Nigeria Distribution Transformer is projected to grow at higher CAGR during the forecast period due to rapid urbanization in the country and growing government and international organization spending to develop the power sector in the region.

Introduction of the Nigeria Distribution Transformer Market Report

A distribution transformer is presented as a typical form of an isolation transformer. The primary role of this transformer is to adjust the high voltage to the standard output like 240/120 V to apply in electric energy distribution. Typically, a distribution transformer level is less than 200 MVA, while some national norms can allow for rating up to 5000 MVA. Various transformers are available in the distribution system, including single-phase, three-phase, pad-mounted, underground, and pole-mounted distribution transformers.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the Nigeria Distribution Transformer market include the rapid urbanization in the country. According to the World Food Programme Urban Focus Nigeria report 2021, Nigeria is rapidly urbanizing with a growing population. The population in Nigeria is expected to double by 2050, while the urbanization rate will reach 70% from 50%. The growing government and international organization spending to develop the power sector in the region will boost the market during the forecast period. According to International Trade Administration, in 2020, the African Development Bank invested USD 200 million through the Rural Electrification Agency to expand Nigeria’s power sector and improve access to electricity. In 2020, World Bank provided an additional USD 750 million Power Sector Recovery Operation (PSRO) loan to Nigeria to achieve financial sustainability, enhance accountability and ensure the supply of 4500 MWh of electricity to the grid by 2020.

Restraint in the Nigeria Distribution Transformer Market

However, time taken for implementation and high cost associated with distribution transformer can act as a restraint and hamper the market growth.

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Type – Segment Analysis

Based on the type, three phases are expected to grow at a higher CAGR during the forecast period. The three-phase distribution transformer holds electrical energy from the primary distribution circuit to the minor distribution circuit. This kind of transformer transfers the current to a secondary distribution circuit and decreases the voltage of the primary distribution circuit. These transformers decrease the primary circuit’s voltage supply based on the customer’s requirement. For instance, Prolec GE offers a complete line of liquid-filled three-phase pad-mounted distribution transformers with high voltages of up to 34.5 kV and a rating of up to 5000 kVA.

Mounted – Segment Analysis

Based on the mounted, the pad mounted is anticipated to grow at a higher CAGR during the forecast period. Pad mounted transformers are mounted on the ground to service the underground distribution network. These transformers generally serve urban and rural residential, commercial, and industrial loads. They deliver the maximum amount of tamper resistance in the lowest profile design. Several companies such as Schneider Electric, Siemens, GE, and others provide pad mounted distribution transformers in the country. For instance, in 2020, a deal between the Nigerian Federal Government, the German Government, and Siemens AG has been agreed, leading to 3800 new transformers being installed across Nigeria.
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Key Developments:

• • In 2019, Government of Nigeria and Siemens signed the Nigerian Electrification Roadmap partnership. The roadmap contains technical and commercial proposals for financing, implementing, and executing projects to revive the Nigerian power sector and manage Nigeria’s future electricity requirement.
  • In 2018, Central Bank of Nigeria provided funds to power distribution companies in the country for the purchase and installation of over 500 transformers.

Segments covered in the Report:

The Nigeria Distribution Transformer market has been segmented on the basis of type, mounted, and capacity. Based on type, the market is segmented into single phase, and three phase. Based on mounted, the market is segmented into pad mounted, and pole mounted. Based on capacity, the market is segmented into below 500 kVA, 500 kVA – 2500 kVA and above 2500 kVA.

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Key questions answered in this research report:

• • At what pace is Nigeria Distribution Transformer market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Nigeria Distribution Transformer market? What will be the impact of drivers and restraints in the future?
  • Which Type generated maximum revenues in 2020 and identify the most promising Type during the forecast period?
  • What are the various types of Nigeria Distribution Transformer market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

 Market Segmentation

Nigeria Distribution Transformer Market by Type

• • Single Phase
  • Three Phase

Nigeria Distribution Transformer Market by Mounted

• • Pad Mounted
  • Pole Mounted

Nigeria Distribution Transformer Market by Capacity

• • Below 500 kVA
  • 500 kVA – 2500 kVA
  • Above 2500 kVA