Generator Market Size to Hit USD 67.45 Billion by 2034

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Generator Market

5.1. COVID-19 Landscape: Generator Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Generator Market, By Fuel Type

8.1. Generator Market Revenue and Volume Forecast, by Fuel Type

8.1.1. Diesel

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Gasoline / Petrol

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Natural Gas

8.1.3.1. Market Revenue and Volume Forecast

8.1.4. Liquefied Petroleum Gas (LPG / Propane)

8.1.4.1. Market Revenue and Volume Forecast

8.1.5. Biogas / Biomethane

8.1.5.1. Market Revenue and Volume Forecast

8.1.6. Dual-fuel (e.g., diesel + gas)

8.1.6.1. Market Revenue and Volume Forecast

8.1.7. Hydrogen (emerging)

8.1.7.1. Market Revenue and Volume Forecast

8.1.8. Hybrid (Generator + Battery / Renewables)

8.1.8.1. Market Revenue and Volume Forecast

8.1.9. Others

8.1.9.1. Market Revenue and Volume Forecast

Chapter 9. Global Generator Market, By Application / End-Use

9.1. Generator Market Revenue and Volume Forecast, by Application / End-Use

9.1.1. Residential backup power

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Commercial buildings & retail

9.1.2.1. Market Revenue and Volume Forecast

9.1.3. Data centers & IT / Cloud facilities

9.1.3.1. Market Revenue and Volume Forecast

9.1.4. Healthcare (hospitals, clinics)

9.1.4.1. Market Revenue and Volume Forecast

9.1.5. Telecom towers / BTS sites

9.1.5.1. Market Revenue and Volume Forecast

9.1.6. Construction / Mining / Oil & Gas sites

9.1.6.1. Market Revenue and Volume Forecast

9.1.7. Utilities & Grid-support

9.1.7.1. Market Revenue and Volume Forecast

9.1.8. Events & Hospitality

9.1.8.1. Market Revenue and Volume Forecast

9.1.9. Agriculture & Rural electrification

9.1.9.1. Market Revenue and Volume Forecast

9.1.10. Military & Defense

9.1.10.1. Market Revenue and Volume Forecast

9.1.11. Others

9.1.11.1. Market Revenue and Volume Forecast

Chapter 10. Global Generator Market, By Product Type / Mode

10.1. Generator Market Revenue and Volume Forecast, by Product Type / Mode

10.1.1. Portable generators

10.1.1.1. Market Revenue and Volume Forecast

10.1.2. Standby / Backup gensets (automatic transfer)

10.1.2.1. Market Revenue and Volume Forecast

10.1.3. Prime & Continuous power gensets

10.1.3.1. Market Revenue and Volume Forecast

10.1.4. Rental gensets / Mobile power solutions

10.1.4.1. Market Revenue and Volume Forecast

10.1.5. Containerized & Modular power plants

10.1.5.1. Market Revenue and Volume Forecast

10.1.6. Integrated genset + UPS / Battery-hybrid systems

10.1.6.1. Market Revenue and Volume Forecast

Chapter 11. Global Generator Market, By Technology / Engine Type

11.1. Generator Market Revenue and Volume Forecast, by Technology / Engine Type

11.1.1. Synchronous alternator-based gensets

11.1.1.1. Market Revenue and Volume Forecast

11.1.2. Inverter-based generator systems

11.1.2.1. Market Revenue and Volume Forecast

11.1.3. Reciprocating internal combustion engine (ICE) gensets

11.1.3.1. Market Revenue and Volume Forecast

11.1.4. Turbine-based gensets (small gas turbines)

11.1.4.1. Market Revenue and Volume Forecast

11.1.5. Fuel cell gensets

11.1.5.1. Market Revenue and Volume Forecast

11.1.6. Microturbine / Rotary units

11.1.6.1. Market Revenue and Volume Forecast

Chapter 12. Global Generator Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Volume Forecast, by Fuel Type

12.1.2. Market Revenue and Volume Forecast, by Application / End-Use

12.1.3. Market Revenue and Volume Forecast, by Product Type / Mode

12.1.4. Market Revenue and Volume Forecast, by Technology / Engine Type

12.1.5. U.S.

12.1.5.1. Market Revenue and Volume Forecast, by Fuel Type

12.1.5.2. Market Revenue and Volume Forecast, by Application / End-Use

12.1.5.3. Market Revenue and Volume Forecast, by Product Type / Mode

12.1.5.4. Market Revenue and Volume Forecast, by Technology / Engine Type

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Volume Forecast, by Fuel Type

