Lebanon Diesel Generator Market to Grow Exponentially at 9.21% CAGR: MarkNtel Advisors

Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Lebanon Diesel Generator Market, The Lebanon Diesel Generator Market is projected to grow at a CAGR of around 9.21% during the forecast period, i.e., 2023-28. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight sustainable materials, rising demand for luxury customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Lebanon Diesel Generator Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook Forecasts:

Forecast Period: 2023-2028
CAGR (2023-2028): 9.21%

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Lebanon Diesel Generator Market Segmentation Breakdown:

The Lebanon Diesel Generator Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

By KVA Rating
- Up to 75KVA
- 1 KVA to 375 KVA
- 1 to 750 KVA
- 1 KVA to 1000 KVA
- Above 1000 KVA
By Type
- Stand By
- Prime Continuous Power
- Peak Shaving

Of them, the Standby diesel generator accounted for the highest share of the Lebanon Diesel Generator market.

By End Users
- Residential
- Commercial (Hospitality, Retail, Educational Institutions, etc.)
- Healthcare
- Government Transport (Airports, Metro Stations, Govt. Buildings, Religious Centres, etc.)
- Oil Gas
- Industrial (Manufacturing Facilities, Assembly Units, etc.)
- Equipment Rental Companies

Here, the Commercial sector is projected to witness the fastest growth in the forthcoming years.

MarkNtel Advisors Highlights Key Market Drivers for Lebanon Diesel Generator Market:

Surging Demand for Diesel Generators by Independent Local Power Distribution Businesses in Residential Areas

Local businesses which offer subscription-based uninterrupted power have emerged flourished during the past period by supplying the power generated from diesel generators to homes in residential areas. These businesses have been adding diesel generators to their fleet installing them in residential areas across Lebanon. The shortage of primary power supply has led to frequent long-duration power outages across the country. Hence, this has been one of the key reasons behind the emergence of these businesses. The owners of private diesel generators local businesses took advantage of the electricity demand supply gap to expand their subscription-based businesses, which have been resistant to government regulations.

Further, Lebanon has witnessed increasingly frequent power outages owing to the closer of power plants due to growing fuel shortages amid ongoing political economic crises. Along with this, the two main power plants in the country were closed due to a fuel shortage. Hence, this increased the population’s dependency on private diesel generators for power, thereby enhancing the Lebanon Diesel Generator Market size.

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A Comprehensive Analysis of Leading Companies in Lebanon Diesel Generator Market

Cummins
Caterpillar
Rolls-Royce Solutions Middle East FZE
Jubaili Bros
Generac Holdings Inc.
Kohler Co.
Ghaddar Machinery Co.
International Machinery Generators
Sakr Power Generation
HMH Machines
Others

Lebanon Diesel Generator Market Possible Restraint:

Rising Commercial Infrastructure Development Projects to Propel Demand for Diesel Generators

The growing focus of the Lebanon Government to strengthen its economy by boosting the tourism sector is significantly contributing to an increase in infrastructure development projects in the country. As the government of the country is eyeing to welcome a significant number of visitors in the coming years, several projects, including railways development, airport expansion, etc., have been announced by the government. For instance

In 2022, the government announced the release of a tender to construct a new terminal in the Beirut International Airport, intending to handle over 20 million annual passengers by 2030.

Further, the country is also witnessing investments in oil gas projects, including Beddawi-Al Zahrani Gas Pipeline, Lebanon Offshore Oil Exploration, and LNG Floating Storage Regasification Unit-Zahrani, etc., as it is eyeing to boost oil gas trade activities from the country.

Thus, the expansion of the new oil gas projects in the country is anticipated to create an opportunity for the sales of diesel generators in these facilities to power the equipment facilities as a whole.

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