325 Views

Nigeria Uninterruptible Power Supply To Reach 4.7% In 2024

Nigeria Vision 20:2020 is set to be a major development plan for the country to accelerate growth of commercial and industrial sectors over the coming years.

Further, vision 20:2020 aims to achieve stability in social infrastructure, energy sector, small and medium enterprises as well as manufacturing sector and government services of the country. These initiatives would offer several opportunities in the commercial and industrial sectors of the country over the coming years.

This would strengthen the market for UPS systems in Nigeria as these systems are required to provide seamless power support in such segments.

According to 6Wresearch, Nigeria Uninterruptible Power Supply (UPS) Systems Market revenues are projected to grow at a CAGR of 4.7% during 2018-24. Growing investment in IT industry to increase the internet penetration along with rising confidence of investors in the economy would benefit the UPS market in the country over the coming years.

Additionally, the industrial sector of the country is expected to register substantial growth during the forecast period on account of Nigeria Economic Recovery and Growth Plan. These factors would boost the demand for UPS systems in the country.

Ravi Bhandari, Assistant Manager, Research and Consulting, 6Wresearch said, “The Nigerian government is planning to accelerate the growth of the country’s economy under the Nigeria Economic Recovery and Growth Plan (ERGP). As a result, private and public sectors of the country would register heavy investment along with introducing large number of development plans aimed at making the country economically stable. Moreover, the commercial and industrial sectors are anticipated to grow, leading to more number of manufacturing hubs, hospitals, hotels, and transportation infrastructure in the country. Subsequently, the demand for UPS systems would also be affected positively by these developments over the coming years.”

Priya Sharma, Research Associate, Research and Consulting, 6Wresearch added, “Nigeria has only 57.6% of electricity access and various regions of the country suffers from power outages and fluctuations during daily events. Voltage dips caused by short circuits, start-up of a large load, and cases of over-voltages are common in Nigeria. These problems impacts banking sector, data centers, hospitals and military operations where even small interruption can lead to a major loss. To reduce the occurrence of such losses, the UPS systems would be required for seamless functioning and the market is expected to grow further over the coming years with rising commercial and industrial activities in the region.”

ALSO READ  How to create jobs from ceramics manufacturing

“In Nigeria below 20 kVA, rated UPS systems are under major demand from commercial and residential sectors. Where it is required to operate electronic items such as CCTV, televisions, computer systems, and elevators. Growing commercial sector and increase in adoption of electronic devices in households would further spur the demand for below 20 KVA rated UPS systems in the country.” Priya further added.

Some of the key players in Nigeria Uninterruptible Power Supply (UPS) Systems Market include- Kobian Pte Ltd, BLUE GATE World, Vertiv Co., Huawei Technologies Co., Ltd., Schneider Electric SE, ABB Ltd., Legrand SA, Socomec West Africa, Eaton Corporation Plc and RPS S.p.A.

“Nigeria Uninterruptible Power Supply (UPS) Systems Market (2018-2024)” provides in-depth analysis with 69 figures and 34 tables covered in more than 154 pages. The report estimates and forecast the overall Uninterruptible Power Supply (UPS) Systems Market by revenues, KVA rating, regions and applications such as commercial, industrial and residential. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Leave a Comment

Your email address will not be published.

Latest Posts

Nigerian Historians And Their Contributions To Modern Arts And Cultural Preservation
Art, History and Culture
24 views
Art, History and Culture
24 views

Nigerian Historians And Their Contributions To Modern Arts And Cultural Preservation

PH - May 21, 2018

Rev. Samuel Johnson (24 June 1846 – 29 April 1901) He was an Anglican priest and historian of the Yorubas. Born a recaptive 'Creole' in Freetown, Sierra…

Obasanjo’s New Party, ADC Speaks On What Will Happen In 2019
Best of Nigeria
26 views
Best of Nigeria
26 views

Obasanjo’s New Party, ADC Speaks On What Will Happen In 2019

MT - May 21, 2018

Stakeholders of African Democratic Congress, ADC, on Sunday, expressed delight at the adoption of the party by former President, Olusegun Obasanjo’s Coalition of National Movement, CNM. Reacting to…

Meet Jahman Anikulapo, One of AMFEST EXPO Lagos 2018 Keynote Speakers
Entertainment
29 views
Entertainment
29 views

Meet Jahman Anikulapo, One of AMFEST EXPO Lagos 2018 Keynote Speakers

PH - May 21, 2018

The “AMFEST EXPO” LAGOS 2018 is a 5-day Business-2-business event packed with Conferences, Showcase Festivals and Exhibitions. It is the largest creative business networking platform in Africa…

Meet Ropo Ewenla, One of AMFEST EXPO Lagos 2018 Keynote Speakers
Entertainment
27 views
Entertainment
27 views

Meet Ropo Ewenla, One of AMFEST EXPO Lagos 2018 Keynote Speakers

PH - May 21, 2018

The “AMFEST EXPO” LAGOS 2018 is a 5-day Business-2-business event packed with Conferences, Showcase Festivals and Exhibitions. It is the largest creative business networking platform in Africa…

Meet 11-Year-Old Carl Adebare Adekola, The First Nigerian To Sing At Royal Wedding (Photo)
Best of Nigeria
28 views
Best of Nigeria
28 views

Meet 11-Year-Old Carl Adebare Adekola, The First Nigerian To Sing At Royal Wedding (Photo)

MT - May 21, 2018

11-yr-old Carl Adebare Adekola, a member of St Thomas of Canterbury in Grays, has broken records to become the first Nigerian to sing at the Royal wedding.…

Buhari Government Spent N1.3trn On Infrastructural Projects In 2 years – Lai Mohammed
Best of Nigeria
23 views
Best of Nigeria
23 views

Buhari Government Spent N1.3trn On Infrastructural Projects In 2 years – Lai Mohammed

MT - May 21, 2018

Minister of Information, Lai Mohammed, has stated that the Buhari government had spent N1.3 trillion on infrastructural projects nationwide since 2016. Minister of Information, Lai Mohammed, has…

How Saraki Betrayed Me, I Regret Supporting Him, Says Ali Ndume
Buzz & Trends
31 views
Buzz & Trends
31 views

How Saraki Betrayed Me, I Regret Supporting Him, Says Ali Ndume

MT - May 21, 2018

The Senator representing Borno south, Ali Ndume, has said he regrets supporting Bukola Saraki to emerge as Senate President. Ndume made this statement while speaking on Hard…

See How Rochas Okorocha Welcomed His Wife On Return From America. (Photos)
Politics
37 views
Politics
37 views

See How Rochas Okorocha Welcomed His Wife On Return From America. (Photos)

MT - May 21, 2018

Imo state governor, Rochas Okorocha was visibly excited on his wife’s return from the United States yesterday. The Imo First Lady, Nneoma Nkechinyere Rochas Okorocha has been…

Fani Kayode Speaks On Dumping PDP For SDP
Politics
31 views
Politics
31 views

Fani Kayode Speaks On Dumping PDP For SDP

MT - May 21, 2018

Femi Fani-Kayode, former Aviation Minister has reacted to reports that he has dumped the Peoples Democratic Party, PDP, for Social Democratic Party (SDP). Reports on Sunday had…

Dino Melaye Reveals What He Will Continue To Do Dead Or Alive
Buzz & Trends
37 views
Buzz & Trends
37 views

Dino Melaye Reveals What He Will Continue To Do Dead Or Alive

MT - May 21, 2018

Dino Melaye, Senator representing Kogi West, on Monday declared that he remains unmoved in his resolve to always speak against, “oppression and injustice” under the current administration.…

Lagos Monthly IGR Now Stands At N34bn
Business
35 views
Business
35 views

Lagos Monthly IGR Now Stands At N34bn

PH - May 21, 2018

The Lagos State Government on Monday said that it has so far achieved an average monthly Internally Generated Revenue (IGR) of N34billion in 2018 compared to monthly…

Lalong Reveals True Nature Of Buhari’s Anti-graft War
Buzz & Trends
30 views
Buzz & Trends
30 views

Lalong Reveals True Nature Of Buhari’s Anti-graft War

MT - May 21, 2018

Governor Simon Lalong of Plateau State has said that President Muhammadu Buhari is not vindictive on the fight against corruption but determined to recover all looted funds…

2018 Citi Nigeria Summer Internship Programme for young Nigerian Undergraduates
Job & Career
26 views
Job & Career
26 views

2018 Citi Nigeria Summer Internship Programme for young Nigerian Undergraduates

PH - May 21, 2018

Application Deadline: May 29th 2018 Citi, a leading global finance company, is looking for young, bright and intelligent undergraduates to join its 2018 summer internship programme in…

Guaranty Trust Bank Internship Programme 2018 for young Nigerians
Job & Career
34 views
Job & Career
34 views

Guaranty Trust Bank Internship Programme 2018 for young Nigerians

PH - May 21, 2018

At Guaranty Trust Bank, emphasis is placed on growing talents. We offer internship opportunities for students and graduates to learn from a world-class organization. Our internship programmes…

Olisa Metuh Passes Out In Court, Nigerians Say He Was Acting
Buzz & Trends
30 views
Buzz & Trends
30 views

Olisa Metuh Passes Out In Court, Nigerians Say He Was Acting

MT - May 21, 2018

A former spokesperson of the Peoples Democratic Party, Olisa Metuh, collapsed at a federal high court in Abuja on Monday morning. Mr Metuh was in court for the…

Citi’s post-graduate summer internship programme 2018 for young Nigerian graduates
Job & Career
30 views
Job & Career
30 views

Citi’s post-graduate summer internship programme 2018 for young Nigerian graduates

PH - May 21, 2018

Application Deadline: May 29th 2018 Primary Location: Nigeria Education: Master’s Degree Job Function: Research Schedule: Full-time Shift: Day Job Employee Status: Regular Travel Time: No Job ID:…

Popular Traditional Arts And Crafts In Nigeria
Art, History and Culture
35 views
Art, History and Culture
35 views

Popular Traditional Arts And Crafts In Nigeria

PH - May 21, 2018

Nigerian culture is demonstrated through art, dance, literature, folklore, and music. Crafts are symbols of Nigeria’s material and spiritual heritage. Crafts are well integrated into the living…

Major Causes of Unemployment In Nigeria
General
37 views
General
37 views

Major Causes of Unemployment In Nigeria

PH - May 21, 2018

Unemployment is one of the major issues affecting Nigeria’s economy and its society. The rate of unemployment has increased during last few years due the fallout from…

Loading...