| Product Code: ETC8635967 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Nigeria continued to rely heavily on imports of split air conditioning systems, with top exporters being China, India, Malaysia, UK, and South Korea. The market remained highly concentrated, with a high Herfindahl-Hirschman Index (HHI). Despite a negative compound annual growth rate (CAGR) from 2020 to 2024 at -8.87%, there was a slight uptick in growth from 2023 to 2024 at 1.39%. This indicates a challenging market environment with potential for incremental growth in the coming years as demand for air conditioning systems in Nigeria continues to evolve.

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 Split Air Conditioning Systems Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Split Air Conditioning Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Split Air Conditioning Systems Market - Industry Life Cycle |
3.4 Nigeria Split Air Conditioning Systems Market - Porter's Five Forces |
3.5 Nigeria Split Air Conditioning Systems Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Nigeria Split Air Conditioning Systems Market Revenues & Volume Share, By Installation, 2021 & 2031F |
3.7 Nigeria Split Air Conditioning Systems Market Revenues & Volume Share, By Price, 2021 & 2031F |
3.8 Nigeria Split Air Conditioning Systems Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
3.9 Nigeria Split Air Conditioning Systems Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Nigeria Split Air Conditioning Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Nigeria Split Air Conditioning Systems Market Trends |
6 Nigeria Split Air Conditioning Systems Market, By Types |
6.1 Nigeria Split Air Conditioning Systems Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Split Air Conditioning Systems Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Nigeria Split Air Conditioning Systems Market Revenues & Volume, By Mini Split AC, 2021- 2031F |
6.1.4 Nigeria Split Air Conditioning Systems Market Revenues & Volume, By Multi-split AC, 2021- 2031F |
6.1.5 Nigeria Split Air Conditioning Systems Market Revenues & Volume, By Others (VRF), 2021- 2031F |
6.2 Nigeria Split Air Conditioning Systems Market, By Installation |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Split Air Conditioning Systems Market Revenues & Volume, By Wall Mounted, 2021- 2031F |
6.2.3 Nigeria Split Air Conditioning Systems Market Revenues & Volume, By Free Standing, 2021- 2031F |
6.2.4 Nigeria Split Air Conditioning Systems Market Revenues & Volume, By Others (Floor Ceiling), 2021- 2031F |
6.3 Nigeria Split Air Conditioning Systems Market, By Price |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Split Air Conditioning Systems Market Revenues & Volume, By Low, 2021- 2031F |
6.3.3 Nigeria Split Air Conditioning Systems Market Revenues & Volume, By Medium, 2021- 2031F |
6.3.4 Nigeria Split Air Conditioning Systems Market Revenues & Volume, By High, 2021- 2031F |
6.4 Nigeria Split Air Conditioning Systems Market, By Capacity |
6.4.1 Overview and Analysis |
6.4.2 Nigeria Split Air Conditioning Systems Market Revenues & Volume, By Less Than 1 Ton, 2021- 2031F |
6.4.3 Nigeria Split Air Conditioning Systems Market Revenues & Volume, By 1 to 1.5 Tons, 2021- 2031F |
6.4.4 Nigeria Split Air Conditioning Systems Market Revenues & Volume, By 1.5 to 2.0 Tons, 2021- 2031F |
6.4.5 Nigeria Split Air Conditioning Systems Market Revenues & Volume, By More Than 2.0 Tons, 2021- 2031F |
6.5 Nigeria Split Air Conditioning Systems Market, By Distribution Channel |
6.5.1 Overview and Analysis |
6.5.2 Nigeria Split Air Conditioning Systems Market Revenues & Volume, By Online, 2021- 2031F |
6.5.3 Nigeria Split Air Conditioning Systems Market Revenues & Volume, By Offline, 2021- 2031F |
7 Nigeria Split Air Conditioning Systems Market Import-Export Trade Statistics |
7.1 Nigeria Split Air Conditioning Systems Market Export to Major Countries |
7.2 Nigeria Split Air Conditioning Systems Market Imports from Major Countries |
8 Nigeria Split Air Conditioning Systems Market Key Performance Indicators |
9 Nigeria Split Air Conditioning Systems Market - Opportunity Assessment |
9.1 Nigeria Split Air Conditioning Systems Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Nigeria Split Air Conditioning Systems Market Opportunity Assessment, By Installation, 2021 & 2031F |
9.3 Nigeria Split Air Conditioning Systems Market Opportunity Assessment, By Price, 2021 & 2031F |
9.4 Nigeria Split Air Conditioning Systems Market Opportunity Assessment, By Capacity, 2021 & 2031F |
9.5 Nigeria Split Air Conditioning Systems Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Nigeria Split Air Conditioning Systems Market - Competitive Landscape |
10.1 Nigeria Split Air Conditioning Systems Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Split Air Conditioning Systems Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here