The Diesel Genset Market in Nigeria - Forecast to 2024: Analysis by kVA Rating, Vertical and Region with Profiles of Key Companies - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 28, 2019--The “Nigeria Diesel Genset Market (2018-2024): Market Forecast by kVA Rating, by Verticals, by Regions, and Competitive Landscape” report has been added to ResearchAndMarkets.com’s offering.
Nigeria Diesel Genset market is expected to witness modest growth owing to the expansion of telecom infrastructure, the establishment of new industries and poor grid infrastructure of the country.
Growing investment in the non-oil sector of the country is anticipated to support the economic growth in the region over the coming years which would foster the demand for diesel gensets during 2018-2024. Additionally, a growing number of manufacturing units in the country is expected to boost the growth of diesel genset market.
According to this research, the Nigeria Diesel Genset market is projected to grow at a CAGR of 2.8% during 2018-2024.
In Nigeria, diesel gensets with ratings 375.1-750 kVA accounted for the majority of the revenue share in 2017. 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.
Northern Nigeria dominates the overall diesel genset market in the country, by region. Even though most industries and major tourist destinations are situated in the Southern region of Nigeria, the Northern region, due to a large population and virtually no power generation capabilities is characterized with consumers prominently using diesel gensets as a source of electricity.
By kVA Ratings5-75 kVA 75.1-375 kVA 375.1-750 kVA 750.1-1000 kVA Above 1000 kVA
By VerticalsResidential Telecom Manufacturing Oil & Gas and Power Utility Commercial Retail & Logistics Others (Educational Building, Healthcare, etc.)
By RegionsNorthern Southern
Companies ProfiledCaterpillar Cummins Denyo Co. Honda Manufacturing (Nigeria) JMG Jubaili Bros. Kirloskar Oil Engines Mikano International YorPower
For more information about this report visit https://www.researchandmarkets.com/research/nbj4f8/the_diesel_genset?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190128005273/en/
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KEYWORD: NIGERIA AFRICA
INDUSTRY KEYWORD: ENERGY OTHER ENERGY
SOURCE: Research and Markets
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PUB: 01/28/2019 05:52 AM/DISC: 01/28/2019 05:52 AM