Nigeria Air Conditioner Market (2016-2022) | Size, Analysis, Outlook, Share, Forecast, Trends, Growth, Value, Industry, Revenue & Companies

Market Forecast by AC Types (Window AC, Split AC, Ducted Split AC, Packaged AC, Free Standing AC, Cassette AC and Centralized AC), Applications (Residential, Hospitality, Retail, Commercial Offices, Industrial and Others) and Regions (Northern Region and Southern Region)

Product Code: ETC000296	Publication Date: Mar 2016	Updated Date: May 2024	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 115	No. of Figures: 38	No. of Tables: 9

Nigeria Air Conditioner Market Competition 2023

Nigeria Air Conditioner market currently, in 2023, has witnessed an HHI of 8102, Which has increased slightly as compared to the HHI of 4337 in 2017. The market is moving towards Highly 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.

Government initiatives to improve the economy of the country, rising investments and expanding urban population with developing income level are acting as the key drivers for growing air conditioners market in Nigeria. Further, with intensifying construction activities in residential and commercial sectors, the market is expected to register growth in the coming years.According to 6Wresearch, Nigeria's Air Conditioner market is projected to grow at a CAGR of 5.70% during 2016-22. In 2015, Nigerian air conditioner market declined due to declining oil prices and weak economic conditions. The economy is expected to regain growth in the next two years, which would drive several infrastructure development activities in the country. Over the next six years, centralized air conditioner market is estimated to grow at a healthy growth rate owing to increasing construction activities in commercial sector.Southern region of the country is the key revenue generating region in the overall market. Lagos city has led for the growth of the southern region as compared to northern region. Also, with upcoming mega projects in the city demand for higher tonnage air conditioners would surge.The report thoroughly covers the air conditioner market by types, applications, and regions. The report provides the unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers, which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

• Historical & Forecast data of Global Air Conditioner Market for the Period 2010-2022F.
• Historical & Forecast data of Nigeria Air Conditioner Market Revenue for the Period 2010-2022F.
• Historical & Forecast data of Nigeria Window AC Market Revenue & Volume for the Period 2010-2022F.
• Historical & Forecast data of Nigeria Split AC Market Revenue & Volume for the Period 2010-2022F.
• Historical & Forecast data of Nigeria Floor Standing AC Market Revenue & Volume for the Period 2010-2022F.
• Historical & Forecast data of Nigeria Cassette AC Market Revenue & Volume for the Period 2010-2022F.
• Historical & Forecast data of Nigeria Packaged AC Market Revenue & Volume for the Period 2010-2022F.
• Historical & Forecast data of Nigeria Ducted Split AC Market Revenue & Volume for the Period 2010-2022F.
• Historical & Forecast data of Nigeria Centralized AC Market Revenue for the Period 2010-2022F.
• Historical & Forecast data of Nigeria Centralized AC Market Revenue, By Components for the Period 2010-2022F.
• Historical & Forecast data of Nigeria Air Conditioner Application Market Revenue for the period 2010-2022F.
• Historical data of Nigeria Air Conditioner Regional Market Revenue for the Period 2010-2015.
• Market Size & Forecast of Nigeria Air Conditioner Regional Market Revenue until 2022F.
• Market Trends.
• Players Market Share and Competitive Landscape.
Markets Covered
The report provides the detailed analysis of the following market segments:
• Air Conditioner Types
    o Window AC
    o Split AC
    o Floor Standing
    o Cassette Type
    o Packaged
    o Ducted
    o Centralized
          • Chilling Unit (Chiller/VRF)
          • AHU
          • Others (pipe, valves, ducts, dampers, diffusers)
• Applications
    o Residential
    o Hospitality
    o Commercial Offices
    o Retail
    o Industrial
    o Others
• Regions
    o Northern Region
    o Southern Region

Frequently Asked Questions About the Market Study (FAQs):

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TABLE OF CONTENTS
1 Executive Summary
2 Introduction
    2.1 Key Highlights of the Report
    2.2 Report Description
    2.3 Market Scope & Segmentation
    2.4 Research Methodology
    2.5 Assumption
3 Global Air Conditioner Market Overview
    3.1 Global Air Conditioner Market Revenue (2010-2022F)
    3.2 Global Air Conditioner Market Revenue Share, By Region (2015)
4 Nigeria Air Conditioner Market Overview
    4.1 Nigeria Air Conditioner Market Revenue (2010-2022F)
    4.2 Nigeria Air Conditioner Market Industry Life Cycle
    4.3 Nigeria Air Conditioner Market Opportunistic Matrix
    4.4 Nigeria Air Conditioner Market Porter's Five Forces Analysis
    4.5 Nigeria Air Conditioner Market Revenue Share, By Types (2015 & 2022F)
    4.6 Nigeria Air Conditioner Market Revenue Share, By Application (2015 & 2022F)
    4.7 Nigeria Air Conditioner Market Revenue Share, By Region (2015 & 2022F)
5 Nigeria Air Conditioner Market Dynamics
    5.1 Market Drivers
          5.1.1 Emerging Retail Market
          5.1.2 Growing Construction Market
          5.1.3 Expanding Middle Class Population and Bourgeoning Urbanization Leads to Air Pollution in the Country
    5.2 Market Challenges
          5.2.1 Acute Shortage of Power Supply
6 Nigeria Air Conditioner Market Trends
    6.1 Customization of Air Conditioner
    6.2 Energy Efficient Air Conditioner
    6.3 Import Driven Market
7 Nigeria Air Conditioner Market Overview, By Type
    7.1 Nigeria Window Air Conditioner Market Revenue & Volume (2010-2022F)
    7.2 Nigeria Split Air Conditioner Market Revenue & Volume (2010-2022F)
    7.3 Nigeria Cassette Air Conditioner Market Revenue & Volume (2010-2022F)
    7.4 Nigeria Ducted-Split Air Conditioner Market Revenue & Volume (2010-2022F)
    7.5 Nigeria Packaged Air Conditioner Market Revenue & Volume (2010-2022F)
    7.6 Nigeria Floor Standing Air Conditioner Market Revenue & Volume (2010-2022F)
    7.7 Nigeria Centralized Air Conditioner Market Revenue (2010-2022F)
          7.7.1 Nigeria Centralized Air Conditioner Market, By Chilling Unit
          7.7.2 Nigeria Centralized Air Conditioner Market, By AHU/FCU
          7.7.3 Nigeria Centralized Air Conditioner Market, By Other Components
8 Nigeria Air Conditioner Market Overview, By Application
    8.1 Nigeria Air Conditioner Market Revenue, By Residential Application
    8.2 Nigeria Air Conditioner Market Revenue, By Commercial Office Application
    8.3 Nigeria Air Conditioner Market Revenue, By Industrial Application
    8.4 Nigeria Air Conditioner Market Revenue, By Retail Application
    8.5 Nigeria Air Conditioner Market Revenue, By Hospitality Application
    8.6 Nigeria Air Conditioner Market Revenue, By Other Applications
9 Nigeria Air Conditioner Market, By Region
    9.1 Northern Region Market Revenue
    9.2 Southern Region Market Revenue
10 Competitive Landscape
    10.1 Air Conditioner Pricing Analysis
    10.2 Competitive Benchmarking, By Product
    10.3 Competitive Benchmarking, By Operation
    10.4 Company Revenue Market Share
11 Company Profiles
    11.1 Carrier Corporation
    11.2 Chigo Holding Limited
    11.3 Daikin Industries, Ltd.
    11.4 Johnson Controls, Inc. (York)
    11.5 LG Electronics, Inc.
    11.6 Midea Group Co., Ltd.
    11.7 Mitsubishi Electric Corporation
    11.8 Panasonic Corporation
    11.9 Qingdao Haier Co., Ltd.
    11.10 Samsung Electronics Co., Ltd.
    11.11 Trane Inc.
12 Key Strategic Pointers
13 Disclaimer

List of Figures
Figure 1 Global Air Conditioner Market Revenue, 2010-2015 ($ Billion)
Figure 2 Global Air Conditioner Market Revenue Share, By Region (2015 & 2022F)
Figure 3 Nigeria Air Conditioner Market Revenue,2010-2015 ($ Million)
Figure 4 Nigeria Air Conditioner Market-Industry life Cycle (2015)
Figure 5 Mark- Tunity Matrix (2015)
Figure 6 Nigeria Air Conditioner Market Revenue Share, By Type (2015 & 2022F)
Figure 7 Nigeria Air Conditioner Market Revenue, By Region (2015 & 2022F)
Figure 8 Nigeria Air Conditioner Market Revenue Share, By End User Application (2015 & 2022F)
Figure 9 Nigeria Construction Industry, 2010-2014 ($ Billion)
Figure 10 Capital Importation in Construction Industry in Nigeria, 2010-2014 ($ Million)
Figure 11 Nigeria Urban Population Growth, 2010-2020 (Million)
Figure 12 Cumulative Power Supply Consumed By Nigerian Household in a Day (Qtr. 2,'13 - Qtr. 3,'15)
Figure 13 Average Hours of Power Supply Per Day in Nigeria (Qtr. 2,'13 - Qtr. 3,'15)
Figure 14 Nigeria Window Air Conditioner Market Revenue & Volume (2010-2022F)
Figure 15 Nigeria Split Air Conditioner Market Revenue & Volume (2010-2022F)
Figure 16 Nigeria Cassette Air Conditioner Market Revenue & Volume (2010-2022F)
Figure 17 Nigeria Ducted-Split Air Conditioner Market Revenue & Volume (2010-2022F)
Figure 18 Nigeria Packaged Air Conditioner Market Revenue & Volume (2010-2022F)
Figure 19 Nigeria Floor Standing Air Conditioner Market Revenue & Volume (2010-2022F)
Figure 20 Nigeria Centralized Air Conditioner Market Revenue, 2010-2022F ( $ Million)
Figure 21 Nigeria Centralized Air Conditioner Market Share, By Type (2015 & 2022F)
Figure 22 Nigeria Centralized Air Conditioner Market Revenue, By Chilling Unit, 2010-2022F ($ Million)
Figure 23 Nigeria Centralized Air Conditioner Market Revenue, By AHU/FCU, 2010-2022F ($ Million)
Figure 24 Nigeria Centralized Air Conditioner Market Revenue, By Other Components,2010-2022F($ Million)
Figure 25 Nigeria Air Conditioner Residential Application Market Revenue,2010-2022F ($ Million)
Figure 26 Nigeria Air Conditioner Commercial Office Application Market Revenue,2010-2022F ($ Million)
Figure 27 Nigeria Air Conditioner Industrial Application Market Revenue,2010-2022F ($ Million)
Figure 28 Nigeria Air Conditioner Industrial Application Market Revenue,2010-2022F ($ Million)
Figure 29 Manufacturing Sector Contribution to Nigeria GDP, 2011-2022F (%)
Figure 30 Nigeria Pharmaceutical Market Revenue, 2011-2022F ($ Billion)
Figure 31 Nigeria Air Conditioner Retail Application Market Revenue,2010-2022F ($ Million)
Figure 32 Nigeria Retail Market, 2011-2022F ($ Billion)
Figure 33 Nigeria Air Conditioner Hospitality Application Market Revenue,2010-2022F ($ Million)
Figure 34 Nigeria Air Conditioner Other Applications Market Revenue,2010-2022F ($ Million)
Figure 35 Nigeria Northern Region Air Conditioner Market Revenue, 2010-2022F ($ Million)
Figure 36 Nigeria Southern Region Air Conditioner Market Revenue, 2010-2022F ($ Million)
Figure 37 Nigeria Air Conditioner Market Revenue Share, By Company (2015)

List of Tables
Table 1 Upcoming and Ongoing Mega Projects in Nigeria
Table 2 Upcoming and Ongoing Retail Project in Nigeria
Table 3 Upcoming Residential Project in Nigeria's Residential Sector
Table 4 Upcoming Commercial Projects in Nigeria
Table 5 Nigeria Number of Hotels, By Star Rating (2014)
Table 6 Branded Hotel Projects in Abuja and Lagos, Nigeria
Table 7 Nigeria Air Conditioner Average Price Range, By Tons (2015)
Table 8 Nigeria Air Conditioner Company Benchmarking, By Product (2015)
Table 9 Nigeria Air Conditioner Company Benchmarking, By Operation (2015)

Nigeria Air Conditioner market is projected to grow at a CAGR of 5.70% during forecast period 2016-2022 owing to growing construction activities, expansion of infrastructure facilities such as airport and metro, rising retail and increasing public-private investments in residential & commercial sectors.

Nigeria Air conditioner market report has been segmented into equipment types, end user applications and regions. The major companies in Nigeria's air conditioner market include - Carrier Corporation, Panasonic Corporation, Chigo Holding Limited, Daikin Industries, Ltd., Johnson Controls, Inc.(York), LG Electronics, Inc., Midea Group Co., Ltd., Qingdao Haier Co., Ltd., Samsung Electronics Co., Ltd. and Trane Inc.

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