| Product Code: ETC10610205 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The HVAC equipment import shipments to Nigeria in 2024 continued to be dominated by top exporting countries such as China, India, Italy, Malaysia, and South Korea. Despite a high level of market concentration, the industry experienced a significant decline with a negative Compound Annual Growth Rate (CAGR) of -7.91% from 2020 to 2024. The growth rate further decreased by -10.92% from 2023 to 2024, indicating a challenging market environment for HVAC equipment imports in Nigeria. Continued monitoring and strategic adjustments may be necessary for stakeholders in this sector.

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 HVAC Heating, Ventilation, and Air Conditioning Equipment Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market - Industry Life Cycle |
3.4 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market - Porter's Five Forces |
3.5 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume Share, By Equipment Type, 2021 & 2031F |
3.6 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient HVAC systems in Nigeria |
4.2.2 Growth in construction activities and infrastructure development in the country |
4.2.3 Rising urbanization and commercialization leading to higher demand for HVAC systems |
4.3 Market Restraints |
4.3.1 High initial investment required for installing HVAC systems |
4.3.2 Fluctuating raw material prices impacting manufacturing costs |
4.3.3 Lack of skilled professionals and technical expertise in the HVAC industry |
5 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market Trends |
6 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market, By Types |
6.1 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market, By Equipment Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Equipment Type, 2021 - 2031F |
6.1.3 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Heating Units, 2021 - 2031F |
6.1.4 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Ventilation Units, 2021 - 2031F |
6.1.5 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Air Conditioning Units, 2021 - 2031F |
6.1.6 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Air Purification Units, 2021 - 2031F |
6.2 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Geothermal Systems, 2021 - 2031F |
6.2.3 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Solar HVAC Systems, 2021 - 2031F |
6.2.4 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By VRF Systems, 2021 - 2031F |
6.2.5 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Hybrid HVAC Systems, 2021 - 2031F |
6.3 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.3.3 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Residential, 2021 - 2031F |
6.3.4 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Industrial, 2021 - 2031F |
7 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market Import-Export Trade Statistics |
7.1 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market Export to Major Countries |
7.2 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market Imports from Major Countries |
8 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market Key Performance Indicators |
8.1 Energy efficiency ratings of HVAC systems installed |
8.2 Number of new construction projects incorporating HVAC systems |
8.3 Adoption rate of smart HVAC technologies |
8.4 Maintenance and servicing contracts for HVAC systems |
8.5 Number of HVAC training programs and certifications offered |
9 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market - Opportunity Assessment |
9.1 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market Opportunity Assessment, By Equipment Type, 2021 & 2031F |
9.2 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market - Competitive Landscape |
10.1 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenue Share, By Companies, 2024 |
10.2 Nigeria HVAC Heating, Ventilation, and Air Conditioning Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |