Generators Market - A Global and Regional Analysis: Focus on Application, Product, and Region - Analysis and Forecast, 2025-2034

June 2025 | - | ID: G93B6AC41AD3EN
BIS Research Inc.

Abstracts

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This report will be delivered in 7-10 working days.Introduction to the Global Generators Market (Including Market in 2023 and Beyond)

The worldwide demand for generators is poised to grow steadily as industries, commercial establishments, and residential users seek reliable backup power amid grid instabilities, natural disasters, and expanding electrification needs. By 2023, factors such as digital transformation, data center proliferation, and infrastructure developments significantly drive generator adoption. Over the coming decade (2023–2034), advancements in fuel systems (e.g., hydrogen, biofuels) and an increased focus on sustainability are likely to reshape the market, as end users adopt cleaner, high-efficiency solutions. Meanwhile, integration with smart monitoring and IoT-based controls will enhance generator reliability, simplifying operations and service.

Segmentation by Application

• Industrial:

o Large manufacturing, construction, mining sites, and heavy industries often requiring high-capacity, continuous-duty gensets.

o Focus on robust performance, extended runtime, and custom solutions that address varying load profiles.

• Commercial:

o Retail, office buildings, hospitals, and hotels prioritizing stable power to protect operations and sensitive equipment.

o Typically medium-sized generators, emphasizing automated transfer and quiet operation.

• Residential:

o Smaller standby or portable units that cater to home backup requirements, increasingly in disaster-prone regions.

o Emerging demand for “green” or hybrid solutions in some markets.

• Recreational & Mobile Applications:

o Portable, trailer-mounted, or RV-based gensets used for camping, outdoor events, or mobile businesses.

o Emphasis on compactness, ease of transport, and low noise.

Segmentation by Product

• By Fuel Type

o Diesel: Traditional, high-torque, widely used for heavy-duty applications with extensive distribution networks.

o Natural Gas (Including Propane): Cleaner combustion, growing in commercial/residential segments.

o Gasoline (Petrol): Common in smaller, portable units; well-suited for short-term, light loads.

o Solar Generators: Rely on solar panels and battery storage, favored for eco-friendly and quiet operation.

o HVO/Biofuel Generators: Low-carbon approach meeting sustainability targets.

o Hydrogen Fuel Cells (including Methanol): Emerging technology with zero-emission potential.

• By Installation

o Stationary Generator Sets: Fixed installations for industrial, residential, commercial backup with robust enclosures and permanent connections.

o Mobile Generator Sets: Portable or trailer-mounted, flexible for construction sites, events, or emergency deployment.

o Skid-Mounted: Modular systems, frequently used in oil & gas, mining, or remote infrastructure, simplifying transport and setup.

Regional Overview

• North America

o Mature market with emphasis on reliability, high-tier emission standards, especially in the U.S.

o Frequent weather-related outages drive residential backup demand, while data center growth spurs large industrial units.

• Europe

o Tightening emissions rules (Stage V, etc.) leading to advanced engine technologies.

o Data center expansions and robust healthcare/institutional backups remain key drivers.

• Asia-Pacific

o Rapid industrial growth and infrastructure projects spurring major generator demand (particularly in China, India, Southeast Asia).

o Varied fuel preferences; diesel still prominent, though gas-based units climb due to environmental pressures.

• Rest-of-the-World

o Latin America invests in bridging power infrastructure gaps; Middle East & Africa focus on oil & gas expansions, large events, and industrial uptime.

Trend in the Market

A dominant trend is the rising adoption of cleaner, alternative-fuel generators, such as natural gas, hydrogen, or hybrid renewable power solutions. This is partly driven by emissions regulations, corporate ESG targets, and end-user demand for sustainable backup power.

Driver in the Market

Increasing frequency of power outages and grid instability acts as a prime driver. Industrial processes, critical infrastructures like hospitals, and commercial facilities need uninterruptible power, pushing them to invest in both standby and prime generator solutions.

Restraint in the Market

Despite the need for backup power, stringent regulations and noise/emission concerns can hamper adoption, particularly in densely populated or environmentally sensitive areas. Manufacturers must innovate to meet stricter standards, raising costs.

Opportunity in the Market

Emerging hydrogen fuel cell and solar-powered generator segments represent a significant opportunity. As technology matures and production scales, these low or zero-emission solutions can attract customers seeking to reduce carbon footprints, potentially unlocking new high-growth niches within the generator industry.

Some prominent names established in this market are:

• Cummins Inc.
• Kohler
• Caterpillar Inc.
• Generac Power Systems, Inc.
• Atlas Copco
• Aggreko
• Kirloskar Brothers (and related Kirloskar companies)
• Doosan
• Deutz AG
• Jackery Inc.
• Bluetti Power
• EcoFlow Technology
• Proton Motor Fuel Cell GmbH
• SFC Energy AG
• Wolftank-Adisa Holding AG

Contents

Executive Summary
Scope and Definition
Market/Product Definition
Key Questions Answered
Analysis and Forecast Note

1. MARKETS: INDUSTRY OUTLOOK

1.1 Trends: Current and Future Impact Assessment
1.2 Supply Chain Overview
  1.2.1 Value Chain Analysis
  1.2.2 Pricing Forecast
1.3 R&D Review
  1.3.1 Patent Filing Trend by Country, by Company
1.4 Regulatory Landscape
1.5 Stakeholder Analysis
1.6 Market Dynamics Overview
  1.6.1 Market Drivers
  1.6.2 Market Restraints
  1.6.3 Market Opportunities
1.7 Startup Funding Summary

2. GLOBAL GENERATORS MARKET BY APPLICATION

2.1 Application Summary
2.2 Global Generators Market, by Application, Volume and Value 2024-2034
  2.2.1 Industrial
  2.2.2 Commercial
  2.2.3 Residential
  2.2.4 Recreational and Mobile Applications

3. GLOBAL GENERATORS MARKET BY PRODUCT

3.1 Product Summary
3.2 Global Generators Market, by Fuel Type Value and Volume, 2024-2034
  3.2.1 Renewable
    3.2.1.1 Diesel
    3.2.1.2 Natural Gas (Including Propane)
    3.2.1.3 Gasoline (Petrol)
  3.2.2 Non-Renewable
    3.2.2.1 Solar Generators
    3.2.2.2 HVO/ Biofuel Generators
    3.2.2.3 Hydrogen Fuel Cells Gensets (including Methanol Fuel Cell)
3.3 Global Generators Market, by Installation Value and Volume, 2024-2034
  3.3.1 Stationary Generator Sets
    3.3.1.1 Industrial
    3.3.1.2 Residential
    3.3.1.3 Commercial
  3.3.2 Mobile Generator Sets
    3.3.2.1 Portable Generators
    3.3.2.2 RV or Vehicle Mounted Generators
    3.3.2.3 Trailer Mounted Generators
  3.3.3 Skid-Mounted Generator Sets

4. GLOBAL GENERATORS MARKET BY REGION

4.1 Global Generators Market - by Region
4.2 North America
  4.2.1 Markets
    4.2.1.1 Key Market Participants in North America
    4.2.1.2 Business Drivers
    4.2.1.3 Business Challenges
  4.2.2 Application
  4.2.3 Product
  4.2.4 North America (by Country)
    4.2.4.1 U.S.
      4.2.4.1.1 Market by Application
      4.2.4.1.2 Market by Product
    4.2.4.2 Canada
      4.2.4.2.1 Market by Application
      4.2.4.2.2 Market by Product
    4.2.4.3 Mexico
      4.2.4.3.1 Market by Application
      4.2.4.3.2 Market by Product
4.3 Europe
  4.3.1 Markets
    4.3.1.1 Key Market Participants in Europe
    4.3.1.2 Business Drivers
    4.3.1.3 Business Challenges
  4.3.2 Application
  4.3.3 Product
  4.3.4 Europe (By Country)
    4.3.4.1 Germany
      4.3.4.1.1 Market by Application
      4.3.4.1.2 Market by Product
    4.3.4.2 France
      4.3.4.2.1 Market by Application
      4.3.4.2.2 Market by Product
    4.3.4.3 U.K
      4.3.4.3.1 Market by Application
      4.3.4.3.2 Market by Product
    4.3.4.4 Netherlands
      4.3.4.4.1 Market by Application
      4.3.4.4.2 Market by Product
    4.3.4.5 Italy
      4.3.4.5.1 Market by Application
      4.3.4.5.2 Market by Product
    4.3.4.6 Others
      4.3.4.6.1 Market by Application
      4.3.4.6.2 Market by Product
4.4 Asia-Pacific
  4.4.1 Markets
    4.4.1.1 Key Market Participants in Asia-Pacific
    4.4.1.2 Business Drivers
    4.4.1.3 Business Challenges
  4.4.2 Application
  4.4.3 Product
  4.4.4 Asia-Pacific (by Country)
    4.4.4.1 China
      4.4.4.1.1 Market by Application
      4.4.4.1.2 Market by Product
    4.4.4.2 Japan
      4.4.4.2.1 Market by Application
      4.4.4.2.2 Market by Product
    4.4.4.3 Australia
      4.4.4.3.1 Market by Application
      4.4.4.3.2 Market by Product
    4.4.4.4 South Korea
      4.4.4.4.1 Market by Application
      4.4.4.4.2 Market by Product
    4.4.4.5 India
      4.4.4.5.1 Market by Application
      4.4.4.5.2 Market by Product
    4.4.4.6 Others
      4.4.4.6.1 Market by Application
      4.4.4.6.2 Market by Product
4.5 Rest-of-the-World
  4.5.1 Markets
    4.5.1.1 Key Market Participants in Rest-of-the-World
    4.5.1.2 Business Drivers
    4.5.1.3 Business Challenges
  4.5.2 Application
  4.5.3 Product
  4.5.4 Rest-of-the-World (by Region)
    4.5.4.1 South America
      4.5.4.1.1 Market by Application
      4.5.4.1.2 Market by Product
    4.5.4.2 Middle East and Africa
      4.5.4.2.1 Market by Application
      4.5.4.2.2 Market by Product

5. MARKETS- COMPETITIVE BENCHMARKING AND COMPANIES PROFILED

5.1 Next Frontier
5.2 Geographical Analysis
5.3 Competitive Benchmarking
5.4 Company Profiles
  5.4.1 Cummins Inc.
    5.4.1.1 Overview
    5.4.1.2 Top Products / Product Portfolio
    5.4.1.3 Top Competitors
    5.4.1.4 Target Customers/End-Users
    5.4.1.5 Key Personnel
    5.4.1.6 Analyst View
    5.4.1.7 Market Share
  5.4.2 Kohler
    5.4.2.1 Overview
    5.4.2.2 Top Products / Product Portfolio
    5.4.2.3 Top Competitors
    5.4.2.4 Target Customers/End-Users
    5.4.2.5 Key Personnel
    5.4.2.6 Analyst View
    5.4.2.7 Market Share
  5.4.3 Caterpillar Inc.
    5.4.3.1 Overview
    5.4.3.2 Top Products / Product Portfolio
    5.4.3.3 Top Competitors
    5.4.3.4 Target Customers/End-Users
    5.4.3.5 Key Personnel
    5.4.3.6 Analyst View
    5.4.3.7 Market Share
  5.4.4 Generac Power Systems, Inc.
    5.4.4.1 Overview
    5.4.4.2 Top Products / Product Portfolio
    5.4.4.3 Top Competitors
    5.4.4.4 Target Customers/End-Users
    5.4.4.5 Key Personnel
    5.4.4.6 Analyst View
    5.4.4.7 Market Share
  5.4.5 Atlas Copco
    5.4.5.1 Overview
    5.4.5.2 Top Products / Product Portfolio
    5.4.5.3 Top Competitors
    5.4.5.4 Target Customers/End-Users
    5.4.5.5 Key Personnel
    5.4.5.6 Analyst View
    5.4.5.7 Market Share
  5.4.6 Aggreko
    5.4.6.1 Overview
    5.4.6.2 Top Products / Product Portfolio
    5.4.6.3 Top Competitors
    5.4.6.4 Target Customers/End-Users
    5.4.6.5 Key Personnel
    5.4.6.6 Analyst View
    5.4.6.7 Market Share
  5.4.7 Kirloskar Brothers (Not Including Kirloskar Oil Engines Limited.)
    5.4.7.1 Overview
    5.4.7.2 Top Products / Product Portfolio
    5.4.7.3 Top Competitors
    5.4.7.4 Target Customers/End-Users
    5.4.7.5 Key Personnel
    5.4.7.6 Analyst View
    5.4.7.7 Market Share
  5.4.8 Doosan
    5.4.8.1 Overview
    5.4.8.2 Top Products / Product Portfolio
    5.4.8.3 Top Competitors
    5.4.8.4 Target Customers/End-Users
    5.4.8.5 Key Personnel
    5.4.8.6 Analyst View
    5.4.8.7 Market Share
  5.4.9 Deutz AG.
    5.4.9.1 Overview
    5.4.9.2 Top Products / Product Portfolio
    5.4.9.3 Top Competitors
    5.4.9.4 Target Customers/End-Users
    5.4.9.5 Key Personnel
    5.4.9.6 Analyst View
    5.4.9.7 Market Share
  5.4.10 Jackery Inc.
    5.4.10.1 Overview
    5.4.10.2 Top Products / Product Portfolio
    5.4.10.3 Top Competitors
    5.4.10.4 Target Customers/End-Users
    5.4.10.5 Key Personnel
    5.4.10.6 Analyst View
    5.4.10.7 Market Share
  5.4.11 Bluetti Power.
    5.4.11.1 Overview
    5.4.11.2 Top Products / Product Portfolio
    5.4.11.3 Top Competitors
    5.4.11.4 Target Customers/End-Users
    5.4.11.5 Key Personnel
    5.4.11.6 Analyst View
    5.4.11.7 Market Share
  5.4.12 EcoFlow Technology
    5.4.12.1 Overview
    5.4.12.2 Top Products / Product Portfolio
    5.4.12.3 Top Competitors
    5.4.12.4 Target Customers/End-Users
    5.4.12.5 Key Personnel
    5.4.12.6 Analyst View
    5.4.12.7 Market Share
  5.4.13 Proton Motor Fuel Cell GmbH.
    5.4.13.1 Overview
    5.4.13.2 Top Products / Product Portfolio
    5.4.13.3 Top Competitors
    5.4.13.4 Target Customers/End-Users
    5.4.13.5 Key Personnel
    5.4.13.6 Analyst View
    5.4.13.7 Market Share
  5.4.14 SFC Energy AG
    5.4.14.1 Overview
    5.4.14.2 Top Products / Product Portfolio
    5.4.14.3 Top Competitors
    5.4.14.4 Target Customers/End-Users
    5.4.14.5 Key Personnel
    5.4.14.6 Analyst View
    5.4.14.7 Market Share
  5.4.15 Wolftank-Adisa Holding AG
    5.4.15.1 Overview
    5.4.15.2 Top Products / Product Portfolio
    5.4.15.3 Top Competitors
    5.4.15.4 Target Customers/End-Users
    5.4.15.5 Key Personnel
    5.4.15.6 Analyst View
    5.4.15.7 Market Share

6. RESEARCH METHODOLOGY