| Product Code: ETC8638522 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Nigeria saw significant wind turbine shaft import shipments from key exporters such as China, UK, Austria, India, and the USA. Despite a negative Compound Annual Growth Rate (CAGR) of -18.43% from 2020 to 2024 and a decline in growth rate of -22.94% from 2023 to 2024, the Herfindahl-Hirschman Index (HHI) indicated moderate concentration in the market. This data suggests a dynamic landscape for wind turbine shaft imports in Nigeria, with diverse sources contributing to the market despite recent declines in growth rates.

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 Shaft Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Wind Turbine Shaft Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Wind Turbine Shaft Market - Industry Life Cycle |
3.4 Nigeria Wind Turbine Shaft Market - Porter's Five Forces |
3.5 Nigeria Wind Turbine Shaft Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Wind Turbine Shaft Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Wind Turbine Shaft Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for renewable energy sources in Nigeria |
4.2.2 Government initiatives and incentives to promote wind energy projects |
4.2.3 Growing awareness about environmental sustainability and climate change |
4.3 Market Restraints |
4.3.1 High initial investment costs for wind turbine shaft installations |
4.3.2 Limited availability of suitable wind sites for optimal energy generation |
4.3.3 Lack of skilled manpower and technical expertise in the wind energy sector |
5 Nigeria Wind Turbine Shaft Market Trends |
6 Nigeria Wind Turbine Shaft Market, By Types |
6.1 Nigeria Wind Turbine Shaft Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Wind Turbine Shaft Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Nigeria Wind Turbine Shaft Market Revenues & Volume, By Metal Wind Turbine Shaft, 2021- 2031F |
6.1.4 Nigeria Wind Turbine Shaft Market Revenues & Volume, By Synthetic Composite Wind Turbine Shaft, 2021- 2031F |
6.2 Nigeria Wind Turbine Shaft Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Wind Turbine Shaft Market Revenues & Volume, By Original Equipment Manufacturers (OEMs), 2021- 2031F |
6.2.3 Nigeria Wind Turbine Shaft Market Revenues & Volume, By Aftermarket, 2021- 2031F |
7 Nigeria Wind Turbine Shaft Market Import-Export Trade Statistics |
7.1 Nigeria Wind Turbine Shaft Market Export to Major Countries |
7.2 Nigeria Wind Turbine Shaft Market Imports from Major Countries |
8 Nigeria Wind Turbine Shaft Market Key Performance Indicators |
8.1 Average capacity factor of wind turbines in Nigeria |
8.2 Number of wind energy projects in the pipeline |
8.3 Percentage of energy generated from wind compared to other sources |
8.4 Rate of adoption of advanced wind turbine technologies |
8.5 Average downtime of wind turbine shafts due to maintenance issues |
9 Nigeria Wind Turbine Shaft Market - Opportunity Assessment |
9.1 Nigeria Wind Turbine Shaft Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Wind Turbine Shaft Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Wind Turbine Shaft Market - Competitive Landscape |
10.1 Nigeria Wind Turbine Shaft Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Wind Turbine Shaft Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |