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Nigeria Diesel Genset Market by Power Rating, and Application - Market Size, Share, Development, Growth, and Demand Forecast to 2024

  • ID: 4774771
  • Report
  • Region: Nigeria
  • 112 Pages
  • Prescient & Strategic Intelligence Private Limited
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FEATURED COMPANIES

  • Caterpillar Inc.
  • Cummins Inc.
  • Denyo Co. Ltd.
  • General Electric Company
  • Jubaili Bros
  • Siemens AG
  • MORE

The Nigerian diesel genset market is expected to generate a revenue of $527.4 million by 2024, advancing at a CAGR of 4.1% during the forecast period (2019–2024). The key factors driving the growth of the market are substantial transmission loss, deficiency of high base power, and increasing demand for electricity for commercial, residential, and industrial applications.

The country’s power domain is facing various issues such as weak transmission and distribution network, inefficient operations, and a huge gap in demand-supply, with the demand outrunning the production of domestic electricity by a notable margin. According to industry experts, in 2018, the demand for electricity in the country was over 40,000 MW, whereas the energy produced hovered near the 7,000 MW–8,000 MW mark. This clearly suggests an increasing consumer reliance upon diesel generator sets in the country.

During the forecast period as well, government initiatives might not be able to completely fill the gap between the demand and supply due to the substandard grid infrastructure, high base power deficit, and surging population. This is resulting in a greater dependence on off-grid sources to cater to the power requirements, thereby further strengthening the Nigerian diesel genset market.

Based on power rating, the market is classified into 5 kVA–75 kVA, 76 kVA–375 kVA, 376 kVA–750 kVA, and above 750 kVA. Out of these, during the historical period (2014–2018), 5 kVA–75 kVA gensets dominated the Nigerian diesel genset market in terms of sales volume, due to the massive demand for these gensets in commercial complexes, hotels, residential settings, and other places with low-power needs.

Based on application, the Nigerian diesel genset market is divided into industrial, commercial, and residential applications. Among these, the industrial division dominated the market with a revenue contribution of more than 40.0% in 2018. This can be attributed to the huge demand for comparatively expensive high-power generator sets in the industrial sector of the country. In addition, the proposed Economic Recovery and Growth Plan (ERGP) of the Nigerian government is projected to attract huge investments in the manufacturing sector, thereby, encouraging the adoption of diesel gensets for operations and setting up of various industries.

In 2018, in Nigeria, telecom towers registered more than 12.0% sales volume share in the market. Furthermore, the category is predicted to advance at a CAGR of 6.3% in terms of revenue during the 2019–2024 period, owing to the increasing demand for these gensets in telecom towers to fulfill the auxiliary and prime power requirements. Also, the investments in the telecom sector, along with the significant installation of towers in erratic power supply scenario and in off-grid areas, are anticipated to support the Nigeria diesel genset market during the forecast period.

NIGERIA DIESEL GENSET MARKET SEGMENTATION

Market Segmentation by Power Rating

  • 5 kVA–75 kVA
  • 76 kVA–375 kVA
  • 376 kVA–750 kVA
  • Above 750 kVA

Market Segmentation by Application

  • Commercial
    • By user
    • Retail establishments
    • Commercial offices
    • Telecom towers
    • Hospitals
    • Hotels
    • Others (public transport agencies, party halls, petrol pumps, cold storage facilities, and amusement parks)
  • Industrial
    • By user
    • Manufacturing
    • Energy and power
    • Others (small industrial units, construction projects, and locomotives)
  • Residential
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • Caterpillar Inc.
  • Cummins Inc.
  • Denyo Co. Ltd.
  • General Electric Company
  • Jubaili Bros
  • Siemens AG
  • MORE

Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Power Rating
1.3.2 Market Segmentation by Application
1.3.3 Analysis Period
1.3.4 Market Data Reporting Unit
1.3.4.1 Value
1.3.4.2 Volume
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By industry participant
2.2.1.2 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Power Rating
4.1.1.1 5 kVA-75 kVA
4.1.1.2 76 kVA-375 kVA
4.1.1.3 376 kVA-750 kVA
4.1.1.4 Above 750 kVA
4.1.2 By Application
4.1.2.1 Commercial
4.1.2.1.1 Retail establishments
4.1.2.1.2 Commercial offices
4.1.2.1.3 Telecom towers
4.1.2.1.4 Hospitals
4.1.2.1.5 Hotels
4.1.2.1.6 Others
4.1.2.2 Industrial
4.1.2.2.1 Manufacturing
4.1.2.2.2 Energy and power
4.1.2.2.3 Others
4.1.2.3 Residential
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Decreasing import of low-power diesel gensets
4.3.2 Drivers
4.3.2.1 Growing demand for power in differentiated industries
4.3.2.2 Substantial base power deficit and power transmission losses in Nigeria
4.3.2.3 Impact analysis of drivers on the market forecast
4.3.3 Restraints
4.3.3.1 High operating costs of diesel gensets and growing adoption of PV systems
4.3.3.2 Impact analysis of restraints on the market forecast
4.3.4 Opportunities
4.3.4.1 Adoption of PV-diesel hybrid systems
4.4 Regulatory Framework Analysis
4.4.1 Regulation on the Import of Diesel Gensets
4.4.2 Federal Ban on the Bulk Import of Diesel Gensets
4.5 Overview of the Power Sector in Nigeria
4.6 Import-Export Analysis
4.7 Porter’s Five Forces Analysis
4.7.1 Bargaining Power of Buyers
4.7.2 Bargaining Power of Suppliers
4.7.3 Intensity of Rivalry
4.7.4 Threat of New Entrants
4.7.5 Threat of Substitutes

Chapter 5. Nigeria Market Size and Forecast
5.1 By Power Rating
5.2 By Application
5.2.1 Commercial Application, By User
5.2.2 Industrial Application, By User

Chapter 6. Competitive Landscape
6.1 Market Share Analysis of Key Players
6.2 Competitive Benchmarking of Key Players
6.3 Product Mapping in Diesel Genset Market of Nigeria
6.3.1 Product Offerings of Major Market Players
6.3.2 Product Offerings of Other Market Players

Chapter 7. Company Profiles
7.1 Denyo Co. Ltd.
7.1.1 Business Overview
7.1.2 Product and Service Offerings
7.1.3 Key Financial Summary
7.1.4 Nigeria-Specific Operations
7.2 YorPower Ltd.
7.2.1 Business Overview
7.2.2 Product and Service Offerings
7.2.3 Nigeria-Specific Operations
7.3 Honda Manufacturing (Nigeria) Limited
7.3.1 Business Overview
7.3.2 Product and Service Offerings
7.4 Jubaili Bros
7.4.1 Business Overview
7.4.2 Product and Service Offerings
7.4.3 Nigeria-Specific Operations
7.5 Cummins Inc.
7.5.1 Business Overview
7.5.2 Product and Service Offerings
7.5.3 Key Financial Summary
7.5.4 Nigeria-Specific Operations
7.6 Caterpillar Inc.
7.6.1 Business Overview
7.6.2 Product and Service Offerings
7.6.3 Key Financial Summary
7.6.4 Nigeria-Specific Operations
7.7 Kirloskar Oil Engines Limited
7.7.1 Business Overview
7.7.2 Product and Service Offerings
7.7.3 Key Financial Summary
7.7.4 Nigeria-Specific Operations
7.8 General Electric Company
7.8.1 Business Overview
7.8.2 Product and Service Offerings
7.8.3 Key Financial Summary
7.8.4 Nigeria-Specific Operations
7.9 Siemens AG
7.9.1 Business Overview
7.9.2 Product and Service Offerings
7.9.3 Key Financial Summary
7.10 SUMEC Group Corporation
7.10.1 Business Overview
7.10.2 Product and Service Offerings
7.10.3 Nigeria-Specific Operations

Chapter 8. Appendix
8.1 Abbreviations
8.2 Sources and References
8.3 Related Reports

List of Tables
Table 1 Analysis Period Of The Study
Table 2 Drivers For The Market: Impact Analysis
Table 3 Restraints For The Market: Impact Analysis
Table 4 Diesel Genset Imports In Nigeria
Table 5 Consolidated Data On Diesel Genset Imports In Nigeria, $M
Table 6 Diesel Genset Exports In Nigeria
Table 7 Consolidated Data On Diesel Genset Exports In Nigeria, $M
Table 8 Nigeria Diesel Genset Market, By Power Rating, Units (2014-2018)
Table 9 Nigeria Diesel Genset Market, By Power Rating, Units (2019-2024)
Table 10 Nigeria Diesel Genset Market, By Power Rating, $M (2014-2018)
Table 11 Nigeria Diesel Genset Market, By Power Rating, $M (2019-2024)
Table 12 Nigeria Diesel Genset Market, By Application, Units (2014-2018)
Table 13 Nigeria Diesel Genset Market, By Application, Units (2019-2024)
Table 14 Nigeria Diesel Genset Market, By Application, $M (2014-2018)
Table 15 Nigeria Diesel Genset Market, By Application, $M (2019-2024)
Table 16 Nigeria Diesel Genset Market For Commercial Application, By User, Units (2014-2018)
Table 17 Nigeria Diesel Genset Market For Commercial Application, By User, Units (2019-2024)
Table 18 Nigeria Diesel Genset Market For Commercial Application, By User, $M (2014-2018)
Table 19 Nigeria Diesel Genset Market For Commercial Application, By User, $M (2019-2024)
Table 20 Nigeria Diesel Genset Market For Industrial Application, By User, Units (2014-2018)
Table 21 Nigeria Diesel Genset Market For Industrial Application, By User, Units (2019-2024)
Table 22 Nigeria Diesel Genset Market For Industrial Application, By User, $M (2014-2018)
Table 23 Nigeria Diesel Genset Market For Industrial Application, By User, $M (2019-2024)
Table 24 Competitive Benchmarking Of Key Players
Table 25 Diesel Gensets Offered By Major Market Players
Table 26 Diesel Gensets Offered By Other Market Players
Table 27 Denyo Co. Ltd. - At A Glance
Table 28 Denyo Co. Ltd. - Key Financial Summary
Table 29 Yorpower Ltd. - At A Glance
Table 30 Honda Manufacturing (Nigeria) Limited - At A Glance
Table 31 Jubaili Bros - At A Glance
Table 32 Cummins Inc. - At A Glance
Table 33 Cummins Inc. - Key Financial Summary
Table 34 Caterpillar Inc. - At A Glance
Table 35 Caterpillar Inc. - Key Financial Summary
Table 36 Kirloskar Oil Engines Limited - At A Glance
Table 37 Kirloskar Oil Engines Limited - Key Financial Summary
Table 38 General Electric Company - At A Glance
Table 39 General Electric Company - Key Financial Summary
Table 40 Siemens Ag - At A Glance
Table 41 Siemens Ag - Key Financial Summary
Table 42 Sumec Group Corporation - At A Glance

List of Figures
Fig 1 Research Scope
Fig 2 Research Methodology
Fig 3 Breakdown Of Primary Research By Industry Participant
Fig 4 Breakdown Of Primary Research By Company Type
Fig 5 Data Triangulation Approach
Fig 6 Nigeria Diesel Genset Market Summary
Fig 7 Nigeria’S Power Sector Overview (2016)
Fig 8 Porter’S Five Force Analysis
Fig 9 Bargaining Power Of Buyers
Fig 10 Bargaining Power Of Suppliers
Fig 11 Intensity Of Rivalry
Fig 12 Threat Of New Entrants
Fig 13 Threat Of Substitutes
Fig 14 Nigeria Diesel Genset Market Snapshot
Fig 15 Nigeria Diesel Genset Market, By Power Rating, Units (2014-2024)
Fig 16 Nigeria Diesel Genset Market, By Application, Units (2014-2024)
Fig 17 Nigeria Diesel Genset Market For Commercial Application, By User, Units (2014-2024)
Fig 18 Nigeria Diesel Genset Market For Industrial Application, By User, Units (2014-2024)
Fig 19 Nigeria Diesel Genset Market Share Of Key Players (2018)
Fig 20 Denyo Co. Ltd. - Revenue Split By Product And Geography (2018)
Fig 21 Cummins Inc. - Revenue Split By Segment And Geography (2018)
Fig 22 Caterpillar Inc. - Revenue Split By Segment And Geography (2018)
Fig 23 Kirloskar Oil Engines Limited - Revenue Split By Product And Geography (2018)
Fig 24 General Electric Company - Revenue Split By Segment And Geography (2018)
Fig 25 Siemens Ag - Revenue Split By Segment And Geography (2018)

Note: Product cover images may vary from those shown
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  • Caterpillar Inc.
  • Cummins Inc.
  • Denyo Co. Ltd.
  • General Electric Company
  • Honda Manufacturing (Nigeria) Limited
  • Jubaili Bros
  • Kirloskar Oil Engines Limited
  • Siemens AG
  • SUMEC Group Corporation
  • YorPower Ltd.
Note: Product cover images may vary from those shown
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