• Big Story
  • News
    • News
    • Consumer Technology
    • Market Updates
    • Technology Insights
  • Interviews
  • Opinion
  • Digital Transformation Series
  • Special Reports
    • MWC Africa
    • Nigeria 5G Spectrum Auction
Friday, June 13, 2025
  • Login
  • Register
Technology Times | Latest and Breaking Nigeria Tech News
No Result
View All Result
Technology Times | Latest and Breaking Nigeria Tech News
No Result
View All Result
Technology Times | Latest and Breaking Nigeria Tech News
No Result
View All Result
Your text

Nigeria power cuts driving diesel generator sales to $41billion by 2018, forecast says

Technology Times StaffbyTechnology Times Staff
27/06/2013
in Market Updates, News
Reading Time: 2 mins read
1 0
A A
0
ADVERTISEMENT

 

By TECHNOLOGY TIMES Reporter

According to a recent report from Navigant Research, worldwide revenue from diesel gensets will reach $41.2 billion by 2018 driven largely by Nigeria, India, Chile, South Africa, and other economies where diesel genset sales continue to boom.
According to a recent report from Navigant Research, worldwide revenue from diesel gensets will reach $41.2 billion by 2018 driven largely by Nigeria, India, Chile, South Africa, and other economies where diesel genset sales continue to boom.

Lagos. June 27, 2013: A new forecast says that Nigeria and several other countries suffering electricity power problems are expected to continue to drive diesel generator sets sales projected to be a $41.2 billion revenue earner by 2018.

According to a recent report from Navigant Research, worldwide revenue from diesel gensets will reach $41.2 billion by 2018 driven largely by Nigeria, India, Chile, South Africa, and other economies where diesel genset sales continue to boom.

As a source of continuous or prime power, diesel generator sets (gensets) have historically been the leading baseload distributed generation (DG) technology, particularly during power blackouts, says the report.

Navigant cites that one of the least expensive, most reliable DG technologies available today, diesel gensets have expanding opportunities among homeowners and commercial facilities like hospitals and data centers that require mission-critical power in the event of a grid outage.

Related Articles

Nigeria begins trailblazing drone-powered digital twin mapping

Nigeria tops West Africa’s telecoms market with 169 million

Nigeria Customs eyes tech-driven system to boost trade

Data Theft: Nigeria’s ngCERT warns of zimbra email vulnerability

Nigeria, Italy deepen tech ties in innovation push

Nigeria hosts global summit on submarine cable resilience

To drive industrial growth, Nigeria taps tech ‘to address data gaps’

‘EEDC BOT,’ self-service app goes live for electricity customers in Enugu

Nigeria loses ₦10 trillion yearly to ‘unreliable electricity’, GET.invest says

President’s aide: FG not planning 65% electricity tariff increase

According to the report, “although providers of diesel gensets can expect to see continued growth over the next several years, they face rising competition from natural gas gensets.”

Dexter Gauntlett, research analyst with Navigant Research says that, “although providers of diesel gensets can expect to see continued growth over the next several years, they face rising competition from natural gas gensets.”

According to him, “over the next decade, the increase in unconventional gas resources and tightening emissions regulations for stationary generators will favor clean-burning natural gas systems over their diesel counterparts in North America.”

These developments, however, will take time to fully materialize, according to the report. In the short term, countries with strong economic and/or population growth rates that are increasingly burdened by blackouts, such as Nigeria, India, Chile, South Africa, and others, continue to drive diesel genset sales.

Industries in India, for example, have become highly dependent on diesel due to power outages spanning as much as 16 hours per day, making them more vulnerable to price volatility.

The report, “Diesel Generator Sets”, analyses the global market potential for diesel gensets, from less than 15 kilowatts to 6 megawatts, for residential, commercial, and industrial applications.

The study includes in-depth assessments of global regions for capacity installations, an analysis of global gas resource development, and profiles of the key industry players engaged in this market. Worldwide market forecasts are provided through 2018 for annual installations and revenue, segmented by region and by power class. 

Tags: electricity in NigeriaNavigant ResearchNigeria
Share19Tweet12Share3SendShare
Technology Times Staff

Technology Times Staff

Technology Times Staff https://technologytimes.ng/

Related Articles

nigeria-begins-drone-powered-digital-mapping
News

Nigeria begins trailblazing drone-powered digital twin mapping

byIretomiwa Balogun
07/04/2025
nigeria-leads-west-africas-telecoms-market-2024
News

Nigeria tops West Africa’s telecoms market with 169 million

byOladapo Riliwan
27/03/2025
nigeria-customs-eyes-tech-driven-system
News

Nigeria Customs eyes tech-driven system to boost trade

byFejiro Awowede
12/03/2025
nigeria-ngcert-warns-of-zimbra-email-threats
News

Data Theft: Nigeria’s ngCERT warns of zimbra email vulnerability

byOladapo Riliwan
12/03/2025
nigeria-italy-deepen-technology-ties
News

Nigeria, Italy deepen tech ties in innovation push

bySarah Emeka
11/03/2025
nigeria-hosts-global-summit-on-submarine-cable
News

Nigeria hosts global summit on submarine cable resilience

bySarah Emeka
26/02/2025
To drive industrial growth, Nigeria taps tech ‘to address data gaps’
News

To drive industrial growth, Nigeria taps tech ‘to address data gaps’

byIretomiwa Balogun
12/02/2025
eedc-launches-self-service-app-eedc-bot
Market Updates

‘EEDC BOT,’ self-service app goes live for electricity customers in Enugu

byIretomiwa Balogun
11/02/2025
get-invest-nigeria-lost-₦10-to-poor-electricity
News

Nigeria loses ₦10 trillion yearly to ‘unreliable electricity’, GET.invest says

byFejiro Awowede
11/02/2025
fg-not-planning-65-%-electricity-tariff-hike
News

President’s aide: FG not planning 65% electricity tariff increase

byIretomiwa Balogun
03/02/2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

nine + four =

UBA Ad UBA Ad UBA Ad
ADVERTISEMENT
ADVERTISEMENT
Access Bank Access Bank Access Bank
ADVERTISEMENT

Latest Articles

tinubu-says-fibre-optic-to-power-nigeria-future

Tinubu says ₦3.1 trillion fibre optic link to power Nigeria’s digital future

12/06/2025
sextortion-surge-hits-over-54000-nigerians

Sextortion surge hits over 54,000 Nigerians in growing cybercrime wave, ngCERT warns

12/06/2025
opinion-the-investments-and-securities-act-2024

The Investments and Securities Act 2024 and recognition of virtual assets

12/06/2025
FG: Meta’s Llama AI Accelerator launched to tackle Nigeria’s pressing challenges

FG: Meta’s Llama AI Accelerator launched to tackle Nigeria’s pressing challenges

10/06/2025
akanmu-digital-cash-transfers-can-close-gaps

Akanmu says digital cash transfers can close financial inclusion gaps 

10/06/2025
CrownCrystal Technologies CrownCrystal Technologies CrownCrystal Technologies
ADVERTISEMENT
ADVERTISEMENT

POPULAR ARTICLES

  • sextortion-surge-hits-over-54000-nigerians

    Sextortion surge hits over 54,000 Nigerians in growing cybercrime wave, ngCERT warns

    68 shares
    Share 27 Tweet 17
  • Tinubu says ₦3.1 trillion fibre optic link to power Nigeria’s digital future

    54 shares
    Share 22 Tweet 14
  • CREDICORP: FG opens portal on www.credicorp.ng for Nigerians to access consumer credit

    15405 shares
    Share 6162 Tweet 3851
  • Increased risk of fraud during times of economic uncertainty

    66 shares
    Share 26 Tweet 17
  • Moniepoint, Afrigopay eye 5 million financially-excluded Nigerians with AfriGO cards

    73 shares
    Share 29 Tweet 18
  • FG signals inclusive review of Nigeria’s Cybercrime Act

    62 shares
    Share 25 Tweet 16
  • Nine Nigerians sentenced for internet fraud, EFCC says 

    64 shares
    Share 26 Tweet 16
  • Operation Red Card: Nigeria leads continental crackdown on cybercrime syndicates

    68 shares
    Share 27 Tweet 17
  • EFCC taps tech to fight cybercrime amid US support

    60 shares
    Share 24 Tweet 15
  • Kaspersky, Smart Africa sign cybersecurity deal

    74 shares
    Share 30 Tweet 19

Latest Videos

  • TT TV
teniola-advocates-dynamic-billing-for-nigerians

Teniola advocates dynamic billing to protect Nigerian consumers | Technology Times Policy eXchange

14/04/2025
watch-mtn-nigeria-board-lawsuit-interview

#Watch: MTN Nigeria’s board is filled with ex-regulators—is this a conflict of interest?

24/03/2025
engr-banjo-on-local-content-in-nigeris-telecoms

Watch: Engr. Banjo on local content in Nigeria’s telecoms market

23/03/2025
#Watch: Technology Times Thought Leadership Series #Live

#Watch: Technology Times Thought Leadership Series #Live

20/03/2025
#Watch Technology Times TV #Live

#Watch Technology Times TV #Live

20/03/2025
Load More
ADVERTISEMENT
Facebook Twitter Youtube LinkedIn RSS

ABOUT TECHNOLOGY TIMES

technology-times-logo

Nigeria Technology Media Group

Founded in 2004, Technology Times’ trusted technology news, market intelligence, views and business services reach readers and partners across Nigeria, Africa and beyond.

Advertising

Sign up for TT eNews

Get in touch here

CONTACT US

Phone: +234 (0) 1 454 1818
WhatsApp: +234 (0) 815 700 0100
Email: info@technologytimes.ng
Web: www.technologytimes.ng

LEGAL & COMPLIANCE

technology-times-logoHome

TT Privacy Policy

TT Terms & Conditions

TT Website Disclaimer

TT Guest Post Guidelines

TT Sitemap

VOffice

TOP STORIES

  • sextortion-surge-hits-over-54000-nigerians

    Sextortion surge hits over 54,000 Nigerians in growing cybercrime wave, ngCERT warns

    68 shares
    Share 27 Tweet 17
  • Tinubu says ₦3.1 trillion fibre optic link to power Nigeria’s digital future

    54 shares
    Share 22 Tweet 14
  • CREDICORP: FG opens portal on www.credicorp.ng for Nigerians to access consumer credit

    15405 shares
    Share 6162 Tweet 3851
  • Increased risk of fraud during times of economic uncertainty

    66 shares
    Share 26 Tweet 17

©2004-2025 Technology Times, owned and operated by Digital Transformation Media Limited (DTML), Nigeria or its affiliates. All rights reserved.

Welcome Back!

Sign In with Facebook
Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Google
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Big Story
  • News
    • News
    • Consumer Technology
    • Market Updates
    • Technology Insights
  • Interviews
  • Opinion
  • Digital Transformation Series
  • Special Reports
    • MWC Africa
    • Nigeria 5G Spectrum Auction
  • Login
  • Sign Up

©2004-2025 Technology Times, owned and operated by Digital Transformation Media Limited (DTML), Nigeria or its affiliates. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy Page.