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Industrial Generator Market Trends

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

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Industrial Generator Market Trends

The generator sets market is positioned for growth driven by stringent environmental regulations that emphasize energy efficiency and a growing focus on cleaner energy sources. The industry stands to gain from rising demand for reliable and uninterrupted power supply across sectors like manufacturing, oil & gas, mining, and construction. Furthermore, stricter government policies and a move away from frequent power outages are set to energize the business dynamics.

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.