Lebanon Diesel Generator Market to Exhibit a Remarkable CAGR of 9.21% by 2028, Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook

According to MarkNtel Advisors study the Lebanon Diesel Generator Market is projected to grow at a CAGR of around 9.21% during the forecast period, i.e., 2023-28.

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Key Findings of the Study: Lebanon Diesel Generator market

Growth Driver: 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

Growth Opportunities: 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.

For more detailed information about the Lebanon Diesel Generator market report, click here – https://www.marknteladvisors.com/research-library/lebanon-diesel-generator-market.html

Scope of the Report and Lebanon Diesel Generator Market Segmentation:

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

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.

Note: If you require specific information not covered in the current report, we can provide it through customized option

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