides an unbiased and detailed analysis of the on-going Nigeria Switchgear market trends, 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.
Key Highlights of the Report:
- Nigeria Switchgear Market Overview
- Nigeria Switchgear Market Outlook
- Nigeria Switchgear Market Forecast
- Historical Data of Nigeria Switchgear Market Revenues & Volume for the Period 2016-2019
- Nigeria Switchgear Market Size and Nigeria Switchgear Market Forecast of Revenues & Volume, Until 2026
- Historical Data of Nigeria Switchgear Market Revenues & Volume, By Types, for the Period 2016-2019
- Market Size & Forecast of Nigeria Switchgear Market Revenues & Volume, By Types, Until 2026
- Historical Data of Nigeria Switchgear Market Revenues & Volume, By Voltage, for the Period 2016-2019
- Market Size & Forecast of Nigeria Switchgear Market Revenues & Volume, By Voltage, Until 2026
- Historical Data of Nigeria Switchgear Market Revenues & Volume, By Insulation, for the Period 2016-2019
- Market Size & Forecast of Nigeria Switchgear Market Revenues & Volume, By Insulation, Until 2026
- Historical Data of Nigeria Switchgear Market Revenues & Volume, By Applications, for the Period 2016-2019
- Market Size & Forecast of Nigeria Switchgear Market Revenues & Volume, By Applications, Until 2026
- Market Drivers and Restraints
- Nigeria Switchgear Market Price Trends
- Nigeria Switchgear Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Nigeria Switchgear Market Share, By Players
- Nigeria Switchgear Market Share, By Regions
- Nigeria Switchgear Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered
The Nigeria Switchgear Market report provides a detailed analysis of the following market segments:
- By Voltage:
- Low Voltage Switchgear
- Medium Voltage Switchgear
- High Voltage Switchgear
- By Insulation:
- Medium Voltage Switchgear
- Air Insulated
- Gas Insulated
- Others
- High Voltage Switchgear
- Air Insulated
- Gas Insulated
- Others
- Medium Voltage Switchgear
- By Types:
- Low Voltage Switchgear
- MCB
- MCCB
- C&R
- ACB
- COS
- Others
- Medium Voltage Switchgear
- Indoor Switchgear (ISG)
- Outdoor Switchgear (OSG)
- Others
- Low Voltage Switchgear
- By Applications:
- Residential
- Commercial
- Industrial
- Power Utilities
- Other
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