Nigeria Transformer Market (2020-2026) | Industry, Trends, Share, COVID-19 IMPACT, Outlook, Size, Revenue, Value, Forecast, Companies, Growth & Analysis

Topics Covered in Nigeria Transformer Market Report

Nigeria Transformer Market report thoroughly covers the market by Core, Product, Winding, application, Cooling, Rating and Phase. 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 Transformer Market Synopsis

Nigeria Transformer Market is expected to project growth during the upcoming years owing to the increasing disposable income. The rising need for power generation owing to surging population drives the Nigeria Transformer Market Growth. Additionally, growing industrialization backed by the need to replace the existing power grid technology is further driving the development of Nigeria Transformer Market Share.

According to 6Wresearch, Nigeria Transformer Market size is projected to register a growth rate of 7.4% during 2020-2026. Increasing regulatory focus towards the application of renewable energy is driving the development of the market. Moreover, increasing government norms towards the refurbishment of existing infrastructure backed by the growing adoption of electric vehicles adds to the Nigeria Transformer Market Revenue. The outburst of COVID-19 has disrupted almost every industry owing to the nationwide restrictions in the country. The Growth of the Transformer market in Nigeria suffered a major setback owing to the delay in new projects. The construction activity along with ongoing project were paused further hindering the growth of the Transformer Market.

One of the challenges is the lack of adequate infrastructure to support the power transmission system. The slow network infrastructure development hampered by the lack of electric power supply and insufficient investment in power transmission infrastructure expansion has resulted in a low power grid reach and power distribution problems. Additionally, the lack of local manufacturing capacity for transformers has tended to raise prices for imported units.

Nigeria Transformer Industry: Leading Players

The Nigerian transformer market is fragmented with various players operating in different segments of the market. Major players in the Nigerian transformer market are Schneider Electric, General Electric, and ABB. Schneider Electric is a leading player in the Nigerian transformer market, delivering safe, reliable, and efficient power distribution equipment. General Electric also has a significant presence in Nigeria and offers a diversified range of transformers. ABB, a renowned global player in the power sector, has a subsidiary in Nigeria and provides high-quality transformers and other power equipment. Other notable players in the Nigerian transformer market include Legand Electricals, Beta Power Controls, and EMIREX Group.

Transformer Market in Nigeria: Government Regulations

The Nigerian government has enacted various policies and regulations aimed at supporting the growth of the power sector. The National Electric Power Policy was introduced in 2001 to increase power generation, improve transmission and distribution networks, and provide better access to electricity across the country. As part of this, the government has also introduced several initiatives to boost local production of transformers and other power equipment. The Nigerian Electricity Management Services Agency (NEMSA) also enforces quality standards for all electrical equipment, including transformers.

Market Segmentation by Product

On the basis of product, the distribution segment is anticipated to register significant growth owing to the rising industrialization and increasing construction activities.

Market Segmentation by Windings

The Nigerian transformer market is performing well, with both the two-winding and auto-transformer winding segments playing pivotal roles. However, recent data shows that the auto-transformer winding segment is currently experiencing growth.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years of Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019
• Forecast Data until 2026
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Nigeria Transformer Market Outlook
• Market Size of Nigeria Transformer Market, 2019
• Forecast of Nigeria Transformer Market, 2026
• Historical Data and Forecast of Nigeria Transformer Revenues & Volume for the Period 2016 - 2026
• Nigeria Transformer Market Trend Evolution
• Nigeria Transformer Market Drivers and Challenges
• Nigeria Transformer Price Trends
• Nigeria Transformer Porter's Five Forces
• Nigeria Transformer Industry Life Cycle
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By Core for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By Closed for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By Shell for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By Berry for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By Product for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By Power transformer for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By Distribution transformer for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By Instrument transformer for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By Others for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By Winding for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By Two-winding for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By Auto-transformer for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By Application for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By Residential & Commercial for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By Utility for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By Industrial for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By Cooling for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By Dry type for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By Oil Immersed for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By Insulation for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By Gas for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By Oil for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By Solid for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By Air for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By Others for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By Phase for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By Single phase for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By 3 - phase for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By Rating for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By ? 10 MVA for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By 11 MVA to 60 MVA for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By 61 MVA to 600 MVA for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Transformer Market Revenues & Volume By > 600 MVA for the Period 2016 - 2026
• Nigeria Transformer Import Export Trade Statistics
• Market Opportunity Assessment By Core
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Winding
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By Cooling
• Market Opportunity Assessment By Insulation
• Market Opportunity Assessment By Phase
• Market Opportunity Assessment By Rating
• Nigeria Transformer Top Companies Market Share
• Nigeria Transformer Competitive Benchmarking By Technical and Operational Parameters
• Nigeria Transformer Company Profiles
• Nigeria Transformer Key Strategic Recommendations.

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Core

• Closed
• Shell
• Berry

By Product

• Power Transformer
• Distribution Transformer
• Instrument Transformer
• Others

By Winding

• Two-Winding
• Auto-Transformer

By Application

• Residential & Commercial
• Utility
• Industrial

By Cooling

• Dry Type
• Oil Immersed

By Phase

• Single Phase
• 3 – Phase

By Rating

• 10 MVA
• 11 MVA To 60 MVA
• 61 MVA To 600 MVA
• > 600 MVA

Frequently Asked Questions About the Market Study: FAQ