Market Forecast By Voltage (Low Voltage (By Type (MCB, MCCB, ACB & Others), By Application (Residential, Commercial, Industrial, Power Utilities & Others)), Medium Voltage (By Application (Residential, Commercial, Industrial, Power Utilities & Others), By Insulation Type (Air Insulated Switchgear & Other Insulated Switchgear)), High Voltage Switchgear (By Application (Residential, Commercial, Industrial, Power Utilities & Others)), By Insulation Type (Air Insulated Switchgear, Other Insulated Switchgear)), By Applications (Residential, Commercial, Industrial, Power Utilities & Others) And Competitive Landscape.
Product Code: ETC001689 | Publication Date: May 2022 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Nigeria Switchgear Market is projected to grow over the coming year. Nigeria Switchgear Market report is a part of our periodical regional publication Africa Switchgear Market outlook report. 6W tracks Switchgear market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titled Global Switchgear Market outlook report annually.
Nigeria Switchgear Market report comprehensively covers the market by Voltage, Types, application and Insulation. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Nigeria Switchgear Market Synopsis
Nigeria Switchgear Market is anticipated to project moderate growth during the forthcoming years on account of surging disposable income. The growing demand for efficient transmission and distribution sector is driving the Nigeria Switchgear Market Growth. Additionally, the rising inclination towards the development of renewable energy is also one of the key factors driving the development of the market. Switchgears are widely used to protect, monitor and control the electric equipment which is further adding to the Nigeria Switchgear Market Share.
According to 6Wresearch, Nigeria Switchgear Market size is projected to register growth during 2022-2028. The growing usage of switchgears in various sector such as residential, commercial and industrial beholds the development of the market. The development of new infrastructure including power plants for reliable power operation is contributing to the Nigeria Switchgear Market Revenue. However, the outburst of coronavirus pandemic hampered the development of the market owing to disruption in supply chain. The global health emergency severely impacted the supply chain of switchgears. The economic slow-down owing to the partial or complete lockdown by the government declined the development of the market.
Market Analysis by Insulation
On the basis of insulation, the air insulated segment among medium voltage switchgear is expected to register significant growth during the forthcoming years.
Key Attractiveness of the Report
Key Highlights of Switchgear Report
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
6Wresearch tracks and manages databases of global switchgear market. 6wresearch have been supporting various stakeholders in desigining their entry and growth strategies with the help of robust research and forecasting tools. We have been identifying and tracking various KPIs across major geographies enabling growth projections. With in-house research and data analytics capabilties, 6wresearch delivers actionable insights for companies to make Go/No-Go decisions.
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2 Key Highlights of the Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Nigeria Switchgear Market Overview |
3.1 Nigeria Switchgear Market Revenues (2018-2028F) |
3.2 Nigeria Switchgear Market - Industry Life Cycle, 2021 |
3.3 Nigeria Switchgear Market - Porter’s Five Forces |
3.4 Impact Analysis of Covid-19 on Nigeria Switchgear Market |
4. Nigeria Switchgear Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Nigeria Switchgear Market Trends |
6. Nigeria Low Voltage Switchgear Market Overview |
6.1 Nigeria Low Voltage Switchgear and Panels Market Revenues (2018-2028F) |
6.2 Nigeria Low Voltage Switchgear Market Overview, By Types |
6.2.1 Nigeria Low Voltage Switchgear Market Revenue Share, By Types (2021 & 2028F) |
6.2.2 Nigeria Low Voltage Switchgear Market Revenues, By Types (2018-2028F) |
6.3 Nigeria Low Voltage Switchgear Market Overview, By Applications |
6.3.1 Nigeria Low Voltage Switchgear Market Revenue Share, By Applications (2021 & 2028F) |
6.3.2 Nigeria Low Voltage Switchgear Market Revenues, By Applications (2018-2028F) |
7. Nigeria Medium Voltage Switchgear Market Overview |
7.1 Nigeria Medium Voltage Switchgear Market Revenues (2018-2028F) |
