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Nigeria Air Conditioner Market Analysis

The Nigeria Air Conditioner Market is projected to grow at a CAGR of around 5.5% during the forecast period, i.e., 2021-26.

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Nigeria Air Conditioner Market Analysis

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  1. Nigeria Air Conditioner Market Analysis, 2020 marknteladvisors.com

  2. Document Outline Introduction About Us, Key Questions Answered In This Study 02 Table of Content Market Segmentation, Scope of Work 05 Research Process & Methodology Primary Research, Secondary Research, Companies Interviewed, Respondent Profile, Research Methodology, Forecasting 14 Sample Pages Nigeria Air Conditioner Market Analysis, 2020 22 44 Commercials 47 Disclaimer 2 Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

  3. Market Segmentation Nigeria Air Conditioner Market By Type By Application By Region • Region 1 • Window AC • Residential • Region 2 • Split AC • Healthcare • Packaged AC • Commercial Buildings & Retail • Ducted Split AC • Govt. & Transportation • Cassette AC • Hospitality • Floor Standing • Oil & Gas • Centralized • Others • Chiller • Condensing Unit/VRF • AHU/FCU 3 Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

  4. Historical Year: 2015 Base Year: 2019 Table of Content (1/6) Forecast Year: 2025 Table of Content 1. Introduction 1.1. Research Process 1.2. Product Definition 1.3. Assumption 1.4. Market Segmentation 2. Executive Summary 3. Nigeria Air Conditioner Industry Analysis (2015- 2025) 3.1. Industry Potential 3.1.1.Industry Revenues 3.2. Industry Segmentation & Revenue Shares 3.2.1.By Type (Window, Split, Floor Standing, Cassette, Packaged, Ducted Split, Condensing units/VRF, Chillers, AHU/FCU) 3.2.2.By Region (Region 1, Region 2) 3.2.3.By End User 3.2.3.1. Nigeria Residential Air Conditioner Industry Revenues 3.2.3.2. Nigeria Commercial & Retail Air Conditioner Industry Revenues 3.2.3.3. Nigeria Healthcare Air Conditioner Industry Revenues 3.2.3.4. Nigeria Hospitality Air Conditioner Industry Revenues 3.2.3.5. Nigeria Government & Transportation Industry Revenues 3.2.3.6. Nigeria Oil & Gas Industry Revenues 3.2.4.By Companies (Top 5) 4 Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

  5. Historical Year: 2015 Base Year: 2019 Table of Content (2/6) Forecast Year: 2025 Table of Content 3.2.4.1. Revenue Shares 3.2.4.2. Strategic Factorial Indexing 3.2.4.3. Competitor Placement in MarkNtel Quadrant 3.3. Market Attractive Indexing 3.3.1.By Type 3.3.2.By Region 3.3.3.By End User 4. Nigeria Window Air Conditioner Industry Analysis (2015- 2025) 4.1. Industry Potential 4.1.1.Industry Revenues 4.1.2.Industry Volumes 4.2. Industry Segmentation & Revenue Shares 4.2.1.By Capacity (1, 1.5,2 & above tons) 4.2.2.By Region (Region 1, Region 2) 4.2.3.By End User 4.2.4.By Company 4.3. Pricing Analysis 4.4. Market Attractive Indexing 4.4.1.By Capacity 4.4.2.By Region 5 Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

  6. Historical Year: 2015 Base Year: 2019 Table of Content (3/6) Forecast Year: 2025 Table of Content 4.4.3.By End User 5. Nigeria Split Air Conditioner Industry Analysis (2015- 2025) 5.1. Industry Potential 5.2. Industry Volumes 5.2.1.Industry Revenues 5.3. Industry Segmentation & Revenue Shares 5.3.1.By Capacity (1, 1.5,2 & above tons) 5.3.2.By Region (Region 1, Region 2) 5.3.3.By End User 5.3.4.By Company 5.4. Pricing Analysis 5.5. Market Attractive Indexing 5.5.1.By Capacity 5.5.2.By Region 5.5.3.By End User 6. Nigeria Other Split Air Conditioner Industry Analysis (2015- 2025) 6.1. Industry Potential 6.1.1.Industry Revenues 6.1.2.Industry volumes 6.2. Industry Segmentation & Revenue Shares 6 Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

  7. Historical Year: 2015 Base Year: 2019 Table of Content (4/6) Forecast Year: 2025 Table of Content 6.2.1.By Type (Floor Standing, Cassette, Ceiling suspended) 6.2.2.By Region (Region 1, Region 2) 6.2.3.By End User 6.2.4.By Company 6.3. Pricing Analysis 6.4. Market Attractive Indexing 6.4.1.By Type 6.4.2.By Region 6.4.3.By End User 7. Nigeria Packaged Air Conditioner Industry Analysis (2015- 2025) 7.1. Industry Potential 7.1.1.Industry Revenues 7.2. Industry Segmentation & Revenue Shares 7.2.1.By Region (Region 1, Region 2) 7.2.2.By End User 7.2.3.By Company 8. Nigeria Ducted Split Air Conditioner Industry Analysis (2015- 2025) 8.1. Industry Potential 8.1.1.Industry Revenues 8.2. Industry Segmentation & Revenue Shares 7 Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

  8. Historical Year: 2015 Base Year: 2019 Table of Content (5/6) Forecast Year: 2025 Table of Content 8.2.1.By Region (Region 1, Region 2) 8.2.2.By End User 8.2.3.By Company 8.3. Market Attractive Indexing 8.3.1.By Region 8.3.2.By End User 9. Nigeria Centralised Air Conditioner Industry Analysis (2015- 2025) 9.1. Industry Potential 9.1.1.Industry Revenues 9.2. Industry Segmentation & Revenue Shares 9.2.1.By Type (Chiller, VRF, AHU/FCU, Ventilation Units) 9.2.1.1. Chillers Industry Revenues 9.2.1.2. VRF Industry Revenues 9.2.1.3. AHU/FCU Industry Revenues 9.2.1.4. Ventilation Units Industry Revenues 9.2.2.By Region (Region 1, Region 2) 9.2.3.By End User 9.2.4.By Company 9.3. Market Attractive Indexing 9.3.1.By Type 8 Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

  9. Historical Year: 2015 Base Year: 2019 Table of Content (5/6) Forecast Year: 2025 Table of Content 9.3.2.By Region 9.3.3.By End User 10. Industry Dynamics 10.1. Drivers 10.2. Challenges 10.3. Impact Analysis 11. Industry Trends & Development 12. Nigeria Air Conditioner Imports Exports Statistics 13. Nigeria Air Conditioners Market Key Strategic Imperatives for Success & Growth 14. Nigeria Air Conditioners Value Chain & Stakeholder Margin Analysis 15. Tax Structure 16. Policy & Regulatory Landscape 17. Nigeria Air Conditioner Industry Competition Outlook 17.1. Factors Considered while selecting an Air Conditioner Vendor 17.2. Strategies adopted by Air Conditioner Suppliers 17.3. Top Dealers and Distributors in UAE 17.4. Competition Matrix 17.4.1. Product Portfolio 17.4.2. Target End Users 17.4.3. Target Markets 9 Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

  10. Historical Year: 2015 Base Year: 2019 Table of Content (6/6) Forecast Year: 2025 Table of Content 17.4.4. Research & Development 17.4.5. Strategic Alliances 17.4.6. Strategic Initiatives 17.5. Company Profiles (Top 10 Companies) 17.5.1. Business Description 17.5.2. Product Portfolio 17.5.3. Recent Development 17.5.4. Key Executives 17.5.5. Contact Details 18. Disclaimer 10 Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

  11. Document Outline Introduction About Us, Key Questions Answered In This Study 02 Table of Content Market Segmentation, Scope Of Work 05 Research Process & Methodology Primary Research, Secondary Research, Companies Interviewed, Respondent Profile, Research Methodology, Forecasting 14 Sample Pages Nigeria Air Conditioner Market Analysis, 2020 22 45 Commercials 47 Disclaimer 11 Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

  12. Nigeria Air Conditioners Industry Analysis, 2015-2025F Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

  13. Nigeria Air Conditioners Industry Revenue Analysis, 2015-2025F Figure 1: Nigeria Air Conditioners By Revenues (USD Million), 2015- 2025F Revenue: XX% Revenue: XX% CAGR CAGR 2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F Source: MarkNtel Advisors ▪ Nigeria air conditioner market was valued USD 245.17 million in 2015, which is anticipated to reach USD XX million by 2025 owing to the rising number of construction projects in residential and commercial markets. In 2015, the air conditioner market declined by 9% in comparison to previous year. During 2014-16, some of the major projects were halted due to weak economic and political conditions. Further, elections held in the year 2015 has also affected ongoing projects and investments in the country. ▪ 2018 onwards, Nigeria air conditioner market witnessed steady growth due to the sturdy construction industry. The government of Nigeria with private and foreign investors has started to invest in several projects in areas such as residential, oil & gas, retail and public transportation, thereby generating the demand for the air conditioner in the Nigerian market. 13 Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

  14. Nigeria Air Conditioners Industry Revenue Share, By Type Figure 2: Nigeria Air Conditioners Industry Revenue Share, By Type, 2019 & 2025F (In Percentages) Window Split Floor Standing Cassette 2019 2025F Packaged Ducted Split Centralized Source: MarkNtel Advisors *These are dummy charts and do not represent actual value • The centralized and split air conditioner market is augmenting in the country during 2020-2025 due to an increasing number of commercial establishments such as new retails malls, new hotels, airport expansion, etc. • Some of the hotel constructions projectsare mentioned below which would generate the demand for chillers in the country are: • Hilton Lagos Airport Hotel scheduled to open in Nigeria by 2023. This project includes a restaurant, night club, etc. • Swiss International announced its plan in January 2020 to open a hotel in Lagos Nigeria. • The construction of the aforementioned projects would generate the demand for centralized and split air conditioners in the country. 14 Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

  15. Nigeria Air Conditioners Industry Revenue Share, By Region Figure 3: Nigeria Air Conditioners Industry Revenue Share, By Region, 2019 & 2025F (In Percentages) Region 1 ⚫ 2019: XX% ⚫ 2025F: XX% Region 2 ⚫ 2019: XX% ⚫ 2025F: XX% Source: Markntel Advisors 15 Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

  16. Nigeria Air Conditioners Industry Revenue Share, By End User Figure 4: Nigeria Air Conditioners Industry Revenue Share, By End User, 2019 & 2025F (In Percentages) Residential 2019 2025 XX% XX% Others Commercial & Retail 2019 2025 2019 2025 XX% XX% XX% XX% 2019: USD XXX Million Oil & Gas Healthcare 2019 2025 2019 2025 XX% XX% XX% XX% Government & Transportation Hospitality 2019 2025 2019 2025 XX% XX% XX% XX% Source: MarkNtel Advisors 16 Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

  17. Nigeria Window Air Conditioners By Revenues & Volumes, 2015-2025F Figure 6: Nigeria Window Air Conditioners By Revenues (USD Million) & Volumes (Thousand Units), 2015- 2025F Revenue: XX% Volume: XX% Revenue: XX% Volume: XX% CAGR CAGR 2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F Revenue (USD million) Volume (Thousands) Source: MarkNtel Advisors • The window air conditioner market has witnessed a steep decline during 2015-2019 and further also it is projected to have a downfall through 2025 on account of changing the architectural design in new high rise apartments and commercial spaces. Few energy-efficient mandatory norms have resulted in the windows air conditioners to have a price hike, leading to the negligible price difference between windows and split ACs. This narrowing price gap have been translating into evolving preferences for customers, directly impacting their purchase pattern with growing traction towards split air conditioners. Therefore, it is expected the market for window air conditioners would experience a negative growth over the next 5 years. 17 Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

  18. Nigeria Window Air Conditioners Industry Revenue Share, By Capacity Figure 7: Nigeria Window Air Conditioners Industry Revenue Share, By Capacity, 2019 & 2025F (In Percentages) 1 Ton 1.5 Ton 2019 2025F 2 & Above Ton Source: MarkNtel Advisors *These are dummy charts and do not represent actual value Table 2: Nigeria Air Conditioners Industry Revenue (USD Million), By Capacity, 2015 - 2025F Types 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 Ton XX XX XX XX XX XX XX XX XX XX XX 1.5 Ton XX XX XX XX XX XX XX XX XX XX XX 2 & Above Ton XX XX XX XX XX XX XX XX XX XX XX 18 Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

  19. Nigeria Air Conditioners Industry Competition Outlook Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

  20. Nigeria Key Decision Making Factors Figure 11: Nigeria Key Factors Considered While Selecting an Air Conditioner Performance and Effective Pricing 1 Customers look for Supplier who provide the product with effective cooling, energy efficient systems and latest technology. Latest technologies include air conditioner with air purifier, Motion activated air conditioners etc. Suppliers’ XXXXX 2 End user prefer suppliers who have good understanding about customer’s requirement and can give better suggestion for the cooling solutions. XXXXX Key decision making parameters XXXXXXXXXX 3 XXXXXXX XXXXXX 4 XXXXXXX XXXX 5 XXXXXX Source: MarkNtel Advisors 20 Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

  21. Competition Benchmarking Table 5: Competition Benchmarking, By Product, Brand Specialization, End Users, R&D, Strategic Alliance, Strategic Initiative Brand Strategic Initiative Company Product End Users R&D Strategic Alliance Specialization York XX XX XX XX XX XX LG XX XX XX XX XX XX Haier XX XX XX XX XX XX Samsung XX XX XX XX XX XX Midea XX XX XX XX XX XX Mitsubishi XX XX XX XX XX XX Carrier XX XX XX XX XX XX Trane XX XX XX XX XX XX Daikin XX XX XX XX XX XX Source: Markntel Advisors 21 Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

  22. Disclaimer MarkNtel Advisors comprises Market specific information that is intended for key sets of customers which can be used for internal purposes, but not for general publication or disclosure to third parties. No part of the report can be, lent, resold or disclosed to non- customers without written permission. No part may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the permission of the publisher. The Market specific information is based on primary interviews and MarkNtel Advisors takes no responsibility for any incorrect information provided to us. MarkNtel Advisors +1 (613) 707-5086 would not be held responsible for any loss or damage caused due to the usage of such information and thus would not sales@marknteladvisors.com refund in any case the amount spent by the company in purchasing such information. 22 Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

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