Nigeria Diesel Genset Market (2024-2030) | Size, Share, Growth, Trend, Analysis, Forecast, Revenue & Outlook

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), And Competitive Landscape

Product Code: ETC001321 Publication Date: Dec 2023 Updated Date: Dec 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 4

Topics Covered in the Nigeria Diesel Genset Market

Nigeria Diesel Genset Market report thoroughly covers the market by KVA rating and application. 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 Genset (Generator) Market Synopsis

Nigeria Diesel Genset Market is expected to gain momentum during the upcoming period. The increasing disposable income and growing urbanization is leading to the expansion of educational institutes, commercial offices and shopping complexes contributing to the growth of the market. The demand for diesel gensets in Nigeria is expected to continue growing in the short to medium term, given the current state of power generation. The industrial sector is the biggest user of diesel gensets, with a growing demand for small-scale industries. As the country continues to expand its manufacturing sector, the demand for reliable backup power supply will only increase. Furthermore, the increased need for remote power access, especially in off-grid locations, presents additional opportunities for the diesel genset market. The government's funding and investment in clean energy are expected to influence the market's growth trajectory positively.

According to 6Wresearch, Nigeria Diesel Genset (Generator) Market size is projected to grow at a CAGR of 3.7% during 2024-2030. Nigeria occupies 1st position in terms of the market size in the Africa Diesel Genset market. Various industries like construction are highly dependent upon regular power supply beholds the growth of the market. The lack of reliable and adequate power supply backed by regular power failure is further fuelling the growth of the market. Growth in refinery industry backed by increasing investment by foreign and domestic players is likely to propel the market. The market is also driven by the continuous technological progression in diesel genset. Moreover, substantial transmission loss coupled with deficiency of power base beholds the expansion of the market. There is significant demand of uninterrupted power supply from the healthcare, telecommunications and various other sectors. The electricity demand-supply gap in Nigeria has led to a surge in the demand for diesel generators. The diesel genset market is growing at a rapid pace, with the majority of the growth coming from small-scale industries, commercial buildings, and residential areas. The market's growth is attributed to the country's rising population and need for reliable power supply. Moreover, the downtime and high maintenance costs associated with the national power grid have pushed many businesses to rely on diesel gensets as their primary source of power. There are also certain challenges prevalent in the Nigeria Diesel Genset (Generator) Industry. The cost of these generators is one of the major challenges which persists in the market. The lack of trust is another major challenge. The quality and reliability become the major concern for the Nigerian population.

Government policies and schemes introduced in the Nigeria Diesel Genset (Generator) Market

The Nigerian government has been proactive in addressing the power crisis through a series of initiatives aimed at improving the country's electricity infrastructure and for the expansion of the Diesel Genset Market in Nigeria. One of such initiatives is the National Integrated Power Project (NIPP), which seeks to improve power generation and distribution capacity across the country. The NIPP has also put in place policies that promote the use of alternative power sources, such as diesel gensets, to provide an energy-efficient solution to the country's power challenges. Additionally, the government offers tax incentives and tariff reductions to businesses that invest in clean energy backup power systems, such as diesel gensets.

Nigeria Diesel Genset (Generator) Market: Key Players 

These are the notable players in the market who are producing and supplying the Genset (Generator) to various sectors like residential and commercial leading to an increase in Nigeria Diesel Genset (Generator) Market Share.

  • Cummins Inc.
  • Caterpillar Inc.
  • FG Wilson (a subsidiary of Caterpillar)
  • Perkins Engines Company Limited (a subsidiary of Caterpillar)
  • Kohler Power Systems
  • MTU Onsite Energy (a subsidiary of Rolls-Royce Power Systems AG)
  • Kirloskar Oil Engines Limited
  • Generac Power Systems
  • Himoinsa Power Systems
  • Jubaili Bros (a distributor for multiple generator brands)

Market by KVA

The 5kVA - 75kVA segment is expected to record significant growth due to the growing demand for power backup in homes and small businesses and it has led to remarkable rise in Nigeria Genset (Generator) Market Growth. As the country's population continues to grow, so does the demand for housing, creating more opportunities for this segment.

Market by Application

According to Dhaval, Research Manager, 6Wresearch, the industrial segment is likely to record significant growth due to the stable growth of the manufacturing sector and the increasing emphasis on local content. The industry requires uninterrupted power supply to run heavy machinery and equipment, and diesel gensets are a dependable source of backup power.

Key attractiveness of the report

  • 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 Report:

  • Nigeria Diesel Genset Market Outlook
  • Market Size of Nigeria Diesel Genset Market, 2023
  • Forecast of Nigeria Diesel Genset Market, 2030
  • Historical Data and Forecast of Nigeria Diesel Genset Market Revenues & Volume for the Period 2020 - 2030
  • Nigeria Diesel Genset Market Trend Evolution
  • Nigeria Diesel Genset Market Drivers and Challenges
  • Nigeria Diesel Genset Market Price Trends
  • Nigeria Diesel Genset Market Porter's Five Forces
  • Nigeria Diesel Genset Market Industry Life Cycle
  • Historical Data and Forecast of Nigeria Diesel Genset Market Revenues and volume by KVA ratings for the Period 2020-2030
  • Historical Data and Forecast of Nigeria Diesel Genset Market Revenues and Volume by 5 - 75 KVA for the Period 2020-2030
  • Historical Data and Forecast of Nigeria Diesel Genset Market Revenues and volume by 75.1 - 375 KVA for the Period 2020-2030
  • Historical Data and Forecast of Nigeria Diesel Genset Market Revenues and volume by 375.1 - 750 KVA for the Period 2020-2030
  • Historical Data and Forecast of Nigeria Diesel Genset Market Revenues and volume by 750.1 - 1000 KVA for the Period 2020-2030
  • Historical Data and Forecast of Nigeria Diesel Genset Market Revenues and volume by Above 1000 KVA for the Period 2020-2030
  • Historical Data and Forecast of Nigeria Diesel Genset Market Revenues and volume by Application for the Period 2020-2030
  • Historical Data and Forecast of Nigeria Diesel Genset Market Revenues and volume by Residential for the Period 2020-2030
  • Historical Data and Forecast of Nigeria Diesel Genset Market Revenues and volume by Commercial for the Period 2020-2030
  • Historical Data and Forecast of Nigeria Diesel Genset Market Revenues and volume by Industrial for the Period 2020-2030
  • Historical Data and Forecast of Nigeria Diesel Genset Market Revenues and volume by Transportation and public Infrastructure for the Period 2020-2030
  • Nigeria Diesel Genset Market Import Export Trade Statistics
  • Market Opportunity Assessment by KVA ratings
  • Market Opportunity Assessment by Application
  • Nigeria Diesel Genset Market Top Companies Market Share
  • Nigeria Diesel Genset Market Competitive Benchmarking by Technical and Operational Parameters
  • Nigeria Diesel Genset Market Company Profiles
  • Nigeria Diesel Genset Market Key Strategic Recommendation

Market Covered

The report offers a comprehensive study of the subsequent market segments:

Market by KVA

  • 5 - 75 KVA,
  • 75.1 - 375 KVA
  • 375.1 - 750 KVA
  • 750.1 - 1000 KVA
  • Above 1000 KVA

