| Product Code: ETC8617829 | 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 |
The Nigeria air furnaces import market in 2024 continued to show high concentration, with top exporting countries being UAE, China, Ghana, India, and Norway. Despite a negative compound annual growth rate (CAGR) from 2020 to 2024, the market experienced a significant growth spurt in 2024 with a growth rate of 49.61% compared to the previous year. This suggests a potential resurgence in demand for air furnaces in Nigeria, driven by imports from a diverse range of countries.

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 Air Furnaces Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Air Furnaces Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Air Furnaces Market - Industry Life Cycle |
3.4 Nigeria Air Furnaces Market - Porter's Five Forces |
3.5 Nigeria Air Furnaces Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Air Furnaces Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Nigeria Air Furnaces Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization and industrialization in Nigeria leading to higher demand for air furnaces. |
4.2.2 Growing investments in infrastructure development and construction projects driving the need for air furnaces. |
4.2.3 Government initiatives promoting energy efficiency and sustainability, encouraging the adoption of modern air furnace technologies. |
4.3 Market Restraints |
4.3.1 High initial investment costs for air furnaces may hinder adoption rates. |
4.3.2 Fluctuations in raw material prices impacting the manufacturing cost of air furnaces. |
4.3.3 Lack of skilled workforce for installation and maintenance of air furnaces leading to operational challenges. |
5 Nigeria Air Furnaces Market Trends |
6 Nigeria Air Furnaces Market, By Types |
6.1 Nigeria Air Furnaces Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Air Furnaces Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Nigeria Air Furnaces Market Revenues & Volume, By Gas, 2021- 2031F |
6.1.4 Nigeria Air Furnaces Market Revenues & Volume, By Oil, 2021- 2031F |
6.1.5 Nigeria Air Furnaces Market Revenues & Volume, By Electric, 2021- 2031F |
6.2 Nigeria Air Furnaces Market, By End-User |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Air Furnaces Market Revenues & Volume, By Residential, 2021- 2031F |
6.2.3 Nigeria Air Furnaces Market Revenues & Volume, By Commercial, 2021- 2031F |
6.2.4 Nigeria Air Furnaces Market Revenues & Volume, By Industrial, 2021- 2031F |
7 Nigeria Air Furnaces Market Import-Export Trade Statistics |
7.1 Nigeria Air Furnaces Market Export to Major Countries |
7.2 Nigeria Air Furnaces Market Imports from Major Countries |
8 Nigeria Air Furnaces Market Key Performance Indicators |
8.1 Energy efficiency ratings of air furnaces. |
8.2 Number of infrastructure projects utilizing air furnaces. |
8.3 Adoption rate of modern air furnace technologies in Nigeria. |
8.4 Percentage of households or industries using air furnaces for heating. |
8.5 Average lifespan of air furnaces in operation. |
9 Nigeria Air Furnaces Market - Opportunity Assessment |
9.1 Nigeria Air Furnaces Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Air Furnaces Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Nigeria Air Furnaces Market - Competitive Landscape |
10.1 Nigeria Air Furnaces Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Air Furnaces Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |