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The industrial generator sets industry is set to expand driven by strict environmental regulations promoting energy efficiency and an increasing emphasis on cleaner energy solutions. The industry stands to benefit from the rising need for dependable and uninterrupted power across sectors such as manufacturing, oil & gas, mining, and construction. Additionally, stringent government policies and efforts to minimize power outages are set to further propel the growth in this sector.
The 75 kVA - 375 kVA rated industrial generator market is expected to exceed USD 4.5 billion by 2034, fueled by the rising demand for reliable backup power solutions in industries and critical infrastructure.
The Asia Pacific market for industrial generator was reached USD 12.8 billion in 2024 and is projected to grow at a 7.3% CAGR from 2025 to 2034, driven by rapid industrialization and urbanization.
The diesel-fueled industrial generator market is anticipated to grow at a CAGR of over 6.5% through 2034, owing to their scalability, flexibility, and ability to provide uninterrupted power under all weather conditions.
The China industrial generator market is projected to surpass USD 10 billion by 2034, supported by government incentives, subsidies, and a growing focus on eco-friendly and sustainable technologies.
Key players in the market include Ashok Leyland, Atlas Copco, Caterpillar, Cummins, Deere & Company, Generac Power Systems, Greaves Cotton, HIMOINSA, J C Bamford Excavators, Kirloskar, Rehlko, MAHINDRA POWEROL, Mitsubishi Heavy Industries, Sterling Generator, Supernova Genset, and Wartsila.