| Product Code: ETC12814173 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Nigeria continued to rely heavily on imports of industrial heating equipment, with top exporters being India, China, Belgium, Switzerland, and the USA. Despite the high concentration of market share among these countries, the industry experienced a negative compound annual growth rate (CAGR) of -1.78% from 2020 to 2024. Furthermore, the growth rate declined even further in 2024, with a rate of -3.79%, indicating a challenging environment for the industrial heating equipment import market 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 Industrial Heating Equipment Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Industrial Heating Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Industrial Heating Equipment Market - Industry Life Cycle |
3.4 Nigeria Industrial Heating Equipment Market - Porter's Five Forces |
3.5 Nigeria Industrial Heating Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Industrial Heating Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Nigeria Industrial Heating Equipment Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Nigeria Industrial Heating Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrialization and manufacturing activities in Nigeria |
4.2.2 Government initiatives promoting the use of energy-efficient heating equipment |
4.2.3 Growth in sectors such as oil gas, food processing, and chemicals driving demand for industrial heating equipment |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with industrial heating equipment |
4.3.2 Fluctuating raw material prices affecting the overall cost of production |
4.3.3 Lack of technical expertise for the installation and maintenance of advanced heating equipment |
5 Nigeria Industrial Heating Equipment Market Trends |
6 Nigeria Industrial Heating Equipment Market, By Types |
6.1 Nigeria Industrial Heating Equipment Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Industrial Heating Equipment Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Nigeria Industrial Heating Equipment Market Revenues & Volume, By Boilers, 2021 - 2031F |
6.1.4 Nigeria Industrial Heating Equipment Market Revenues & Volume, By Furnaces, 2021 - 2031F |
6.1.5 Nigeria Industrial Heating Equipment Market Revenues & Volume, By Heat Pumps, 2021 - 2031F |
6.2 Nigeria Industrial Heating Equipment Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Industrial Heating Equipment Market Revenues & Volume, By HVAC, 2021 - 2031F |
6.2.3 Nigeria Industrial Heating Equipment Market Revenues & Volume, By Food Processing, 2021 - 2031F |
6.2.4 Nigeria Industrial Heating Equipment Market Revenues & Volume, By Chemical, 2021 - 2031F |
6.3 Nigeria Industrial Heating Equipment Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Industrial Heating Equipment Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.3.3 Nigeria Industrial Heating Equipment Market Revenues & Volume, By Commercial, 2021 - 2031F |
7 Nigeria Industrial Heating Equipment Market Import-Export Trade Statistics |
7.1 Nigeria Industrial Heating Equipment Market Export to Major Countries |
7.2 Nigeria Industrial Heating Equipment Market Imports from Major Countries |
8 Nigeria Industrial Heating Equipment Market Key Performance Indicators |
8.1 Energy efficiency improvements achieved through the use of industrial heating equipment |
8.2 Adoption rate of renewable energy sources in industrial heating processes |
8.3 Number of new technological innovations and product developments in the industrial heating equipment market |
9 Nigeria Industrial Heating Equipment Market - Opportunity Assessment |
9.1 Nigeria Industrial Heating Equipment Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Industrial Heating Equipment Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Nigeria Industrial Heating Equipment Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Nigeria Industrial Heating Equipment Market - Competitive Landscape |
10.1 Nigeria Industrial Heating Equipment Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Industrial Heating Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |