According to our (Global Info Research) latest study, the global Power Generation Equipment market size was valued at US$ 13740 million in 2024 and is forecast to a readjusted size of USD 16460 million by 2031 with a CAGR of 2.6% during review period.
Power Generation Equipment is useful appliances that supply electrical power during a power outage and prevent discontinuity of daily activities or disruption of business operations. Power Generation Equipment is available in different electrical and physical configurations for use in different applications.
The global Power Generation Equipment key players are mainly located in US, Europe, Japan, South Korea and China, include the Caterpillar, Cummins Power Systems, Generac and Honda Power, etc. Asia-Pacific is estimated to have a major share in the global market with 39%.
Rising Energy Demand: Global economic growth and industrialization are increasing the need for electricity, driving investments in power generation infrastructure.
Shift Towards Renewable Energy: Environmental concerns and government policies are promoting renewable energy sources, boosting demand for equipment like wind turbines and solar panels.
Technological Advancements: Innovations in power generation technologies are enhancing efficiency and performance, encouraging the adoption of modern equipment.
Aging Infrastructure: In regions with outdated power systems, there's a need to replace or upgrade equipment to ensure reliable electricity supply.
Energy Security Concerns: Nations are investing in diverse power generation equipment to reduce dependence on imported energy and enhance self-sufficiency.
Economic Growth in Emerging Markets: Developing countries are expanding their power generation capacities to support industrialization and urbanization.
Government Policies and Incentives: Supportive regulations and subsidies for clean energy projects are stimulating investments in power generation equipment.
Increased Demand for Backup Power Solutions: The rise in power outages due to volatile weather has heightened the need for backup power equipment. Companies like Generac have reported increased sales, indicating a growing market for generators and related equipment.
This report is a detailed and comprehensive analysis for global Power Generation Equipment market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Power Generation Equipment market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Power Generation Equipment market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Power Generation Equipment market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Power Generation Equipment market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Power Generation Equipment
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Power Generation Equipment market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Generac, Cummins, Caterpillar, MTU, Atlas Copco, Honda Power Equipment, Multiquip, Kohler, Wacker Neuson, Briggs & Stratton, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Power Generation Equipment market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Portable Generator
Standby Generator
Market segment by Application
Residential
Industrial
Commercial
Major players covered
Generac
Cummins
Caterpillar
MTU
Atlas Copco
Honda Power Equipment
Multiquip
Kohler
Wacker Neuson
Briggs & Stratton
Yamaha
Eaton
Grupel
Hipower Systems
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Power Generation Equipment product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Power Generation Equipment, with price, sales quantity, revenue, and global market share of Power Generation Equipment from 2020 to 2025.
Chapter 3, the Power Generation Equipment competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Power Generation Equipment breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Power Generation Equipment market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Power Generation Equipment.
Chapter 14 and 15, to describe Power Generation Equipment sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Power Generation Equipment. Industry analysis & Market Report on Power Generation Equipment is a syndicated market report, published as Global Power Generation Equipment Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Power Generation Equipment market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.