Turbine Market in Nigeria 2015-2019

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Turbine Market in Nigeria 2015-2019

The report discusses the following in-depth:

• Market Size and Forecast

• Market Segmentation

• Buying Criteria

• Vendor Landscape

• Business Segmentation

• Geographical Segmentation

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Key Trends

Technavio’s Senior Analyst says, “Nigeria is propelling the demand for thermal installations. The country has the largest natural gas reserve in Africa, which ensures sufficient fuel supply for thermal power plant operations. The installation of turbines has also increased with the rising demand for electricity generation.”

• 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.

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

• Understanding the key drivers influencing the market

• Understanding the challenges faced by the market

• Activities of various stakeholders involved

• Key focus areas for the vendors

• Major trends that will shape the future of this market

• Vendor landscape and trajectory of the market

• Conclusion

Scope of The Report

A detailed analysis of each market driver, challenge

and trend isavailable in our report:

Turbine Market in Nigeria 2015-2019

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Vendors

To understand the vendor landscape and

for a full list of vendors view our

report:

Turbine Market in Nigeria 2015-2019

Alstom Power

General Electric

Hitachi

Alstom Power was founded in 1999 and is headquartered in Windsor, Connecticut, US. It is a power generation company that designs, manufactures, procures, constructs, and services clean technologies to generate electricity. The company provides key equipment for two of the largest hydropower plants in the world.

General Electric was established in1892 and is headquartered in Fairfield, Connecticut, US. It offers infrastructure, healthcare, and financial services. The company operates through 100 subsidiaries to serve customers in more than 170 countries.

Hitachi was established in 2001and is headquartered in Chiyoda-ku, Tokyo, Japan. The company is engaged in the manufacturing, sales, and servicing of industrial components and equipment. Its products are used in buildings, environmental systems, manufacturing systems, and entertainment purposes.

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Market Landscape

• Nigeria is one of the largest economies in Africa with a population of over 160 million.

• Power demand in Nigeria is constantly increasing owing to the country's growing economy and rising population.

• Power generation in the country has increased manifold since 2010, catering to its growing power demand.

• Owing to the huge availability of gas, a major portion of the country's power generation can be attributed to gas-fired power plants.

• However, a lack of overall power supply, constant power outages, and an inadequate power supply from PHCN are causing severe economic damage.

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Key Buying Criteria

Parameter Details

Cost The turbines should be available at low cost.

Efficiency The turbines should have the ability to provide optimal output with minimal fuel consumption.

Maintenance The vendors offering the turbines should provide continuous after-sales services to customers.

Reliability The turbines should have the ability to perform without any interruption for long duration.

• Growth Forecasts?

• Market Analysis?

• Revenue Forecasts?

• Regional and Country level Analysis?

• Competitive Structure?

• Emerging Trends?

• Vendor Landscape?

• Other?

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Turbine Market in Nigeria 2015-2019

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