Nigeria Diesel Genset Market Overview
Nigeria Diesel Genset Market is anticipated to witness healthy growth during 2019-25 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 is driving the Nigeria Diesel Genset Market Growth. Increasing loss of power transmission coupled with lack of power infrastructure is driving the development of the industry.
According to 6Wresearch, the Nigeria Diesel Generator Market size is projected to grow at a CAGR of 2.8% during 2019-2025. 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.
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.
Key Highlights of the Report:
- Nigeria Diesel Genset Market Overview
- Nigeria Diesel Genset Market Outlook
- Nigeria Diesel Genset Market Trends
- Nigeria Diesel Genset Market Forecast
- Nigeria Diesel Genset Market Size
- Nigeria Diesel Genset Market Price Trends
- Nigeria Diesel Gensets Market Drivers and Restraints
- Company Profiles
- Strategic Recommendations
- Nigeria Diesel Genset Market Share, By Companies
- Nigeria Diesel Genset Market Share, by kVA rating
- Nigeria Diesel Genset Market Forecast of revenues until 2025
- Nigeria Diesel Genset Market Overview on Competitive Benchmarking
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