Generators Market Growth Analysis Report - Market Size, Share, Forecast Trends and Outlook (2026-2035)

A generator is defined as electrical equipment which is used for the transmission of power lines to domestic, commercial, automotive, military and defence, aerospace, and industrial sectors by converting mechanical energy into electricity. This mechanical power is usually obtained by rotating a shaft, which is multiplied by rotational or angular velocity.

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The generators market growth is propelled by the increase in sales demand due to the rise in the number of data centres, businesses, hospitals, and other commercial complexes. Emerging nations are improving their power networks, to be able to supply energy reliably to consumer and industrial end-users. Accelerating economic growth and technological advancements are further increasing the demand for power and generators. As a result of growing industrial expansion, high production levels, and rising investment, the demand for high-capacity industrial generators is increasing. Silent generators are also immensely popular as they can operate in close proximity to workers without causing any noise disturbance, which is accelerating the generators market development.

The rising applications of generators in various end-use sectors, including military and defence, automotive, commercial, industrial, oil and gas, aerospace, and construction, among others, are among the crucial factors in the market. Generators are capable of producing the power required for the functioning of equipment used in the above industries, such as appliances, compressors, and fans, among others.

Key Trends and Developments

Generators Market Trends

The trend towards generators powered by natural gas, biogas, and other alternative fuels is driven by a combination of environmental concerns, regulatory pressures, and technological advancements. For instance, governments around the world are implementing stricter emission regulations to combat climate change and reduce air pollution which has increased the demand for cleaner power generation options in the generators market.

Market players are increasing their collaborative efforts to launch innovative generators in the market.  For instance, Inox Wind, an Indian wind energy solutions provider, has announced a collaboration with the Wind to Energy (W2E) company to launch a new series of wind turbine generators in India in February 2024. This new series, known as the 4.X MW series, is designed specifically for low wind regimes in India and can be upgraded with the use of boosters to enhance performance.

Market Segmentation

AC motors account for a major generators market share due to their high durability and efficiency

According to the market analysis, AC motors offer significant advantages, which make them ideal for an industrial setting. These advantages include lower power demand for start-up, improved control over acceleration and current levels, broader customisability, and enhanced durability, longevity, and efficiency. In addition to this, the growing demand for AC motors in appliances such as compressors, conveyors, HVAC equipment, and transportation equipment, among others is anticipated to increase the segment share in the forecast period.

DC motors are anticipated to gain significant growth in the forecast period as they are more commonly found in applications that require precise speed and torque control. In diesel generator sets, DC motors can be used as starting motors as these motors are responsible for turning over the diesel engine until it starts running on its own.

Standby generators maintain their dominance in the market due to their rising usage in end-use sectors such as residential and commercial, among other sectors

Standby generators, also known as backup or emergency generators, hold the highest share in the generators market. This is due to their widespread use across various sectors, including residential, commercial, industrial, and healthcare. Standby generators are essential for providing emergency power during outages, ensuring uninterrupted operation of critical systems and equipment. The growing popularity of standby generators in the residential sector is also anticipated to augment the segment growth.

Portable generators are expected to grow at a sizeable rate in the generators market in the coming years. Their versatility, ease of use, and mobility make them popular for a wide range of applications, including recreational activities, construction sites, small businesses, and temporary power needs.

Competitive Landscape

Other major players in the market include Nidec Corporation, Caterpillar Inc., Atlas Copco, Doosan Corporation, Kohler Co., Multiquip Inc., Wacker Neuson SE, and Aggreko plc, among others.

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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Generators Market Analysis by Region

The rising demand for generators in the commercial sector in the Asia Pacific, owing to the rapid urbanisation, increasing energy demands, and strong foothold of major market players, is driving the market growth in the region. The rising demand for diesel generators in the mining sector in emerging economies is likely to be a major factor driving the market expansion. Additionally, the expansion of the manufacturing sector in countries like India due to favourable government policies and the thriving economy is likely to propel the demand for generators in the forecast period. For instance, the Make in India initiative by the Indian government is anticipated to boost the sales of generators across the country, thus, aiding the market growth in the Asia Pacific.

Meanwhile, in North America, the generators market in the USA is likely to be affected by the growing adoption of bi-fuel generators by manufacturers to target high operational costs and carbon emissions.

Generators Market Report Snapshots

Generators Companies