Press Release

Lebanon Diesel Generator market to grow at a CAGR of 9.21% through 2028

The Lebanon Diesel Generator market is projected to grow at a CAGR of around 9.21% during the forecast period of 2023-28, cites MarkNtel Advisors in the recent research report. The rising infrastructure development operations in the country & unit sales of diesel generators are some of the prominent factors that propelled the market growth in the past few years & are presumed to positively contribute to the market growth in future years as well. Frequent power outages & the inability of economic sectors, especially residential, commercial, and industrial establishments, to access effective grid electricity are some crucial aspects driving sales of diesel generators for standby, prime, and continuous power solutions. According to the UNHCR, the hours of electricity supply by the national grid continued to drop in 2021 to roughly 7 hours per day, down from 11 hours in 2020 & 13 hours in 2019 (the UN Refugee Agency). Besides, more diesel generators have been installed in residential & business sectors to address the supply gap.

Furthermore, as the country experiences a significant upsurge in infrastructure development activities that must be completed by 2025 or later in sectors such as oil & gas and hospitality, among others, the revenue growth of the market is expected to surge during the forthcoming period due to the need for optimal power in emerging industries, further states the research report, “Lebanon Diesel Generator Market Analysis, 2023.”

Standby to Dominate the Market in the Forthcoming Years

Based on Type, the market is further divided into Standby, Prime & Continuous Power, and Peak Shaving. Among them, Standby diesel generators held a sizable market share in the Lebanon Diesel Generators market. The wide applicability of standby has been witnessed in major sectors, such as residential, commercial, hospitality, and healthcare, which has been raising the share of this segment in the market the country.

Moreover, the government of Lebanon is continuously involved in the development of the manufacturing and oil & gas sectors of the country. Exploration of new oil & gas sites combined with the requirement of diesel generators for power backup in this sector is further positively affecting the demand for these generators in the country. Additionally, the high occurrence of power outages in the country is leading to the installation of standby generators in these infrastructures to ensure a continuous power supply, which would continue to support the market of Lebanon in the upcoming years.

Commercial Sector Shows the Fastest Growth in Market

Based on End User, the market is further bifurcated into Residential, Commercial, Healthcare, Government & Transport, Oil & Gas, Industrial, and Equipment Rental Companies. Among them, the Commercial Sector is projected to witness the fastest growth in the forthcoming years. Historically, the Commercial Sector acquired a notable share in the Lebanon Diesel Generator industry, owing to a significant need for continuous power supply in various industries, such as IT, Telecom, etc. Furthermore, the increasing funding of international organizations to bolster infrastructure development activities is undoubtedly helping the demand for these generators for standby & continuous power needs. Furthermore, inflated visitor arrivals in the country have resulted in the expansion of the hospitality sector & accompanying infrastructure such as hotels, restaurants, and so on. As a result, the market would be strengthened during the forecast period, 2023-28.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading 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, and HMH Machines are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the country?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across the country?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2018-28?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?