Nigeria HVAC Systems Market (2021-2027)

Market Forecast By Product Type (Heating, Cooling, Ventilation), By End-User (Residential, Commercial, Industrial), By Region (Northern, Western, Mid-Western, Eastern) And Competitive Landscape

Product Code: ETC060826 Publication Date: May 2021 Product Type: Report
Publisher: 6Wresearch No. of Pages: 74 No. of Figures: 14 No. of Tables: 7

Nigeria HVAC systems market has witnessed a fall in revenues during 2020 due to the ongoing pandemic of COVID-19, which resulted in a suspension of economic activities, reduced oil prices, decreased Nigerian financial revenues and lockdown across different states of the country. This further has led to disruption in the supply of HVAC systems and international trade. However, the upsurge in the construction activities, rising urbanization projects in different states of the country, growing rate of investments and rapid developmental projects launched by the Nigerian government would be the key catalyzers for the overall growth of the HVAC Systems market in Nigeria.

According to 6Wresearch, Nigeria HVAC Systems Market size is projected to grow at a CAGR of 11.9% during 2021-2027F. Numerous construction projects in Nigeria, on account of bilateral agreements with American and Chinese companies and financial support from the Nigerian state-owned facilities, construction of industrial parks, tech-parks, SEZs, construction-related projects such as the Abuja World Trade Center project would boost the demand for the air-conditioners, chillers, boilers and related components installation across residential, commercial, and industrial verticals in the coming years.

In the present scenario, the Nigerian HVAC systems market is dominated in the commercial and residential sectors and is anticipated to trigger the market demand further in the forecast period as the consumers are likely to continue their preferences towards air-conditioners

By product types cooling segment comprise a significant share in the Nigerian market on the account of the country's hot climate additionally, the market is gaining popularity owing to advent of novel technologically advanced products as these are energy efficient thus, likely to increase HVAC demand in the forecast period.

 The Nigeria HVAC Systems market report comprehensively covers the market by components, application, and region. The 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 device and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report

  • Nigeria HVAC Systems Market Overview
  • Nigeria HVAC Systems Market Outlook
  • Nigeria HVAC Systems Market Forecast
  • Historical Data and Forecast of Nigeria HVAC Systems Market Revenues for the Period 2017-2027F
  • Historical Data and Forecast of Market Revenues, By Product Types, for the Period 2017-2027F
  • Historical Data and Forecast of Market Revenues, By Applications, for the Period 2017-2027F
  • Historical Data and Forecast of Market Revenues, By Regions, for the Period 2017-2027F
  • Market Drivers and Restraints
  • Nigeria HVAC Systems Market Trends
  • Industry Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • Nigeria HVAC Systems Market Share, By Companies
  • Impact Analysis of COVID-19
  • Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Markets Covered

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

  • By Product Type
    • Heating
    • Ventilation
    • Cooling
  • By Applications
    • Residential
    • Commercial
    • Industrial
  • By Region
    • Northern
    • Western
    • Mid-Western
    • Eastern

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 HVAC Systems Market Overview

3.1 Nigeria HVAC Systems Market Revenues, 2017-2027F

3.2 Nigeria HVAC Systems Market-Industry Life Cycle

3.3 Nigeria HVAC Systems Market-Porter’s Five Forces

3.4 Nigeria HVAC Systems Market COVID-19 Impact Analysis

3.5 Nigeria HVAC Systems Market Revenues Share, By Product Types, 2020 & 2027F

    3.6 Nigeria HVAC Systems Market Revenues Share, By Applications, 2020 & 2027F

3.7 Nigeria HVAC Systems Market Revenues Share, By Regions, 2020 & 2027F

4. Nigeria HVAC Systems Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5. Nigeria HVAC Systems Market Trends & Evolution

