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Nigeria Gas Generator Set Market Will be Driven by Industrial and Commercial Developments

12-06-2022 07:04 AM CET | Energy & Environment

Press release from: P&S Intelligence

Nigeria Gas Generator Set Market Will be Driven by Industrial

The total value of the Nigerian gas genset market was $259.8 million in 2021, and it will rise at a growth rate of above 7.9% in the near future, to reach $514.4 million by 2030. The main reasons behind the growth of this industry are, thriving commercial and industrial development.

On the basis of power rating segment, the 1,000 kVA and above category held the largest share in 2021. It is credited to the surging demand for gensets of power rating 1,000 kVA and above in several industries like energy, commercial, and manufacturing.

Get the sample pages of this report: https://www.psmarketresearch.com/market-analysis/nigeria-gas-genset-market/report-sample

On the basis of application, the commercial category is expected to grow the fastest in the coming years. this can be ascribed to the high acceptance of gensets fuelled by gas in commercial area like telecom and real estate.

Moreover, in the construction sector the need for such equipment is very high as construction machines require continuous power, they as they cannot bear too many power cuts as they need to pay their workers on hourly bases. Due to the surging population, the demand for food and beverages has increased rapidly which is in turn increasing the demand for gas gensets.

Major players in the country are playing a vital role in the development of Nigeria by formulating several plans, the main suppliers of gas-powered generators in the African region are Honda Manufacturing (Nigeria) Limited YorPower Ltd., Atlas Copco AB, JMG Limited and Jubaili Bros, Atlas Copco AB.

Make inquiry before purchase of this report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=nigeria-gas-genset-market

With the significant growth of the commercial industries, the demand for gas gensets will grow in the coming years in Nigeria.

Browse more reports:

Industrial Gases Industry Report - https://www.psmarketresearch.com/press-release/global-industrial-gases-market

Generator Set Industry Report - https://www.psmarketresearch.com/press-release/genset-market

Nigeria Diesel Generator Set Industry Report - https://www.psmarketresearch.com/press-release/nigeria-diesel-genset-market

Contact:
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Blog: https://psintelligence.blogspot.com

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

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