| Product Code: ETC8619703 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Nigeria continued to rely on imports of battery pack modules, with China, South Africa, Cyprus, Metropolitan France, and India being the top exporting countries. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the sector experienced a negative compound annual growth rate (CAGR) of -6.62% from 2020 to 2024. The growth rate in 2024 further declined by -25.56%, reflecting challenges and potential shifts in the market dynamics for battery pack module 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 Battery Pack Modules Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Battery Pack Modules Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Battery Pack Modules Market - Industry Life Cycle |
3.4 Nigeria Battery Pack Modules Market - Porter's Five Forces |
3.5 Nigeria Battery Pack Modules Market Revenues & Volume Share, By Battery Type, 2021 & 2031F |
3.6 Nigeria Battery Pack Modules Market Revenues & Volume Share, By Rechargeability, 2021 & 2031F |
3.7 Nigeria Battery Pack Modules Market Revenues & Volume Share, By Cell Type, 2021 & 2031F |
3.8 Nigeria Battery Pack Modules Market Revenues & Volume Share, By Battery Capacity, 2021 & 2031F |
3.9 Nigeria Battery Pack Modules Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Nigeria Battery Pack Modules Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of electric vehicles in Nigeria |
4.2.2 Growth in renewable energy projects and off-grid solutions |
4.2.3 Government initiatives promoting energy storage solutions |
4.3 Market Restraints |
4.3.1 High initial investment costs for battery pack modules |
4.3.2 Lack of established recycling infrastructure for battery components |
4.3.3 Limited availability of skilled workforce for battery pack assembly and maintenance |
5 Nigeria Battery Pack Modules Market Trends |
6 Nigeria Battery Pack Modules Market, By Types |
6.1 Nigeria Battery Pack Modules Market, By Battery Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Battery Pack Modules Market Revenues & Volume, By Battery Type, 2021- 2031F |
6.1.3 Nigeria Battery Pack Modules Market Revenues & Volume, By Alkaline Battery, 2021- 2031F |
6.1.4 Nigeria Battery Pack Modules Market Revenues & Volume, By Lithium Ceramic Battery, 2021- 2031F |
6.1.5 Nigeria Battery Pack Modules Market Revenues & Volume, By Nickel Metal Hydride Battery, 2021- 2031F |
6.1.6 Nigeria Battery Pack Modules Market Revenues & Volume, By Lithium-ion Battery, 2021- 2031F |
6.1.7 Nigeria Battery Pack Modules Market Revenues & Volume, By Nickel Cadmium Battery, 2021- 2031F |
6.1.8 Nigeria Battery Pack Modules Market Revenues & Volume, By Lead Acid Battery, 2021- 2031F |
6.2 Nigeria Battery Pack Modules Market, By Rechargeability |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Battery Pack Modules Market Revenues & Volume, By Primary, 2021- 2031F |
6.2.3 Nigeria Battery Pack Modules Market Revenues & Volume, By Secondary, 2021- 2031F |
6.3 Nigeria Battery Pack Modules Market, By Cell Type |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Battery Pack Modules Market Revenues & Volume, By Cylindrical, 2021- 2031F |
6.3.3 Nigeria Battery Pack Modules Market Revenues & Volume, By Prismatic, 2021- 2031F |
6.3.4 Nigeria Battery Pack Modules Market Revenues & Volume, By Pouch, 2021- 2031F |
6.4 Nigeria Battery Pack Modules Market, By Battery Capacity |
6.4.1 Overview and Analysis |
6.4.2 Nigeria Battery Pack Modules Market Revenues & Volume, By >20 kWh, 2021- 2031F |
6.4.3 Nigeria Battery Pack Modules Market Revenues & Volume, By 30-60 kWh, 2021- 2031F |
6.4.4 Nigeria Battery Pack Modules Market Revenues & Volume, By 60-80 kWh, 2021- 2031F |
6.4.5 Nigeria Battery Pack Modules Market Revenues & Volume, By More than 80 kWh, 2021- 2031F |
6.5 Nigeria Battery Pack Modules Market, By End-use |
6.5.1 Overview and Analysis |
6.5.2 Nigeria Battery Pack Modules Market Revenues & Volume, By Battery Electric Vehicle (BEV), 2021- 2031F |
6.5.3 Nigeria Battery Pack Modules Market Revenues & Volume, By Plug-in Hybrid Electric Vehicle (PHEV), 2021- 2031F |
6.5.4 Nigeria Battery Pack Modules Market Revenues & Volume, By Hybrid Electric Vehicle (HEV), 2021- 2031F |
6.5.5 Nigeria Battery Pack Modules Market Revenues & Volume, By Others, 2021- 2031F |
7 Nigeria Battery Pack Modules Market Import-Export Trade Statistics |
7.1 Nigeria Battery Pack Modules Market Export to Major Countries |
7.2 Nigeria Battery Pack Modules Market Imports from Major Countries |
8 Nigeria Battery Pack Modules Market Key Performance Indicators |
8.1 Number of new electric vehicle registrations in Nigeria |
8.2 Capacity of renewable energy projects utilizing battery pack modules |
8.3 Percentage increase in government subsidies or incentives for energy storage solutions |
8.4 Average time taken for battery pack module installation and maintenance |
8.5 Number of partnerships or collaborations between local companies for battery pack module manufacturing or recycling efforts |
9 Nigeria Battery Pack Modules Market - Opportunity Assessment |
9.1 Nigeria Battery Pack Modules Market Opportunity Assessment, By Battery Type, 2021 & 2031F |
9.2 Nigeria Battery Pack Modules Market Opportunity Assessment, By Rechargeability, 2021 & 2031F |
9.3 Nigeria Battery Pack Modules Market Opportunity Assessment, By Cell Type, 2021 & 2031F |
9.4 Nigeria Battery Pack Modules Market Opportunity Assessment, By Battery Capacity, 2021 & 2031F |
9.5 Nigeria Battery Pack Modules Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Nigeria Battery Pack Modules Market - Competitive Landscape |
10.1 Nigeria Battery Pack Modules Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Battery Pack Modules Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |