Global Generator Sets Market Size & Outlook, 2025-2030
The global generator sets market size was estimated at USD 34,166.6 million in 2024 and is projected to reach USD 57,926.1 million by 2030, growing at a CAGR of 9.3% from 2025 to 2030.
Revenue, 2024 (US$M)
$34,166.6
Forecast, 2030 (US$M)
$57,926.1
CAGR, 2025 - 2030
9.3%
Report Coverage
Worldwide
Global generator sets market, 2018-2030 (US$M)
Related Markets
Global generator sets market highlights
- The global generator sets market generated a revenue of USD 37,050.9 million in 2025 and is expected to reach USD 57,926.1 million by 2030.
- The market is expected to grow at a CAGR (2026 - 2030) of 9.3% by 2030.
- In terms of segment, low power gensets accounted for a revenue of USD 16,229.5 million in 2025.
- Medium Power Gensets is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2025.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2026 to 2030.
Global data book summary
| Market revenue in 2025 | USD 37,050.9 million |
| Market revenue in 2030 | USD 57,926.1 million |
| Growth rate | 9.3% (CAGR from 2025 to 2030) |
| Largest segment | Low power gensets |
| Fastest growing segment | Medium Power Gensets |
| Historical data covered | 2017 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low Power Gensets, Medium Power Gensets, High Power Gensets |
Other key industry trends
- In terms of revenue, the North America accounted for 20.5% of the global generator sets market in 2025.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 1,157.8 million by 2030.
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Generator Sets Market Scope
Generator sets market segmentation & scope
Generator Sets Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| AKSA Power Generation | View profile | 1001-5000 | West Monroe, Louisiana, United States, North America | https://www.aksausa.com |
| Doosan Group | View profile | 1001-5000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | http://www.doosan.com |
| MTU Onsite Energy | View profile | 5001-10000 | Friedrichshafen, Baden-Wurttemberg, Germany, Europe | http://www.mtu-online.com |
| Generac Holdings Inc | View profile | 8600 | S45 W29290 Highway 59, Waukesha, WI, United States, 53189 | https://www.generac.com |
| Honda Motor Co Ltd | View profile | 194993 | Number 1-1, Minami-Aoyama 2-chome, Minato-ku, Tokyo, Japan, 107-8556 | https://global.honda |
| Kohler | View profile | 10001+ | Kohler, Wisconsin, United States, North America | http://www.kohler.com |
| Atlas Copco AB ADR | View profile | 53728 | Sickla Industrivag 19, Nacka, Stockholm, Sweden, SE-105 23 | https://www.atlascopcogroup.com |
| Cummins Inc | View profile | 75500 | 500 Jackson Street, Box 3005, Columbus, IN, United States, 47202-3005 | https://www.cummins.com |
| Mitsubishi Heavy Industries Ltd | View profile | 86331 | 2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, Japan, 100-8332 | https://www.mhi.com |
| Portland General Electric Co | View profile | 2842 | 121 South West Salmon Street, Portland, OR, United States, 97204 | https://www.portlandgeneral.com |
| The Cooper Companies Inc | View profile | 15000 | 6101 Bollinger Canyon Road, Suite 500, San Ramon, CA, United States, 94583 | https://www.coopercos.com |
| Wartsila Corp | View profile | 17909 | Hiililaiturinkuja 2, Helsinki, Finland, FI-00180 | https://www.wartsila.com |
| Caterpillar Inc | View profile | 121173 | 5205 N. O'Connor Boulevard, Suite 100, Irving, TX, United States, 75039 | https://www.caterpillar.com |
Global generator sets market size, by regions, 2018-2030 (US$M)
Top 10 countries: Generator sets market size, 2024 (US$M)
Global generator sets market share, by type, 2024 & 2030 (%, US$M)
Generator sets market: Opportunity assessment by country
Global generator sets market, by region, 2024 (US$M)
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