Please Wait.....
Report
Nigeria Power EPC - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)
Market Report I 2025-04-28 I 95 Pages I Mordor Intelligence
The Nigeria Power EPC Market is expected to register a CAGR of greater than 4% during the forecast period.
In 2020, COVID-19 negatively impacted the market. Presently, the market is expected to reach pre-pandemic levels.
Key Highlights
- Over the medium term, supportive government policies and increasing investments in the power sector are expected to drive the market.
- On the other hand, geopolitical tensions and the high fiscal deficit, coupled with a high inflation rate, are expected to negatively impact the Nigerian power EPC market in the short term.
Nevertheless, emerging markets such as distributed power generation, smart grids, and energy storage are expected to create ample opportunities for the players in the near future.
Nigeria Power EPC Market Trends
Thermal Power to Dominate the Market
- Nigeria is one of the biggest economies on the African continent, with approximately USD 440.78 billion in GDP recorded in 2021. However, the country's power sector is performing below the level of its peer countries. As of 2021, roughly 40% of the population has no access to grid-connected electricity, and those connected to the grid suffer extensive power outages.
- Thermal energy generating sources are one of the major electricity generation sources in the country. The country's significant gas potential is expected to aid in the growth of thermal energy sources during the medium term.
- As the government aims to remedy the country's energy crisis, gas is the preferred energy source because of its high efficiency in energy generation, relatively low per-unit cost, and low carbon emissions. Due to this, the country has depended on natural gas as the primary fuel for energy generation, with other sources playing a secondary role.
- For instance, in March 2023, a 50 MW gas-fired power plant was commissioned in the Maiduguri region to provide access to electricity to the people living in the region.
- Furthermore, with the increasing population, the country's electricity demand is also increasing. To match those demands, the government is expected to increase the deployment of thermal energy sources, as they are relatively cheaper to build and operate.
- In 2021, the total electricity generation capacity in the country was 36,397.2 GWh, an increase of 2% compared to last year.
- Therefore, due to the above mentioned points, the thermal segment is expected to dominate during the forecasted period.
Increasing Adaption of Solar Energy to Drive the Market
- Nigeria is located in the tropics and gets a lot of solar radiation all year. As a result, the nation has a significant potential for solar energy.
- The solar potential is especially high in the northern and northeastern parts of the country, which border the desert regions. Moreover, as these regions have low connectivity to the national grid due to low population densities and harsh weather conditions, which degrade transmission infrastructure, this provides a significant incentive for installing decentralized solar assets to provide electricity to a substantial share of the population living in these provinces.
- According to SolarGIS, in southern Nigeria, solar energy potential varies from 3.5-5 kWh/m2/day. At the same time, most of northern and northeastern Nigeria receive an average of more than 5.5 kWh/m2/day of solar radiation.
- Moreover, according to the International Renewable Energy Agency, solar energy installation in the region has been observing steady growth in recent years. In 2022, the installed solar energy capacity in the country was 37 MW, which was an increase of 12% compared to 2021.
- In February 2023, Rensource Energy, one of Nigeria's fastest-growing off-grid renewable energy EPC companies, revealed the signing of several projects in the nation, including 1.4 MW of solar energy. Rensource intends to build on the new projects as soon as possible this year. The projects will include battery energy storage systems that vary in size from 300 kWp to 700 kWp. This reflects a strong demand for sustainable and affordable electricity in Nigeria.
- Therefore, due to the above-mentioned points, the adaptation of solar energy is expected to increase the Nigerian power EPC market in the country.
Nigeria Power EPC Industry Overview
The Nigerian power EPC market is moderately consolidated. Some of the major players in the market (in no particular order) include Gentec EPC Ltd, Andritz AG, Alten Energias Renovables, Energo Nigeria Ltd, and JuNeng Nig Ltd., among others.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, until 2028
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 PESTLE Analysis
5 MARKET SEGMENTATION
5.1 Power Generation
5.1.1 Thermal
5.1.2 Renewables
5.1.3 Other Power Generation Sources
5.2 Power Transmission and Distribution (T&D) - (Qualitative Analysis Only)
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Energo Nigeria Ltd.
6.3.2 Andritz AG
6.3.3 Sinohydro
6.3.4 JuNeng Nig Ltd.
6.3.5 Gentec Epc Ltd
6.3.6 Alten Energias Renovables
6.3.7 Sterling and Wilson Nigeria Limited
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security