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Turbine Market in Nigeria 2015-2019

Turbine Market in Nigeria 2015-2019

About Turbine

A turbine is a mechanical device consisting of revolving rotors and blades, which transforms rotational energy into usable energy. The fluid used for the rotation can be steam, gas, or other combustion products such as CO2 and carbon monoxide. There are three types of turbines: steam, gas, and CCGT. Steam turbine extracts thermal energy from steam and converts it into mechanical energy. Gas turbine is generally used in gas-fired power plants where an internal combustion engine is placed, in which the fuel is mixed with air and ignited. Because of the growing awareness about the environmental pollution caused by thermal power plants, most of the newly constructed gas-fired power plants are CCGT plants.

Technavio's analysts forecast the turbine market in Nigeria to grow at a CAGR of 12.3% over the period 2014-2019.

Covered in this Report

The report includes the present scenario and the growth prospects of the turbine market in Nigeria for the period 2015-2019. Based on type, the market can be segmented into three: steam turbines, gas turbines and CCGT.

Technavio's report, Turbine Market in Nigeria 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Vendors

  • Alstom
  • GE
  • Harbin
  • Hitachi
  • Siemens
Other Prominent Vendors
  • Nanjing Turbine & Electric Machinery
  • Rolls-Royce
Key Market Driver
  • Availability of Power Generation Sources
  • For a full, detailed list, view our report
Key Market Challenge
  • Economic Instability and High-level Poverty
  • For a full, detailed list, view our report
Key Market Trend
  • Inclusion of Coal-fired Power in Nation's Energy Mix
  • For a full, detailed list, view our report
Key Questions Answered in this Report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Turbine Market in Nigeria 2015-2019

Technavio recognizes the following companies as the key players in the Turbine Market in Nigeria: Alstom SA, General Electric (GE), Harbin Co. Ltd., Hitachi Power Systems Ltd., and Siemens AG.

Other Prominent Vendors in the market are: Nanjing Turbine & Electric Machinery, and Rolls-Royce.

Commenting on the report, an analyst from Technavio’s team said: “Increasing investments in the power sector is a key trend observed in this market. Since the cost of alternative power generation from diesel-based generation sets is four times higher than the cost of reliable power generation. Nigeria is seeking private power companies to increase the reliable power generation and reduce the power deficit.”

According to the report, the availability of power generation sources in Nigeria is a critical driver that fosters growth in this market. The country is the largest oil producer in Africa and is among the top five exporters of LNG. Oil and gas ensures a continuous fuel supply to the power plants in the country.

Further, the report states that the major challenge faced by this market is the operational difficulty of gas and steam turbines. Variation in fuel quality is one of the major operational concerns associated with gas and steam turbines, which hampers the market growth as it can cause system failure.

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market Overview
      • Table Thermal Power Plant Forecast Methodology
    • Product Offerings
  • Market Research Methodology
    • Market Research Process
    • Research Methodology
      • Table Market Research Methodology
  • Key Highlights
    • Private Power Companies to help in Meeting Power Demand
    • Vandalization of Fuel Resources Pose Serious Threat
    • Gas Turbines to Reach 11 GW by 2019
      • Table Gas Turbine Installations in Nigeria (2014 and 2019)
  • Introduction
    • Table Types of Turbines
    • Table Schematic Diagram of CCGT-based Power Plant
    • Table Schematic Diagram of Steam Turbine-based Power Plant
    • Table Schematic Diagram of Gas Turbine-based Power Plant
  • Market Landscape
    • Market Overview
    • Power Generation Market in Nigeria
      • Table Power Generation Mix of Nigeria 2010-2014
    • Market Size and Forecast
      • Table Turbine Market in Nigeria 2014-2019 (MW)
    • Five Forces Analysis
  • Market Segmentation by Type
    • Turbine Market in Nigeria by Type 2014
      • Table Turbine Market in Nigeria by Type 2014
    • Turbine Market in Nigeria by Type 2019
      • Table Turbine Market in Nigeria by Type 2019
      • Table Turbine Market in Nigeria by Type 2014-2019
    • Gas Turbine Market in Nigeria
      • Market Size and Forecast
        • Table Gas Turbine Market in Nigeria (MW)
        • Table Top Five Active Thermal Power Plants with Gas Turbines in Nigeria (MW)
        • Table Top Five Upcoming Thermal Power Plants with Gas Turbines in Nigeria (MW)
    • Steam Turbine Market in Nigeria
      • Market Size and Forecast
        • Table Steam Turbine Market in Nigeria (MW)
        • Table Top Active Thermal Power Plants with Steam Turbines in Nigeria (MW)
        • Table Top Four Upcoming Thermal Power Plants with Steam Turbines in Nigeria (MW)
    • CCGT Market in Nigeria
      • Market Size and Forecast
        • Table CCGT Turbine Market in Nigeria (MW)
        • Table Top Active Thermal Power Plants with CCGT in Nigeria (MW)
        • Table Top Upcoming Thermal Power Plants with CCGT in Nigeria (MW)
        • Table CCGT: Process Lifecycle
    • Turbine Market in Nigeria by Company
      • Table Turbine Market by Power Companies 2014
      • Table Turbine Market by Power Companies in 2019
      • Table Top Thermal Power Plants from Private Power Companies in Nigeria (MW)
  • Buying Criteria
  • Market Growth Drivers
    • Table Oil and Natural Gas Reserves in Nigeria 2010-2014
  • Drivers and their Impact
  • Market Challenges
  • Impact of Drivers and Challenges
  • Market Trends
    • Table Kogi Coal-fired Power Plant: First Phase by Year Online
  • Trends and their Impact
  • Vendor Landscape
    • Competitive Scenario
      • Key Vendor Snapshot
      • Key News
    • Other Prominent Vendors
  • Key Vendor Analysis
    • Alstom Power
      • Key Facts
      • Business Overview
      • Key Solutions
        • Table Alstom Power: Key Solutions
      • Geographical Presence
        • Table Alstom Power: Geographical Presence
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • General Electric
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2014
        • Table General Electric: Business Segmentation by Revenue 2014
      • Business Segmentation by Revenue 2013 and 2014
        • Table General Electric: Business Segmentation by Revenue 2013 and 2014 ($billion)
      • Geographical Segmentation by Revenue 2014
        • Table General Electric: Geographical Segmentation by Revenue 2014
      • Business strategy
      • Recent Developments
      • SWOT Analysis
    • Harbin Turbine
      • Key Facts
      • Business Overview
      • Recent Developments
      • SWOT Analysis
    • Hitachi
      • Key Facts
      • Business Overview
      • Product Segmentation
        • Table Hitachi: Product Segmentation
      • Key Applications
        • Table Hitachi: Key Applications
      • Geographical Presence
        • Table Hitachi: Geographical Presence
      • SWOT Analysis
    • Siemens Energy
      • Key Facts
      • Business Overview
      • Business Segmentation
        • Table Business Segmentation of Siemens Energy 2013
        • Table Business Segmentation of Siemens Energy by Revenue 2012 and 2013 ($ billions)
      • Geographical Segmentation
        • Table Geographical Segmentation of Siemens Energy by Revenue 2013
      • Business Strategy
      • Key Information
      • SWOT Analysis
  • Other Reports in this Series

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