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
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
Share this Post to earn Money ( Upto ₹100 per 1000 Views )
![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](https://blog.rackons.in/uploads/images/202409/image_750x_66d6cad9b9ef5.jpg)
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.
“In case you missed it, we are currently revising our reports. Click on the below to get the most latest research data with forecast for years 2024 to 2030, including market size, industry trends, and competitive analysis. It wouldn't take long for the team to deliver the most recent version of the report.”
Access Free Sample Report - https://www.marknteladvisors.com/query/request-sample/lebanon-diesel-generator-market.html
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
Why choose Us?
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
For Media Inquiries, Please Contact:
Call: +1 628 895 8081 | +91 120 4278433
Email: sales@marknteladvisors.com
Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511
Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India