6. Nigeria HVAC Systems Market Overview, By Product Types

6.1 Nigeria HVAC Systems Market Revenues, By Heating, 2017-2027F

6.2 Nigeria HVAC Systems Market Revenues, By Ventilation, 2017-2027F

6.3 Nigeria HVAC Systems Market Revenues, By Cooling, 2017-2027F

7. Nigeria HVAC Systems Market, By Applications

7.1 Nigeria HVAC Systems Market Revenues, By Residential, 2017-2027F

7.2 Nigeria HVAC Systems Market Revenues, By Commercial, 2017-2027F

7.3 Nigeria HVAC Systems Market Revenues, By Industrial, 2017-2027F

8. Nigeria HVAC Systems Market, By Regions

8.1 Nigeria HVAC Systems Market Revenues, By Northern, 2017-2027F

8.2 Nigeria HVAC Systems Market Revenues, By Western Region, 2017-2027F

8.3 Nigeria HVAC Systems Market Revenues, By Mid- Western, 2017-2027F

8.4 Nigeria HVAC Systems Market Revenues, By Eastern, 2017-2027F

9. Nigeria HVAC Systems Market Key Performance Indicators

10. Nigeria HVAC Systems Market opportunity Assessment

10.1 Nigeria HVAC Systems Market Revenues, By Product Types, 2027F

10.2 Nigeria HVAC Systems Market Revenues, By Applications, 2027F

10.3 Nigeria HVAC Systems Market Revenues, By Regions, 2027F

11. Nigeria HVAC Systems Market Competitive Landscape

11.1 Nigeria HVAC Systems Market Revenues Share, By Companies, 2020

11.2 Nigeria HVAC Systems Market Revenues Share, By Technical & Operating Parameters

12. Company Profiles

12.1 Carrier Corporation

12.2 Chigo Holding Ltd.

12.3 Daikin Industries Ltd.

12.4 Johnson Controls Inc. (York)

12.5 LG Electronics Inc.

12.6 Midea Group Co. Ltd

12.7 Mitsubushi Electric Corporation

12.8 Panasonic Corporation

12.9 Samsung Electronics Co. Ltd.

12.10 Trane Inc.

12.11 Blue Star Ltd.

13. Key Strategic Recommendation

14. Disclaimer

List of Figures

Figure 1. Nigeria HVAC Systems Market Revenues, 2017-2027F (USD Million)

Figure 2. Nigeria HVAC Market Revenue Share, By Product Types, 2020 & 2027F

Figure 3. Nigeria HVAC Market Revenue Share, By Applications, 2020 & 2027F

Figure 4. Nigeria HVAC Market Revenue Share, By Regions, 2020 & 2027F

Figure 5. Nigeria Urban Population, 2016-2021 (Million)

Figure 6. Lagos Cost Breakdown of the Standard CAHF House, 2020

Figure 7. Nigeria Construction Sector and Real Estate GDP Growth Rate,

Figure 8. Nigeria Capital Import in Construction Sector, 2016-2020 ($ Million)

Figure 9. Nigeria Average Annual Investment 2016-40 ($ Billion)

Figure 10. Nigeria Infrastructure Investment, as a percentage of GDP, 2021

Figure 11. Nigeria HVAC Systems Market Opportunity Assessment, By Product Types, 2027F

Figure 12. Nigeria HVAC Systems Market Opportunity Assessment, By Applications, 2027F

Figure 13. Nigeria HVAC Systems Market Opportunity Assessment, By Regions, 2027F

Figure 14. Nigeria HVAC Systems Market Revenue Share, By Companies, 2020

List of Tables

Table 1. Nigeria Ongoing Skyscraper Projects

Table 2. Nigeria Upcoming Hotels, 2022-23 (Contd.)

Table 3. Nigeria Average Costs of HVAC Units, as in 2021.

Table 4. Nigeria HVAC Systems Market Revenues, By Product Types, 2017-2027F ($ Million)

Table 5. Nigeria HVAC Systems Market Revenues, By Applications, 2017-2027F($ Million)

Table 6. Nigeria HVAC Systems Market Revenues, By Regions, 2017-2027F($ Million)

Table 7. Nigeria Cumulative Infrastructure Investment Estimate, 2016-40 ($ Billion)

Nigeria HVAC Systems Market

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