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NEW YORK , Dec. 20, 2021 /PRNewswire/ -- The Nigerian diesel genset market value, which will be an estimated $445.1 million in 2021, will further witness a 6.8% CAGR between 2021 and 2030, to reach $806.8 million by 2030. Generators that offer power in a range of 15 kilovolt-Amperes (kVA) to 75 kVA are hugely popular in residential facilities, telecom towers, small industries, restaurants, hotels, and commercial complexes, due to their cost-effectiveness.
Apart from these places, diesel gensets are widely used in the oil and gas industry of Nigeria . Since most oilfields are remotely located, they lack a grid connection, which is why gensets are essentials to keep the operations running. Nigeria is one of the largest producers of crude oil in the world, which is largely due to the continuous operations of gensets in oilfields.
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Key Findings of Nigeria Diesel Genset Market Report
Browse detailed report on Nigeria Diesel Generators Market Size, Share and Growth Forecast to 2030
Key companies in the Nigerian diesel genset market are Denyo Co. Ltd., Honda Manufacturing (Nigeria ) Limited, YorPower Ltd., Jubaili Bros, Caterpillar Inc., Cummins Inc., Kirloskar Oil Engines Limited, Siemens AG, General Electric Company, SUMEC Group Corporation, Atlas Copco AB, John Holt Plc, Mitsubishi Heavy Industries Ltd., JMG Limited, and Mikano International Limited.
Gas Genset Market in Nigeria is also witnessing significant growth
Explore Detailed Report on Gas Genset Market in Nigeria
Key Findings of Nigeria Gas Genset Market Report
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