Global Power Generators Market Report 2024

Power Generators Global Market Report 2023 – By Type (Gas Generator, Diesel Generator, CKD Generator), By Capacity (Below 75kva, 75375 kva, 375750 kva, Above 750 kva), By Application (Stand By, Peak Shaving, Continuous), By End User (Mining, Oil And Gas, Construction, Residential, Marine, Manufacturing, Pharmaceuticals, Commercial, Other End Users) – Market Size, Trends, And Global Forecast 2023-2032

Power Generators Global Market Report 2023

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A power generator refers to a machine that converts mechanical energy into electrical energy for applications in external circuits to provide an uninterrupted power supply, which uses mechanical energy such as steam, gas, and water.

The main types of power generator manufacturing markets are the gas generator, diesel generators, and CKD generators. The gas generator is an apparatus for generating gas. The capacity used is below 75kva, 75-375 kva, 375-750 kva, and above 750 kva. The applications are standby, peak shaving, and continuous. The various end-users are mining, oil & gas, construction, residential, marine, manufacturing, pharmaceuticals, commercial, and others.

The global power generators market is segmented -

1) By Type: Gas Generator, Diesel Generator, CKD Generator

2) By Capacity: Below 75kva, 75-375 kva, 375-750 kva, Above 750 kva

3) By Application: Stand By, Peak Shaving, Continuous

4) By End User: Mining, Oil And Gas, Construction, Residential, Marine, Manufacturing, Pharmaceuticals, Commercial, Other End Users

The global power generators market size grew from $1776.61 billion in 2022 to $1913.39 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the power generators is expected to grow to $2,543.23 billion in 2027 at a CAGR of 7.4%.

The power generators market covered in this report is segmented by type into gas generator, diesel generators, and CKD generators. The power generators market in this report is segmented by capacity into below 75kva, 75-375 kva, 375-750 kva, and above 750 kva. The power generators market in this report is segmented by application into standby, peak shaving, and continuous. The generator manufacturing market in this report is segmented by end-user into mining, oil & gas, construction, residential, marine, manufacturing, pharmaceuticals, commercial, and others.

Increasing demand from several industries such as mining, oil and gas, and pharmaceuticals is expected to contribute to the growth of the generator manufacturing market in the forecast period. Generators are used as a source of power backup in many industrial activities. However, in cases where grid infrastructure is absent, generators are used as the only source of power. For example, the majority of the mining sites are located in remote locations and require generators for their day-to-day power requirements. For instance, the mining market in India is expected to increase to $126 billion in 2022 at a CAGR of 4.63%. Economic growth in emerging markets is increasing industrial activity which in turn will drive the market for growth of the power generators market in the forecast period.

Major players in the power generators market are Aggreko, Atlas CopCo., Caterpillar Inc., FG Wilson, Kirloskar Electric Co. Ltd., Cummins Inc., Rolls-Royce, Wärtsilä, Yanmar Co. Ltd., and Briggs & Stratton.

Government initiatives to promote building and maintaining a robust energy infrastructure will drive the demand for power generation systems which in turn is expected to restrain the market for generators in the forecast period. For instance, in September 2021, The U.S. Department of Agriculture announced an investment of $ 464 million to build or improve renewable energy infrastructure to support rural communities. Moreover, in April 2021, according to the Ministry of New and Renewable Energy, the government of India, launched the "National Programme on High-Efficiency Solar PV Modules" Production Linked Incentive Scheme with a budget of Rs. 4,500 crores to support and encourage the production of high-efficiency solar PV module. Governments in both developed and developing countries are focusing on building and maintaining robust energy infrastructure, and it is expected to limit the growth of the power generators market market.

Generator manufacturing companies are increasingly manufacturing portable generators. A Portable generator provides electricity by running a gas-powered/diesel-powered engine that turns an onboard alternator to generate electrical power. The rising demand for uninterrupted and reliable power supply is increasing the demand for portable generators. Portable generators offer several advantages such as flexibility and increased ease of use. The global portable generators market is expected to reach $2.5 billion by 2024 growing at a CAGR of 4.1% through 2019.

In March 2021, Albion Acquisitions, London-based Private equity acquired Aggreko for the amount of $2.3 billion. This acquisition of Agrreko will deal with I Squared Capital and TDR Capital. Aggreko is a UK-based company that provides rental power, temperature control, and compressed air systems.

Asia-Pacific was the largest region in the power generators market in 2022. The regions covered in the global power generator manufacturing market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the power generator manufacturing market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The power generator market consists of sales of the gas generator, diesel generators, and CKD generators. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The power generators market research report is one of a series of new reports from The Business Research Company that provides power generators market statistics, including power generators industry global market size, regional shares, competitors with a power generators market share, detailed power generators market segments, market trends and opportunities, and any further data you may need to thrive in the power generators industry. This power generators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

    Table Of Contents

    1. Executive Summary

    2. Power Generators Market Characteristics

    3. Power Generators Market – Macro Economic Scenario

    3.1 COVID-19 Impact On Power Generators Market

    3.2 Ukraine-Russia War Impact On Power Generators Market

    3.3 Impact Of High Inflation On Power Generators Market

    4. Power Generators Market Size And Growth

    4.1. Global Generator Manufacturing Historic Market, 2017 - 2022, $ Billion

    4.1.1. Drivers Of The Market

    4.1.2. Restraints On The Market

    4.2. Global Generator Manufacturing Forecast Market, 2022 - 2027F, 2032F, $ Billion

    4.2.1. Drivers Of The Market

    4.2.2. Restraints On the Market

    5. Power Generators Market Segmentation

    5.1. Global Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    Gas Generator

    Diesel Generator

    CKD Generator

    5.2. Global Power Generators Market, Segmentation By Capacity, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    Below 75kva

    75-375 kva

    375-750 kva

    Above 750 kva

    5.3. Global Power Generators Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    Stand By

    Peak Shaving

    Continuous

    5.4. Global Power Generators Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    Mining

    Oil & Gas

    Construction

    Residential

    Marine

    Manufacturing

    Pharmaceuticals

    Commercial

    Other End Users

    6. Power Generators Market Regional And Country Analysis

    6.1. Global Power Generators Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    6.2. Global Power Generators Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    7. Asia-Pacific Power Generators Market

    7.1. Asia-Pacific Power Generators Market Overview

    7.2. Asia-Pacific Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    8. China Power Generators Market

    8.1. China Power Generators Market Overview

    8.2. China Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F,$ Billion

    9. India Power Generators Market

    9.1. India Power Generators Market Overview

    9.2. India Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    10. Japan Power Generators Market

    10.1. Japan Power Generators Market Overview

    10.2. Japan Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    11. Australia Power Generators Market

    11.1. Australia Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    12. Indonesia Power Generators Market

    12.1. Indonesia Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    13. South Korea Power Generators Market

    13.1. South Korea Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    14. Western Europe Power Generators Market

    14.1. Western Europe Power Generators Market Overview

    14.2. Western Europe Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    15. UK Power Generators Market

    15.1. UK Power Generators Market Overview

    15.2. UK Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    16. Germany Power Generators Market

    16.1. Germany Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    17. France Power Generators Market

    17.3. France Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    18. Eastern Europe Power Generators Market

    18.1. Eastern Europe Power Generators Market Overview

    18.2. Eastern Europe Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    19. Russia Power Generators Market

    19.1. Russia Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    20. North America Power Generators Market

    20.1. North America Power Generators Market Overview

    20.2. North America Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    21. USA Power Generators Market

    21.1. USA Power Generators Market Overview

    21.2. USA Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    22. South America Power Generators Market

    22.1. South America Power Generators Market Overview

    22.2. South America Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    23. Brazil Power Generators Market

    23.1. Brazil Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    24. Middle East Power Generators Market

    24.1. Middle East Power Generators Market Overview

    24.2. Middle East Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    25. Africa Power Generators Market

    25.1. Africa Power Generators Market Overview

    25.2. Africa Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    26. Power Generators Market Competitive Landscape And Company Profiles

    26.1. Power Generators Market Competitive Landscape

    26.2. Power Generators Market Company Profiles

    26.2.1. Aggreko

    26.2.1.1. Overview

    26.2.1.2. Products and Services

    26.2.1.3. Strategy

    26.2.1.4. Financial Performance

    26.2.2. Atlas Copco

    26.2.2.1. Overview

    26.2.2.2. Products and Services

    26.2.2.3. Strategy

    26.2.2.4. Financial Performance

    26.2.3. Caterpillar Inc.

    26.2.3.1. Overview

    26.2.3.2. Products and Services

    26.2.3.3. Strategy

    26.2.3.4. Financial Performance

    26.2.4. FG Wilson

    26.2.4.1. Overview

    26.2.4.2. Products and Services

    26.2.4.3. Strategy

    26.2.4.4. Financial Performance

    26.2.5. Kirloskar Electric Co. Ltd.

    26.2.5.1. Overview

    26.2.5.2. Products and Services

    26.2.5.3. Strategy

    26.2.5.4. Financial Performance

    27. Key Mergers And Acquisitions In The Power Generators Market

    27. Power Generators Market Trends And Strategies

    289. Power Generators Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2017- 2027F, 2032F, $ Billion
  • Table 3: Global Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 4: Global Power Generators Market, Segmentation By Capacity, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 5: Global Power Generators Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 6: Global Power Generators Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 7: Global Power Generators Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 8: Global Power Generators Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 9: Asia-Pacific, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 10: China, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 11: India, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 12: Japan, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 13: Australia, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 14: Indonesia, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 15: South Korea, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 16: Western Europe, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 17: UK, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 18: Germany, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 19: France, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 20: Eastern Europe, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 21: Russia, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 22: North America, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 23: USA, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 24: South America, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 25: Brazil, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 26: Middle East, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 27: Africa, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 28: Aggreko Financial Performance
  • Table 29: Atlas Copco Financial Performance
  • Table 30: Caterpillar Inc. Financial Performance
  • Table 31: FG Wilson Financial Performance
  • Table 32: Kirloskar Electric Co. Ltd. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Figure 2: Global Forecast Market Growth, 2017- 2027F, 2032F, $ Billion
  • Figure 3: Global Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 4: Global Power Generators Market, Segmentation By Capacity, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 5: Global Power Generators Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 6: Global Power Generators Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 7: Global Power Generators Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 8: Global Power Generators Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 9: Asia-Pacific, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 10: China, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 11: India, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 12: Japan, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 13: Australia, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 14: Indonesia, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 15: South Korea, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 16: Western Europe, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 17: UK, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 18: Germany, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 19: France, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 20: Eastern Europe, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 21: Russia, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 22: North America, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 23: USA, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 24: South America, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 25: Brazil, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 26: Middle East, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 27: Africa, Power Generators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 28: Aggreko Financial Performance
  • Figure 29: Atlas Copco Financial Performance
  • Figure 30: Caterpillar Inc. Financial Performance
  • Figure 31: FG Wilson Financial Performance
  • Figure 32: Kirloskar Electric Co. Ltd. Financial Performance
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Frequently Asked Questions

What is the definition of the power generators market?

A power generator refers to a machine that converts mechanical energy into electrical energy for applications in external circuits to provide an uninterrupted power supply, which uses mechanical energy such as steam, gas, and water. For further insights on the power generators market, request a sample here

How will the power generators market drivers and restraints affect the power generators market dynamics? What forces will shape the power generators industry going forward?

The power generators market growth is aided by increasing demand from several industries such as mining, oil and gas, and pharmaceuticals. For further insights on the power generators market, request a sample here

What is the forecast market size or the forecast market value of the power generators market?

The power generators market is expected to reach $2,543.23 billion in 2027 at a rate of 7.4%. For further insights on the power generators market, request a sample here

How is the power generators market segmented?

The global power generators market is segmented as
1) By Type: Gas Generator, Diesel Generator, CKD Generator
2) By Capacity: Below 75kva, 75-375 kva, 375-750 kva, Above 750 kva
3) By Application: Stand By, Peak Shaving, Continuous
4) By End User : Mining, Oil And Gas, Construction, Residential, Marine, Manufacturing, Pharmaceuticals, Commercial, Other End Users
For further insights on the power generators market,
request a sample here

Which region has the largest share of the power generators market? What are the largest region's market size and growth rate?

Asia-Pacific was the largest region in the power generators market in 2022. For detailed insights on the largest region's market size and growth rate, request a sample here.

Who are the major players in the power generators market?

Key competitors in the power generators market are, Aggreko, Atlas Copco, Caterpillar Inc., FG Wilson, Kirloskar Electric Co. Ltd., Cummins Inc., Rolls-Royce, Wärtsilä, Yanmar Co. Ltd., Briggs & Stratton, Himoinsa, Wacker Neuson, Ingersoll Rand, Kohler-SDMO, Generac Power Systems, Mitsubishi Heavy Industries, MTU Onsite Energy, General Electric, Honda Siel Power Products Ltd, Inmesol S.L, MQ Energy Inc., Mahindra Powerol, AKSA Power Generation, Cooper Corp, Doosan, Honda Power Equipment, Yamaha Motor Pvt, Ltd., Powerica Ltd., Escorts Group, Sterling Generators Pvt. Ltd, Kohler Co. For further insights on the power generators market, request a sample here.

What are the key trends in the power generators market?

Major trends influencing the power generators market include increasingly manufacturing portable generators. A Portable generator provides electricity by running a gas-powered/diesel-powered engine that turns an onboard alternator to generate electrical power. The rising demand for uninterrupted and reliable power supply is increasing the demand for portable generators. Portable generators offer several advantages such as flexibility and increased ease of use. For further insights on the power generators market, request a sample here.

What are the major opportunities in the power generators market? What are the strategies for the power generators market?

For detailed insights on the major opportunities and strategies in the power generators market, request a sample here.

How does the power generators market relate to the overall economy and other similar markets?

For detailed insights on power generators market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the power generators industry?

For detailed insights on the mergers and acquisitions in the power generators industry, request a sample here.

What are the key dynamics influencing the power generators market growth? SWOT analysis of the power generators market.

For detailed insights on the key dynamics influencing the power generators market growth and SWOT analysis of the power generators industry, request a sample here.