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Nigeria Solar Hybrid Power System Market Outlook (2021-2027): 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)

Nigeria Solar Hybrid Power System Market Outlook (2021-2027): 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)

Nigeria Solar Hybrid Power System Market report thoroughly covers market by system types, power ratings, end users, regions. The market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Nigeria Solar Hybrid Power System Market Synopsis
Nigeria solar hybrid power system market grew significantly during 2017 to 2019 on the back of Nigeria inadequate grid infrastructure due to which there was a lack of adequate power supply that resulted in over $25 billion annual losses to Nigeria’s economy, which is approximately 6% of its GDP. Therefore, Nigeria needs to install solar hybrid power system as the backup supply option or primary source to address the power requirements. In year 2020, Nigeria’s maximum available capacity on the grid is 5.4GW per annum whereas consumption needs were averaging 12.9 GW per annum, and this gap of capacity and demand would drive the market of solar hybrid systems in Nigeria.

Nigeria solar hybrid power system market witnessed modest decline in 2020 on the back of COVID 19 pandemic as Nigeria solar hybrid power system market is import driven, pandemic resulted in slowdown of product’s growth due to the disrupted supply chain, causing unavailability of raw materials owing to lockdown measures adopted to curb the spread of the virus, which in turn led to a decline in revenues of the product during pandemic. Although, with the gradual upliftment of lockdown restrictions, sales of solar hybrid power system begun to get back on track as operations and production resumed, which led market back to its growth trajectory.

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.

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. solar-diesel hybrid power systems accounted for the major market revenue share in 2020 owing to Nigeria’s high PV output power and easy availability of diesel whereas wind energy is not much viable in Nigeria. Furthermore, diesel generator high operation cost and pollution caused by it are driving the consumers to shift towards the cleaner and greener energy source such as solar hybrid power systems who have lower operational cost.

Market by End Users Analysis
In terms of end users, commercial segment has captured 41.2% of the market revenue share in 2020. Commercial and industrial segment accounted for maximum market revenue share as these verticals face high energy costs due to the use of diesel generators as an emergency power supply to compensate for supply shortages. Off-grid solar hybrid power systems provide low-cost and serve as a clean alternative for the commercial and industrial sectors to meet their energy requirements.

Key Attractiveness of the Report
COVID-19 Impact on the Market.
10 Years Market Numbers.
Historical Data Starting from 2017 to 2020.
Base Year: 2020
Forecast Data until 2027.
Key Performance Indicators Impacting the Market.
Major Upcoming Developments and Projects.

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
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 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.
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 Regions, for the Period 2017-2027F.
Market Drivers and Restraints
Market Trends and Evolution
Industry Life Cycle
Porter’s Five Force Analysis
Market Opportunity Assessment
Nigeria Solar Hybrid Power System Market Ranking, By Companies
Competitive Benchmarking
Company Profiles
Key Strategic Recommendations

Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:

By System Types
Solar-Diesel
Solar-Wind
Solar-Wind-Diesel

By Power Ratings
Upto 10kW
1-100kW
Above 100kW

By End Users
Residential
Commercial
Telecom
Utility
Industrial

By Regions
North-Eastern Region
North-Western Region
Central Region
South-Eastern Region
South-Western Region
Table of Contents

1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. Nigeria Solar Hybrid Power System Market Overview
3.1 Nigeria Solar Hybrid Power System Market Revenues, 2017-2027F
3.2 Nigeria Solar Hybrid Power System Market Industry Life Cycle
3.3 Nigeria Solar Hybrid Power System Market Porter’s Five Forces Model
3.4 Impact Analysis of COVID-19 on Nigeria Solar Hybrid Power System Market
3.5 Nigeria Solar Hybrid Power System Market Revenue Share, By System Types, 2020 & 2027F
3.6 Nigeria Solar Hybrid Power System Market Revenue Share, By Power Ratings, 2020 & 2027F
3.7 Nigeria Solar Hybrid Power System Market Revenue Share, By End Users, 2020 & 2027F
3.8 Nigeria Solar Hybrid Power System Market Revenue Share, By Regions, 2020 & 2027F
4. Nigeria Solar Hybrid Power System Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5. Nigeria Solar Hybrid Power System Market Trends
6. Nigeria Solar Hybrid Power System Market Overview, By System Types
6.1 Nigeria Solar Hybrid Power System Market Revenues, By Solar Diesel, 2017-2027F
6.2 Nigeria Solar Hybrid Power System Market Revenues, By Solar Wind, 2017-2027F
6.3 Nigeria Solar Hybrid Power System Market Revenues, By Solar Wind Diesel, 2017-2027F
7. Nigeria Solar Hybrid Power System Market Overview, By Power Ratings
7.1 Nigeria Solar Hybrid Power System Market Revenues, By Upto 10kW, 2017-2027F
7.2 Nigeria Solar Hybrid Power System Market Revenues, By 10.1-100kW, 2017-2027F
7.3 Nigeria Solar Hybrid Power System Market Revenues, By Above 100kW, 2017-2027F
8. Nigeria Solar Hybrid Power System Market Overview, By End Users
8.1 Nigeria Solar Hybrid Power System Market Revenues, By Residential, 2017-2027F
8.2 Nigeria Solar Hybrid Power System Market Revenues, By Commercial, 2017-2027F
8.3 Nigeria Solar Hybrid Power System Market Revenues, By Telecom, 2017-2027F
8.4 Nigeria Solar Hybrid Power System Market Revenues, By Utility, 2017-2027F
8.5 Nigeria Solar Hybrid Power System Market Revenues, By Industrial, 2017-2027F
8.6 Nigeria Solar Hybrid Power System Market Revenues, By Others, 2017-2027F
9. Nigeria Solar Hybrid Power System Market Overview, By Regions
9.1 Nigeria Solar Hybrid Power System Market Revenues, By North-Eastern Region, 2017-2027F
9.2 Nigeria Solar Hybrid Power System Market Revenues, By North-Western Region, 2017-2027F
9.3 Nigeria Solar Hybrid Power System Market Revenues, By Central Region, 2017-2027F
9.4 Nigeria Solar Hybrid Power System Market Revenues, By South-Eastern Region, 2017-2027F
9.5 Nigeria Solar Hybrid Power System Market Revenues, By South-Western Region, 2017-2027F
10. Nigeria Solar Hybrid Power System Market Key Performance Indicators
11. Nigeria Solar Hybrid Power System Market Opportunity Assessment
11.1 Nigeria Solar Hybrid Power System Market Opportunity Assessment, By System Types, 2027F
11.2 Nigeria Solar Hybrid Power System Market Opportunity Assessment, By End Users, 2027F
11.3 Nigeria Solar Hybrid Power System Market Opportunity Assessment, By Power Ratings, 2027F
11.4 Nigeria Solar Hybrid Power System Market Opportunity Assessment, By Regions, 2027F
12. Nigeria Solar Hybrid Power System Market Competitive Landscape
12.1 Nigeria Solar Hybrid Power System Market Revenue Share Ranking, By Companies, 2020
12.2 Nigeria Solar Hybrid Power System Market Competitive Benchmarking, By Technical Parameters
12.3 Nigeria Solar Hybrid Power System Market Competitive Benchmarking, By Operating Parameters
13. Company Profiles
13.1 ZTE Nigeria Limited
13.2 Huawei Technologies Company (Nigeria) Limited
13.3 SMA Solar Technology AG
13.4 Siemens AG
13.5 Flexenclosure AB
13.6 Husk Power Systems, Inc.
13.7 Sunhive Ltd.
13.8 Havenhill Synergy Limited
13.9 Rubitec Nigeria Ltd.
13.10 Starsight Power Utility Ltd.
13.11 Daystar Power Solutions Ltd.
13.12 Victron Energy B.V.
14. Key Strategic Recommendations
15. Disclaimer

List of Figures
Figure 1. Nigeria Solar Hybrid Power System Market Revenues and Volume, 2017-2027F ($ Million)
Figure 2. Nigeria Solar Hybrid Power System Market Revenue Share, By System Types, 2020 & 2027F
Figure 3. Nigeria Solar Hybrid Power System Market Revenue Share, By Power Rating, 2020 & 2027F
Figure 4. Nigeria Solar Hybrid Power System Market Revenue Share, By End Users , 2020 & 2027F
Figure 5. Nigeria Solar Hybrid Power System Market Revenue Share, By Regions, 2020 & 2027F
Figure 6. Access to Electricity to Nigeria’s Population, 2013-2019 (% of population)
Figure 7. Nigeria’s population connectivity to national grid, 2020 (% of population)
Figure 8. Nigeria’s Percentage of different grids, 2020 (%)
Figure 9. Nigeria’s Industrial Sector (including construction) GDP share, 2013-2020 (% of total)
Figure 10. Nigeria contribution of Telecom industry to GDP, Q1 2019- Q2 2021 (%)
Figure 11. Nigeria Manufacturing Sector, 2017-2020 (%)
Figure 12. Nigeria’s Mining and Quarrying Sector, Q4 2019-Q1 2020 (%)
Figure 13. Nigeria’s Metal Ores, 2017-2020 (%)
Figure 14. Nigeria’s Hotel Room Revenue, 2016-2021E (% of Total)
Figure 15. Available Rooms in Nigeria, 2016-2021E (Thousands)
Figure 16. Nigeria’s Contribution of Oil and Gas Sector to GDP, 2019-2021 (% of total)
Figure 17. Nigeria’s Contraction of Oil Refining, Q1 2019-Q42020 (%)
Figure 18. Nigeria Solar Hybrid Power System Market Opportunity Assessment, By System Types, 2027F
Figure 19. Nigeria Industrial Solar Hybrid Power System Market Opportunity Assessment, By Power Ratings, 2027F
Figure 20. Nigeria Industrial Solar Hybrid Power System Market Opportunity Assessment, By End Users, 2027F
Figure 21. Nigeria Industrial Solar Hybrid Power System Market Opportunity Assessment, By Regions, 2027F
Figure 22. Nigeria Solar Hybrid Power System Market Volume Share, By Companies, 2020
Figure 23. Nigeria Solar Hybrid Power System Market Future Opportunities

List of Tables
Table 1. Nigeria Major Ongoing Construction Projects, 2022-2023
Table 2. Nigeria Solar Hybrid Power System Market Revenues, By System Types, 2017-2027F ($ Million)
Table 3. Nigeria Solar Hybrid Power System Market Revenues, By Power Ratings, 2017-2027F ($ Million)
Table 4. Nigeria Solar Hybrid Power System Market Revenues, By End Users, 2017-2027F ($ Million)
Table 5. Nigeria Solar Hybrid Power System Market Revenues, By Regions, 2017-2027F ($ Million)
Table 6. Nigeria Solar Hybrid Power Projects Commissioned in South-West and Central Region

Report Title: Nigeria Solar Hybrid Power System Market Outlook (2021-2027): 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)


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