The total revenue generated by the Nigerian gas genset market was USD 259.8 million in the past, and it will grow at a rate of 7.9% in the years to come and reach a value of USD 514.4 million by 2030, as stated by a report released by P&S Intelligence. The main factors accountable for the market growth include the booming industrial and commercial expansion among lasting energy crisis.

The 1,000 kVA and above generators dominated  the industry in  the past, on the basis of power rating segment. This is mostly credited to the mounting requirement for gensets of power rating of 1,000 kVA and above in more than a few sectors, for example energy, commercial, and manufacturing. 

Commercial sector will grow the fastest in the industry, on the basis of application, on the basis of application in the years to come. This has a lot to do with the increasing acceptance, which is powered by the gas in real estate, telecom etc.

Moreover, the revival of construction projects, accompanied by the growth in the commercial sector will provide the motivation for the demand for gensets, propelled by gas.

The development of the carbon footprint is responsible for the increasing requirement for cleaner gensets. In addition, gensets powered by gas have low costs of operations and higher efficiency of fuel.

 
The electricity supply in the country is less than the requirement, and to meet the future requirement, a lot of electricity has to be produced. 
As stated by the World Bank, in 2020, 43% of Nigerians still had no access to on-grid electricity. 

This imitates an enormous gap between the requirement of electricity and supply in the country. The energy crisis, which has overwhelmed the country for about twenty or so years, has brought about poverty by incapacitating commercial and industrial  activities. Because of the prevailing energy crisis in the country, gas based gensets has become a trend, to say the least.