Nigeria Air Conditioner

Market Analysis, 2020

marknteladvisors.com
Document Outline

Introduction
02
About Us, Key Questions Answered In This Study

Table of Content 05
Market Segmentation, Scope of Work

Research Process & Methodology

Primary Research, Secondary Research, Companies Interviewed, Respondent Profile, Research 14
Methodology, Forecasting

Sample Pages 22
Nigeria Air Conditioner Market Analysis, 2020

Commercials 44

Disclaimer 47

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Market Segmentation

Nigeria Air Conditioner Market

By Type By Application By Region

• Window AC • Region 1
• Residential
• Split AC • Region 2
• 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

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 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)

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 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

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 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

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 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

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 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

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 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

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 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

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Document Outline

Introduction
02
About Us, Key Questions Answered In This Study

Table of Content 05
Market Segmentation, Scope Of Work

Research Process & Methodology

Primary Research, Secondary Research, Companies Interviewed, Respondent Profile, Research 14
Methodology, Forecasting

Sample Pages 22
Nigeria Air Conditioner Market Analysis, 2020

Commercials 45

Disclaimer 47

Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved. 11

 Nigeria Air Conditioners Industry Analysis, 2015-2025F

Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

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.

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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 projects are 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.

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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

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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:
Oil & Gas USD XXX Healthcare
Million
2019 2025 2019 2025

XX% XX% XX% XX%

Hospitality Government &

Transportation

2019 2025 2019 2025

XX% XX% XX% XX%

Source: MarkNtel Advisors

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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% Revenue: XX%

Volume: 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.

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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

2019 1.5 Ton 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

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 Nigeria Air Conditioners Industry Competition Outlook

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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 XXXXXXXXXX

making 3 XXXXXXX
parameters

XXXXXX
4 XXXXXXX

XXXX
5 XXXXXX

Source: MarkNtel Advisors

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Competition Benchmarking

Table 5: Competition Benchmarking, By Product, Brand Specialization, End Users, R&D, Strategic Alliance, Strategic Initiative

Brand Strategic
Company Product End Users R&D Strategic Alliance
Specialization Initiative

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

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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.

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