Market by Application

  • Residential
  • Commercial
  • Industrial
  • Transportation & Public Infrastructure
Nigeria Diesel Genset Market: FAQs
Based on application, the industrial sector accounted for the major share of the Diesel Generator Market in Nigeria.
In Nigeria, diesel Gensets with a rating of 375.1-750 kVA accounted for the majority of the revenue share.
The study period of the report is 2019-2025.
Diesel Gensets in the 5-75 kVA range would continue to dominate the market in volume terms.
Nigeria Diesel Genset Market size is projected to grow at a CAGR of 2.8% during 2019-25.
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 Key Highlights of the Report
2.2 Report Description
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3 Nigeria Diesel Genset Market Overview
3.1 Nigeria Country Macro Economic Indicators
3.2 Nigeria Diesel Genset Market Revenues & Volume, 2020 & 2030F
3.3 Nigeria Diesel Genset Market- Industry Life Cycle
3.4 Nigeria Diesel Genset Market- Porter's Five Forces
3.5 Nigeria Diesel Genset Market Revenues & Volume Share, By KVA rating , 2023 & 2030F
3.6 Nigeria Diesel Genset Market Revenues & Volume Share, By Application 2023 & 2030F
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, By  KVA Ratings
6.1 Nigeria Diesel Genset Market Revenues & Volume, By 5 KVA-75 KVA  2020 & 2030F
6.2 Nigeria Diesel Genset Market Revenues & Volume, By 75.1 KVA-375 KVA, 2020 & 2030F
6.3 Nigeria Diesel Genset Market Revenues & Volume, By 375.1 KVA-750 KVA, 2020 & 2030F
6.3 Nigeria Diesel Genset Market Revenues & Volume, By 750.1 KVA-1000 KVA , 2020 & 2030F
6.3 Nigeria Diesel Genset Market Revenues & Volume, By  Above 1000 KVA, 2020 & 2030F
7 Nigeria Diesel Genset Market, By Application
7.1  Nigeria Diesel Genset Market Revenues & Volume, By Residential, 2020 & 2030F
7.2 Nigeria Diesel Genset Market Revenues & Volume, By  Commercial,  2020 & 2030F
7.3 Nigeria Diesel Genset Market Revenues & Volume, By Industrial, 2020 & 2030F
7.3 Nigeria Diesel Genset Market Revenues & Volume, By Transportation & public Infrastructure 2020 & 2030F
8 Nigeria Diesel Genset Market Import-Export Trade Statistics
8.1 Nigeria Diesel Genset Market Export to Major Countries
8.2 Nigeria Diesel Genset Market Imports from Major Countries
9 Nigeria Diesel Genset Market Key Performance Indicators
10 Nigeria Diesel Genset Market- Opportunity Assessment
10.1 Nigeria Diesel Genset Market Opportunity Assessment, By  KVA rating , 2030
10.2 Nigeria Diesel Genset Market Opportunity Assessment, By Application, 2030
11 Nigeria Diesel Genset Market- Competitive Landscape
11.1 Nigeria Diesel Genset Market Revenue Share, By Companies, 2023
11.2 Nigeria Diesel Genset Market Competitive Benchmarking, By Operating and Technical Parameters
12 Company Profiles
13 Recommendations
14 Disclaimer

Singapore Diesel Genset Market (2019-2025): 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) and Competitive Landscape. 

Thailand Diesel Genset Market (2019-2025): 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) and Competitive Landscape. 

Vietnam Diesel Genset Market (2019-2025): 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) and Competitive Landscape. 

Cambodia Diesel Genset Market (2019-2025): 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) and Competitive Landscape.

Indonesia Diesel Genset Market (2019-2025): 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) and Competitive Landscape.

Malaysia Diesel Genset Market (2019-2025): 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) and Competitive Landscape.

Myanmar Diesel Genset Market (2019-2025): 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) and Competitive Landscape.

Philippines Diesel Genset Market (2019-2025): 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) and Competitive Landscape.

US Diesel Genset Market (2019-2025): By kVA Ratings (5.1- 75 kVA, 75.1- 375 kVA, 375.1- 750 kVA, 750.1- 1000 kVA & Above 1000 kVA), By Applications (Commercial, Residential, Industrial, Transportation, and Public Infrastructure) and Competitive Landscape.

Canada Diesel Genset Market (2019-2025): By kVA Ratings (5.1- 75 kVA, 75.1- 375 kVA, 375.1- 750 kVA, 750.1- 1000 kVA & Above 1000 kVA), By Applications (Commercial, Residential, Industrial, Transportation, and Public Infrastructure) and Competitive Landscape.

North America Diesel Genset Market (2019-2025): By kVA Ratings (5.1- 75 kVA, 75.1- 375 kVA, 375.1- 750 kVA, 750.1- 1000 kVA & Above 1000 kVA), By Applications (Commercial, Residential, Industrial, Transportation, and Public Infrastructure), By Countries (USA, Canada) and Competitive Landscape.

Mexico Diesel Genset Market (2019-2025): By kVA Rating (5 kVA-75 kVA, 75.1 kVA-375 kVA, 375.1 kVA-750 kVA, 750.1 kVA-1000 kVA & Above 1000 kVA), By Applications (Residential, Commercial, Industrial, Transportation & Public Infrastructure) and Competitive Landscape.

Argentina Diesel Genset Market (2019-2025): By kVA Rating (5 kVA-75 kVA, 75.1 kVA-375 kVA, 375.1 kVA-750 kVA, 750.1 kVA-1000 kVA & Above 1000 kVA), By Applications (Residential, Commercial, Industrial, Transportation & Public Infrastructure) and Competitive Landscape.

Brazil Diesel Genset Market (2019-2025): By kVA Rating (5 kVA-75 kVA, 75.1 kVA-375 kVA, 375.1 kVA-750 kVA, 750.1 kVA-1000 kVA & Above 1000 kVA), By Applications (Residential, Commercial, Industrial, Transportation & Public Infrastructure) and Competitive Landscape.

Latin America Diesel Genset Market (2019-2025): By kVA Rating (5 kVA-75 kVA, 75.1 kVA-375 kVA, 375.1 kVA-750 kVA, 750.1 kVA-1000 kVA & Above 1000 kVA), By Applications (Residential, Commercial, Industrial, Transportation & Public Infrastructure), By Countries (Brazil, Mexico, Argentina & Rest of Latin America) and Competitive Landscape.

Algeria Diesel Genset Market (2019-2025): 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) and Competitive Landscape.

Egypt Diesel Genset Market (2019-2025): 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) and Competitive Landscape.

Ghana Diesel Genset Market (2019-2025): 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) and Competitive Landscape.

Kenya Diesel Genset Market (2019-2025): 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) and Competitive Landscape.

South Africa Diesel Genset Market (2019-2025): 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) and Competitive Landscape.

 

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) and Competitive Landscape.

Product Code: ETC001321 Publication Date: Mar 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Latest 2023 Development of the Nigeria Diesel Genset Market

Nigeria Diesel Genset Market has been witnessing immense growth in recent years. The market has also undergone several latest developments which include government initiatives to promote clean energy sources like wind, solar, and hydroelectric power which has led to a decrease in demand for diesel gensets. Nevertheless, diesel gensets are still widely used as backup power sources in remote areas. Additionally, the government is actively promoting private sector investment in the country's power sector and there are several independent power projects initiated in recent years. In general, diesel gensets are used as backup power sources in these projects. Moreover, rapid urbanization has led to an increase in demand for diesel gensets as power backup sources as power outages are common, particularly in urban areas.

The growing telecommunications sector of Nigeria is also contributing to the demand for diesel gensets as they are being used to provide backup power to telecom towers and data centres. Apart from this, there are several growth factors contributing to the Nigeria Diesel Genset Market Growth. For instance, the growth of the manufacturing, telecommunications, and construction industries has led to an increased demand for power. Moreover, an increase in oil and gas exploration activities is expected to fuel the industry's growth in the forthcoming years. 

Nigeria Diesel Genset Market Synopsis

Nigeria Diesel Genset market is a part of the Africa Diesel Genset Market report that thoroughly covers the Nigeria diesel Genset market by kVA rating and applications. The Nigeria diesel Genset market outlook report provides an unbiased and detailed analysis of the Nigerian diesel Genset market trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to device and align market strategies according to the current and future market dynamics.

Nigeria Diesel Genset Market is anticipated to witness healthy growth during 2019-2025 as there is a lack of robust power infrastructure in the country and the existing power plants are operating at only one-third of their potential capacity. Thus, the demand for Diesel Gensets as an auxiliary power resource is expected to stay afloat over the coming years. Surging disposable income and rising need for regular and uninterruptible power supply are driving the Nigeria Diesel Genset Market Growth. Increasing loss of power transmission coupled with a lack of power infrastructure is driving the development of the industry.  

According to 6Wresearch, the Nigeria Diesel Genset Market size is projected to grow at a CAGR of 2.8% during 2019-2025.  The rising usage of diesel generators in various industries such as oil and mining is accelerating the Nigeria Diesel Genset Market Share. Stringent regulations by the government in order to reduce carbon emissions are likely to hamper the development of the market. Rising disposable income coupled with increasing urbanization and rising development of infrastructure is driving the Nigeria Diesel Genset Market Growth. Moreover, the increasing number of data centres along with the growing need for regular and uninterrupted power supply is accelerating the demand for diesel Genset in Nigeria. The rising risk of power outages especially in remote areas is adding to the Nigeria Diesel Genset Market Share.  

Market Analysis by Application

Based on application, the industrial sector accounted for the major share in Nigeria and Global Diesel Genset Market and is expected to maintain its dominance during the forecast period as well on account of the efficient power supply required to support the industry power need and the underdeveloped power infrastructure in Nigeria. Generators are widely used in industries in order to ensure a regular supply of electricity during power failure. 

Market Analysis by kVA Ratings

In Nigeria, diesel Gensets with a rating of 375.1-750 kVA accounted for the majority of the revenue share. However, diesel Gensets in the 5-75 kVA range would continue to dominate the market in volume terms during the forecast period due to their widespread use in the residential, telecom, and banking sectors. The growing demand for such Gensets in residential buildings, small industries, and telecom sectors is further proliferating the development of the market. 

Key Players in the market

Some of the key players in the Nigeria Diesel Genset Market are:

  • Denya Co. Ltd.
  • Cummins Inc. 
  • YorPower Ltd. 
  • Caterpillar Inc.
  • Jubaili Bros. 
  • General Electric Company
  • Kirloskar Oil Engines Limited

Key Highlights of the Report:

  • Nigeria Diesel Genset Market Overview
  • Nigeria Diesel Genset Market Outlook
  • Nigeria Diesel Genset Market Forecast
  • Nigeria Diesel Genset Market Size
  • Nigeria Diesel Genset Market Share, by kVA rating
  • Nigeria Diesel Genset Market Forecast of revenues until 2025
  • Historical Data of Nigeria Diesel Genset Market Revenues and Volume for the Period 2015-2018
  • Market Size & Forecast of Nigeria Diesel Genset Market Revenues and Volume until 2025
  • Historical Data of Nigeria Diesel Genset Market Revenues & Volume, by kVA Rating for the Period 2015-2018
  • Market Size & Forecast of Nigeria Diesel Genset Market Revenues & Volume, by kVA Rating until 2025
  • Historical Data of Nigeria Diesel Genset Market Revenues, By Applications for the Period 2015-2018
  • Market Size & Forecast of Nigeria Diesel Genset Market Revenues, By Applications until 2025
  • Nigeria Diesel Genset Market Price Trends
  • Nigeria Diesel Gensets Market Drivers and Restraints
  • Nigeria Diesel Genset Market Trends
  • Nigeria Diesel Genset Market Share, By Companies
  • Nigeria Diesel Genset Market Overview on Competitive Benchmarking
  • Company Profiles
  • Strategic Recommendations

Nigeria Diesel Genset Market Report Covered:

The Nigeria diesel Genset market report provides a detailed analysis of the following market segments:

By kVA Rating:

  • 5.1- 75 kVA
  • 75.1- 375 kVA
  • 375.1- 750 kVA
  • 750.1- 1000 kVA
  • Above 1000 kVA

By Applications:

  • Commercial
  • Residential
  • Industrial
  • Transportation and Public Infrastructure

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