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Report Overview
The global generator sales market size has reached a value of more than USD 66.42 Billion in 2024. With rising demand for backup power during natural disasters and increasing instances of power outage, the market is expected to grow at a CAGR of 4.90% between 2025 and 2034, reaching USD 107.17 Billion by 2034. The Asia Pacific dominated the global market, driven by expanding industrial infrastructure and rapid urbanisation. The U.S. also holds a significant share due to its high reliance on reliable energy sources. The generator segment is witnessing strong sales growth worldwide, reflecting increasing adoption. The global outlook remains robust, with steady demand boosting generator sales across diverse regions.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
Key Industry Players
Rolls-Royce has strengthened its partnerships with other companies to provide high-capacity power solutions
Numerous manufacturers within the industry have been supplying equipment with varying power outputs for both regional and international markets. The sector features a wide range of both minor and major players, many of which possess advanced production facilities tailored to the needs of end-user sectors. Moreover, businesses are increasingly pursuing strategic alliances to consolidate their market position and shape the competitive environment.
For example, in July 2021, Rolls-Royce announced it had delivered a generator from its Norwegian site to the refurbished Testbed 108 in Bristol, UK, for use in the 2.5 MW Power Generation System 1 (PGS1) demonstrator initiative.
Top Generator Sales Companies
- Caterpillar Inc.
- Generac Power Systems, Inc.
- Cummins Inc.
- WeiChai Holdings Group Co., Ltd.
- Mitsubishi Heavy Industries, Ltd.
- Siemens AG
- ABB Ltd.
- Himoinsa
- John Deere
- Aggreko
- Atlas Copco
- Ingersoll Rand
- Kirloskar Electric Co. Ltd.
- Honda Motor Co. Inc.
- Wärtsilä
- DAIHATSU DIESEL MFG. CO., LTD.
- Yanmar Holdings Co., Ltd
- Briggs & Stratton
- Kohler SDMO
- BGG.UK
- PRAMAC
- FG Wilson
- Wacker Neusen
- HiPower Systems
- New Way
- J C Bamford Excavators Ltd.
- Inmesol
- Dagartech
- Others
Generator Sales Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the global market for generator sales reached a size of USD 66.42 Billion.
The market is expected to grow at a CAGR of 4.90% during the period 2025-2034.
The generator sales market is expected to reach a value of USD 107.17 Billion.
The increasing demand for dependable backup power solutions, coupled with continuous improvements in generator technology, is anticipated to fuel market growth.
The increasing demand for alternative fuel-based generators and the rising demand for hybrid generators are key trends in the market.
The regional markets for the global generator sales market include North America, Europe, the Asia Pacific, Latin America, Middle East and Africa.
The different fuel type includes diesel and gas, among others.
The power ratings in the market include 75kVA, 75-375 kVA, 376-750 kVA, and above 750 kVA.
The applications available in the market include prime and continuous, standby, and peak shaving.
The different end-uses of generator sales include industrial, commercial, and residential.
The key players in the market include Caterpillar Inc., Generac Power Systems, Inc., Cummins Inc., WeiChai Holdings Group Co., Ltd., Mitsubishi Heavy Industries, Ltd., Siemens AG, ABB Ltd., Himoinsa, John Deere, Aggreko, Atlas Copco, Ingersoll Rand, Kirloskar Electric Co. Ltd., Honda Motor Co. Inc., Wärtsilä, DAIHATSU DIESEL MFG. CO., LTD., Yanmar Holdings Co., Ltd,Briggs & Stratton, Kohler SDMO, BGG.UK, PRAMAC, FG Wilson, Wacker Neusen, HiPower Systems, New Way, J C Bamford Excavators Ltd., Inmesol, and Dagartech, among others.
The diesel segment is expected to lead the market due to the development of generators globally.
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