According to our (Global Info Research) latest study, the global Power Generators market size was valued at US$ 12730 million in 2024 and is forecast to a readjusted size of USD 16540 million by 2031 with a CAGR of 3.9% during review period.
A power generator is a device that converts mechanical energy into electrical energy to provide power for various applications. Generators are widely used as backup power sources or in locations without access to a centralized power grid. They are essential for ensuring continuous operation during power outages or in remote areas.
In Latin America market, key players of Power Generators include BASF, DSM, Showa Denko Materials, DOW, etc. Top five players hold a share approximately 35%. In terms of product, the Portable Generator holds a share of over 50%. And in terms of application, the largest application is Industrial ones, with a share of over 40%.
Increasing Demand for Uninterrupted and Reliable Power Supply: As global economies expand and industrial activities intensify, the need for consistent and dependable electricity becomes paramount. This demand is particularly critical in sectors where power disruptions can lead to significant operational and financial losses.
Rapid Industrialization Worldwide: Emerging economies are experiencing swift industrial growth, necessitating substantial investments in power generation infrastructure to support manufacturing and other industrial operations.
Rising Power Outages: The increasing frequency of power outages, often due to natural disasters or aging infrastructure, has heightened the need for backup power solutions. This trend drives the demand for generators capable of providing emergency power during grid failures.
Technological Advancements in Generator Design: Continuous innovations have led to the development of more efficient, quieter, and environmentally friendly generators. These advancements make generators more appealing to a broader range of consumers and industries.
Expansion of Data Centers and IT Infrastructure: The proliferation of data centers, driven by the increasing reliance on digital services and cloud computing, requires reliable power solutions. Generators play a crucial role in ensuring uninterrupted power supply to these critical facilities.
Growth in Construction and Mining Activities: Sectors such as construction and mining often operate in remote locations without access to the main power grid. Generators provide the necessary power to sustain operations in these off-grid areas.
Stringent Environmental Regulations: Regulatory frameworks aimed at reducing carbon emissions are influencing the development and adoption of cleaner and more efficient generator technologies, such as those utilizing natural gas or incorporating renewable energy sources.
This report is a detailed and comprehensive analysis for global Power Generators 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 Generators market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Power Generators market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Power Generators market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Power Generators market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/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 Generators
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 Generators 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 Generators 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
Commercial
Industrial
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 Generators product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Power Generators, with price, sales quantity, revenue, and global market share of Power Generators from 2020 to 2025.
Chapter 3, the Power Generators competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Power Generators 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 Generators 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 Generators.
Chapter 14 and 15, to describe Power Generators sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Power Generators. Industry analysis & Market Report on Power Generators is a syndicated market report, published as Global Power Generators Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Power Generators market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.