| Product Code: ETC8623864 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The electric engine import shipments to Nigeria in 2024 saw top exporting countries such as Germany, China, USA, India, and Poland dominating the market. The market concentration, as measured by the HHI, remained high and even increased from the previous year. However, the industry experienced a negative Compound Annual Growth Rate (CAGR) of -4.49% from 2020 to 2024, with a significant decline in growth rate of -61.7% from 2023 to 2024. This indicates a challenging environment for electric engine imports in Nigeria, highlighting the need for strategic market interventions and innovations.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Electric Engine Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Electric Engine Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Electric Engine Market - Industry Life Cycle |
3.4 Nigeria Electric Engine Market - Porter's Five Forces |
3.5 Nigeria Electric Engine Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Electric Engine Market Revenues & Volume Share, By Output Power, 2021 & 2031F |
3.7 Nigeria Electric Engine Market Revenues & Volume Share, By Voltage Range, 2021 & 2031F |
3.8 Nigeria Electric Engine Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Nigeria Electric Engine Market Revenues & Volume Share, By Speed, 2021 & 2031F |
4 Nigeria Electric Engine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government initiatives promoting the adoption of electric vehicles and engines. |
4.2.2 Increasing awareness about the environmental benefits of electric engines. |
4.2.3 Rising energy costs leading to a shift towards more energy-efficient solutions. |
4.3 Market Restraints |
4.3.1 Lack of adequate infrastructure for electric vehicles and engines. |
4.3.2 High initial investment costs associated with electric engines. |
4.3.3 Limited availability of charging stations. |
5 Nigeria Electric Engine Market Trends |
6 Nigeria Electric Engine Market, By Types |
6.1 Nigeria Electric Engine Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Electric Engine Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Nigeria Electric Engine Market Revenues & Volume, By Alternate Current (AC) Motor, 2021- 2031F |
6.1.4 Nigeria Electric Engine Market Revenues & Volume, By Direct Current (DC) Motor, 2021- 2031F |
6.1.5 Nigeria Electric Engine Market Revenues & Volume, By Hermetic Motor, 2021- 2031F |
6.2 Nigeria Electric Engine Market, By Output Power |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Electric Engine Market Revenues & Volume, By Integral Horsepower Output, 2021- 2031F |
6.2.3 Nigeria Electric Engine Market Revenues & Volume, By Fractional Horsepower Output, 2021- 2031F |
6.3 Nigeria Electric Engine Market, By Voltage Range |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Electric Engine Market Revenues & Volume, By 9V and Below, 2021- 2031F |
6.3.3 Nigeria Electric Engine Market Revenues & Volume, By 10-20V, 2021- 2031F |
6.3.4 Nigeria Electric Engine Market Revenues & Volume, By 21-60V and 60V, 2021- 2031F |
6.4 Nigeria Electric Engine Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Nigeria Electric Engine Market Revenues & Volume, By Industrial Machinery, 2021- 2031F |
6.4.3 Nigeria Electric Engine Market Revenues & Volume, By Motor Vehicles, 2021- 2031F |
6.4.4 Nigeria Electric Engine Market Revenues & Volume, By Heating, 2021- 2031F |
6.4.5 Nigeria Electric Engine Market Revenues & Volume, By Ventilating and Cooling (HVAC) Equipment, 2021- 2031F |
6.4.6 Nigeria Electric Engine Market Revenues & Volume, By Aerospace and Transportation, 2021- 2031F |
6.4.7 Nigeria Electric Engine Market Revenues & Volume, By Household Appliances, 2021- 2031F |
6.5 Nigeria Electric Engine Market, By Speed |
6.5.1 Overview and Analysis |
6.5.2 Nigeria Electric Engine Market Revenues & Volume, By Low-Speed Electric Motors, 2021- 2031F |
6.5.3 Nigeria Electric Engine Market Revenues & Volume, By Medium-Speed Electric Motors, 2021- 2031F |
6.5.4 Nigeria Electric Engine Market Revenues & Volume, By High-Speed Electric Motors, 2021- 2031F |
6.5.5 Nigeria Electric Engine Market Revenues & Volume, By Ultrahigh-Speed Electric Motors, 2021- 2031F |
7 Nigeria Electric Engine Market Import-Export Trade Statistics |
7.1 Nigeria Electric Engine Market Export to Major Countries |
7.2 Nigeria Electric Engine Market Imports from Major Countries |
8 Nigeria Electric Engine Market Key Performance Indicators |
8.1 Percentage increase in the number of electric vehicles on Nigerian roads. |
8.2 Growth in the number of charging stations across the country. |
8.3 Adoption rate of electric engines in key sectors such as transportation and manufacturing. |
8.4 Increase in research and development investments in electric engine technology. |
8.5 Reduction in carbon emissions attributed to the use of electric engines. |
9 Nigeria Electric Engine Market - Opportunity Assessment |
9.1 Nigeria Electric Engine Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Electric Engine Market Opportunity Assessment, By Output Power, 2021 & 2031F |
9.3 Nigeria Electric Engine Market Opportunity Assessment, By Voltage Range, 2021 & 2031F |
9.4 Nigeria Electric Engine Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Nigeria Electric Engine Market Opportunity Assessment, By Speed, 2021 & 2031F |
10 Nigeria Electric Engine Market - Competitive Landscape |
10.1 Nigeria Electric Engine Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Electric Engine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |