Lebanon Diesel Generator Market - Industry Trends and Forecast to 2028
MarkNtel Advisors, a prominent market research firm, has recently published a report titledLebanon Diesel Generator Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Lebanon Diesel Generator market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.
Lebanon Diesel Generator Reports Highlights
What is the size 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 have propelled the market in recent years, including rising infrastructure development activities in the country unit sales of diesel generators. Frequent power outages unavailability of efficient grid electricity to the economic sectors, namely residential, commercial, and industrial facilities, are the key factors augmenting the sales of diesel generators for standby, prime continuous power solutions. According to the World Bank, in 2018, around 36% to 45% of electricity demand in the country was being met by private diesel generators across all sectors due to limited grid power availability.
What do the growth prospects and trends look like in the Lebanon Diesel Generator Industry?
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.
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What Components are encompassed within Lebanon Diesel Generator Market segmentation?
The report has divided the market into the following segments:
By KVA Rating
-Up to 75KVA
-75.1 KVA to 375 KVA
-375.1 to 750 KVA
-750.1 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.
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Who are the Primary Companies or Entities active in the Industry?
The report covers the major market players including:
-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.
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Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 15 diverse industrial verticals.
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