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Report Overview
The global generators market size reached approximately USD 69.14 Billion in 2025. The market is projected to grow at a CAGR of 4.80% between 2026 and 2035, reaching a value of around USD 110.49 Billion by 2035.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
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The demand for portable generators is rising due to their versatility and convenience, especially for outdoor activities.
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The growing demand for HVAC equipment across the world is likely to provide impetus to the generators market.
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Manufacturers are emphasising the development of fuel-efficient generators to reduce operational costs and environmental impact.
Competitive Landscape
The generators market players are introducing novel technologies to stay ahead in the competition, further increasing their collaboration efforts to meet the evolving regulatory landscape
ABB Ltd provides a wide range of products and services for industries such as utilities, transportation, and infrastructure, including electric motors, generators, drives, power grids, control systems, and robotics.
Siemens AG operates in various segments including Digital Industries, Smart Infrastructure, Mobility, and Siemens Healthineers and provides a wide range of products and services including automation technology and industrial software.
Cummins Inc., founded in 1919, is an engines and power generation company that designs, manufactures, and distributes engines, filtration, and power generation products.
Mitsubishi Heavy Industries, Ltd. is a heavy industries and engineering company. It operates in various segments including energy systems, industrial machinery, aircraft, and defence and space, among others.
Other major players in the market include Nidec Corporation, Caterpillar Inc., Atlas Copco, Doosan Corporation, Kohler Co., Multiquip Inc., Wacker Neuson SE, and Aggreko plc, among others.
Generators 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 2025, the global generators market attained a value of nearly USD 69.14 Billion.
The market is estimated to grow at a CAGR of 4.80% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach USD 110.49 Billion by 2035.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers expected to aid market growth are the rising applications of generators in various end use industries, rapid urbanisation and infrastructure development, and thriving manufacturing sector.
The key market trends guiding the growth of the market include the growing technological advancements and the increasing energy demands.
AC motors and DC motors are the major types of generators in the market.
The market, based on power generation, is segmented into thermal, hydro, wind, portable, and standby among others.
The major players in the market are ABB Ltd, Siemens AG, Nidec Corporation, Cummins Inc., Caterpillar Inc., Mitsubishi Heavy Industries, Ltd., Atlas Copco, Doosan Corporation, Kohler Co., Multiquip Inc., Wacker Neuson SE, and Aggreko plc, among others.
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