Electric Kettles - Nigeria
Nigeria- In 2024, the revenue generated in the Electric Kettles market in Nigeria amounts to ₦US$52.32m.
- It is projected that this market will experience an annual growth rate of 10.16% (CAGR 2024-2029).
- When compared globally, China leads the way in revenue generation within the Electric Kettles market, with a staggering ₦US$1bn in 2024.
- Taking into account the total number of households, the per household revenue generated in the Electric Kettles market is estimated to be ₦US$1.17 in 2024.
- Looking ahead to 2029, the volume in the Electric Kettles market is projected to reach 3.5m pieces units.
- Additionally, a growth rate of 6.1% is expected in 2025.0.
- In terms of average volume per household in the Electric Kettles market, it is anticipated to amount to 0.06pieces units in 2024.
- The demand for electric kettles in Nigeria has surged due to the country's growing middle class and increased focus on convenience and energy efficiency.
- Key regions:
- Indonesia,
- Worldwide,
- China,
- Canada,
- United States
Definition: Electric kettles are a convenient and efficient method for boiling water, eliminating the need for a stove top. These kettles come in various materials, such as stainless steel, glass, and plastic, and offer additional features like adjustable temperature and Wi-Fi control. As tea and coffee culture continues to grow, electric kettles have become a popular choice for both home and workplace settings. This segment excludes teapots, coffee machines, hot-water dispensers, and stove kettles.
Additional information: The market comprises key performance indicators such as revenues, volume, price per unit, average revenue and volume per household, and sales channels.
Note that the volume sales only refer to B2C (business to consumer) sales, via both the offline and the online channel. The average revenue and volume per household are determined by dividing the revenues and volume by the number of households, where a household refers to a house and its occupants, regarded as a unit. Finally, price per unit refers to the cost of a single unit of the product.
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In-Scope
- Stainless-steel electric kettles
- Glass electric kettles
- Plastic electric kettles
Out-Of-Scope
- Hot tea machines/ teapot
- Coffee machines
- Hot water dispensers
- Stove kettles
