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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
The generators market players are introducing novel technologies to stay ahead in the competition, further increasing their collaboration efforts to meet the evolving regulatory landscape
ABB Ltd provides a wide range of products and services for industries such as utilities, transportation, and infrastructure, including electric motors, generators, drives, power grids, control systems, and robotics.
Siemens AG operates in various segments including Digital Industries, Smart Infrastructure, Mobility, and Siemens Healthineers and provides a wide range of products and services including automation technology and industrial software.
Cummins Inc., founded in 1919, is an engines and power generation company that designs, manufactures, and distributes engines, filtration, and power generation products.
Mitsubishi Heavy Industries, Ltd. is a heavy industries and engineering company. It operates in various segments including energy systems, industrial machinery, aircraft, and defence and space, among others.
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.
Generators Market Report Snapshots
Generators Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global generators market attained a value of nearly USD 65.97 billion.
The market is estimated to grow at a CAGR of 4.80% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 100.60 billion by 2032.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers expected to aid market growth are the rising applications of generators in various end use industries, rapid urbanisation and infrastructure development, and thriving manufacturing sector.
The key market trends guiding the growth of the market include the growing technological advancements and the increasing energy demands.
AC motors and DC motors are the major types of generators in the market.
The market, based on power generation, is segmented into thermal, hydro, wind, portable, and standby among others.
The major players in the market are ABB Ltd, Siemens AG, Nidec Corporation, Cummins Inc., Caterpillar Inc., Mitsubishi Heavy Industries, Ltd., Atlas Copco, Doosan Corporation, Kohler Co., Multiquip Inc., Wacker Neuson SE, and Aggreko plc, among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124