Power Generation in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Power generation market volume refers to the total electrical energy (KWh) generated within a country over the course of each calendar year. The market value is calculated by multiplying the amount of electricity produced with the wholesale price for electricity generation.
The Nigerian power generation industry recorded revenues of $5,574.5 million in 2023, representing a compound annual growth rate (CAGR) of 2.1% between 2018 and 2023.
Industry production volume increased with a CAGR of 2.5% between 2018 and 2023, to reach a total of 43,813.2 gigawatt hours (GWh) in 2023.
Nigeria held a share of 0.3% of the world power generation market in 2023.
Scope
Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the power generation market in Nigeria
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the power generation market in Nigeria
Leading company profiles reveal details of key power generation market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the Nigeria power generation market with five year forecasts by both value and volume
Reasons to Buy
What was the size of the Nigeria power generation market by value in 2023?
What will be the size of the Nigeria power generation market in 2028?
What factors are affecting the strength of competition in the Nigeria power generation market?
How has the market performed over the last five years?
Who are the top competitors in Nigeria's power generation 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 in the industry?
7.2. What strategies do the leading players follow?
7.3. What are the most recent market developments?
8 Company Profiles
8.1. Geregu Power Plc
8.2. Alaoji Generation Company Nigeria Limited
8.3. Alausa Power Ltd
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 power generation industry value: $ billion, 2018-23
Table 2: Nigeria power generation industry volume: thousand KWh, 2018-23
Table 3: Nigeria power generation industry category segmentation: % share, by value, 2018-2023
Table 4: Nigeria power generation industry category segmentation: $ billion, 2018-2023
Table 5: Nigeria power generation industry geography segmentation: $ billion, 2023
Table 6: Nigeria power generation industry value forecast: $ billion, 2023-28
Table 7: Nigeria power generation industry volume forecast: thousand KWh, 2023-28
Table 8: Geregu Power Plc: key facts
Table 9: Geregu Power Plc: Annual Financial Ratios
Table 10: Geregu Power Plc: Key Employees
Table 11: Alaoji Generation Company Nigeria Limited: key facts
Table 12: Alausa Power Ltd: key facts
Table 13: Nigeria size of population (million), 2019-23
Table 14: Nigeria real gdp (constant 2010 prices, $ billion), 2019-23
Table 15: Nigeria gdp (current prices, $ billion), 2019-23
Table 16: Nigeria inflation, 2019-23
Table 17: Nigeria consumer price index (absolute), 2019-23
Table 18: Nigeria exchange rate, 2019-23
List of Figures
Figure 1: Nigeria power generation industry value: $ billion, 2018-23
Figure 2: Nigeria power generation industry volume: thousand KWh, 2018-23
Figure 3: Nigeria power generation industry category segmentation: $ billion, 2018-2023
Figure 4: Nigeria power generation industry geography segmentation: % share, by value, 2023
Figure 5: Nigeria power generation industry value forecast: $ billion, 2023-28
Figure 6: Nigeria power generation industry volume forecast: thousand KWh, 2023-28
Figure 7: Forces driving competition in the power generation industry in Nigeria, 2023
Figure 8: Drivers of buyer power in the power generation industry in Nigeria, 2023
Figure 9: Drivers of supplier power in the power generation industry in Nigeria, 2023
Figure 10: Factors influencing the likelihood of new entrants in the power generation industry in Nigeria, 2023
Figure 11: Factors influencing the threat of substitutes in the power generation industry in Nigeria, 2023
Figure 12: Drivers of degree of rivalry in the power generation industry in Nigeria, 2023