Nigeria Industrial Motors Market (2025-2031) | Outlook, Size & Revenue, Trends, Analysis, Companies, Value, Competitive Landscape, Growth, Forecast, Industry, Share, Segmentation
Market Forecast By Type of Motor (Alternating Current (AC) Motors, Direct Current (DC) Motor, Other Types of Motors), By Voltage (High Voltage, Medium Voltage, Low Voltage), By End User (Oil and Gas, Power Generation, Mining and Metals, Water and Wastewater Management, Chemicals and Petrochemicals, Discrete Manufacturing, Other End Users) And Competitive Landscape
| Product Code: ETC8627031 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Nigeria Industrial Motors Market Top 5 Importing Countries and Market Competition (HHI) Analysis
In 2024, Nigeria continued to rely heavily on imports of industrial motors, with China, USA, India, South Korea, and Finland being the top exporting countries. Despite the high concentration of market share indicated by the high HHI, the industry experienced a significant decline with a negative CAGR of -13.67% from 2020 to 2024. The growth rate plummeted even further in 2024, with a drastic -24.14% decrease compared to the previous year. These trends suggest a challenging market environment for industrial motor imports in Nigeria, necessitating strategic planning and adaptation for industry players.
Key Highlights of the Report:
- Nigeria Industrial Motors Market Outlook
- Market Size of Nigeria Industrial Motors Market, 2024
- Forecast of Nigeria Industrial Motors Market, 2031
- Historical Data and Forecast of Nigeria Industrial Motors Revenues & Volume for the Period 2021- 2031
- Nigeria Industrial Motors Market Trend Evolution
- Nigeria Industrial Motors Market Drivers and Challenges
- Nigeria Industrial Motors Price Trends
- Nigeria Industrial Motors Porter's Five Forces
- Nigeria Industrial Motors Industry Life Cycle
- Historical Data and Forecast of Nigeria Industrial Motors Market Revenues & Volume By Type of Motor for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Industrial Motors Market Revenues & Volume By Alternating Current (AC) Motors for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Industrial Motors Market Revenues & Volume By Direct Current (DC) Motor for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Industrial Motors Market Revenues & Volume By Other Types of Motors for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Industrial Motors Market Revenues & Volume By Voltage for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Industrial Motors Market Revenues & Volume By High Voltage for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Industrial Motors Market Revenues & Volume By Medium Voltage for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Industrial Motors Market Revenues & Volume By Low Voltage for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Industrial Motors Market Revenues & Volume By End User for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Industrial Motors Market Revenues & Volume By Oil and Gas for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Industrial Motors Market Revenues & Volume By Power Generation for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Industrial Motors Market Revenues & Volume By Mining and Metals for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Industrial Motors Market Revenues & Volume By Water and Wastewater Management for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Industrial Motors Market Revenues & Volume By Chemicals and Petrochemicals for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Industrial Motors Market Revenues & Volume By Discrete Manufacturing for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Industrial Motors Market Revenues & Volume By Other End Users for the Period 2021- 2031
- Nigeria Industrial Motors Import Export Trade Statistics
- Market Opportunity Assessment By Type of Motor
- Market Opportunity Assessment By Voltage
- Market Opportunity Assessment By End User
- Nigeria Industrial Motors Top Companies Market Share
- Nigeria Industrial Motors Competitive Benchmarking By Technical and Operational Parameters
- Nigeria Industrial Motors Company Profiles
- Nigeria Industrial Motors Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Nigeria Industrial Motors Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Nigeria Industrial Motors Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Motors Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Industrial Motors Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Industrial Motors Market - Industry Life Cycle |
3.4 Nigeria Industrial Motors Market - Porter's Five Forces |
3.5 Nigeria Industrial Motors Market Revenues & Volume Share, By Type of Motor, 2021 & 2031F |
3.6 Nigeria Industrial Motors Market Revenues & Volume Share, By Voltage, 2021 & 2031F |
3.7 Nigeria Industrial Motors Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Nigeria Industrial Motors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Nigeria Industrial Motors Market Trends |
6 Nigeria Industrial Motors Market, By Types |
6.1 Nigeria Industrial Motors Market, By Type of Motor |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Industrial Motors Market Revenues & Volume, By Type of Motor, 2021- 2031F |
6.1.3 Nigeria Industrial Motors Market Revenues & Volume, By Alternating Current (AC) Motors, 2021- 2031F |
6.1.4 Nigeria Industrial Motors Market Revenues & Volume, By Direct Current (DC) Motor, 2021- 2031F |
6.1.5 Nigeria Industrial Motors Market Revenues & Volume, By Other Types of Motors, 2021- 2031F |
6.2 Nigeria Industrial Motors Market, By Voltage |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Industrial Motors Market Revenues & Volume, By High Voltage, 2021- 2031F |
6.2.3 Nigeria Industrial Motors Market Revenues & Volume, By Medium Voltage, 2021- 2031F |
6.2.4 Nigeria Industrial Motors Market Revenues & Volume, By Low Voltage, 2021- 2031F |
6.3 Nigeria Industrial Motors Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Industrial Motors Market Revenues & Volume, By Oil and Gas, 2021- 2031F |
6.3.3 Nigeria Industrial Motors Market Revenues & Volume, By Power Generation, 2021- 2031F |
6.3.4 Nigeria Industrial Motors Market Revenues & Volume, By Mining and Metals, 2021- 2031F |
6.3.5 Nigeria Industrial Motors Market Revenues & Volume, By Water and Wastewater Management, 2021- 2031F |
6.3.6 Nigeria Industrial Motors Market Revenues & Volume, By Chemicals and Petrochemicals, 2021- 2031F |
6.3.7 Nigeria Industrial Motors Market Revenues & Volume, By Discrete Manufacturing, 2021- 2031F |
7 Nigeria Industrial Motors Market Import-Export Trade Statistics |
7.1 Nigeria Industrial Motors Market Export to Major Countries |
7.2 Nigeria Industrial Motors Market Imports from Major Countries |
8 Nigeria Industrial Motors Market Key Performance Indicators |
9 Nigeria Industrial Motors Market - Opportunity Assessment |
9.1 Nigeria Industrial Motors Market Opportunity Assessment, By Type of Motor, 2021 & 2031F |
9.2 Nigeria Industrial Motors Market Opportunity Assessment, By Voltage, 2021 & 2031F |
9.3 Nigeria Industrial Motors Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Nigeria Industrial Motors Market - Competitive Landscape |
10.1 Nigeria Industrial Motors Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Industrial Motors Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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