| Product Code: ETC8638516 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
In 2024, Nigeria continued to see substantial wind turbine import shipments, with the USA, China, Sweden, Areas, nes, and Germany emerging as top exporting countries. Despite a high Herfindahl-Hirschman Index indicating market concentration, the industry experienced a significant decline with a CAGR of -39.7% from 2020 to 2024. Moreover, the growth rate in 2024 plummeted by -65.53%, reflecting challenges and fluctuations in the market dynamics for wind turbine imports in Nigeria.
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 Wind Turbine Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Wind Turbine Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Wind Turbine Market - Industry Life Cycle |
3.4 Nigeria Wind Turbine Market - Porter's Five Forces |
3.5 Nigeria Wind Turbine Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Wind Turbine Market Revenues & Volume Share, By Installation, 2021 & 2031F |
3.7 Nigeria Wind Turbine Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.8 Nigeria Wind Turbine Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Wind Turbine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government support and incentives for renewable energy projects |
4.2.2 Increasing demand for clean energy sources to reduce carbon emissions |
4.2.3 Growing awareness about the benefits of wind energy in Nigeria |
4.3 Market Restraints |
4.3.1 High initial investment costs for setting up wind turbine projects |
4.3.2 Lack of infrastructure for wind energy transmission and distribution |
4.3.3 Challenges related to intermittency and variability of wind as a power source |
5 Nigeria Wind Turbine Market Trends |
6 Nigeria Wind Turbine Market, By Types |
6.1 Nigeria Wind Turbine Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Wind Turbine Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Nigeria Wind Turbine Market Revenues & Volume, By Horizontal, 2021- 2031F |
6.1.4 Nigeria Wind Turbine Market Revenues & Volume, By Vertical, 2021- 2031F |
6.2 Nigeria Wind Turbine Market, By Installation |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Wind Turbine Market Revenues & Volume, By Onshore, 2021- 2031F |
6.2.3 Nigeria Wind Turbine Market Revenues & Volume, By Offshore, 2021- 2031F |
6.3 Nigeria Wind Turbine Market, By Component |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Wind Turbine Market Revenues & Volume, By Rotator Blade, 2021- 2031F |
6.3.3 Nigeria Wind Turbine Market Revenues & Volume, By Gearbox, 2021- 2031F |
6.3.4 Nigeria Wind Turbine Market Revenues & Volume, By Generator, 2021- 2031F |
6.3.5 Nigeria Wind Turbine Market Revenues & Volume, By Nacelle, 2021- 2031F |
6.3.6 Nigeria Wind Turbine Market Revenues & Volume, By Others, 2021- 2031F |
6.4 Nigeria Wind Turbine Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Nigeria Wind Turbine Market Revenues & Volume, By Industrial, 2021- 2031F |
6.4.3 Nigeria Wind Turbine Market Revenues & Volume, By Commercial, 2021- 2031F |
6.4.4 Nigeria Wind Turbine Market Revenues & Volume, By Residential, 2021- 2031F |
6.4.5 Nigeria Wind Turbine Market Revenues & Volume, By Utility, 2021- 2031F |
7 Nigeria Wind Turbine Market Import-Export Trade Statistics |
7.1 Nigeria Wind Turbine Market Export to Major Countries |
7.2 Nigeria Wind Turbine Market Imports from Major Countries |
8 Nigeria Wind Turbine Market Key Performance Indicators |
8.1 Capacity factor of wind turbines in Nigeria |
8.2 Average wind speed at potential wind farm sites |
8.3 Number of new wind energy projects initiated in Nigeria |
8.4 Percentage of electricity generated from wind energy in the overall energy mix |
8.5 Investment in research and development for wind energy technologies |
9 Nigeria Wind Turbine Market - Opportunity Assessment |
9.1 Nigeria Wind Turbine Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Wind Turbine Market Opportunity Assessment, By Installation, 2021 & 2031F |
9.3 Nigeria Wind Turbine Market Opportunity Assessment, By Component, 2021 & 2031F |
9.4 Nigeria Wind Turbine Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Wind Turbine Market - Competitive Landscape |
10.1 Nigeria Wind Turbine Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Wind Turbine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |