Nigeria Genset Market Outlook (2021-2027) | Share, Revenue, Trends, COVID-19 IMPACT, Growth, Analysis, Industry, Companies, Value, Size & Forecast

Market Forecast By Types (Diesel (By Power ratings (5-75 kVA, 75.1-375 kVA, 375.1-750 kVA, 750.1-1000 kVA, Above 1000 kVA), By Applications (Residential, Commercial, Industrial, Transportation and Public Infrastructure, Telecom)), Gas (By Power ratings (Upto 100 kVA, 100.1-375 kVA, 375.1-1000 kVA, Above 1000 kVA), By Applications (Residential, Commercial, Industrial, Power and Energy, Others (Telecom and Government)))), By Regions (North West Region, North East Region, North Central Region, South West Region, South East Region, South South Region) and competitive landscape

Product Code: ETC150376 Publication Date: Feb 2022 Product Type: Report
Publisher: 6Wresearch No. of Pages: 128 No. of Figures: 45 No. of Tables: 26

Nigeria Genset Market report thoroughly covers the market by kVA rating, applications, and regions. Nigeria genset 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 Market Synopsis

Nigeria genset market revenues declined in 2020 as a result of the ongoing COVID-19 pandemic, which halted economic, building, and industrial activity throughout the country. Logistics disruptions and trade restrictions have resulted in a decrease volume of imported diesel gensets in the country, which has had a significant impact on the Nigerian genset industry. However, an upsurge in construction activities, infrastructure development and industrial sector under the ambit of Nigeria’s “Vision 2030” programme is anticipated to boost the genset market in the upcoming years. Government infrastructural development projects such as Lagos light rail, World trade centre, Lekki free trade zone, Eko-Atlantic city and many more would act as catalysts for the overall growth of the genset market in Nigeria. Further, the government of Nigeria recently created a $2.7bn Infrastructural Corporation of Nigeria Limited for its infrastructural development which would further create demand for gensets in the forecasted period.

Nigeria Genset Market Outlook (2021-2027)
According to 6Wresearch, Nigeria Genset Market size is projected to grow at a CAGR of 5.9% during 2021-2027.
In Nigeria, 5-75 kVA diesel gensets dominated the diesel genset market in 2020 in terms of volume on account of rising demand in residential, small manufacturing units, hospitality and telecom sector. For instance, government focus to achieve 90% broadband connectivity by 2025 through deployment of telecom towers is anticipated to drive the diesel genset market in the forthcoming. Above 1000 kVA accounted for the majority of revenue share in the diesel genset market in 2020 due to increased demand across sectors such as industrial and construction sector. Additionally, with only one-third capacity meeting estimated demand from the grid, frequent transmission losses in gridlines has led to increased reliance of these sectors on diesel gensets as their power backup. 5-75 kVA rated gas genset had the highest volume share in 2020 owing to their large-scale use in residential and telecom sector whereas, in terms of revenue. Above 1000 kVA rated gas gensets comprised the highest revenue share attributed to growing usage in industrial, power and energy and oil and gas sector. About 100 oil and gas projects set to start between 2021-2025 which is likely to open up more growth opportunities in the forecast period.

Nigeria Genset Market Outlook (2021-2027)

Market by Application Analysis 

The power and energy sector dominated the gas genset market in 2020 as a result of increased investments made by the government to diversify its power and energy sector by using gas for its power sector, launching hydroelectric electric projects, and constructing gas pipelines. Further, the Nigerian government is taking a proactive approach to make Nigeria a light manufacturing hub in Africa by promoting domestic manufacturing and is securing $22 billion for key infrastructure projects.

Nigeria Genset Market Outlook (2021-2027)

Market by Region Analysis

By Region, South-West region dominates the genset market of Nigeria in 2020 as it is the most populous and industrialized region with about 70-80% manufacturing units functioning in the area. Government investments in current megaprojects in the region, notably US $11 billion Lagos-Calabar Railway, the US $5.8 billion Mambilla Hydroelectric Power Project, and the Abuja Gateway Airport, would aid the south-west region to continue its dominance in the coming years.

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 Genset Market Outlook
  • Nigeria Genset Market Forecast
  • Nigeria Genset Market Growth
  • Nigeria Genset Market Share
  • Historical Data and Forecast of Nigeria Genset Market Revenues and Volume for the Period 2017-2027F
  • Historical Data and Forecast of Nigeria Diesel Genset Market Revenues and Volume, By kVA Ratings for the Period 2017-2027F
  • Historical Data and Forecast of Nigeria Gas Genset Market Revenues and Volume, By kVA Ratings for the Period 2017-2027F
  • Historical Data and Forecast of Nigeria Diesel Genset Market Revenues, By Applications for the Period 2017-2027F
  • Historical Data and Forecast of Nigeria Gas Genset Market Revenues, By Applications for the Period 2017-2027F
  • Historical Data and Forecast of Nigeria Genset Market Revenues, By Regions for the Period 2017-2027F
  • Nigeria Diesel Genset Market Price Trend Analysis
  • Nigeria Gas Genset Market Price Trend Analysis
  • Nigeria Genset Aftermarket Analysis
  • Nigeria Genset Market Import Statistics
  • Nigeria Genset Market Analysis of Key Service Set-ups
  • Nigeria Genset Market Analysis of Key Assemblers
  • Nigeria Genset Market Analysis of Key Manufactures
  • Nigeria Genset Market - Government Initiatives, Regulations and Tax Structure
  • Nigeria Genset Market - Identification of Keyways Followed by OEM
  • Nigeria Diesel Genset Market - Key OEM Wise Selling Price Analysis, kVA Rating, 2020
  • Nigeria Gas Genset Market - Key OEM Wise Selling Price Analysis, kVA Rating, 2020
  • Market Drivers, Restraints
  • Nigeria Genset Market Trends
  • Industry Life Cycle
  • Nigeria Genset Market – Porter’s Five Forces
  • Market Opportunity Assessment
  • Company Shares
  • Market Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Market Scope and Segmentation

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

  • By Types
    • Diesel
      • By Power ratings
        • 5-75 kVA
        • 1-375 kVA
        • 1-750 kVA
        • 1-1000 kVA
        • Above 1000 kVA
      • By Applications
        • Residential
        • Commercial
        • Industrial
        • Transportation and Public Infrastructure
        • Telecom
    • Gas
      • By Power ratings
        • Upto 100 kVA
        • 1-375 kVA
        • 1-1000 kVA
        • Above 1000 kVA
      • By Applications
        • Residential
        • Commercial
        • Industrial
        • Power and Energy
        • Others (Telecom and Government)
  • By Regions
    • North West Region
    • North-East Region
    • North Central Region
    • South West Region
    • South East Region
    • South-South Region
Nigeria Genset Market: FAQs
The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
The Nigeria genset market revenue is anticipated to record a CAGR of 5.9% during 2021-27.
By Types, power and energy segment has dominated the market revenues led by growing energy demand in Nigeria
By type, diesel segment would record key growth throughout the forecast period 2021-27.
The key players of the market include- Caterpillar Inc., Cummins Inc., YorPower Ltd., Mikano International Ltd., Denyo Co., Ltd., Mitsubishi Heavy Industries, Ltd., Yanmar Holdings Co., Ltd., and Kirloskar Oil Engines Ltd.
6Wresearch has the database of more than 60 countries globally, which can make us your first choice of all your research needs.
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 Report Description

2.2 Key Highlights of the Report

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Robust Forecasting Model

2.6 Assumptions

3. Nigeria Genset Market Overview

3.1 Nigeria Genset Market Revenues, 2017-2027F

3.2 Nigeria Genset Market - Industry Life Cycle

3.3 Nigeria Genset Market - Porter’s Five Forces

3.4 Nigeria Genset Market Revenue and Volume Share, By Types, 2020 & 2027F

3.5 Nigeria Genset Market Revenue Share, By Regions, 2020 & 2027F

4. Nigeria Genset Market Value Chain and Ecosystem

5. Nigeria Genset Market Covid-19 Impact Analysis

6. Nigeria Genset Market Dynamics

6.1 Impact Analysis

6.2 Market Drivers

6.3 Market Restraints

7. Nigeria Genset Market Trends

8. Impact Analysis of Currency Fluctuation in Nigeria Genset Market

9. Nigeria Diesel Genset Market Overview

9.1 Nigeria Diesel Genset Market Revenues and Volume, By kVA Ratings, 2017-2027F

9.1.1 Nigeria Diesel Genset Market Revenues and Volume, By 5-75 kVA, 2017-2027F

9.1.2 Nigeria Diesel Genset Market Revenues and Volume, By 75.1-375 kVA, 2017-2027F

9.1.3 Nigeria Diesel Genset Market Revenues and Volume, By 375.1-750 kVA, 2017-2027F

9.1.4 Nigeria Diesel Genset Market Revenues and Volume, By 750.1-1000 kVA, 2017-2027F

9.1.5 Nigeria Diesel Genset Market Revenues and Volume, By Above 1000 kVA, 2017-2027F

9.2 Nigeria Diesel Genset Market Overview, By Applications

9.2.1 Nigeria Diesel Genset Market Revenues, By Residential, 2017-2027F

9.2.2 Nigeria Diesel Genset Market Revenues, By Commercial, 2017-2027F

9.2.3 Nigeria Diesel Genset Market Revenues, By Industrial, 2017-2027F

9.2.4 Nigeria Diesel Genset Market Revenues, By Transporatation and Public Infrastructure, 2017-2027F

9.2.5 Nigeria Diesel Genset Market Revenues, By Telecom, 2017-2027F

9.3 Nigeria Diesel Genset Market Price Trend Analysis

10. Nigeria Gas Genset Market Overview

10.1 Nigeria Gas Genset Market Revenues and Volume, By kVA Ratings, 2017-2027F

10.1.1 Nigeria Gas Genset Market Revenues and Volume, By Upto 100 kVA, 2017-2027F

10.1.2 Nigeria Gas Genset Market Revenues and Volume, By 100.1-375 kVA, 2017-2027F

10.1.3 Nigeria Gas Genset Market Revenues and Volume, By 375.1-1000 kVA, 2017-2027F

10.1.4 Nigeria Gas Genset Market Revenues and Volume, By Above 1000 kVA, 2017-2027F

10.2 Nigeria Gas Genset Market Overview, By Applications

10.2.1 Nigeria Gas Genset Market Revenues, By Residential, 2017-2027F

10.2.2 Nigeria Gas Genset Market Revenues, By Commercial, 2017-2027F

10.2.3 Nigeria Gas Genset Market Revenues, By Industrial, 2017-2027F

10.2.4 Nigeria Gas Genset Market Revenues, By Power and Energy, 2017-2027F

10.2.5 Nigeria Gas Genset Market Revenues, By Others (Telecom and Government), 2017-2027F

10.3 Nigeria Gas Genset Market Price Trend Analysis

11. Nigeria Genset Market Overview, By Regions

11.1 Nigeria Genset Market Revenues, By Regions, 2017-2027F

11.1.1 Nigeria Genset Market Revenues, By North West Region, 2017-2027F

11.1.2 Nigeria Genset Market Revenues, By North East Region, 2017-2027F

11.1.3 Nigeria Genset Market Revenues, By North Central Region, 2017-2027F

11.1.4 Nigeria Genset Market Revenues, By South West Region, 2017-2027F

11.1.5 Nigeria Genset Market Revenues, By South East Region, 2017-2027F

11.1.6 Nigeria Genset Market Revenues, By South South Region, 2017-2027F

12. Identification of Key Region Having Potential Market Opportunity

13. Nigeria Genset Market Overview, By Customer Analysis

13.1 Nigeria Genset Market, By Demographic Analysis

13.2 Nigeria Genset Market Key Factors Impacting Purchasing Factors and Timeframe Analysis for B2B and B2C based on Key Parameters Ranking

14. Nigeria Genset Aftermarket Analysis

14.1 Nigeria Genset Market Revenues, By Replacement, 2017-2027F

14.2 Nigeria Genset Market Revenues, By Refurbished, 2017-2027F

14.3 Customer Demographic Analysis

15. Nigeria Genset Market Key Performance Indicators

16. Nigeria Genset Market Opportunity Assessment

16.1 Nigeria Genset Market Opportunity Assessment, By Types, 2027F

16.2 Nigeria Diesel Genset Market Opportunity Assessment, By Applications, 2027F

16.3 Nigeria Diesel Genset Market Opportunity Assessment, By kVA Ratings, 2027F

16.4 Nigeria Gas Genset Market Opportunity Assessment, By Applications, 2027F

16.5 Nigeria Gas Genset Market Opportunity Assessment, By kVA Ratings, 2027F

17. Nigeria Genset Market Import Statistics

17.1 Nigeria Genset Market - Import Statistics, 2020-Q1 2021

17.2 Nigeria Genset Market Price Analysis of Imported Products, 2020-Q1 2021

18. Nigeria Genset Market Analysis of Key Assemblers

19. Nigeria Genset Market Analysis of Key Manufactures

20. Nigeria Genset Market - Government Initiatives, Regulations and Tax Structure

21. Nigeria Genset Market - Identification of Keyways Followed by OEM

22. Nigeria Genset Market Competitive Landscape

22.1 Nigeria Diesel Genset Market Revenue Ranking, By Companies, 2020

22.2 Nigeria Gas Genset Market Revenue Ranking, By Companies, 2020

22.3 Nigeria Diesel Genset Market - Key OEM Wise Selling Price Analysis, kVA Rating, 2020

22.4 Nigeria Gas Genset Market - Key OEM Wise Selling Price Analysis, kVA Rating, 2020

22.5 Nigeria Genset Market Competitive Benchmarking, By Technical and Operating Parameters

23. Company Profiles

23.1 Caterpillar Inc.

23.2 Cummins Inc.

23.3 YorPower Ltd. 

23.4 Mikano International Ltd.

23.5 Denyo Co., Ltd.

23.6 Mitsubishi Heavy Industries, Ltd.

23.7 Yanmar Holdings Co., Ltd.

23.8 Kirloskar Oil Engines Ltd.

23.9 Kohler Co.

24. Key Strategic Recommendations

25. Disclaimer

List of Figures

1. Nigeria Genset Market Revenues and Volume, 2017-2027F ($ Million, Thousand Units)

2. Nigeria Diesel Genset Market Revenue Share, By kVA Ratings, 2020 & 2027F

3. Nigeria Diesel Genset Market Volume Share, By kVA Ratings, 2020 & 2027F

4. Nigeria Gas Genset Market Revenue Share, By kVA Ratings, 2020 & 2027F

5. Nigeria Gas Genset Market Volume Share, By kVA Ratings, 2020 & 2027F

6. Nigeria Diesel Genset Market Revenue Share, By Applications, 2020 & 2027F

7. Nigeria Gas Genset Market Revenue Share, By Applications, 2020 & 2027F

8. Nigeria Genset Market Revenue Share, By Regions, 2020 & 2027F

9. Nigeria’s Industrial Sector (including construction) GDP share, 2013-2019 (% of total)

10. Access to Electricity to Nigeria’s Population, 2013-2019 (% of population)

11. Nigeria’s population connectivity to national grid, 2021E (% of population)

12. Nigeria’s Naira Per Unit Exchange Rate in Foreign Currency (USD), 2019-2021

13. Nigeria’s Year on change in Inflation Rate of All Items, 2019-2021 (%)

14. Nigeria Caterpillar End User Satisfaction Level, By Technical Parameter

15. Nigeria Caterpillar End User Satisfaction Level, By Non-Technical Parameter

16. Nigeria Cummins End User Satisfaction Level, By Technical Parameter

17. Nigeria Cummins End User Satisfaction Level, By Non-Technical Parameter

18. Nigeria Mikano End User Satisfaction Level, By Technical Parameter

19. Nigeria Mikano End User Satisfaction Level, By Non-Technical Parameter

20. Nigeria Caterpillar End User Satisfaction Level, By Technical Parameter

21. Nigeria Caterpillar End User Satisfaction Level, By Non-Technical Parameter

22. Nigeria Cummins End User Satisfaction Level, By Technical Parameter

23. Nigeria Cummins End User Satisfaction Level, By Non-Technical Parameter

24. Nigeria Mikano End User Satisfaction Level, By Technical Parameter

