| Product Code: ETC8636947 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Nigeria thermal power plant import market in 2024 saw significant contributions from top exporting countries including Germany, India, UAE, China, and Belgium. Despite a high Herfindahl-Hirschman Index indicating market concentration, the industry experienced a steep decline with a CAGR of -20.3% from 2020 to 2024. The growth rate further plummeted in 2024 with a -42.58% decrease compared to the previous year. These trends suggest a challenging landscape for thermal power plant imports in Nigeria, potentially signaling shifts in market dynamics and demand patterns.

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 Thermal Power Plant Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Thermal Power Plant Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Thermal Power Plant Market - Industry Life Cycle |
3.4 Nigeria Thermal Power Plant Market - Porter's Five Forces |
3.5 Nigeria Thermal Power Plant Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Thermal Power Plant Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Thermal Power Plant Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electricity in Nigeria due to population growth and urbanization |
4.2.2 Government initiatives to improve power supply and infrastructure in Nigeria |
4.2.3 Rising investments in renewable energy sources to diversify the energy mix in Nigeria |
4.3 Market Restraints |
4.3.1 Inadequate gas supply and infrastructure for thermal power plants in Nigeria |
4.3.2 Political instability and regulatory uncertainties affecting investment decisions in the sector |
4.3.3 High capital costs and financing challenges for the development of thermal power plants in Nigeria |
5 Nigeria Thermal Power Plant Market Trends |
6 Nigeria Thermal Power Plant Market, By Types |
6.1 Nigeria Thermal Power Plant Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Thermal Power Plant Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Nigeria Thermal Power Plant Market Revenues & Volume, By Biomass Or Co-Fired Power Station, 2021- 2031F |
6.1.4 Nigeria Thermal Power Plant Market Revenues & Volume, By Combined Cycle Power Plant, 2021- 2031F |
6.1.5 Nigeria Thermal Power Plant Market Revenues & Volume, By Combined Heat and Power, 2021- 2031F |
6.1.6 Nigeria Thermal Power Plant Market Revenues & Volume, By Fossil-Fuel Power Plant, 2021- 2031F |
6.2 Nigeria Thermal Power Plant Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Thermal Power Plant Market Revenues & Volume, By Thermal Power Generation, 2021- 2031F |
6.2.3 Nigeria Thermal Power Plant Market Revenues & Volume, By Other, 2021- 2031F |
7 Nigeria Thermal Power Plant Market Import-Export Trade Statistics |
7.1 Nigeria Thermal Power Plant Market Export to Major Countries |
7.2 Nigeria Thermal Power Plant Market Imports from Major Countries |
8 Nigeria Thermal Power Plant Market Key Performance Indicators |
8.1 Average capacity utilization rate of existing thermal power plants in Nigeria |
8.2 Percentage of electricity generated from thermal sources in Nigeria's total energy mix |
8.3 Investment inflow in the thermal power sector in Nigeria |
8.4 Percentage of households with access to reliable electricity supply from thermal power plants |
9 Nigeria Thermal Power Plant Market - Opportunity Assessment |
9.1 Nigeria Thermal Power Plant Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Thermal Power Plant Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Thermal Power Plant Market - Competitive Landscape |
10.1 Nigeria Thermal Power Plant Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Thermal Power Plant Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |