Industrial Generator Sets Market Size, Share, Trends, Growth 2032
Industrial Generator Sets Market By Power Rating (<75 kVA, 75-375 kVA, 375-750 kVA, and >750 kVA), By End Use (Manufacturing, Oil & Gas, Energy & Power, Construction, Mining, Transport & Logistics, and Others), By Application (Standby, Peak Shaving, and Prime/Continuous), By Power Source (Diesel, Gas, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032-
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 19.43 Billion | USD 37.31 Billion | 7.52% | 2023 |
Table Of Content
- Chapter 1.Preface
- 1.1.Report Description
- 1.2.Report Scope
- Chapter 2.Research Methodology
- 2.1.Research Methodology
- 2.2.Secondary Research
- 2.3.Primary Research
- 2.4.Models
- 2.4.1.Company Share Analysis Model
- 2.4.2.Revenue Based Modeling
- 2.5.Research Limitations
- Chapter 3.Executive Summary
- 3.1.Global Industrial Generator Sets Market, 2016 – 2026 (USD Billion)
- 3.2.Global Industrial Generator Sets Market: Snapshot
- Chapter 4.Industrial Generator Sets Market – Industry Analysis
- 4.1.Introduction
- 4.2.Market Drivers
- 4.3.Market Restraints
- 4.4.Market Opportunities
- 4.5.Porter’s Five Forces Analysis
- 4.6.COVID 19 Impact Analysis
- Chapter 5.Investment Proposition Analysis
- 5.1.Global Industrial Generator Sets Market Attractiveness, By Power Rating
- 5.2.Global Industrial Generator Sets Market Attractiveness, By End Use
- 5.3.Global Industrial Generator Sets Market Attractiveness, By Application
- 5.4.Global Industrial Generator Sets Market Attractiveness, By Power Source
- 5.5.Global Industrial Generator Sets Market Attractiveness, By Region
- Chapter 6.Competitive Landscape
- 6.1.Company Market Share Analysis - 2019
- 6.1.1.Global Industrial Generator Sets Market: Company Market Share, 2019
- 6.2.Strategic Developments
- 6.1.Company Market Share Analysis - 2019
- Chapter 7.Industrial Generator Sets Market – Power Rating Segment Analysis
- 7.1.Global Industrial Generator Sets Market Overview: by Power Rating
- 7.1.1.Global Industrial Generator Sets Market Revenue Share, by Power Rating, 2019 & 2026
- 7.2.Global Industrial Generator Sets Market Analysis/Overview – By Power Rating
- 7.2.1.<75 kVA – Overview/Analysis
- 7.2.2.75-375 kVA – Overview/Analysis
- 7.2.3.375-750 kVA – Overview/Analysis
- 7.2.4.>750 kVA – Overview/Analysis
- 7.3.<75 kVA
- 7.3.1.Global Industrial Generator Sets Market for <75 kVA, Revenue (USD Billion) 2016 - 2026
- 7.4.75-375 kVA
- 7.4.1.Global Industrial Generator Sets Market for 75-375 kVA, Revenue (USD Billion) 2016 - 2026
- 7.5.375-750 kVA
- 7.5.1.Global Industrial Generator Sets Market for 375-750 kVA, Revenue (USD Billion) 2016 - 2026
- 7.6.>750 kVA
- 7.6.1.Global Industrial Generator Sets Market for >750 kVA, Revenue (USD Billion) 2016 - 2026
- 7.1.Global Industrial Generator Sets Market Overview: by Power Rating
- Chapter 8.Industrial Generator Sets Market – End Use Segment Analysis
- 8.1.Global Industrial Generator Sets Market Overview: by End Use
- 8.1.1.Global Industrial Generator Sets Market Revenue Share, by End Use, 2019 & 2026
- 8.2.Global Industrial Generator Sets Market Analysis/Overview – By End Use
- 8.2.1.Oil & Gas – Overview/Analysis
- 8.2.2.Manufacturing – Overview/Analysis
- 8.2.3.Construction – Overview/Analysis
- 8.2.4.Energy & Power – Overview/Analysis
- 8.2.5.Mining – Overview/Analysis
- 8.2.6.Transport & Logistics – Overview/Analysis
- 8.2.7.Others – Overview/Analysis
- 8.3.Oil & Gas
- 8.3.1.Global Industrial Generator Sets Market for Oil & Gas, Revenue (USD Billion) 2016 - 2026
- 8.4.Manufacturing
- 8.4.1.Global Industrial Generator Sets Market for Manufacturing, Revenue (USD Billion) 2016 - 2026
- 8.5.Construction
- 8.5.1.Global Industrial Generator Sets Market for Construction, Revenue (USD Billion) 2016 - 2026
- 8.6.Energy & Power
- 8.6.1.Global Industrial Generator Sets Market for Energy & Power, Revenue (USD Billion) 2016 - 2026
- 8.7.Mining
- 8.7.1.Global Industrial Generator Sets Market for Mining, Revenue (USD Billion) 2016 - 2026
- 8.8.Transport & Logistics
- 8.8.1.Global Industrial Generator Sets Market for Transport & Logistics, Revenue (USD Billion) 2016 - 2026
- 8.9.Others
- 8.9.1.Global Industrial Generator Sets Market for Others, Revenue (USD Billion) 2016 - 2026
- 8.1.Global Industrial Generator Sets Market Overview: by End Use
- Chapter 9.Industrial Generator Sets Market – Application Segment Analysis
- 9.1.Global Industrial Generator Sets Market Overview: by Application
- 9.1.1.Global Industrial Generator Sets Market Revenue Share, by Application, 2019 & 2026
- 9.2.Global Industrial Generator Sets Market Analysis/Overview – By Application
- 9.2.1.Standby – Overview/Analysis
- 9.2.2.Peak Shaving – Overview/Analysis
- 9.2.3.Prime/Continuous – Overview/Analysis
- 9.3.Standby
- 9.3.1.Global Industrial Generator Sets Market for Standby, Revenue (USD Billion) 2016 - 2026
- 9.4.Peak Shaving
- 9.4.1.Global Industrial Generator Sets Market for Peak Shaving, Revenue (USD Billion) 2016 - 2026
- 9.5.Prime/Continuous
- 9.5.1.Global Industrial Generator Sets Market for Prime/Continuous, Revenue (USD Billion) 2016 - 2026
- 9.1.Global Industrial Generator Sets Market Overview: by Application
- Chapter 10.Industrial Generator Sets Market – Power Source Segment Analysis
- 10.1.Global Industrial Generator Sets Market Overview: by Power Source
- 10.1.1.Global Industrial Generator Sets Market Revenue Share, by Power Source, 2019 & 2026
- 10.2.Global Industrial Generator Sets Market Analysis/Overview – By Power Source
- 10.2.1.Diesel – Overview/Analysis
- 10.2.2.Gas – Overview/Analysis
- 10.2.3.Others – Overview/Analysis
- 10.3.Diesel
- 10.3.1.Global Industrial Generator Sets Market for Diesel, Revenue (USD Billion) 2016 - 2026
- 10.4.Gas
- 10.4.1.Global Industrial Generator Sets Market for Gas, Revenue (USD Billion) 2016 - 2026
- 10.5.Others
- 10.5.1.Global Industrial Generator Sets Market for Others, Revenue (USD Billion) 2016 - 2026
- 10.1.Global Industrial Generator Sets Market Overview: by Power Source
- Chapter 11.Industrial Generator Sets Market – Regional Analysis
- 11.1.Global Industrial Generator Sets Market: Regional Overview
- 11.1.1.Global Industrial Generator Sets Market Revenue Share, by Region, 2019 & 2026
- 11.1.2.Global Industrial Generator Sets Market Revenue, by Region, 2016 – 2026 (USD Billion)
- 11.2.North America
- 11.2.1.North America Industrial Generator Sets Market Revenue, 2016 - 2026 (USD Billion)
- 11.2.2.North America Industrial Generator Sets Market Revenue, by Country, 2016 – 2026 (USD Billion)
- 11.2.3.North America Industrial Generator Sets Market Revenue, by Power Rating, 2016 – 2026
- 11.2.4.North America Industrial Generator Sets Market Revenue, by End Use, 2016 – 2026
- 11.2.5.North America Industrial Generator Sets Market Revenue, by Application, 2016 – 2026
- 11.2.6.North America Industrial Generator Sets Market Revenue, by Power Source, 2016 – 2026
- 11.2.7. U.S.
- 11.2.8.Canada
- 11.3.Europe
- 11.3.1.Europe Industrial Generator Sets Market Revenue, 2016 - 2026 (USD Billion)
- 11.3.2.Europe Industrial Generator Sets Market Revenue, by Country, 2016 – 2026 (USD Billion)
- 11.3.3.Europe Industrial Generator Sets Market Revenue, by Power Rating, 2016 – 2026
- 11.3.4.Europe Industrial Generator Sets Market Revenue, by End Use, 2016 – 2026
- 11.3.5.Europe Industrial Generator Sets Market Revenue, by Application, 2016 – 2026
- 11.3.6.Europe Industrial Generator Sets Market Revenue, by Power Source, 2016 – 2026
- 11.3.7.Germany
- 11.3.8.France
- 11.3.9. U.K.
- 11.3.10.Rest of Europe
- 11.4.Asia Pacific
- 11.4.1.Asia Pacific Industrial Generator Sets Market Revenue, 2016 - 2026 (USD Billion)
- 11.4.2.Asia Pacific Industrial Generator Sets Market Revenue, by Country, 2016 – 2026 (USD Billion)
- 11.4.3.Asia Pacific Industrial Generator Sets Market Revenue, by Power Rating, 2016 – 2026
- 11.4.4.Asia Pacific Industrial Generator Sets Market Revenue, by End Use, 2016 – 2026
- 11.4.5.Asia Pacific Industrial Generator Sets Market Revenue, by Application, 2016 – 2026
- 11.4.6.Asia Pacific Industrial Generator Sets Market Revenue, by Power Source, 2016 – 2026
- 11.4.7.China
- 11.4.8.Japan
- 11.4.9.India
- 11.4.10.Rest of Asia Pacific
- 11.5.Latin America
- 11.5.1.Latin America Industrial Generator Sets Market Revenue, 2016 - 2026 (USD Billion)
- 11.5.2.Latin America Industrial Generator Sets Market Revenue, by Country, 2016 – 2026 (USD Billion)
- 11.5.3.Latin America Industrial Generator Sets Market Revenue, by Power Rating, 2016 – 2026
- 11.5.4.Latin America Industrial Generator Sets Market Revenue, by End Use, 2016 – 2026
- 11.5.5.Latin America Industrial Generator Sets Market Revenue, by Application, 2016 – 2026
- 11.5.6.Latin America Industrial Generator Sets Market Revenue, by Power Source, 2016 – 2026
- 11.5.7.Brazil
- 11.5.8.Mexico
- 11.5.9.Rest of Latin America
- 11.6.The Middle-East and Africa
- 11.6.1.The Middle-East and Africa Industrial Generator Sets Market Revenue, 2016 - 2026 (USD Billion)
- 11.6.2.The Middle-East and Africa Industrial Generator Sets Market Revenue, by Country, 2016 – 2026 (USD Billion)
- 11.6.3.The Middle-East and Africa Industrial Generator Sets Market Revenue, by Power Rating, 2016 – 2026
- 11.6.4.The Middle-East and Africa Industrial Generator Sets Market Revenue, by End Use, 2016 – 2026
- 11.6.5.The Middle-East and Africa Industrial Generator Sets Market Revenue, by Application, 2016 – 2026
- 11.6.6.The Middle-East and Africa Industrial Generator Sets Market Revenue, by Power Source, 2016 – 2026
- 11.1.Global Industrial Generator Sets Market: Regional Overview
- Chapter 12.Company Profiles
- 12.1.Cummins
- 12.2.Atlas Copco.
- 12.3.Kirloskar Oil Engines Limited
- 12.4.Briggs & Stratton
- 12.5.Generac
- 12.6.SDMO Industries
- 12.7.Escorts Group
- 12.8.Powerica Ltd.
- 12.9.Caterpillar
- 12.1.Himoinsa
- 12.11.C&S Electric
- 12.12.Sterling Generators Pvt. Ltd.
