| Product Code: ETC8622624 | 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 cryogenic equipment import shipments to Nigeria in 2024 saw a notable presence from top exporting countries including China, South Korea, India, UK, and Belgium. The market exhibited a high concentration level, indicating strong dominance by key players. However, the industry experienced a significant decline with a negative CAGR of -42.98% from 2020 to 2024. The growth rate in 2024 further plummeted by -55.08%, reflecting challenging market conditions. Stakeholders should closely monitor these trends and adapt strategies to navigate the evolving landscape of Nigeria`s cryogenic equipment 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 Cryogenic Equipment Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Cryogenic Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Cryogenic Equipment Market - Industry Life Cycle |
3.4 Nigeria Cryogenic Equipment Market - Porter's Five Forces |
3.5 Nigeria Cryogenic Equipment Market Revenues & Volume Share, By Equipment, 2021 & 2031F |
3.6 Nigeria Cryogenic Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Nigeria Cryogenic Equipment Market Revenues & Volume Share, By Gas Used, 2021 & 2031F |
3.8 Nigeria Cryogenic Equipment Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Nigeria Cryogenic Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for liquefied natural gas (LNG) in Nigeria |
4.2.2 Growth in healthcare sector requiring cryogenic equipment for medical applications |
4.2.3 Rising investments in industrial infrastructure and manufacturing sectors |
4.3 Market Restraints |
4.3.1 High initial investment cost for cryogenic equipment |
4.3.2 Lack of skilled workforce for operating and maintaining cryogenic equipment |
4.3.3 Stringent regulations and safety standards for handling cryogenic materials |
5 Nigeria Cryogenic Equipment Market Trends |
6 Nigeria Cryogenic Equipment Market, By Types |
6.1 Nigeria Cryogenic Equipment Market, By Equipment |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Cryogenic Equipment Market Revenues & Volume, By Equipment, 2021- 2031F |
6.1.3 Nigeria Cryogenic Equipment Market Revenues & Volume, By Tank, 2021- 2031F |
6.1.4 Nigeria Cryogenic Equipment Market Revenues & Volume, By Pumps, 2021- 2031F |
6.1.5 Nigeria Cryogenic Equipment Market Revenues & Volume, By Heat Exchanger, 2021- 2031F |
6.1.6 Nigeria Cryogenic Equipment Market Revenues & Volume, By Valves, 2021- 2031F |
6.1.7 Nigeria Cryogenic Equipment Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Nigeria Cryogenic Equipment Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Cryogenic Equipment Market Revenues & Volume, By Storage, 2021- 2031F |
6.2.3 Nigeria Cryogenic Equipment Market Revenues & Volume, By Transportation and Distribution, 2021- 2031F |
6.2.4 Nigeria Cryogenic Equipment Market Revenues & Volume, By Processing, 2021- 2031F |
6.2.5 Nigeria Cryogenic Equipment Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Nigeria Cryogenic Equipment Market, By Gas Used |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Cryogenic Equipment Market Revenues & Volume, By Liquefied Nitrogen, 2021- 2031F |
6.3.3 Nigeria Cryogenic Equipment Market Revenues & Volume, By Liquefied Helium, 2021- 2031F |
6.3.4 Nigeria Cryogenic Equipment Market Revenues & Volume, By Others, 2021- 2031F |
6.4 Nigeria Cryogenic Equipment Market, By End-user Industry |
6.4.1 Overview and Analysis |
6.4.2 Nigeria Cryogenic Equipment Market Revenues & Volume, By Oil and Gas, 2021- 2031F |
6.4.3 Nigeria Cryogenic Equipment Market Revenues & Volume, By Energy and Power, 2021- 2031F |
6.4.4 Nigeria Cryogenic Equipment Market Revenues & Volume, By Food and Beverage, 2021- 2031F |
6.4.5 Nigeria Cryogenic Equipment Market Revenues & Volume, By Marine and Aerospace, 2021- 2031F |
6.4.6 Nigeria Cryogenic Equipment Market Revenues & Volume, By Chemical and Healthcare, 2021- 2031F |
6.4.7 Nigeria Cryogenic Equipment Market Revenues & Volume, By Others, 2021- 2031F |
7 Nigeria Cryogenic Equipment Market Import-Export Trade Statistics |
7.1 Nigeria Cryogenic Equipment Market Export to Major Countries |
7.2 Nigeria Cryogenic Equipment Market Imports from Major Countries |
8 Nigeria Cryogenic Equipment Market Key Performance Indicators |
8.1 Average capacity utilization rate of cryogenic equipment in Nigeria |
8.2 Number of new installations or expansions of cryogenic facilities in key industries |
8.3 Energy efficiency and operational cost savings achieved through the use of cryogenic equipment |
8.4 Rate of adoption of advanced cryogenic technologies in Nigeria |
8.5 Number of partnerships or collaborations for technology transfer and local manufacturing of cryogenic equipment |
9 Nigeria Cryogenic Equipment Market - Opportunity Assessment |
9.1 Nigeria Cryogenic Equipment Market Opportunity Assessment, By Equipment, 2021 & 2031F |
9.2 Nigeria Cryogenic Equipment Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Nigeria Cryogenic Equipment Market Opportunity Assessment, By Gas Used, 2021 & 2031F |
9.4 Nigeria Cryogenic Equipment Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Nigeria Cryogenic Equipment Market - Competitive Landscape |
10.1 Nigeria Cryogenic Equipment Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Cryogenic Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |