Market Forecast By Type (Portable, Stationary), By Product (Reciprocating/Piston, Rotary/Screw, Centrifugal), By Lubrication (Oil-Filled, Oil-Free), By Application (Manufacturing, Semiconductors & Electronics, Food & Beverage, Healthcare/Medical, Home Appliances, Energy, Oil & Gas, Others) And Competitive Landscape
Product Code: ETC191161 | Publication Date: May 2022 | Updated Date: Mar 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Nigeria Air Compressor market currently, in 2023, has witnessed an HHI of 2743, Which has increased slightly as compared to the HHI of 1844 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.
Report Name | Nigeria Air Compressor Market |
Forecast period | 2025-2031 |
CAGR | 7.2% |
Growing Sector | Industrial |
The Nigeria Air Compressor Market report diversely covers the market by Types, product, Lubrication Method, and Applications. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers that would help stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Nigeria Air Compressor Market is progressing and is projected to observe consistent growth in the forecast period. The growing industrial sector, government initiatives and increasing foreign direct investment are driving growth in the market.
According to 6Wresearch, the Nigeria Air Compressor Market is anticipated to grow at a CAGR of 7.2% throughout the forecast period. The growth in the market is fueled by various factors such as the growing industrial sector, need for high-quality air supply and increasing investments by the government. The growth of the oil and gas sector in Nigeria is driving the country's increasing demand for air compressors. Nigeria is one of the top oil-producing countries in Africa,the country heavily relies on its oil and gas industry to fuel its economy. This has led to significant investments in the sector, particularly in terms of infrastructure development and expansion. The increasing usage of air compressors such as reciprocating compressor, rotary screw compressor, centrifugal compressors in end-user industries such as automotive, food and beverage, oil and gas, plant engineering has been pushing the air compressors market growth in recent years.
Despite the growth in the market, the Nigeria Air Compressor Market is facing certain challenges that can hinder its growth in the forecast period. The primary challenge is the volatility in raw material prices, which can have a significant impact on the overall cost of air compressors. Moreover, lack of skilled labour and technical expertise for operating and maintaining advanced air compressor systems can also pose a challenge.
The primary players in the market include Atlas Copco, Ingersoll Rand, Sullair, and Kaeser Compressors. These companies are consistently investing in Research and Development activities to develop innovative products and expand their market reach. Currently, Atlas Copco holds the largest share in the market.
The Nigerian government has implemented various policies and regulations to support the growth of the air compressor market in the country. One such policy is the National Automotive Industry Development Plan (NAIDP), which aims to promote local manufacturing of vehicles and their components, including air compressors. This has led to an increase in domestic production and reduced dependence on imported products. Furthermore, the government has also taken initiatives to improve the ease of doing business in Nigeria, making it more attractive for foreign investors.
The Nigeria Air Compressor Market has been experiencing significant growth in recent years and is expected to continue its growth trajectory in the coming years driven by factors such as rising industrialization and advancements in technology. With increasing industrialization and infrastructure development, the demand for compressed air is expected to rise. The country's focus on diversifying its economy away from oil and gas is also expected to drive demand for air compressors, especially in sectors such as agriculture, healthcare, and food processing. Additionally, the rising focus on sustainable development and government initiatives towards promoting renewable energy sources are expected to create new opportunities for market players in the country.
Some key trends shaping the market include:
Key investment opportunities include:
According to Dhaval, Research Manager, 6Wresearch, the stationary air compressor segment holds the dominant share in the market due to its efficient and reliable performance in various industries.
The Oil-Filled segment holds the dominant share in the market due to its wide application in the industrial sector.
The Rotary/Screw segment holds the dominant share in the market due to its high efficiency and broad application in various industries.
The Manufacturing segment holds the dominant share in the market due to the increasing demand for high-quality air supply and the rising industrial sector.
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 Assumptions |
3 Nigeria Air Compressor Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Air Compressor Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Air Compressor Market - Industry Life Cycle |
3.4 Nigeria Air Compressor Market - Porter's Five Forces |
3.5 Nigeria Air Compressor Market Revenues & Volume Share, By By Type, 2021 & 2031F |
3.6 Nigeria Air Compressor Market Revenues & Volume Share, By By Product, 2021 & 2031F |
3.7 Nigeria Air Compressor Market Revenues & Volume Share, By By Lubrication, 2021 & 2031F |
3.8 Nigeria Air Compressor Market Revenues & Volume Share, By By Application, 2021 & 2031F |
4 Nigeria Air Compressor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Nigeria Air Compressor Market Trends |
6 Nigeria Air Compressor Market, By Types |
6.1 Nigeria Air Compressor Market, By By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Air Compressor Market Revenues & Volume, By By Type, 2021 - 2031F |
6.1.3 Nigeria Air Compressor Market Revenues & Volume, By Portable, 2021 - 2031F |
6.1.4 Nigeria Air Compressor Market Revenues & Volume, By Stationary, 2021 - 2031F |
6.2 Nigeria Air Compressor Market, By By Product |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Air Compressor Market Revenues & Volume, By Reciprocating/Piston, 2021 - 2031F |
6.2.3 Nigeria Air Compressor Market Revenues & Volume, By Rotary/Screw, 2021 - 2031F |
6.2.4 Nigeria Air Compressor Market Revenues & Volume, By Centrifugal, 2021 - 2031F |
6.3 Nigeria Air Compressor Market, By By Lubrication |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Air Compressor Market Revenues & Volume, By Oil-Filled, 2021 - 2031F |
6.3.3 Nigeria Air Compressor Market Revenues & Volume, By Oil-Free, 2021 - 2031F |
6.4 Nigeria Air Compressor Market, By By Application |
6.4.1 Overview and Analysis |
6.4.2 Nigeria Air Compressor Market Revenues & Volume, By Manufacturing, 2021 - 2031F |
6.4.3 Nigeria Air Compressor Market Revenues & Volume, By Semiconductors & Electronics, 2021 - 2031F |
6.4.4 Nigeria Air Compressor Market Revenues & Volume, By Food & Beverage, 2021 - 2031F |
6.4.5 Nigeria Air Compressor Market Revenues & Volume, By Healthcare/Medical, 2021 - 2031F |
6.4.6 Nigeria Air Compressor Market Revenues & Volume, By Home Appliances, 2021 - 2031F |
6.4.7 Nigeria Air Compressor Market Revenues & Volume, By Energy, 2021 - 2031F |
6.4.8 Nigeria Air Compressor Market Revenues & Volume, By Others, 2021 - 2031F |
6.4.9 Nigeria Air Compressor Market Revenues & Volume, By Others, 2021 - 2031F |
7 Nigeria Air Compressor Market Import-Export Trade Statistics |
7.1 Nigeria Air Compressor Market Export to Major Countries |
7.2 Nigeria Air Compressor Market Imports from Major Countries |
8 Nigeria Air Compressor Market Key Performance Indicators |
9 Nigeria Air Compressor Market - Opportunity Assessment |
9.1 Nigeria Air Compressor Market Opportunity Assessment, By By Type, 2021 & 2031F |
9.2 Nigeria Air Compressor Market Opportunity Assessment, By By Product, 2021 & 2031F |
9.3 Nigeria Air Compressor Market Opportunity Assessment, By By Lubrication, 2021 & 2031F |
9.4 Nigeria Air Compressor Market Opportunity Assessment, By By Application, 2021 & 2031F |
10 Nigeria Air Compressor Market - Competitive Landscape |
10.1 Nigeria Air Compressor Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Air Compressor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |