Get a free sample of Standby Generator Sets Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Standby Generator Sets Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Standby Generator Sets Market Size
The global standby generator sets market was valued at USD 26 billion in 2024 and is estimated to grow at a CAGR of 6.3% from 2025 to 2034. The growing demand for continuous power supply driven by factors including frequent power outages, natural disasters and an increasing dependence on technology is set to boost the product demand. Rising consumer awareness of power backup solutions coupled with a growing desire for improved comfort & security will further enhance the industry growth prospects.
The standby generator sets are an automatic backup power system designed to supply electricity during outages. It consists of an engine and an alternator and is integrated into a building's or facility's electrical system. When utility power is restored, the generator transitions back to standby mode, ready for the next interruption. The industry is experiencing significant growth driven by the increasing need for reliable power solutions across residential, commercial and industrial sectors.
How significant is the market for standby generator sets rated between 300 kVA and 500 kVA?
The market for standby generator sets rated between 300 kVA and 500 kVA is expected to surpass USD 9 billion by 2034, driven by frequent power outages and natural disasters.
How big is the standby generator sets market?
The global market for standby generator sets was reached USD 26 billion in 2024 and is estimated to grow at a 6.3% CAGR from 2025 to 2034, driven by the growing demand for continuous power supply.
What is the growth rate of the gas standby generator sets market?
The gas standby generator sets market is anticipated to grow at a CAGR of over 6.5% through 2034, led by the emphasis on cleaner and more sustainable energy solutions.
What is the projected size of the U.S. standby generator sets market by 2034?
The U.S. standby generator sets market is set to reach over USD 6.5 billion by 2034, propelled by extreme weather conditions, aging power infrastructure, and the need for uninterrupted power supply in critical sectors.
Who are the major players in the standby generator sets market?
Major players include Ashok Leyland, Atlas Copco, Briggs and Stratton, Caterpillar, Cummins, Eaton, Generac Power Systems, Gillette, Himoinsa, Hipower, JCB, Kirloskar, Rhelko, MAHINDRA POWEROL, Powerica, Rolls-Royce, Wartsila, and Yamaha Motor.