Key Market Indicators
Lebanese gas turbine exports are projected to reach approximately $2.2 million by 2028, up from around $1.8 million in 2023. This marks an average annual growth rate of 2.8%. Since 2002, Lebanon's gas turbine supply has increased by an average of 4.4% per year. In 2023, Lebanon ranked 66th globally in gas turbine exports, with Chile surpassing it at the same export value of $1.8 million. France, Singapore, and Germany occupied the second, third, and fourth positions, respectively. Meanwhile, Lebanese gas turbine imports are expected to climb to roughly $65.7 million by 2028, compared to about $54.6 million in 2023. This represents an annual growth rate of 2.9%. Since 2002, Lebanon's demand for gas turbines has shown a robust annual increase of 9.3%.
