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Nigeria Diesel Genset Market Research Report: By Power Rating and Application - Industry Analysis and Growth Forecast to 2030

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    Report

  • 123 Pages
  • December 2021
  • Region: Nigeria
  • Prescient & Strategic Intelligence Private Limited
  • ID: 4774771
The Nigerian diesel genset market value, which will be an estimated $445.1 million in 2021, will further witness a 6.8% CAGR between 2021 and 2030, to reach $806.8 million by 2030. Generators that offer power in a range of 15 kilovolt-Amperes (kVA) to 75 kVA are hugely popular in residential facilities, telecom towers, small industries, restaurants, hotels, and commercial complexes, due to their cost-effectiveness.







Apart from these places, diesel gensets are widely used in the oil and gas industry of Nigeria. Since most oilfields are remotely located, they lack a grid connection, which is why gensets are essentials to keep the operations running. Nigeria is one of the largest producers of crude oil in the world, which is largely due to the continuous operations of gensets in oilfields.

Key Findings of Nigeria Diesel Genset Market Report

Presently, the Nigerian diesel genset market is dominated by commercial applications, as commercial spaces in the country generally use high-power gensets for continuous operations, on account of the poor grid infrastructure here.

One of the biggest factors encouraging residential, commercial, and industrial users to buy gensets is the decreasing prices of low-power variants. This is itself because of the regulations imposed by the Nigerian government to curb the import of these machines and produce them locally instead.

Further, the poor grid infrastructure is the biggest reason that makes gensets important. With the rapid industrialization and population growth, the amount of power being generated in the country is becoming increasingly inadequate. Moreover, the large transmission losses make the situation worse, thereby driving the demand for diesel gensets.

During the COVID-19 pandemic, the sale of diesel gensets in the nation declined because the lockdowns and factory and commercial space closures reduced the demand for them. Moreover, generator manufacturers faced constraints in procuring the components and assembling the final products, which further hurt the industry growth prospects in 2020.

The emission of greenhouses gases is one of the major factors that has a slight negative impact on the Nigerian diesel genset market growth. Considering the rising air pollution levels, the government has put stringent regulations in place to check GHG emissions from diesel machines and initiated policies to promote cleaner fuels, such as natural gas.

Key companies in the Nigerian diesel genset market are Denyo Co. Ltd., Honda Manufacturing (Nigeria) Limited, YorPower Ltd., Jubaili Bros, Caterpillar Inc., Cummins Inc., Kirloskar Oil Engines Limited, Siemens AG, General Electric Company, SUMEC Group Corporation, Atlas Copco AB, John Holt Plc, Mitsubishi Heavy Industries Ltd., JMG Limited, and Mikano International Limited.
Frequently Asked Questions about the Nigerian Diesel Genset Market

What is the estimated value of the Nigerian Diesel Genset Market?

The Nigerian Diesel Genset Market was estimated to be valued at $445.1 Million in 2021.

What is the growth rate of the Nigerian Diesel Genset Market?

The growth rate of the Nigerian Diesel Genset Market is 6.8%, with an estimated value of $806.8 Million by 2030.

What is the forecasted size of the Nigerian Diesel Genset Market?

The Nigerian Diesel Genset Market is estimated to be worth $806.8 Million by 2030.

Who are the key companies in the Nigerian Diesel Genset Market?

Key companies in the Nigerian Diesel Genset Market include Denyo Co. Ltd., YorPower Ltd., Honda Manufacturing (Nigeria) Limited, Jubaili Bros, Cummins Inc., Caterpillar Inc., Kirloskar Oil Engines Limited, General Electric Company and SUMEC Group Corporation.

Table of Contents

Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Diesel Genset Market Scope
1.3.1.1 Market segmentation by power rating
1.3.1.2 Market segmentation by application
1.3.2 Analysis Period
1.3.3 Market Data Reporting Unit
1.3.3.1 Value
1.3.3.2 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
3.1 Nigeria Diesel Genset Market Summary
3.1.1 By Volume
3.1.2 By Value
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Power Rating
4.1.1.1 15 kVA-75 kVA
4.1.1.2 76 kVA-375 kVA
4.1.1.3 376 kVA-750 kVA
4.1.1.4 751-999 kVA
4.1.1.5 1000 and above
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 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 market forecast
4.3.4 Opportunities
4.3.4.1 Adoption of PV-diesel hybrid systems
4.4 Impact of COVID-19
4.5 Regulatory Framework Analysis
4.5.1 Regulation on the Import of Gensets
4.5.2 Regulation on Diesel Gensets
4.6 Overview of the Power Sector in Nigeria
4.6.1 Generation
4.6.2 Prime Energy
4.6.3 Transmission
4.6.4 Distribution
4.6.5 Key Players in Nigerian Power Sector
4.6.6 Policies and Laws Concerning Power Sector in Nigeria
4.7 Import-Export Analysis
4.8 Porter’s Five Forces Analysis
4.8.1 Bargaining Power of Buyers
4.8.2 Bargaining Power of Suppliers
4.8.3 Intensity of Rivalry
4.8.4 Threat of New Entrants
4.8.5 Threat of Substitutes
Chapter 5. Nigeria Diesel 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 Top Engine Brand Share Analysis (2021)
6.1.1 By Volume - Diesel Engine
6.2 Genset Market Share Analysis of Top OEMs (2021)
6.2.1 By Volume - Diesel Genset
6.3 Competitive Benchmarking of Key Players
6.4 Product Offerings of Market Players
6.4.1 Diesel Genset
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
7.2 YorPower Ltd.
7.2.1 Business Overview
7.2.2 Product and Service Offerings
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
7.5 Cummins Inc.
7.5.1 Business Overview
7.5.2 Product and Service Offerings
7.5.3 Key Financial Summary
7.6 Caterpillar Inc.
7.6.1 Business Overview
7.6.2 Product and Service Offerings
7.6.3 Key Financial Summary
7.7 Kirloskar Oil Engines Limited
7.7.1 Business Overview
7.7.2 Product and Service Offerings
7.7.3 Key Financial Summary
7.8 General Electric Company
7.8.1 Business Overview
7.8.2 Product and Service Offerings
7.8.3 Key Financial Summary
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
7.11 John Holt Plc
7.11.1 Business Overview
7.11.2 Product and Service Offerings
7.11.3 Key Financial Summary
7.12 Atlas Copco AB
7.12.1 Business Overview
7.12.2 Product and Service Offerings
7.12.3 Key Financial Summary
7.13 Mitsubishi Heavy Industries Ltd.
7.13.1 Business Overview
7.13.2 Product and Service Offerings
7.13.3 Key Financial Summary
7.14 Mikano International Limited
7.14.1 Business Overview
7.14.2 Product and Service Offerings
7.15 JMG Limited
7.15.1 Business Overview
7.15.2 Product and Service Offerings
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 NIGERIA DIESEL GENSET MARKET: IMPACT ANALYSIS
Table 3: RESTRAINTS FOR THE NIGERIA DIESEL GENSET MARKET: IMPACT ANALYSIS
Table 4: POWER GENERATING STATIONS PRIOR TO REFORMS
Table 5: IPPS CONNECTED TO NATIONAL GRID
Table 6: POWER PLANT IN NIPP
Table 7: DISTRIBUTION COMPANIES OF NIGERIA
Table 8: NIGERIA ELECTRICITY AND POWER IMPORT/EXPORT OVERVIEW, $M
Table 9: NIGERIA DIESEL GENSET MARKET, BY POWER RATING, UNITS (2017-2021)
Table 10: NIGERIA DIESEL GENSET MARKET, BY POWER RATING, UNITS (2022-2030)
Table 11: NIGERIA DIESEL GENSET MARKET, BY POWER RATING, $M (2017-2021)
Table 12: NIGERIA DIESEL GENSET MARKET, BY POWER RATING, $M (2022-2030)
Table 13: NIGERIA DIESEL GENSET MARKET, BY APPLICATION, UNITS (2017-2021)
Table 14: NIGERIA DIESEL GENSET MARKET, BY APPLICATION, UNITS (2022-2030)
Table 15: NIGERIA DIESEL GENSET MARKET, BY APPLICATION, $M (2017-2021)
Table 16: NIGERIA DIESEL GENSET MARKET, BY APPLICATION, $M (2022 -2030)
Table 17: NIGERIA DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY USER, UNITS (2017-2021)
Table 18: NIGERIA DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY USER, UNITS (2022-2030)
Table 19: NIGERIA DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY USER, $M (2017-2021)
Table 20: NIGERIA DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY USER, $M (2022-2030)
Table 21: NIGERIA DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY USER, UNITS (2017-2021)
Table 22: NIGERIA DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY USER, UNITS (2022-2030)
Table 23: NIGERIA DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY USER, $M (2017-2021)
Table 24: NIGERIA DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY USER, $M (2022-2030)
Table 25: TOP DIESEL ENGINE BRAND SHARE ANALYSIS, BY VOLUME (2021)
Table 26: DIESEL GENSET MARKET SHARE ANALYSIS OF TOP OEMS, BY VOLUME (2021)
Table 27: COMPETITIVE BENCHMARKING OF KEY PLAYERS
Table 28: DIESEL GENSETS OFFERED BY MAJOR MARKET PLAYERS
Table 29: DENYO CO. LTD. - AT A GLANCE
Table 30: DENYO CO. LTD. - KEY FINANCIAL SUMMARY
Table 31: YORPOWER LTD. - AT A GLANCE
Table 32: HONDA MANUFACTURING (NIGERIA) LIMITED - AT A GLANCE
Table 33: JUBAILI BROS - AT A GLANCE
Table 34: CUMMINS INC. - AT A GLANCE
Table 35: CUMMINS INC. - KEY FINANCIAL SUMMARY
Table 36: CATERPILLAR INC. - AT A GLANCE
Table 37: CATERPILLAR INC. - KEY FINANCIAL SUMMARY
Table 38: KIRLOSKAR OIL ENGINES LIMITED - AT A GLANCE
Table 39: KIRLOSKAR OIL ENGINES LIMITED - KEY FINANCIAL SUMMARY
Table 40: GENERAL ELECTRIC COMPANY - AT A GLANCE
Table 41: GENERAL ELECTRIC COMPANY - KEY FINANCIAL SUMMARY
Table 42: SIEMENS AG - AT A GLANCE
Table 43: SIEMENS AG - KEY FINANCIAL SUMMARY
Table 44: SUMEC GROUP CORPORATION - AT A GLANCE
Table 45: JOHN HOLT PLC - AT A GLANCE
Table 46: JOHN HOLT PLC - KEY FINANCIAL SUMMARY
Table 47: ATLAS COPCO AB - AT A GLANCE
Table 48: ATLAS COPCO AB - KEY FINANCIAL SUMMARY
Table 49: MITSUBISHI HEAVY INDUSTRIES LTD. - AT A GLANCE
Table 50: MITSUBISHI HEAVY INDUSTRIES LTD. - KEY FINANCIAL SUMMARY
Table 51: MIKANO INTERNATIONAL LIMITED - AT A GLANCE
Table 52: JMG LIMITED - AT A GLANCE
List of Figures
Figure 1: RESEARCH SCOPE
Figure 2: RESEARCH METHODOLOGY
Figure 3: BREAKDOWN OF PRIMARY RESEARCH BY INDUSTRY PARTICIPANT
Figure 4: BREAKDOWN OF PRIMARY RESEARCH BY COMPANY TYPE
Figure 5: DATA TRIANGULATION APPROACH
Figure 6: NIGERIA DIESEL GENSET MARKET SUMMARY (BY VOLUME)
Figure 7: NIGERIA DIESEL GENSET MARKET SUMMARY (BY VALUE)
Figure 8: STRUCTURE OF POWER SECTOR IN NIGERIA
Figure 9: PORTER’S FIVE FORCE ANALYSIS
Figure 10: BARGAINING POWER OF BUYERS
Figure 11: BARGAINING POWER OF SUPPLIERS
Figure 12: INTENSITY OF RIVALRY
Figure 13: THREAT OF NEW ENTRANTS
Figure 14: THREAT OF SUBSTITUTES
Figure 15: NIGERIA DIESEL GENSET MARKET SNAPSHOT
Figure 16: NIGERIA DIESEL GENSET MARKET, BY POWER RATING, UNITS (2017-2030)
Figure 17: NIGERIA DIESEL GENSET MARKET, BY APPLICATION, UNITS (2017-2030)
Figure 18: DENYO CO. LTD. - REVENUE SPLIT BY PRODUCT AND GEOGRAPHY (2020)
Figure 19: CUMMINS INC. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2020)
Figure 20: CATERPILLAR INC. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2020)
Figure 21: GENERAL ELECTRIC COMPANY - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2020)
Figure 22: SIEMENS AG - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2020)
Figure 23: ATLAS COPCO AB - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2020)
Figure 24: MITSUBISHI HEAVY INDUSTRIES LTD. - REVENUE SPLIT BY SEGMENT (2020)

Companies Mentioned

  • Denyo Co. Ltd.
  • YorPower Ltd.
  • Honda Manufacturing (Nigeria) Limited
  • Jubaili Bros
  • Cummins Inc.
  • Caterpillar Inc.
  • Kirloskar Oil Engines Limited
  • General Electric Company
  • Siemens AG
  • SUMEC Group Corporation
  • John Holt Plc
  • Atlas Copco AB
  • Mitsubishi Heavy Industries Ltd.
  • Mikano International Limited
  • JMG Limited

Methodology

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