| Product Code: ETC8638403 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of welded plate and block heat exchangers to Nigeria in 2024 continued to showcase a strong growth trajectory, with a notable Compound Annual Growth Rate (CAGR) of 15.16% from 2020 to 2024. The top exporting countries to Nigeria, including the USA, South Korea, India, UK, and China, highlight the diverse sourcing channels for these products. Moreover, the high Herfindahl-Hirschman Index (HHI) concentration indicates a competitive market landscape. The exceptional growth rate of 292.54% from 2023 to 2024 underscores the increasing demand and importance of these heat exchangers in Nigeria`s industrial sector.

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 Welded Plate and Block Heat Exchangers Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Welded Plate and Block Heat Exchangers Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Welded Plate and Block Heat Exchangers Market - Industry Life Cycle |
3.4 Nigeria Welded Plate and Block Heat Exchangers Market - Porter's Five Forces |
3.5 Nigeria Welded Plate and Block Heat Exchangers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Welded Plate and Block Heat Exchangers Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Welded Plate and Block Heat Exchangers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrialization and infrastructural development in Nigeria leading to higher demand for heat exchangers. |
4.2.2 Growing focus on energy efficiency and sustainability, driving the adoption of welded plate and block heat exchangers. |
4.2.3 Rising investments in sectors like oil gas, power generation, and chemical processing driving the demand for heat exchangers. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production cost of welded plate and block heat exchangers. |
4.3.2 Lack of technical expertise and skilled labor for the manufacturing and maintenance of heat exchangers in Nigeria. |
5 Nigeria Welded Plate and Block Heat Exchangers Market Trends |
6 Nigeria Welded Plate and Block Heat Exchangers Market, By Types |
6.1 Nigeria Welded Plate and Block Heat Exchangers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Welded Plate and Block Heat Exchangers Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Nigeria Welded Plate and Block Heat Exchangers Market Revenues & Volume, By Max. Heat Transfer Area < 100 ft2, 2021- 2031F |
6.1.4 Nigeria Welded Plate and Block Heat Exchangers Market Revenues & Volume, By Max. Heat Transfer Area 100-800 ft2, 2021- 2031F |
6.1.5 Nigeria Welded Plate and Block Heat Exchangers Market Revenues & Volume, By Max. Heat Transfer Area > 800 ft2, 2021- 2031F |
6.2 Nigeria Welded Plate and Block Heat Exchangers Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Welded Plate and Block Heat Exchangers Market Revenues & Volume, By Petrochemical, 2021- 2031F |
6.2.3 Nigeria Welded Plate and Block Heat Exchangers Market Revenues & Volume, By Electric Power & Metallurgy, 2021- 2031F |
6.2.4 Nigeria Welded Plate and Block Heat Exchangers Market Revenues & Volume, By Shipbuilding Industry, 2021- 2031F |
6.2.5 Nigeria Welded Plate and Block Heat Exchangers Market Revenues & Volume, By Mechanical Industry, 2021- 2031F |
6.2.6 Nigeria Welded Plate and Block Heat Exchangers Market Revenues & Volume, By Other Applications, 2021- 2031F |
7 Nigeria Welded Plate and Block Heat Exchangers Market Import-Export Trade Statistics |
7.1 Nigeria Welded Plate and Block Heat Exchangers Market Export to Major Countries |
7.2 Nigeria Welded Plate and Block Heat Exchangers Market Imports from Major Countries |
8 Nigeria Welded Plate and Block Heat Exchangers Market Key Performance Indicators |
8.1 Energy efficiency improvements achieved through the use of welded plate and block heat exchangers. |
8.2 Number of new industrial projects and installations using welded plate and block heat exchangers. |
8.3 Rate of adoption of advanced heat exchanger technologies in key sectors like oil gas and power generation in Nigeria. |
9 Nigeria Welded Plate and Block Heat Exchangers Market - Opportunity Assessment |
9.1 Nigeria Welded Plate and Block Heat Exchangers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Welded Plate and Block Heat Exchangers Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Welded Plate and Block Heat Exchangers Market - Competitive Landscape |
10.1 Nigeria Welded Plate and Block Heat Exchangers Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Welded Plate and Block Heat Exchangers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |