| Product Code: ETC8621748 | 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 import shipments of cold climate air source heat pumps to Nigeria in 2024 continued to be dominated by top exporters such as China, India, Malaysia, UK, and South Korea. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced a negative compound annual growth rate (CAGR) of -8.87% from 2020 to 2024. However, there was a slight improvement in the growth rate from 2023 to 2024, showing a positive trend in the market. This data suggests ongoing opportunities and challenges for stakeholders in the Nigeria air source heat pump market.

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 Cold Climate Air Source Heat Pump Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Cold Climate Air Source Heat Pump Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Cold Climate Air Source Heat Pump Market - Industry Life Cycle |
3.4 Nigeria Cold Climate Air Source Heat Pump Market - Porter's Five Forces |
3.5 Nigeria Cold Climate Air Source Heat Pump Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Nigeria Cold Climate Air Source Heat Pump Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Nigeria Cold Climate Air Source Heat Pump Market Revenues & Volume Share, By Operation Type, 2021 & 2031F |
4 Nigeria Cold Climate Air Source Heat Pump Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing awareness and adoption of energy-efficient heating solutions in Nigeria |
4.2.2 Government initiatives and policies promoting the use of renewable energy sources |
4.2.3 Increasing demand for air conditioning and heating systems in commercial and residential buildings |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with cold climate air source heat pumps |
4.3.2 Limited availability of skilled professionals for installation and maintenance of these systems |
4.3.3 Lack of infrastructure supporting the widespread adoption of cold climate air source heat pumps |
5 Nigeria Cold Climate Air Source Heat Pump Market Trends |
6 Nigeria Cold Climate Air Source Heat Pump Market, By Types |
6.1 Nigeria Cold Climate Air Source Heat Pump Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Cold Climate Air Source Heat Pump Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Nigeria Cold Climate Air Source Heat Pump Market Revenues & Volume, By Split Systems, 2021- 2031F |
6.1.4 Nigeria Cold Climate Air Source Heat Pump Market Revenues & Volume, By Single Package Equipment, 2021- 2031F |
6.2 Nigeria Cold Climate Air Source Heat Pump Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Cold Climate Air Source Heat Pump Market Revenues & Volume, By Residential, 2021- 2031F |
6.2.3 Nigeria Cold Climate Air Source Heat Pump Market Revenues & Volume, By Commercial, 2021- 2031F |
6.3 Nigeria Cold Climate Air Source Heat Pump Market, By Operation Type |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Cold Climate Air Source Heat Pump Market Revenues & Volume, By Electric, 2021- 2031F |
6.3.3 Nigeria Cold Climate Air Source Heat Pump Market Revenues & Volume, By Hybrid, 2021- 2031F |
7 Nigeria Cold Climate Air Source Heat Pump Market Import-Export Trade Statistics |
7.1 Nigeria Cold Climate Air Source Heat Pump Market Export to Major Countries |
7.2 Nigeria Cold Climate Air Source Heat Pump Market Imports from Major Countries |
8 Nigeria Cold Climate Air Source Heat Pump Market Key Performance Indicators |
8.1 Energy efficiency ratings of cold climate air source heat pumps |
8.2 Number of government incentives and subsidies for renewable energy technologies |
8.3 Growth in the number of certified professionals for cold climate air source heat pump installation and maintenance |
9 Nigeria Cold Climate Air Source Heat Pump Market - Opportunity Assessment |
9.1 Nigeria Cold Climate Air Source Heat Pump Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Nigeria Cold Climate Air Source Heat Pump Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Nigeria Cold Climate Air Source Heat Pump Market Opportunity Assessment, By Operation Type, 2021 & 2031F |
10 Nigeria Cold Climate Air Source Heat Pump Market - Competitive Landscape |
10.1 Nigeria Cold Climate Air Source Heat Pump Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Cold Climate Air Source Heat Pump Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |