North America Natural Gas Generator Market Size & Outlook
- Energy & Power
- Power Generation
- Natural Gas Generator Market Outlook
- Power Generation
Global Market
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North America natural gas generator market highlights
- The North America natural gas generator market generated a revenue of USD 3,243.2 million in 2025.
- The market is expected to grow at a CAGR of 9% from 2026 to 2033.
- In terms of segment, commercial was the largest revenue generating application in 2025.
- Commercial is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2026 to 2033.
North America data book summary
| Market revenue in 2025 | USD 3,243.2 million |
| Market revenue in 2033 | USD 6,585.1 million |
| Growth rate | 9% (CAGR from 2026 to 2033) |
| Largest segment | Commercial |
| Fastest growing segment | Commercial |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Industrial, Commercial, Residential |
| Key market players worldwide | Caterpillar Inc, Cummins Inc, Generac Holdings Inc, Mitsubishi Heavy Industries Ltd, Kohler, GE Aerospace, MTU Onsite Energy, Mahindra & Mahindra Ltd DR |
Other key industry trends
- In terms of revenue, North America region accounted for 29.8% of the global natural gas generator market in 2025.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,202.9 million by 2033.
North America, led by the U.S., Mexico, and Canada, accounted for nearly 31.44%of the global natural gas generator set market share in 2018. The presence of prominent gas generator set OEMs and EPC players, enough shale gas reserves, and developed infrastructure for transportation of natural gas have emerged as the primary driving factors for North America natural gas generator set market.
The U.S. accounted for the largest share of North America natural gas genset market in 2018 and is anticipated to progress at the fastest growth rate in North America over the forecast period owing to various factors such as the presence of shale gas reserves and increasing government focus on developing clean energy sources.
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Publish Date: Jun 11, 2026
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Natural Gas Generator Market Scope
Natural Gas Generator Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Caterpillar Inc | View profile | 121,173 | 5205 N. O'Connor Boulevard, Suite 100, Irving, TX, United States, 75039 | www.caterpillar.com |
| GE Aerospace | View profile | 125,000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | www.geaerospace.com |
| Mitsubishi Heavy Industries Ltd | View profile | 86,331 | 2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, Japan, 100-8332 | www.mhi.com |
| Cummins Inc | View profile | 75,500 | 500 Jackson Street, Box 3005, Columbus, IN, United States, 47202-3005 | www.cummins.com |
| Kohler | View profile | 10001+ | Kohler, Wisconsin, United States, North America | www.kohler.com |
| Mahindra & Mahindra Ltd DR | View profile | 61,874 | Dr. G. M. Bhosale Marg, Mahindra Towers, 5th Floor, Worli, Mumbai, MH, India, 400 018 | www.mahindra.com |
| Generac Holdings Inc | View profile | 8,600 | S45 W29290 Highway 59, Waukesha, WI, United States, 53189 | www.generac.com |
| MTU Onsite Energy | View profile | 5001-10000 | Friedrichshafen, Baden-Wurttemberg, Germany, Europe | www.mtu-online.com |
North America Natural Gas Generator Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Natural Gas Generator Market Outlook will help companies and investors design strategic landscapes.
Commercial was the largest segment with a revenue share of 48.61% in 2025.
Horizon Databook has segmented the North America natural gas generator market based on industrial, commercial, residential covering the revenue growth of each sub-segment from 2021 to 2033.
North America, led by the U.S., Mexico, and Canada, accounted for nearly 31.44%of the global natural gas generator set market share in 2018. The presence of prominent gas generator set OEMs and EPC players, enough shale gas reserves, and developed infrastructure for transportation of natural gas have emerged as the primary driving factors for North America natural gas generator set market.
The U.S. accounted for the largest share of North America natural gas genset market in 2018 and is anticipated to progress at the fastest growth rate in North America over the forecast period owing to various factors such as the presence of shale gas reserves and increasing government focus on developing clean energy sources.
- North America Natural Gas Generator Market Application Outlook (Revenue, USD Million , 2021-2033)
- Industrial
- Commercial
- Residential
- North America Natural Gas Generator Market Power Rating Outlook (Revenue, USD Million , 2021-2033)
- Medium Power Gensets
- Low Power Gensets
- HighPower Gensets
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America Natural Gas Generator Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Natural Gas Generator Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
North America Natural Gas Generator Market, 2021-2033 (US$M)
North America Application - Natural Gas Generator Market Statistics, 2025 - 2033 (US$M)
