March 2025
The global industrial generator market size is calculated at USD 22.53 billion in 2025 and is forecasted to reach around USD 38.22 billion by 2034, accelerating at a CAGR of 6.10% from 2025 to 2034. The Asia Pacific industrial generator market size surpassed USD 13.74 billion in 2025 and is expanding at a CAGR of 6.19% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
The global industrial generator market size was accounted for USD 21.15 billion in 2024 and is anticipated to reach around USD 38.22 billion by 2034, growing at a CAGR of 6.10% from 2025 to 2034.
The Asia Pacific industrial generator market size was evaluated at USD 12.90 billion in 2024 and is predicted to be worth around USD 23.51 billion by 2034, rising at a CAGR of 6.19% from 2025 to 2034.
Asia Pacific dominated the global industrial generator market with the largest market share of 61% in 2024. The expansion of industrial enterprises and the inadequacy of electricity grids to support an increased demand will both favorably affect market development. The manufacturing sector's rapid expansion and frequent power outages will improve the economy's prospects. The industrial value will also be complemented by rising production, rising financial losses due to outages, and the rising importance of dependable backup generator solutions.
Energy is in more demand than it is in supply everywhere in the world. Numerous benefits, including cheap running costs and improved fuel efficiency, come with generating units. As a result, they are very well-liked in developing countries, particularly in the Asia-Western pacific. Along with its many benefits, it also had several disadvantages, including excessive noise and the release of dangerous gases. The World Nuclear Organization has predicted that the amount of electricity needed will double what is currently consumed. Solar energy will remain the most readily available electricity source, according to the U.S. Department of Energy. Due to escalating expenses of rolling blackouts across many service firms & server farms as well as growing customer awareness of the need for dependable emergency electricity supply, the industry in the U.S. is predicted to experience significant expansion. The economy is also influenced by the increased susceptibility of grid power plants to catastrophes brought on by shifting local weather patterns. Manufacturers, installers, maintainers, and repairers of generator systems are essentially the responsibility of solution providers in the diesel generator market. Customers who use generators as disaster backup power systems for commercial settings, household settings, and small businesses enter into contracts for product availability and service with generation dealerships or electrical subcontractors. Additionally, businesses employ a monitoring engineer to oversee a significant number of generating in large-scale operations.
The market need for commercial generators would be boosted by rising dependence on energy and supplier security. Strict environmental regulations for renewable energy and a growing interest in greener sources will accelerate the expansion of the commercial generator industry. The industry picture will be aided by the increasing demand for a consistent and dependable supply of power from end users such as production facilities, oil, and natural gas amenities, mining operations, and building sites. A focus shifted towards protracted outages and stricter government regulations will both help the sector to advance. Government restrictions on the production of hazardous carbon dioxide are predicted to increase the market share of gas-powered generators over generating units. All end-use sectors' demand for generating units is predicted to be constrained by this trend. However, one of the main elements supporting the current demand for diesel generators is their cheap running costs & low upfront outlay.
Report Coverage | Details |
Market Size in 2025 | USD 22.53 Billion |
Market Size by 2034 | USD 38.22 Billion |
Growth Rate from 2025 to 2034 | CAGR of 6.10% |
Base Year | 2024 |
Forecast Period | 2025 to 2034 |
Segments Covered | Power Rating, End-Use, Application, Fuel |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
The ≤ 75 kVA segment contributed the highest market share in 2024. These machines provide a sufficient way to power big machinery such as belt conveyors, excavators, and digging equipment. Additionally, greater use of these on-site generators to power sophisticated drilling rigs in isolated, off-grid sites will promote industry growth.
The >75 kVA to 375 kVA generation industry will benefit from continuous building infrastructure and the housing boom. The importance of different gensets is in the construction sector, which needs power for the ongoing investigation of machinery and tools on job sites. The business environment will be boosted by the units' expanding ability to offer power to construction sites without having access to electricity.
The supremacy of this generator will be maintained by the widespread use of this technology for backup power generation on O&G fields and construction sites. The industrial demand will increase as on-site gensets are often used in distant places to power directional drilling. The economy has evolved and will be accelerated by the increasing penetration of important electronic loads and the rising requirement for stable & dependable power sources. Due to a growing need for a consistent power supply to run an assembly line, the manufacturing sector is expected to encourage the product rollout. Unexpected blackouts in a manufacturing facility can also result in construction delays, waste of raw materials, and missed goals, all of which will increase the demand for the product. Key benefits of the product include increased capacity, great endurance, and high volatility rates, which boost its commercial potential.
Due to the robust infrastructure development & rebounding industry, the standby application section of the industrial generators market is exceed by 2034. The business environment will be boosted by the vast array of applications across utility companies, mines, and building sites. When the amount of energy that can be taken from the power grid is restricted, these units are typically used. Increased government initiatives to boost electricity rates will heavily rely on prime power units. Further applications for such systems include supporting the primary grid or integrating renewable energy sources to improve the erratic electricity supply.
Through 2034, the market for diesel industry generators is anticipated to grow at a CAGR of much more than 6.4%. These units offer important advantages including scalable, adaptable, and temperature operation, which accelerates corporate expansion. Low initial costs and constant access to power are other important variables influencing the industry environment. The current industrialization will cause operating businesses' power needs to climb significantly, which will encourage market growth.
By Power Rating
By End-Use
By Application
By Fuel
By Geography
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