Market Insights Consumer Household Appliances Small Appliances

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, in China leads the way in revenue generation within the Electric Kettles market, with a staggering ₦US$1,183m 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.
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

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Survey data is reweighted for representativeness.