By System Types (Solar-Diesel, Solar-Wind, Solar-Wind-Diesel), By Power Ratings (Upto 10kW, 10.1-100kW, Above 100kW), By End Users (Residential, Commercial, Telecom, Utility, Industrial), By Regions (North-Eastern Region, North-Western Region, Central RegionSouth-Eastern Region, South-Western Region)
According to 6Wresearch, Nigeria Solar Hybrid Power System Market revenue size is projected to grow at a CAGR of 9.6% during 2021-2027. The demand for solar hybrid power system increased on account of government initiative to increase electrification in the country such as Rural Electrification Agency plans to install 10,000 mini grids by 2023 and set up hybrid solar projects for seven universities in Nigeria. Additionally, to support Nigeria’s climate change obligations under the Paris Agreement, with respect to promoting renewable and reducing carbon emissions, is driving the solar hybrid power system market in country.
Nigeria's solar hybrid power system market flourished significantly from 2017 to 2019 as a result of Nigeria rising demand for power consumption needs which are unmet due to Nigeria poor grids and transmission line which cause power losses frequently. As a result, 74% of the energy consumed in Nigeria in 2019 came from generators which have high operational cost. Further, rise in demand for power from commercial and industry segment due to significate growth in these segments have propelled the demand for solar hybrid power system in the country.
Get Sample Report : https://www.6wresearch.com/press-release/nigeria-solar-hybrid-power-system-market-revenue-size-is-projected-to-grow-at-a-cagr-of-96-during-2021-2027
Market by System Types Analysis
In terms of system types, solar-diesel hybrid power system has captured 84.3% of the market revenue in 2020.
Key Highlights of the Report
Nigeria Solar Hybrid Power System Market Overview
Nigeria Solar Hybrid Power System Market Outlook
Nigeria Solar Hybrid Power System Market Forecast
Market Drivers and Restraints
Market Trends and Evolution
Market Opportunity Assessment
Industry Life Cycle
Company Profiles
Key Strategic Recommendations
Porter’s Five Force Analysis
Nigeria Solar Hybrid Power System Market Ranking, By Companies
Competitive Benchmarking
Historical Data and Forecast of Nigeria Solar Hybrid Power System Market Revenues, for the Period 2017-2027F.
Historical Market Data and Forecast of Nigeria Solar Hybrid Power System Market Revenues, By Regions, for the Period 2017-2027F.
Historical Market Data and Forecast of Nigeria Solar Hybrid Power System Market Revenues, By End Users, for the Period 2017-2027F.
Historical Market Data and Forecast of Nigeria Solar Hybrid Power System Market Revenues, By System Types, for the Period 2017-2027F.
Historical Market Data and Forecast of Nigeria Solar Hybrid Power System Market Revenues, By Power Ratings, for the Period 2017-2027F.
About Us-
6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.
Contact Us: Phone: +911143024305 | Email Id: sales@6wresearch.com