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Nigeria Diesel Genset Market

Nigeria Diesel Genset market is expected to witness modest growth owing to the expansion of telecom infrastructure, the establishment of new industries, and poor grid infrastructure of the country. Growing investment in the non-oil sector of the country is anticipated to support the economic growth in the region over the coming years which would foster the demand for diesel gensets during 2018-24. Additionally, the growing number of manufacturing units in the country is expected to boost the growth of the diesel Genset market.

According to 6Wresearch, Nigeria diesel Genset market is forecast to grow at a CAGR of 2.8% during 2018-24. The global oil price crisis coupled with the implementation of poor economic policies by the Nigerian government resulted in a slowdown in the economy of the country. As a result, the government of Nigeria has shifted its focus on the development of non-oil sectors of the country by investing across the manufacturing, retail, and commercial sectors. These initiatives to strengthen the non-oil economy of the country continues with upcoming industrial projects across tobacco, food & beverages, and chemical industries of Nigeria. These initiatives would fuel the demand for diesel gensets in the non-oil domain.

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Key Highlights of the Report:

• Nigeria Diesel Genset Market Overview
• Nigeria Diesel Genset Market Forecast
• Nigeria Diesel Genset Market Outlook
• Nigeria Diesel Genset Market Trends and Opportunities
• Nigeria Diesel Genset Market Overview on Competitive Landscape
• Nigeria Diesel Genset Market Share, By Players
• Nigeria Diesel Genset Market Size & Nigeria Diesel Genset Market Forecast until 2024.

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