Power Generators Market Report 2025 (Global Edition)

Global Power Generators Market Report 2025 Market Size Split by Type (Gas Generator, Diesel Generator, CKD Generator), by Capacity (Below 75kva, 75-375 Kva, 375-750 Kva, Above 750 Kva), by End Users (...

Power Generators Market Report Description

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Power Generators Market Insights Video

Competitive Landscape of the Power Generators Market

In the Power Generators market's competitive landscape, numerous key competitors are driving innovation and growth. Companies invest heavily in research and development to enhance generator efficiency, reduce emissions, and improve reliability. Key players are continually adapting their strategies to address market demands, regulatory changes, and competitive pressures, positioning themselves to capitalize on growth opportunities in a rapidly evolving energy environment.

In August 2022, Pramac, a leader in power generators and handling equipment, launched its new range of stationary diesel products. Designed with the customer in mind, this range aims to fulfill or surpass the requirements of various applications, offering power capacities from 10kVA to 820kVA. This new lineup enhances Pramac's existing GSW series, addressing future operational challenges. (Source: https://corporate.pramac.com/pramac-launches-new-stationary-diesel-generator-line-gdw-series/ )

Top Companies Market Share in Power Generators Industry: (In no particular order of Rank)

• Caterpillar Inc. (U.S.)
• Aggreko (U.K.)
• Cummins Inc. (U.S.)
• Himoinsa (Spain)
• John Deere (U.S.)
• Kohler SDMO (France)
• PRAMAC (Italy)
• Kirloskar Electric Co. Ltd. (India)
• Generac Power Systems (U.S.)
• FG Wilson (U.K.)
• Atlas Copco (Sweden)
• American Honda Motor Company Inc. (U.S.)
• Briggs & Stratton (U.S.)
• Ingersoll Rand (U.S.)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Power Generators Market

Which Region Dominates the Power Generators Market in 2024?

According to Cognitive Market Research, North America currently dominates the Power Generators market, and the region is expected to have significant growth during the projected period. The increasing population and urbanization in North America are leading to a rise in electricity consumption. In 2022, U.S. electricity end-use consumption grew by approximately 3.2% compared to 2021. Retail electricity sales to the residential sector saw a 2.6% increase, while sales to the commercial sector rose by 4.7%. The industrial sector also experienced a 2.0% increase in retail electricity sales. As urbanization accelerates, the demand for reliable power solutions in residential and commercial areas continues to grow, driving the need for expanded power generation capacity to meet this rising energy demand.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). Asia-Pacific nations, particularly China and India, serve as key centers for global manufacturing and industrial activity. In FY23, manufacturing exports reached an all-time high of US$ 447.46 billion, growing by 6.03% compared to the previous year’s record of US$ 422 billion. By 2030, India’s middle class is projected to account for 17% of global consumption, the second-largest share worldwide. India’s gross value added (GVA) in Q1 of FY24 was estimated at US$ 770.08 billion, with the manufacturing sector having the potential to reach US$ 1 trillion by 2025-26. Industries such as steel, cement, automotive, electronics, and textiles depend on a continuous and reliable power supply to sustain production. Power generators play a vital role in providing backup power, preventing costly downtimes, and boosting demand for industrial-grade generators in the region.

The current report Scope analyzes Power Generators Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Power Generators

According to Cognitive Market Research, the global Power Generators market size was estimated at USD 24614.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 9845.6 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Power Generators market with a market size of USD 7768.2 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. In the U.S., the demand for the Power Generators market is driven by the increasing electricity consumption due to population growth.
• The Canada Power Generators market had a market share of USD 1181.4 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. In Canada, the demand for the Power Generators market is driven by the Growth in industrial and commercial facilities.
• The Mexico Power Generators market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 895.96 million in 2024.

Europe Power Generators

According to Cognitive Market Research, the global Power Generators market size was estimated at USD 24614.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 7384.2 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• The United Kingdom Power Generators market had a market share of USD 1240.56 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. In the UK, the demand for the Power generator market is driven by a growing number of data centers and industrial facilities requiring reliable backup power solutions.
• The France Power Generators market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 679.35 million in 2024.
• According to Cognitive Market Research, the German Power Generators market size was valued at USD 1462.08 million in 2024 and is projected to grow at a CAGR of 4.9% during the forecast period. In Germany, the demand for the Power Generators Market is driven by the expansion of manufacturing and industrial sectors, coupled with the rise in renewable energy projects.
• The Italy Power Generators market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 635.05 million in 2024.
• The Russian Power Generators market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 1144.56 million in 2024.
• The Spain Power Generators market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 605.51 million in 2024
• The Luxembourg Power Generators market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 228.91 million in 2024.
• The Portugal Power Generators market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 155.07 million in 2024.
• The Greece Power Generators market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 88.61 million in 2024.
• The Rest of Europe's Power Generators market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 1144.56 million in 2024.

Asia Pacific Power Generators

According to Cognitive Market Research, the global Power Generators market size was estimated at USD 24614.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 5661.2 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Power Generators market size was valued at USD 2547.57 million in 2024 and is projected to grow at a CAGR of 7.7% during the forecast period. In China, the demand for the Power Generators market is driven by the rapidly growing manufacturing sector supported by favorable government norms.
• The Japan Power Generators market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 781.25 million in 2024.
• The India Power Generators market had a market share of USD 679.35 million in 2024 and is projected to grow at a CAGR of 10.0% during the forecast period. India's rising number of infrastructure projects and the growth in residential real estate, driving market growth.
• The South Korean Power Generators market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 566.13 million in 2024.
• The Australian Power Generators market is projected to witness growth at a CAGR of 7.9% during the forecast period, with a market size of USD 294.39 million in 2024.
• The South East Asia Power Generators market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 390.63 million in 2024.
• The Rest of Asia Pacific Power Generators market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 401.95 million in 2024.

South America Power Generators

According to Cognitive Market Research, the global Power Generators market size was estimated at USD 24614.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 1230.7 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Power Generators market size was valued at USD 526.74 million in 2024 and is projected to grow at a CAGR of 6.2% during the forecast period. In Brazil, the demand for the Power Generators market is driven by the expansion of the oil and gas industry, particularly in offshore production, as well as the need for reliable backup power in industrial and residential sectors due to frequent power outages.
• Argentina's Power Generators market had a market share of USD 206.76 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. In Argentina, the demand for the Power Generators market is driven by the development of shale oil reserves and the country's growing energy needs.
• Colombia Power Generators market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 109.53 million in 2024.
• Peru Power Generators market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 100.92 million in 2024.
• Chile's Power Generators market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 88.61 million in 2024.
• The Rest of Latin America's Power Generators market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 198.14 million in 2024.

Middle East Power Generators

According to Cognitive Market Research, the global Power Generators market size was estimated at USD 24614.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 492.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.

• The GCC Countries Power Generators market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 210.70 million in 2024. Power Generator sales flourish due to investments in sectors such as tourism, oil and gas, and industrial expansion.
• The Egypt Power Generators market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 51.69 million in 2024.
• The South Africa Power Generators market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 77.78 million in 2024. In South Africa, the demand for the Power Generators Market is driven by the increasing adoption of renewable energy sources and hybrid systems.
• The Turkey Power Generators market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 42.34 million in 2024.
• The Nigeria Power Generators market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 51.69 million in 2024.
• The Rest of the MEA Power Generators market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 58.09 million in 2024.

Power Generators Market Analysis

Power Generators Market Type Segment Analysis

According to Cognitive Market Research, PC Power Generators are likely to dominate the Power Generators Market over the forecast period. As extreme weather events, power outages, and grid failures become more frequent, there is an increasing need for reliable backup power solutions. PC power generators are highly favored for their portability, making them ideal for residential homes, small businesses, and temporary commercial setups. These generators provide an efficient and quick solution for power interruptions.

Mobile Power Generators is the fastest-growing segment in the Power Generators Market. Natural disasters, such as hurricanes, earthquakes, and floods, can severely disrupt power supply. Mobile generators are crucial in providing immediate backup power during emergencies and facilitating the operation of critical services like healthcare, transportation, and emergency shelters. As climate change increases the frequency and intensity of such events, the demand for reliable mobile generators is rising.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Power Generators Industry. Request a Free Sample PDF!

Power Generators Market Capacity Segment Analysis

According to Cognitive Market Research, The Above 750 Kva segment holds the largest market share. Industries such as manufacturing, mining, oil and gas, chemical processing, and steel production require a continuous, reliable power supply to maintain high-capacity operations. Power outages in these industries can result in significant financial losses due to downtime and potential damage to equipment. Generators with capacities above 750 kVA are capable of powering entire production lines and industrial facilities, making them crucial in these heavy-duty applications.

In the Power Generators market, the rapidly growing sector is the 375-750 Kva category. The growth of the commercial real estate sector, along with large-scale infrastructure development, is driving demand for generators in the 375–750 kVA segment. These generators are widely used to provide backup power in commercial buildings, shopping malls, hotels, office complexes, and airports, where an uninterrupted power supply is critical for the safety and comfort of occupants. Power generators in this range ensure that essential systems such as elevators, HVAC (heating, ventilation, and air conditioning), and lighting remain operational during power outages in large commercial properties.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Power Generators End Users Segment Analysis

Power Generators Market End-Use Segment Analysis

According to Cognitive Market Research, The Manufacturing segment holds the largest market share. The shift towards automation, smart manufacturing, and Industry 4.0 technologies has significantly increased the dependence on reliable power sources. Automation systems, robotics, and advanced machinery all require uninterrupted power for seamless operation. Automated manufacturing systems operate continuously, and even brief power interruptions can result in downtime, delays, and production losses. To avoid these disruptions, manufacturing facilities are increasingly investing in power generators as backup sources.

In the Power Generators market, the rapidly growing sector is the Power Generators for Oil and Gas category. Oil and gas exploration, drilling, and production often take place in remote areas, where access to the main power grid is either unreliable or nonexistent. These locations, particularly in offshore rigs, deserts, or deep-forest regions, require a reliable and independent source of power for uninterrupted operations. Offshore drilling platforms, in particular, rely heavily on generators to power critical operations such as drilling, lighting, pumping, and communication. Similarly, onshore oil fields and refineries in remote areas need robust backup power solutions to maintain continuous production.

• Mining
• Oil And Gas
• Construction
• Residential
• Marine
• Manufacturing
• Pharmaceuticals
• Commercial
• Others

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

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