Nigeria Gas Genset Market Analysis by Trends, Size, Share, Growth Opportunities, and Emerging Technologies
The total value of the Nigerian gas genset market was $259.8 million in 2021, and it will rise at a growth rate of above 7.9% in the near future, to reach $514.4 million by 2030. The main reasons behind the growth of this industry are, thriving commercial and industrial development.
On the basis of power rating segment, the 1,000 kVA and above category held the largest share in 2021. It is credited to the surging demand for gensets of power rating 1,000 kVA and above in several industries like energy, commercial, and manufacturing.
On the basis of application, the commercial category is expected to grow the fastest in the coming years. this can be ascribed to the high acceptance of gensets fuelled by gas in commercial area like telecom and real estate.
Browse detailed report - https://www.psmarketresearch.com/market-analysis/nigeria-gas-genset-market
Moreover, in the construction sector the need for such equipment is very high as construction machines require continuous power, they as they cannot bear too many power cuts as they need to pay their workers on hourly bases. Due to the surging population, the demand for food and beverages has increased rapidly which is in turn increasing the demand for gas gensets.
Major players in the country are playing a vital role in the development of Nigeria by formulating several plans, the main suppliers of gas-powered generators in the African region are Honda Manufacturing (Nigeria) Limited YorPower Ltd., Atlas Copco AB, JMG Limited and Jubaili Bros, Atlas Copco AB.
With the significant growth of the commercial industries, the demand for gas gensets will grow in the coming years in Nigeria.
The total value of the Nigerian gas genset market was $259.8 million in 2021, and it will rise at a growth rate of above 7.9% in the near future, to reach $514.4 million by 2030. The main reasons behind the growth of this industry are, thriving commercial and industrial development.
On the basis of power rating segment, the 1,000 kVA and above category held the largest share in 2021. It is credited to the surging demand for gensets of power rating 1,000 kVA and above in several industries like energy, commercial, and manufacturing.
On the basis of application, the commercial category is expected to grow the fastest in the coming years. this can be ascribed to the high acceptance of gensets fuelled by gas in commercial area like telecom and real estate.
Browse detailed report - https://www.psmarketresearch.com/market-analysis/nigeria-gas-genset-market
Moreover, in the construction sector the need for such equipment is very high as construction machines require continuous power, they as they cannot bear too many power cuts as they need to pay their workers on hourly bases. Due to the surging population, the demand for food and beverages has increased rapidly which is in turn increasing the demand for gas gensets.
Major players in the country are playing a vital role in the development of Nigeria by formulating several plans, the main suppliers of gas-powered generators in the African region are Honda Manufacturing (Nigeria) Limited YorPower Ltd., Atlas Copco AB, JMG Limited and Jubaili Bros, Atlas Copco AB.
With the significant growth of the commercial industries, the demand for gas gensets will grow in the coming years in Nigeria.
0
0 Comentários
0 compartilhamentos