Dublin, Dec. 30, 2019 (GLOBE NEWSWIRE) -- The "Nigeria Diesel Genset Market by Power Rating, and Application - Market Size, Share, Development, Growth, and Demand Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

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.

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.

Key Topics Covered:

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

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.
7.3 Honda Manufacturing (Nigeria) Limited
7.4 Jubaili Bros
7.5 Cummins Inc.
7.6 Caterpillar Inc.
7.7 Kirloskar Oil Engines Limited
7.8 General Electric Company
7.9 Siemens AG
7.10 SUMEC Group Corporation

For more information about this report visit https://www.researchandmarkets.com/r/uh1amu

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