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Industrial Generator Market Share

Report ID: GMI3354
Published Date: Dec 2024
Report Format: PDF

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Industrial Generator Market Share

The manufacturers in the industrial gensets industry are employing several key strategies to strengthen their market position, drive technological advancements, and meet evolving customer needs. The companies are investing in digitalization and IoT-based solutions that enable real-time monitoring, predictive maintenance, and remote management, enhancing reliability and minimizing downtime. Strategic collaborations and partnerships with other technology firms are also common, helping companies to broaden their product portfolio, accelerate R&D and streamline supply chains.

Industrial Generator Market Companies

Major players operating in the industrial generator industry are:

Ashok Leyland
Atlas Copco
Caterpillar
Cummins
Deere & Company
FG Wilson
Generac Power Systems
Greaves Cotton
Himoinsa
JCB
Kirloskar
Kohler
Mahindra Powerol
Mitsubishi Heavy Industries
MTU Onsite Energy
Powerica
Perkins Engines Company
Supernova Genset
Wartsila
Yanmar Holdings

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The global market for industrial generator was reached USD 21.5 billion in 2024 and is set to grow at a CAGR of 7.1% from 2025 to 2034, driven by rapid industrialization and infrastructure development.

The diesel industrial generator market is expected to grow at a rate of over 6.5% through 2034, due to their scalable, adaptable, and weather-independent functionality.

The market for industrial generators rated between 375 KVA and 750 kVA is projected to exceed USD 12 billion by 2034, led by growing demand in mining operations and expanding infrastructure projects.

The U.S. industrial generator market is set to reach over USD 6 billion by 2034, propelled by the manufacturing sector's need for uninterrupted power to maintain production lines.

Key players in the industrial generator industry include Ashok Leyland, Atlas Copco, Caterpillar, Cummins, Deere & Company, FG Wilson, Generac Power Systems, Greaves Cotton, Himoinsa, JCB, Kirloskar, Kohler, Mahindra Powerol, Mitsubishi Heavy Industries, MTU Onsite Energy, Powerica, Perkins Engines Company, Supernova Genset, Wartsila, and Yanmar Holdings.