Tag: Nigeria Agriculture & Industrial Equipment Engine Market Size

Nigeria Agriculture & Industrial Equipment Engine Market Expects CAGR Growth to Approx. 12.21% by 2030 As Revealed in New Report

Report Overview:

The following report titled “Nigeria Agriculture & Industrial Equipment Engine Market: By Equipment (Aggregation Type) (Agriculture (Tractors, Harvesters, Others), Industrial (Pavers, Loaders, Crane, Forklift, Others (Towing Tractors, etc.)), Power Generation (Gas Generator, Diesel Generator)), By End User (Agriculture, Industrial, Power Generation)and other forecast 2024-2030” provides a comprehensive analysis of the market, focusing on key details such as market size, growth trends, determinants of growth, segments covered, and the role of leading players in the industry.

Nigeria Agriculture & Industrial Equipment Engine Market Summary

Nigeria Agriculture & Industrial Equipment Engine Market size is estimated to grow at a CAGR of around 12.21% during the forecast period, i.e., 2024-30. Increasing investment across the industrial and agricultural sectors has been driving the demand for engines for both purposes, including power generation and propulsion. In recent years, the government has been largely focusing on improving agricultural production across the country, which is in line with improving the food security of the country and reducing its reliance on imported items. For instance, in 2021, the Nigerian government announced the development of the National Agricultural Technology and Innovation Policy (NATIP) for 2021-2025.

Report Coverage & Details

  • Forecast Period:  2024-2030
  • Base Year: 2023
  • CAGR: 12.21%

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Nigeria Agriculture & Industrial Equipment Engine Market Trend:

Increasing Adoption of the Gas Engine Across the Country – Over the past few years, various industries have been facing challenges to overcome and accelerate decarbonization and energy security across the country. Nigeria is a major industrial hub that involves energy-intensive manufacturing operations that are restrained by the weak power supply across the country. To deal with sufficient power generation, which is critical to industrial development and operation, flexible gas engine power plants are emerging as a solution.

Segmentation Analysis: Nigeria Agriculture & Industrial Equipment Engine Market

By Fuel Type

  • Diesel – Market Size & Forecast 2019-2030, (Units Sold)
  • Gasoline- Market Size & Forecast 2019-2030, (Units Sold)

By End User

  • Agriculture- Market Size & Forecast 2019-2030, (Units Sold)
  • Industrial- Market Size & Forecast 2019-2030, (Units Sold)
  • Power Generation- Market Size & Forecast 2019-2030, (Units Sold)

By Region

  • South West
  • South
  • North West
  • Rest of Nigeria

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Leading Players Analysis: Nigeria Agriculture & Industrial Equipment Engine Market

The report provides detailed analysis of key players in the Nigeria Agriculture & Industrial Equipment Engine market, highlighting their strategies and competitive scenario.

  • Cummins Inc.
  • Caterpillar Inc.
  • Volvo Penta
  • Kubota Corporation
  • Deere & Company
  • Clarke Energy
  • HD Hyundai Infracore Co., Ltd.
  • Rolls Royce Plc
  • Deutz AG
  • Others
  • Honda Manufacturing (Nigeria) Ltd.
  • MAN Energy Solutions
  • Wärtsilä Corporation
  • Others

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