25. Nigeria Mikano End User Satisfaction Level, By Non-Technical Parameter

26. Nigeria Genset End User Share, By Types

27. Nigeria Genset End User Share, By Fuel Types

28. Nigeria Genset End User Share, By Fleet Size

29. Nigeria Contraction of Manufacturing Sector, 2017-2020 (%)

30. Nigeria Contraction of Mining and Quarrying Sector, Q4 2019-Q1 2020 (%)

31. Nigeria Contraction of Metal Ores, 2017-2020 (%)

32. Nigeria Hotel Room Revenue, 2016-2021E (% of total)

33. Available Rooms in Nigeria, 2016-2021E (thousands)

34. Nigeria Contribution of Oil and Gas sector to GDP, 2019-2021 (% of total)

35. Nigeria Contraction of Oil Refining, Q1 2019-Q42020 (%)

36. Nigeria Agriculture’s Sector Contribution to GDP, 2013-2020 (% of total)

37. Nigeria Agriculture Sector Growth Rate, Q4 2019- Q4 2020 (%)

38. Nigeria Genset Market Opportunity Assessment, By Types, 2027F

39. Nigeria Diesel Genset Market Opportunity Assessment, By kVA Ratings, 2027F

40. Nigeria Diesel Genset Market Opportunity Assessment, By Applications, 2027F

41. Nigeria Gas Genset Market Opportunity Assessment, By kVA Ratings, 2027F

42. Nigeria Gas Genset Market Opportunity Assessment, By Applications, 2027F

43. Nigeria End User Satisfaction Level,  By OEMs (Branding, Advertisement and Sales Promotion)

44. Nigeria Diesel Genset Market Revenue Share, By Companies, 2020

45. Nigeria Gas Genset Market Revenue Ranking, By Companies, 2020

List of table

1. Nigeria Major Ongoing Construction Projects, 2022-2023

2. Nigeria Diesel Genset Market Revenues, By kVA Ratings, 2017–2027F ($ Million)

3. Nigeria Diesel Genset Market Volume, By kVA Ratings, 2017–2027F ($ Million)

4. Nigeria Diesel Genset Market Revenues, By Applications, 2017–2027F ($ Million)

5. Nigeria Application-Wise Diesel Genset Market Revenues, By Power Ratings, 2020 ($ Million)

6. Nigeria Diesel Genset Market Price Trend Analysis, 2017–2027F ($/Unit)

7. Nigeria Gas Genset Market Revenues, By kVA Ratings, 2017–2027F ($ Million)

8. Nigeria Gas Genset Market Volume, By kVA Ratings, 2017–2027F ($ Million)

9. Nigeria Gas Genset Market Revenues, By Applications, 2017–2027F ($ Million)

10. Nigeria Application Wise Gas Genset Market Revenues, By Power Ratings, 2020 ($ Million)

11. Nigeria Gas Genset Market Price Trend Analysis, 2017–2027F ($/Units)

12. Nigeria Genset Market Revenues, By Regions, 2017–2027F ($ Million)

13. Nigeria Genset Market Revenues, By Replacement and Refurbished, 2020-2027F ($ Million)

14. Nigeria Total Imported Gensets Units, By kVAs, 2020 (Units)

15. Nigeria Price Analysis of Imported Diesel Gensets, By kVA, ($/Unit)

16. Nigeria Price Analysis of Imported Gas Gensets, By kVA ($/Unit)

17. Nigeria Key Genset Assemblers, 2021

18. Nigeria Key Genset Manufactures, 2021

19. Nigeria Generating Sets Import Clearance Schedule Fees, By KVA

20. Nigeria Duty Structure Analysis, By kVA Rating (%)

21. EPA Tier I Emission Standards for Nonroad Diesel Engines, By G/KWH

22. EPA Tier II Emission Standards for Nonroad Diesel Engines, By G/KWH

23. EPA Tier III Emission Standards for Nonroad Diesel Engines, By G/KWH

24. EPA Tier IV Emission Standards for Nonroad Diesel Engines, By G/KWH

25. Nigeria OEMs Selling Price Analysis for Diesel Genset, By kVAs, 2020

26. Nigeria OEMs Selling Price Analysis for Gas Genset, By kVAs, 2020

 

Pricing
  • Single User License
    $ 1,995
  • Department License
    $ 2,400
  • Site License
    $ 3,120
  • Global License
    $ 3,795
6Wresearch Support

Any Query

Call: +91-11-4302-4305
Email us: sales@6wresearch.com
Any Query? Click Here

Industry Events and Analyst Meet

Our Clients

Airtel
Canon
Contec
HoneyWell
Kriloskar
Pwc Logo
Samsung
Tata Teleservices

Whitepaper

Read All