12.1.6.2. Market Revenue and Volume Forecast, by Application / End-Use

12.1.6.3. Market Revenue and Volume Forecast, by Product Type / Mode

12.1.6.4. Market Revenue and Volume Forecast, by Technology / Engine Type

12.2. Europe

12.2.1. Market Revenue and Volume Forecast, by Fuel Type

12.2.2. Market Revenue and Volume Forecast, by Application / End-Use

12.2.3. Market Revenue and Volume Forecast, by Product Type / Mode

12.2.4. Market Revenue and Volume Forecast, by Technology / Engine Type

12.2.5. UK

12.2.5.1. Market Revenue and Volume Forecast, by Fuel Type

12.2.5.2. Market Revenue and Volume Forecast, by Application / End-Use

12.2.5.3. Market Revenue and Volume Forecast, by Product Type / Mode

12.2.5.4. Market Revenue and Volume Forecast, by Technology / Engine Type

12.2.6. Germany

12.2.6.1. Market Revenue and Volume Forecast, by Fuel Type

12.2.6.2. Market Revenue and Volume Forecast, by Application / End-Use

12.2.6.3. Market Revenue and Volume Forecast, by Product Type / Mode

12.2.6.4. Market Revenue and Volume Forecast, by Technology / Engine Type

12.2.7. France

12.2.7.1. Market Revenue and Volume Forecast, by Fuel Type

12.2.7.2. Market Revenue and Volume Forecast, by Application / End-Use

12.2.7.3. Market Revenue and Volume Forecast, by Product Type / Mode

12.2.7.4. Market Revenue and Volume Forecast, by Technology / Engine Type

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Volume Forecast, by Fuel Type

12.2.8.2. Market Revenue and Volume Forecast, by Application / End-Use

12.2.8.3. Market Revenue and Volume Forecast, by Product Type / Mode

12.2.8.4. Market Revenue and Volume Forecast, by Technology / Engine Type

12.3. APAC

12.3.1. Market Revenue and Volume Forecast, by Fuel Type

12.3.2. Market Revenue and Volume Forecast, by Application / End-Use

12.3.3. Market Revenue and Volume Forecast, by Product Type / Mode

12.3.4. Market Revenue and Volume Forecast, by Technology / Engine Type

12.3.5. India

12.3.5.1. Market Revenue and Volume Forecast, by Fuel Type

12.3.5.2. Market Revenue and Volume Forecast, by Application / End-Use

12.3.5.3. Market Revenue and Volume Forecast, by Product Type / Mode

12.3.5.4. Market Revenue and Volume Forecast, by Technology / Engine Type

12.3.6. China

12.3.6.1. Market Revenue and Volume Forecast, by Fuel Type

12.3.6.2. Market Revenue and Volume Forecast, by Application / End-Use

12.3.6.3. Market Revenue and Volume Forecast, by Product Type / Mode

12.3.6.4. Market Revenue and Volume Forecast, by Technology / Engine Type

12.3.7. Japan

12.3.7.1. Market Revenue and Volume Forecast, by Fuel Type

12.3.7.2. Market Revenue and Volume Forecast, by Application / End-Use

12.3.7.3. Market Revenue and Volume Forecast, by Product Type / Mode

12.3.7.4. Market Revenue and Volume Forecast, by Technology / Engine Type

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Volume Forecast, by Fuel Type

12.3.8.2. Market Revenue and Volume Forecast, by Application / End-Use

12.3.8.3. Market Revenue and Volume Forecast, by Product Type / Mode

12.3.8.4. Market Revenue and Volume Forecast, by Technology / Engine Type

12.4. MEA

12.4.1. Market Revenue and Volume Forecast, by Fuel Type

12.4.2. Market Revenue and Volume Forecast, by Application / End-Use

12.4.3. Market Revenue and Volume Forecast, by Product Type / Mode

12.4.4. Market Revenue and Volume Forecast, by Technology / Engine Type

12.4.5. GCC

12.4.5.1. Market Revenue and Volume Forecast, by Fuel Type

12.4.5.2. Market Revenue and Volume Forecast, by Application / End-Use

12.4.5.3. Market Revenue and Volume Forecast, by Product Type / Mode

12.4.5.4. Market Revenue and Volume Forecast, by Technology / Engine Type

12.4.6. North Africa

12.4.6.1. Market Revenue and Volume Forecast, by Fuel Type

12.4.6.2. Market Revenue and Volume Forecast, by Application / End-Use

12.4.6.3. Market Revenue and Volume Forecast, by Product Type / Mode

12.4.6.4. Market Revenue and Volume Forecast, by Technology / Engine Type

12.4.7. South Africa

12.4.7.1. Market Revenue and Volume Forecast, by Fuel Type

12.4.7.2. Market Revenue and Volume Forecast, by Application / End-Use

12.4.7.3. Market Revenue and Volume Forecast, by Product Type / Mode

12.4.7.4. Market Revenue and Volume Forecast, by Technology / Engine Type

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Volume Forecast, by Fuel Type

12.4.8.2. Market Revenue and Volume Forecast, by Application / End-Use

12.4.8.3. Market Revenue and Volume Forecast, by Product Type / Mode

12.4.8.4. Market Revenue and Volume Forecast, by Technology / Engine Type

12.5. Latin America

12.5.1. Market Revenue and Volume Forecast, by Fuel Type

12.5.2. Market Revenue and Volume Forecast, by Application / End-Use

12.5.3. Market Revenue and Volume Forecast, by Product Type / Mode

12.5.4. Market Revenue and Volume Forecast, by Technology / Engine Type

12.5.5. Brazil

12.5.5.1. Market Revenue and Volume Forecast, by Fuel Type

12.5.5.2. Market Revenue and Volume Forecast, by Application / End-Use

12.5.5.3. Market Revenue and Volume Forecast, by Product Type / Mode

12.5.5.4. Market Revenue and Volume Forecast, by Technology / Engine Type

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Volume Forecast, by Fuel Type

12.5.6.2. Market Revenue and Volume Forecast, by Application / End-Use

12.5.6.3. Market Revenue and Volume Forecast, by Product Type / Mode

12.5.6.4. Market Revenue and Volume Forecast, by Technology / Engine Type

Chapter 13. Company Profiles

13.1. Caterpillar

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial PerFuel Typeance

13.1.4. Recent Initiatives

13.2. Cummins

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial PerFuel Typeance

13.2.4. Recent Initiatives

13.3. Generac

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial PerFuel Typeance

13.3.4. Recent Initiatives

13.4. Kohler Co.

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial PerFuel Typeance

13.4.4. Recent Initiatives

13.5. Atlas Copco

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial PerFuel Typeance

13.5.4. Recent Initiatives

13.6. MTU Onsite Energy (Rolls-Royce Power Systems)

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial PerFuel Typeance

13.6.4. Recent Initiatives

13.7. Mitsubishi Heavy Industries (MHI Power Systems)

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial PerFuel Typeance

13.7.4. Recent Initiatives

13.8. Honda Power Equipment

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial PerFuel Typeance

13.8.4. Recent Initiatives

13.9. Briggs & Stratton

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial PerFuel Typeance

13.9.4. Recent Initiatives

13.10. Wärtsila

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial PerFuel Typeance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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Frequently Asked Questions

The generator market size is expected to increase from USD 41.56 billion in 2024 to USD 67.45 billion by 2034.

The generator market is expected to grow at a compound annual growth rate (CAGR) of around 4.96% from 2025 to 2034.

The major players in the generator market include Caterpillar, Cummins, Generac, Kohler Co., Atlas Copco, MTU Onsite Energy (Rolls-Royce Power Systems), Mitsubishi Heavy Industries (MHI Power Systems), Honda Power Equipment, Briggs & Stratton, Wärtsila, Doosan Portable Power, FG Wilson (a Caterpillar brand), SDMO Industries (Kohler Group), Himoinsa Yanmar Power Technology, Perkins (aka engine supplier brand), Hyundai Power Systems / Hyundai Heavy Industries, Aggreko, Kohler-SDMO, and Kohler Power Systems.

The driving factors of the generator market are the rising demand for reliable backup power solutions, driven by the increasing frequency of power outages, rapid industrialization, and the expansion of data centers and infrastructure projects worldwide.

Asia Pacific region will lead the global generator market during the forecast period 2025 to 2034.