7.2 Nigeria Medium Voltage Switchgear Market Overview, By Insulation Types |
7.2.1 Nigeria Medium Voltage Switchgear Market Revenue Share, By Insulation Types (2021 & 2028F) |
7.2.2 Nigeria Medium Voltage Switchgear Market Revenues, By Insulation Types (2018-2028F) |
7.3 Nigeria Medium Voltage Switchgear Market Overview, By Applications |
7.3.1 Nigeria Medium Voltage Switchgear Market Revenue Share, By Applications (2021 & 2028F) |
7.3.2 Nigeria Medium Voltage Switchgear Market Revenues, By Applications (2018-2028F) |
8. Nigeria High Voltage Switchgear Market Overview |
8.1 Nigeria High Voltage Switchgear Market Revenues (2018-2028F) |
8.2 Nigeria High Voltage Switchgear Market Overview, By Insulation Types |
8.2.1 Nigeria High Voltage Switchgear Market Revenue Share, By Insulation (2021 & 2028F) |
8.2.2 Nigeria High Voltage Switchgear Market Revenues, By Insulation (2018-2028F) |
8.3 Nigeria High Voltage Switchgear Market Overview, By Application Types |
8.3.1 Nigeria High Voltage Switchgear Market Revenue Share, By Application Types (2021 & 2028F) |
8.3.2 Nigeria High Voltage Switchgear Market Revenues, By Application Types (2018-2028F) |
9. Nigeria Switchgear Market Overview, By Applications |
9.1 Nigeria Switchgear Market Revenues, By Residential Application (2018-2028F) |
9.2 Nigeria Switchgear Market Revenues, By Commercial Application (2018-2028F) |
9.3 Nigeria Switchgear Market Revenues, By Industrial Application (2018-2028F) |
9.4 Nigeria Switchgear Market Revenues, By Power Utilities Application (2018-2028F) |
9.5 Nigeria Switchgear Market Revenues, By Other Application (2018-2028F) |
10. Nigeria Switchgear Market Key Performance Indicators |
11. Nigeria Switchgear Market Opportunity Assessment |
11.1 Nigeria Switchgear Market Opportunity Assessment, By Voltage (2028F) |
11.2 Nigeria Switchgear Market Opportunity Assessment, By Applications (2028F) |
12. Nigeria Switchgear Market Competitive Landscape |
12.1 Nigeria Switchgear Market Revenue Share, By Voltage, By Company (2021) |
12.2 Nigeria Switchgear Market Competitive Benchmarking, By Technical Parameters |
12.3 Nigeria Switchgear Market Competitive Benchmarking, By Operational Parameters |
13. Company Profiles |
14. Key Strategic Recommendations |
15. Disclaimer |
Market Forecast By Voltage (Low Voltage Switchgear, Medium Voltage Switchgear, High Voltage Switchgear), By Insulation (Medium Voltage Switchgear (Air Insulated, Gas Insulated), High Voltage Switchgear (Air Insulated, Gas Insulated), By Types (Low Voltage, Medium Voltage), By Applications (Residential, Commercial, Industrial, Power Utilities) And Competitive Landscape
Product Code: ETC001689 | Publication Date: Mar 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Nigeria switchgear market has registered slow growth in the past three years owing to the economic slowdown in the country due to drop in crude oil prices, foreign exchange shortages in the country and lack of robust power infrastructure in the country along with the existing power plants are operating at only one-third of their potential capacity.
According to 6Wresearch, Nigeria Switchgear Market size is anticipated to register growth during 2020-26. With an increase in investment in the non-oil & gas sectors, especially in commercial and industrial sectors would result in vigorous growth in the switchgear market over the forthcoming years. In 2019, the government has allocated more than 20 percent of its Federal Government Budget for power and electricity projects accounting for $6.13 billion which would lead to a surge in demand for switchgear market during the forecast period.
Based on insulation, the Nigeria Switchgear market is dominated by gas-insulated switchgear on account of technological and economic advantages associated with it over air-insulated switchgear. Based on voltage, Low voltage switchgear acquired the maximum revenue share in the overall switchgear market of the region on account of the widespread deployment of low voltage switchgear across the commercial and industrial domains.
The Nigeria Switchgear market report thoroughly covers the market by types, voltage, insulation, applications, and regions. The Nigeria Switchgear market outlook report provides an unbiased and detailed analysis of the on-going Nigeria Switchgear market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
Markets Covered
The Nigeria Switchgear Market report provides a detailed analysis of the following market segments: