Industrial Generator Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 – 2034
The Global Industrial Generator Market, valued at USD 21.5 billion in 2024, is anticipated to grow at a robust CAGR of 7.1% from 2025 to 2034. This growth is driven by the rapid pace of industrialization, infrastructure advancements in emerging economies, and the increasing need for reliable and uninterrupted power supply in various sectors.
Industrial generators are designed to provide consistent electrical power during outages or in locations where grid access is unavailable or unreliable. These generators ensure seamless operations in critical industrial settings, support peak energy demands, and power remote areas. Technological advancements have further refined these systems, leading to the development of fuel-efficient and environmentally friendly models that align with stricter sustainability standards.
Generators with a capacity between 375 kVA and 750 kVA are projected to generate over USD 12 billion by 2034. Their capability to handle demanding industrial tasks and power-intensive equipment makes them a preferred choice for industries requiring heavy-duty and reliable power solutions. Additionally, their suitability for remote and off-grid locations enhances their appeal in meeting diverse energy needs.
The diesel-powered segment of the industrial generator market is expected to grow at a rate exceeding 6.5% through 2034. Diesel generators remain popular due to their adaptability, scalability, and ability to perform in varied weather conditions. Their relatively lower upfront costs and consistent power output make them an attractive option across industries. Rising industrial energy demands further contribute to the expansion of this segment.
In the U.S., the industrial generator market is set to surpass USD 6 billion by 2034. Manufacturing activities are expected to be a significant driver, as continuous power is essential to maintain operational efficiency. Businesses are increasingly adopting these systems to mitigate the impact of power outages, which can lead to significant production and financial losses. The durability, reliability, and high capacity of industrial generators contribute to their growing adoption.
Asia Pacific is poised to witness significant market growth due to government efforts to enhance electrification and expand industrial infrastructure. Industrial generators are increasingly used as primary power sources or in tandem with renewable energy systems to ensure a stable electricity supply. Frequent power outages and the rising cost of disruptions to production underline the importance of dependable backup solutions, further fueling market growth in this region.
Industrial generators are designed to provide consistent electrical power during outages or in locations where grid access is unavailable or unreliable. These generators ensure seamless operations in critical industrial settings, support peak energy demands, and power remote areas. Technological advancements have further refined these systems, leading to the development of fuel-efficient and environmentally friendly models that align with stricter sustainability standards.
Generators with a capacity between 375 kVA and 750 kVA are projected to generate over USD 12 billion by 2034. Their capability to handle demanding industrial tasks and power-intensive equipment makes them a preferred choice for industries requiring heavy-duty and reliable power solutions. Additionally, their suitability for remote and off-grid locations enhances their appeal in meeting diverse energy needs.
The diesel-powered segment of the industrial generator market is expected to grow at a rate exceeding 6.5% through 2034. Diesel generators remain popular due to their adaptability, scalability, and ability to perform in varied weather conditions. Their relatively lower upfront costs and consistent power output make them an attractive option across industries. Rising industrial energy demands further contribute to the expansion of this segment.
In the U.S., the industrial generator market is set to surpass USD 6 billion by 2034. Manufacturing activities are expected to be a significant driver, as continuous power is essential to maintain operational efficiency. Businesses are increasingly adopting these systems to mitigate the impact of power outages, which can lead to significant production and financial losses. The durability, reliability, and high capacity of industrial generators contribute to their growing adoption.
Asia Pacific is poised to witness significant market growth due to government efforts to enhance electrification and expand industrial infrastructure. Industrial generators are increasingly used as primary power sources or in tandem with renewable energy systems to ensure a stable electricity supply. Frequent power outages and the rising cost of disruptions to production underline the importance of dependable backup solutions, further fueling market growth in this region.
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Market scope & definitions
1.2 Market estimates & forecast parameters
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid
1.4.2.2 Public
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry synopsis, 2021 - 2034
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.2 Regulatory landscape
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.2 Industry pitfalls & challenges
3.4 Growth potential analysis
3.5 Porter's Analysis
3.5.1 Bargaining power of suppliers
3.5.2 Bargaining power of buyers
3.5.3 Threat of new entrants
3.5.4 Threat of substitutes
3.6 PESTEL Analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2024
4.1 Introduction
4.2 Strategic outlook
4.3 Innovation & sustainability landscape
CHAPTER 5 MARKET SIZE AND FORECAST, BY POWER RATING, 2021 – 2034 ('000 UNITS & USD MILLION)
5.1 Key trends
5.2 ? 75 kVA
5.3 > 75 kVA - 375 kVA
5.4 > 375 KVA - 750 kVA
5.5 > 750 kVA
CHAPTER 6 MARKET SIZE AND FORECAST, BY END USE, 2021 – 2034 ('000 UNITS & USD MILLION)
6.1 Key trends
6.2 Oil & gas
6.3 Manufacturing
6.4 Construction
6.5 Electric utilities
6.6 Mining
6.7 Transport & logistics
6.8 Others
CHAPTER 7 MARKET SIZE AND FORECAST, BY APPLICATION, 2021 – 2034 ('000 UNITS & USD MILLION)
7.1 Key trends
7.2 Standby
7.3 Peak shaving
7.4 Prime/continuous
CHAPTER 8 MARKET SIZE AND FORECAST, BY FUEL, 2021 – 2034 ('000 UNITS & USD MILLION)
8.1 Key trends
8.2 Diesel
8.3 Gas
8.4 Others
CHAPTER 9 MARKET SIZE AND FORECAST, BY REGION, 2021 – 2034 ('000 UNITS & USD MILLION)
9.1 Key trends
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 Russia
9.3.2 UK
9.3.3 Germany
9.3.4 France
9.3.5 Spain
9.3.6 Austria
9.3.7 Italy
9.4 Asia Pacific
9.4.1 China
9.4.2 Australia
9.4.3 India
9.4.4 Japan
9.4.5 South Korea
9.4.6 Indonesia
9.4.7 Malaysia
9.4.8 Thailand
9.4.9 Vietnam
9.4.10 Philippines
9.4.11 Myanmar
9.5 Middle East
9.5.1 Saudi Arabia
9.5.2 UAE
9.5.3 Qatar
9.5.4 Turkey
9.5.5 Iran
9.5.6 Oman
9.6 Africa
9.6.1 Egypt
9.6.2 Nigeria
9.6.3 Algeria
9.6.4 South Africa
9.6.5 Angola
9.6.6 Kenya
9.7 Latin America
9.7.1 Brazil
9.7.2 Mexico
9.7.3 Argentina
9.7.4 Chile
CHAPTER 10 COMPANY PROFILES
10.1 Ashok Leyland
10.2 Atlas Copco
10.3 Caterpillar
10.4 Cummins
10.5 Deere & Company
10.6 FG Wilson
10.7 Generac Power Systems
10.8 Greaves Cotton
10.9 Himoinsa
10.10 JCB
10.11 Kirloskar
10.12 Kohler
10.13 Mahindra Powerol
10.14 Mitsubishi Heavy Industries
10.15 MTU Onsite Energy
10.16 Powerica
10.17 Perkins Engines Company
10.18 Supernova Genset
10.19 Wartsila
10.20 Yanmar Holdings
1.1 Market scope & definitions
1.2 Market estimates & forecast parameters
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid
1.4.2.2 Public
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry synopsis, 2021 - 2034
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.2 Regulatory landscape
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.2 Industry pitfalls & challenges
3.4 Growth potential analysis
3.5 Porter's Analysis
3.5.1 Bargaining power of suppliers
3.5.2 Bargaining power of buyers
3.5.3 Threat of new entrants
3.5.4 Threat of substitutes
3.6 PESTEL Analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2024
4.1 Introduction
4.2 Strategic outlook
4.3 Innovation & sustainability landscape
CHAPTER 5 MARKET SIZE AND FORECAST, BY POWER RATING, 2021 – 2034 ('000 UNITS & USD MILLION)
5.1 Key trends
5.2 ? 75 kVA
5.3 > 75 kVA - 375 kVA
5.4 > 375 KVA - 750 kVA
5.5 > 750 kVA
CHAPTER 6 MARKET SIZE AND FORECAST, BY END USE, 2021 – 2034 ('000 UNITS & USD MILLION)
6.1 Key trends
6.2 Oil & gas
6.3 Manufacturing
6.4 Construction
6.5 Electric utilities
6.6 Mining
6.7 Transport & logistics
6.8 Others
CHAPTER 7 MARKET SIZE AND FORECAST, BY APPLICATION, 2021 – 2034 ('000 UNITS & USD MILLION)
7.1 Key trends
7.2 Standby
7.3 Peak shaving
7.4 Prime/continuous
CHAPTER 8 MARKET SIZE AND FORECAST, BY FUEL, 2021 – 2034 ('000 UNITS & USD MILLION)
8.1 Key trends
8.2 Diesel
8.3 Gas
8.4 Others
CHAPTER 9 MARKET SIZE AND FORECAST, BY REGION, 2021 – 2034 ('000 UNITS & USD MILLION)
9.1 Key trends
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 Russia
9.3.2 UK
9.3.3 Germany
9.3.4 France
9.3.5 Spain
9.3.6 Austria
9.3.7 Italy
9.4 Asia Pacific
9.4.1 China
9.4.2 Australia
9.4.3 India
9.4.4 Japan
9.4.5 South Korea
9.4.6 Indonesia
9.4.7 Malaysia
9.4.8 Thailand
9.4.9 Vietnam
9.4.10 Philippines
9.4.11 Myanmar
9.5 Middle East
9.5.1 Saudi Arabia
9.5.2 UAE
9.5.3 Qatar
9.5.4 Turkey
9.5.5 Iran
9.5.6 Oman
9.6 Africa
9.6.1 Egypt
9.6.2 Nigeria
9.6.3 Algeria
9.6.4 South Africa
9.6.5 Angola
9.6.6 Kenya
9.7 Latin America
9.7.1 Brazil
9.7.2 Mexico
9.7.3 Argentina
9.7.4 Chile
CHAPTER 10 COMPANY PROFILES
10.1 Ashok Leyland
10.2 Atlas Copco
10.3 Caterpillar
10.4 Cummins
10.5 Deere & Company
10.6 FG Wilson
10.7 Generac Power Systems
10.8 Greaves Cotton
10.9 Himoinsa
10.10 JCB
10.11 Kirloskar
10.12 Kohler
10.13 Mahindra Powerol
10.14 Mitsubishi Heavy Industries
10.15 MTU Onsite Energy
10.16 Powerica
10.17 Perkins Engines Company
10.18 Supernova Genset
10.19 Wartsila
10.20 Yanmar Holdings
