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Industrial Generator Market Size

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

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Industrial Generator Market Size

The global industrial generator market was valued at USD 21.5 billion in 2024 and is set to grow at a CAGR of 7.1% from 2025 to 2034. Rapid industrialization and infrastructure development primarily across the emerging economies coupled with increasing demand for reliable & uninterrupted power will positively sway the industry dynamic.

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An industrial generator is a device engineered to deliver electrical power during grid outages or whenever a dependable power source is essential in industrial environments. These generators play a crucial role in maintaining operational continuity during power outages, supporting peak load requirements, and powering remote locations where grid access is limited. Additionally, advancements in technology have led to the development of more fuel-efficient, lower-emission generators, meeting stricter environmental regulations and catering to sustainability trends.

Industrial Generator Market Report Attributes
Report Attribute	Details
Base Year:	2024
Industrial Generator Market Size in 2024:	USD 21.5 Billion
Forecast Period:	2025 – 2034
Forecast Period 2025 – 2034 CAGR:	7.1%
2025 – 2034 Value Projection:	USD 42.4 Billion
Historical Data for:	2021 – 2024
No. of Pages:	150
Tables, Charts & Figures:	45
Segments covered:	Power Rating, End Use, Fuel, Application and Region
Growth Drivers:	Increasing intensity & frequency of weather-related disasters Rapid industrialization & infrastructure development Resurgent growth across the manufacturing sector
Pitfalls & Challenges:	High capital, installation & maintenance costs Shifting trends toward renewable power generation

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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.