| Product Code: ETC8636112 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The steel pressure water tank import shipments to Nigeria in 2024 saw significant diversification with top exporting countries being China, South Korea, Italy, Belgium, and the USA. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), shifted from very high in 2023 to a more moderate level in 2024, indicating a healthier competitive landscape. The impressive compound annual growth rate (CAGR) of 21.59% from 2020 to 2024 highlights the growing demand for these products in Nigeria. Moreover, the notable growth rate of 48.45% from 2023 to 2024 suggests a rapid expansion of the market in the most recent year.

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 Steel Pressure Water Tank Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Steel Pressure Water Tank Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Steel Pressure Water Tank Market - Industry Life Cycle |
3.4 Nigeria Steel Pressure Water Tank Market - Porter's Five Forces |
3.5 Nigeria Steel Pressure Water Tank Market Revenues & Volume Share, By Tank Type, 2021 & 2031F |
3.6 Nigeria Steel Pressure Water Tank Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Nigeria Steel Pressure Water Tank Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Nigeria Steel Pressure Water Tank Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization and industrialization in Nigeria leading to a higher demand for water storage solutions. |
4.2.2 Growing awareness about the importance of water conservation and storage. |
4.2.3 Government initiatives promoting the use of steel pressure water tanks for sustainable water management. |
4.3 Market Restraints |
4.3.1 High initial investment required for purchasing and installing steel pressure water tanks. |
4.3.2 Lack of awareness or education about the benefits of steel pressure water tanks among consumers. |
4.3.3 Competition from alternative water storage solutions such as plastic tanks or concrete tanks. |
5 Nigeria Steel Pressure Water Tank Market Trends |
6 Nigeria Steel Pressure Water Tank Market, By Types |
6.1 Nigeria Steel Pressure Water Tank Market, By Tank Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Steel Pressure Water Tank Market Revenues & Volume, By Tank Type, 2021- 2031F |
6.1.3 Nigeria Steel Pressure Water Tank Market Revenues & Volume, By Diaphragm, 2021- 2031F |
6.1.4 Nigeria Steel Pressure Water Tank Market Revenues & Volume, By Bladder Pressure, 2021- 2031F |
6.1.5 Nigeria Steel Pressure Water Tank Market Revenues & Volume, By Air-Over-Water, 2021- 2031F |
6.2 Nigeria Steel Pressure Water Tank Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Steel Pressure Water Tank Market Revenues & Volume, By Horizontal, 2021- 2031F |
6.2.3 Nigeria Steel Pressure Water Tank Market Revenues & Volume, By Vertical, 2021- 2031F |
6.3 Nigeria Steel Pressure Water Tank Market, By Technology |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Steel Pressure Water Tank Market Revenues & Volume, By Commercial, 2021- 2031F |
6.3.3 Nigeria Steel Pressure Water Tank Market Revenues & Volume, By Residential, 2021- 2031F |
6.3.4 Nigeria Steel Pressure Water Tank Market Revenues & Volume, By Industrial, 2021- 2031F |
6.3.5 Nigeria Steel Pressure Water Tank Market Revenues & Volume, By Infrastructure, 2021- 2031F |
7 Nigeria Steel Pressure Water Tank Market Import-Export Trade Statistics |
7.1 Nigeria Steel Pressure Water Tank Market Export to Major Countries |
7.2 Nigeria Steel Pressure Water Tank Market Imports from Major Countries |
8 Nigeria Steel Pressure Water Tank Market Key Performance Indicators |
8.1 Average annual growth rate of the construction sector in Nigeria. |
8.2 Percentage increase in government spending on water infrastructure projects. |
8.3 Number of households or industries adopting steel pressure water tanks as their primary water storage solution. |
8.4 Average lifespan of steel pressure water tanks in Nigeria. |
8.5 Percentage of water saved or conserved by using steel pressure water tanks compared to traditional water storage methods. |
9 Nigeria Steel Pressure Water Tank Market - Opportunity Assessment |
9.1 Nigeria Steel Pressure Water Tank Market Opportunity Assessment, By Tank Type, 2021 & 2031F |
9.2 Nigeria Steel Pressure Water Tank Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Nigeria Steel Pressure Water Tank Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 Nigeria Steel Pressure Water Tank Market - Competitive Landscape |
10.1 Nigeria Steel Pressure Water Tank Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Steel Pressure Water Tank Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |