Generator Market Size, Trends, Shares, and Forecast - 2031

Historic Data: 2021-2023   |   Base Year: 2024   |   Forecast Period: 2025-2031

Coverage: Generator Market covers analysis by Power Rating (Below 75 kVA, 75-375 kVA, 375-750 kVA, Above 750 kVA); Fuel Type (Diesel, Gas, Others); Application (Continuous Load, Peak Load, Stand By Load); End User (Mining, Oil and Gas, Construction, Residential, Marine, Manufacturing, Pharmaceuticals, Commercial, Telecom, Utility, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Date : Sep 2025
  • Report Code : TIPRE00029406
  • Category : Energy and Power
  • Status : Upcoming
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 150

MARKET INTRODUCTION 


The rapid advancement of industry has resulted in an increase in electricity demand. Generators have become an essential piece of industrial and household equipment due to the need for uninterrupted power demand and peak and continuous power requirements. Generators are equipment that convert mechanical energy into optimal electrical power for a variety of applications. To properly create and manage current, a generator unit has many components such as an engine, fuel system, alternator, main assembly, cooling & exhaust system, and others.

MARKET DYNAMICS


Growing investments in constructing new advanced industrial sector establishments, as well as upgrading existing ones, are likely to propel this market forward. Additionally, the demand for generators is boosted by rising national building investment on energy-efficient infrastructure. For instance, the United States Census Bureau stated in August 2021 that spending on public buildings in the United States was USD 353.3 billion in June 2021, up from USD 332.8 billion in 2021. This is projected to boost the market for generator sales.

MARKET SCOPE  

 
The "Global Generator Market Analysis to 2031" is a specialized and in-depth study of the generator market with a special focus on the global market trend analysis. The report aims to provide an overview of the generator market with detailed market segmentation by power rating, fuel type, application, end user and geography. The global generator market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading generator market players and offers key trends and opportunities in the generator market. 

MARKET SEGMENTATION


The global generator market is segmented based on power rating, fuel type, application, and end user. Based on power rating, generator market is segmented into Below 75 kVA, 75-375 kVA, 375-750 kVA, and Above 750 kVA. Based on fuel type, generator market is segmented into diesel, gas, and others. Based on application, generator market is segmented into continuous load, peak load, and stand by load. Based on end user, generator market is segmented into mining, oil & gas, construction, residential, marine, manufacturing, pharmaceuticals, commercial, telecom, utility, and others.
 

IMPACT OF COVID-19 ON GENERATOR MARKET


The unexpected breakout of the new coronavirus has severely disrupted global industrial activities. The number of instances affected has been steadily increasing, prompting several countries to implement a variety of countermeasures such as national lockdowns and social isolation. As a result of the global pandemic, the shutdown of industrial operations has had a significant impact on the market. Growing apprehensions about investing in new projects, restrictions on cross-border trade, deficiencies in required capitals, preventive government measures lowering the workforce, and a slew of other obstacles have all hampered the industry's expansion. For example, the International Energy Agency (IEA) predicted in May 2021 that global investment in the oil and gas industry would plummet by around 33% in 2021 compared to the previous year due to the global financial crisis.

REGIONAL FRAMEWORK


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Generator Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Generator Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Generator Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the generator market in these regions.

MARKET PLAYERS


The reports cover key developments in the generator market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from generator market are anticipated to lucrative growth opportunities in the future with the rising demand for generator market. Below mentioned is the list of few companies engaged in the generator market. 
The report also includes the profiles of key generator market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
  • Rolls-Royce 
  • Caterpillar Inc. 
  • Atlas Copco 
  • MAN Energy Solutions 
  • Zwart Techniek 
  • Cummins Inc. 
  • Wacker Neuson 
  • Himoinsa 
  • Kohler-SDMO 
  • Inmesol S.L.U. 
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study. 

Generator Report Scope

Report Attribute Details
Market size in 2024 US$ XX million
Market Size by 2031 US$ XX Million
Global CAGR (2025 - 2031) XX%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Power Rating
  • Below 75 kVA
  • 75-375 kVA
  • 375-750 kVA
  • Above 750 kVA
By Fuel Type
  • Diesel
  • Gas
By Application
  • Continuous Load
  • Peak Load
  • Stand Load
By End User
  • Mining
  • Oil and Gas
  • Construction
  • Residential
  • Marine
  • Manufacturing
  • Pharmaceuticals
  • Commercial
  • Telecom
  • Utility
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Rolls-Royce
  • Caterpillar Inc.
  • Atlas Copco
  • MAN Energy Solutions
  • Zwart Techniek
  • Cummins Inc.
  • Wacker Neuson
  • Himoinsa
  • Kohler-SDMO
  • Nivedita Upadhyay
    Nivedita Upadhyay
    Manager,
    Market Research & Consulting

    Nivedita is an accomplished research professional with over 9 years of experience in Market Research and Business Consulting. Currently serving as a Project Manager in the ICT domain at The Insight Partners, she brings deep expertise in managing and executing Syndicated, Custom, Subscription-based, and Consulting research assignments across diverse technology sectors.

    With a proven track record of delivering data-driven analysis and actionable insights, Nivedita has been a key contributor to several critical projects. Her work involves end-to-end project execution—right from understanding client objectives, analyzing market trends, to deriving strategic recommendations. She has collaborated extensively with leading ICT companies, helping them identify market opportunities and navigate industry shifts.

    Nivedita holds an MBA in Management from IMS, Dehradun. Prior to joining The Insight Partners, she gained valuable experience at MarketsandMarkets and Future Market Insights in Pune, where she held various research roles and built a strong foundation in industry analysis and client engagement.

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset

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    Our Clients
    1. The List Of Companies
    2. Rolls-Royce
    3. Caterpillar Inc.
    4. Atlas Copco
    5. MAN Energy Solutions
    6. Zwart Techniek
    7. Cummins Inc.
    8. Wacker Neuson
    9. Himoinsa
    10. Kohler-SDMO
    11. 10.Inmesol S.L.U.
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