| Product Code: ETC8638279 | 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 |
The import shipments of water-based heating and cooling systems in Nigeria continue to showcase significant growth momentum in 2024, with top exporting countries including the USA, South Korea, India, UK, and China. The high Herfindahl-Hirschman Index (HHI) concentration indicates a competitive market landscape. The impressive compound annual growth rate (CAGR) of 15.16% from 2020 to 2024 highlights the increasing demand for these systems in Nigeria. Moreover, the exceptional growth rate of 292.54% from 2023 to 2024 suggests a surge in market activity and opportunities for both domestic and international suppliers.

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 Water-Based Heating and Cooling Systems Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Water-Based Heating and Cooling Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Water-Based Heating and Cooling Systems Market - Industry Life Cycle |
3.4 Nigeria Water-Based Heating and Cooling Systems Market - Porter's Five Forces |
3.5 Nigeria Water-Based Heating and Cooling Systems Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Nigeria Water-Based Heating and Cooling Systems Market Revenues & Volume Share, By Cooling Type, 2021 & 2031F |
3.7 Nigeria Water-Based Heating and Cooling Systems Market Revenues & Volume Share, By End- User, 2021 & 2031F |
4 Nigeria Water-Based Heating and Cooling Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization in Nigeria leading to higher demand for modern heating and cooling solutions |
4.2.2 Growing awareness about energy efficiency and environmental concerns driving the adoption of water-based systems |
4.2.3 Government initiatives promoting sustainable technologies and incentivizing the use of water-based heating and cooling systems |
4.3 Market Restraints |
4.3.1 High initial costs associated with installing water-based heating and cooling systems |
4.3.2 Limited availability of skilled professionals for installation and maintenance of these systems |
4.3.3 Infrastructure challenges such as unreliable power supply impacting the performance of these systems |
5 Nigeria Water-Based Heating and Cooling Systems Market Trends |
6 Nigeria Water-Based Heating and Cooling Systems Market, By Types |
6.1 Nigeria Water-Based Heating and Cooling Systems Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Water-Based Heating and Cooling Systems Market Revenues & Volume, By Component, 2021- 2031F |
6.1.3 Nigeria Water-Based Heating and Cooling Systems Market Revenues & Volume, By Heat Pump, 2021- 2031F |
6.1.4 Nigeria Water-Based Heating and Cooling Systems Market Revenues & Volume, By Convector Heater, 2021- 2031F |
6.1.5 Nigeria Water-Based Heating and Cooling Systems Market Revenues & Volume, By Radiator, 2021- 2031F |
6.1.6 Nigeria Water-Based Heating and Cooling Systems Market Revenues & Volume, By Boiler, 2021- 2031F |
6.1.7 Nigeria Water-Based Heating and Cooling Systems Market Revenues & Volume, By Chiller, 2021- 2031F |
6.1.8 Nigeria Water-Based Heating and Cooling Systems Market Revenues & Volume, By AHU, 2021- 2031F |
6.1.9 Nigeria Water-Based Heating and Cooling Systems Market Revenues & Volume, By Expantion Tank, 2021- 2031F |
6.1.10 Nigeria Water-Based Heating and Cooling Systems Market Revenues & Volume, By Expantion Tank, 2021- 2031F |
6.2 Nigeria Water-Based Heating and Cooling Systems Market, By Cooling Type |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Water-Based Heating and Cooling Systems Market Revenues & Volume, By Direct Cooling, 2021- 2031F |
6.2.3 Nigeria Water-Based Heating and Cooling Systems Market Revenues & Volume, By Indirect Cooling, 2021- 2031F |
6.3 Nigeria Water-Based Heating and Cooling Systems Market, By End- User |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Water-Based Heating and Cooling Systems Market Revenues & Volume, By Residential, 2021- 2031F |
6.3.3 Nigeria Water-Based Heating and Cooling Systems Market Revenues & Volume, By Commercial, 2021- 2031F |
6.3.4 Nigeria Water-Based Heating and Cooling Systems Market Revenues & Volume, By Industrial, 2021- 2031F |
7 Nigeria Water-Based Heating and Cooling Systems Market Import-Export Trade Statistics |
7.1 Nigeria Water-Based Heating and Cooling Systems Market Export to Major Countries |
7.2 Nigeria Water-Based Heating and Cooling Systems Market Imports from Major Countries |
8 Nigeria Water-Based Heating and Cooling Systems Market Key Performance Indicators |
8.1 Energy efficiency ratings of installed water-based heating and cooling systems |
8.2 Number of government policies and incentives supporting the adoption of sustainable technologies |
8.3 Growth in the number of new construction projects integrating water-based systems |
8.4 Rate of adoption of water-based heating and cooling systems in commercial and residential buildings |
8.5 Customer satisfaction levels with the performance and cost-effectiveness of water-based systems |
9 Nigeria Water-Based Heating and Cooling Systems Market - Opportunity Assessment |
9.1 Nigeria Water-Based Heating and Cooling Systems Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Nigeria Water-Based Heating and Cooling Systems Market Opportunity Assessment, By Cooling Type, 2021 & 2031F |
9.3 Nigeria Water-Based Heating and Cooling Systems Market Opportunity Assessment, By End- User, 2021 & 2031F |
10 Nigeria Water-Based Heating and Cooling Systems Market - Competitive Landscape |
10.1 Nigeria Water-Based Heating and Cooling Systems Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Water-Based Heating and Cooling Systems Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |