Nigeria Diesel Genset Market to be Worth USD 695 Mln by 2022, Expects 6Wresearch in Its Report Available at MarketPublishers.com10 Oct 2016 • by Natalie Aster
LONDON – When it comes to the African genset market, it must be noted that Nigeria represents the number one player. There are more than 60 million people living in this country, and Nigeria is heavily reliant on gensets since they help to meet the power backup requirement. Diesel gensets enjoy the highest demand in the country since it experiences a lack of the power infrastructure and existing power plants work at only low capacities.
The country is still in the recession and it was caused by low prices for oil. The local manufacturing and construction sector sees negative growth in 2016.
Global economic prices are expected to stabilize thus leading to the stabilization of the economy. As a result, the diesel genset market is predicted to surge. The Nigerian marketplace is expected to be worth just under USD 695 million by 2022.
Northern Nigeria dominates the diesel genset segment due to its large population and extremely low generation of electricity.
In-demand research report “Nigeria Diesel Genset Market (2016-2022): Market Forecast by KVA Ratings, Verticals, Regions and Competitive Landscape” worked out by 6Wresearch offers a comprehensive guide to the Nigerian market for diesel gensets. The study starts with an all-round overview of the global marketplace including details on revenues of this market and its volume.
It proceeds with a bird’s eye view of the Nigerian marketplace. The report shares with a reader an in-depth insight into dynamics of the local space, including details on drivers and restraints.
The research study provides a thorough analysis of all segments of the market. It throws light on major regions. Price trends are covered in the research report, too. The study looks at the import scenario and scrutinizes the competitive environment.
It profiles such companies as YorPower, Denyo, Caterpillar, and more. Future outlook through 2022 is also included in the research report.
More cutting-edge studies by 6Wresearch are available at its page.