Generator sales are expected to hit $1 billion by 2020 according to research analysts who cover the power sector.
“Sustained growth is driven by increasing electricity consumption, which has been growing at eight percent per annum over recent years, and the inability of the Power Holding Company of Nigeria (PHCN) to supply adequate power to meet demand” said Aman Madhok, an Energy Analyst working with GBI research.
The firm published a research highlighting the expected growth in the importation of generator sets into Nigeria mainly from China and the United Kingdom. According to the report, the failure of the Nigerian Energy Sector has made the country the largest market for diesel and gas generator sets in Africa.
