Nigeria Renewable Energy Market Summary, Competitive Analysis and Forecast to 2027
Summary
Renewable Energy in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The renewable energy market consists of the net generation of electricity through renewable sources. It is divided into five segments, these being hydroelectricity, wind energy, solar, biomass, and geothermal. The volume of the market is calculated as the net volume of electricity produced through renewable means. The value of the industry is the amount of electricity produced multiplied by the wholesale price data for electricity generation.
- The Nigerian renewable energy market had total revenues of $0.3 billion in 2022, representing a compound annual growth rate (CAGR) of 5.1% between 2017 and 2022.
- Market production volume increased with a CAGR of 0.8% between 2017 and 2022, to reach a total of 7,908.5 GWh in 2022.
- The growing government’s efforts towards clean energy are projected to fuel the market growth.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the renewable energy market in Nigeria
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the renewable energy market in Nigeria
- Leading company profiles reveal details of key renewable energy market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Nigeria renewable energy market with five year forecasts
- What was the size of the Nigeria renewable energy market by value in 2022?
- What will be the size of the Nigeria renewable energy market in 2027?
- What factors are affecting the strength of competition in the Nigeria renewable energy market?
- How has the market performed over the last five years?
- What are the main segments that make up Nigeria's renewable energy market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strengths and weaknesses do leading players have?
- 7.3. What have been the most significant mergers and acquisitions over the last year?
- 8 Company Profiles
- 8.1. Engie SA
- 8.2. Enel SpA
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Nigeria renewable energy market value: $ million, 2017–22
- Table 2: Nigeria renewable energy market volume: GWh, 2017–22
- Table 3: Nigeria renewable energy market category segmentation: % share, by value, 2017–2022
- Table 4: Nigeria renewable energy market category segmentation: $ million, 2017-2022
- Table 5: Nigeria renewable energy market geography segmentation: $ million, 2022
- Table 6: Nigeria renewable energy market value forecast: $ million, 2022–27
- Table 7: Nigeria renewable energy market volume forecast: GWh, 2022–27
- Table 8: Engie SA: key facts
- Table 9: Engie SA: Annual Financial Ratios
- Table 10: Engie SA: Key Employees
- Table 11: Enel SpA: key facts
- Table 12: Enel SpA: Annual Financial Ratios
- Table 13: Enel SpA: Key Employees
- Table 14: Enel SpA: Key Employees Continued
- Table 15: Nigeria size of population (million), 2018–22
- Table 16: Nigeria gdp (constant 2005 prices, $ billion), 2018–22
- Table 17: Nigeria gdp (current prices, $ billion), 2018–22
- Table 18: Nigeria inflation, 2018–22
- Table 19: Nigeria consumer price index (absolute), 2018–22
- Table 20: Nigeria exchange rate, 2018–22
- List of Figures
- Figure 1: Nigeria renewable energy market value: $ million, 2017–22
- Figure 2: Nigeria renewable energy market volume: GWh, 2017–22
- Figure 3: Nigeria renewable energy market category segmentation: $ million, 2017-2022
- Figure 4: Nigeria renewable energy market geography segmentation: % share, by value, 2022
- Figure 5: Nigeria renewable energy market value forecast: $ million, 2022–27
- Figure 6: Nigeria renewable energy market volume forecast: GWh, 2022–27
- Figure 7: Forces driving competition in the renewable energy market in Nigeria, 2022
- Figure 8: Drivers of buyer power in the renewable energy market in Nigeria, 2022
- Figure 9: Drivers of supplier power in the renewable energy market in Nigeria, 2022
- Figure 10: Factors influencing the likelihood of new entrants in the renewable energy market in Nigeria, 2022
- Figure 11: Factors influencing the threat of substitutes in the renewable energy market in Nigeria, 2022
- Figure 12: Drivers of degree of rivalry in the renewable energy market in Nigeria, 2022
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