London, 08 January 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Construction Market Outlook in Nigeria 2015-2019, which is expected to grow at a CAGR of 12.10 percent during 2015-2019.
“The gap between demand and supply of energy in Nigeria has led the construction companies in the country to focus on energy-efficient practices in construction,” says Faisal Ghaus, Vice President of TechNavio.
“Moreover, special attention is being paid to the construction of eco-friendly and energy-efficient homes because the Urban Residential sector is the major consumer of electricity.”
Key Market Drivers
- Rapid Urbanization
- Robust and Sustained Economic Growth
- Increase in Demand for Electricity and Transportation Services
Key Market Trends
- Increased Adoption of PPP Model
- Focus on Energy-efficient Building Construction
- Affordable Housing Finance Projects
Key Market Vendors
- Daewoo E&C
- Evomec Global Services Ltd.
- Julius Berger Nigeria Ltd.
- Setraco Nigeria Ltd.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