- 12.13.Ingersull-Rand PLC
- 12.14.Supernova Gensets
- 12.15.Mahindra Powerul
- 12.16.John Deere
- 12.17.Mitsubishi Heavy Industries
Table Of Figures
List of Figures
FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global Industrial Generator Sets Market Revenue, 2016 - 2026 (USD Billion)
FIG. 5 Porter’s Five Forces Analysis for Global Industrial Generator Sets Market
FIG. 6 Global Industrial Generator Sets Market Attractiveness, By Power Rating
FIG. 7 Global Industrial Generator Sets Market Attractiveness, By End Use
FIG. 8 Global Industrial Generator Sets Market Attractiveness, By Application
FIG. 9 Global Industrial Generator Sets Market Attractiveness, By Power Source
FIG. 10 Global Industrial Generator Sets Market Attractiveness, By Region
FIG. 11 Company Share Analysis, 2019
FIG. 12 Global Industrial Generator Sets Market Revenue Share, by Power Rating, 2019 & 2026
FIG. 13 Global Industrial Generator Sets Market for <75 kVA, Revenue (USD Billion) 2016 - 2026
FIG. 14 Global Industrial Generator Sets Market for 75-375 kVA, Revenue (USD Billion) 2016 - 2026
FIG. 15 Global Industrial Generator Sets Market for 375-750 kVA, Revenue (USD Billion) 2016 - 2026
FIG. 16 Global Industrial Generator Sets Market for >750 kVA, Revenue (USD Billion) 2016 - 2026
FIG. 17 Global Industrial Generator Sets Market Revenue Share, by End Use, 2019 & 2026
FIG. 18 Global Industrial Generator Sets Market for Oil & Gas, Revenue (USD Billion) 2016 - 2026
FIG. 19 Global Industrial Generator Sets Market for Manufacturing, Revenue (USD Billion) 2016 - 2026
FIG. 20 Global Industrial Generator Sets Market for Construction, Revenue (USD Billion) 2016 - 2026
FIG. 21 Global Industrial Generator Sets Market for Energy & Power, Revenue (USD Billion) 2016 - 2026
FIG. 22 Global Industrial Generator Sets Market for Mining, Revenue (USD Billion) 2016 - 2026
FIG. 23 Global Industrial Generator Sets Market for Transport & Logistics, Revenue (USD Billion) 2016 - 2026
FIG. 24 Global Industrial Generator Sets Market for Others, Revenue (USD Billion) 2016 - 2026
FIG. 25 Global Industrial Generator Sets Market Revenue Share, by Application, 2019 & 2026
FIG. 26 Global Industrial Generator Sets Market for Standby, Revenue (USD Billion) 2016 - 2026
FIG. 27 Global Industrial Generator Sets Market for Peak Shaving, Revenue (USD Billion) 2016 - 2026
FIG. 28 Global Industrial Generator Sets Market for Prime/Continuous, Revenue (USD Billion) 2016 - 2026
FIG. 29 Global Industrial Generator Sets Market Revenue Share, by Power Source, 2019 & 2026
FIG. 30 Global Industrial Generator Sets Market for Diesel, Revenue (USD Billion) 2016 - 2026
FIG. 31 Global Industrial Generator Sets Market for Gas, Revenue (USD Billion) 2016 - 2026
FIG. 32 Global Industrial Generator Sets Market for Others, Revenue (USD Billion) 2016 - 2026
FIG. 33 Global Industrial Generator Sets Market Revenue Share, by Region, 2019 & 2026
FIG. 34 North America Industrial Generator Sets Market Revenue, 2016 - 2026 (USD Billion)
FIG. 35 Europe Industrial Generator Sets Market Revenue, 2016 - 2026 (USD Billion)
FIG. 36 Asia Pacific Industrial Generator Sets Market Revenue, 2016 - 2026 (USD Billion)
FIG. 37 Latin America Industrial Generator Sets Market Revenue, 2016 - 2026 (USD Billion)
FIG. 38 The Middle-East and Africa Industrial Generator Sets Market Revenue, 2016 - 2026 (USD Billion)
Table Of Tables
List of Tables
TABLE 1 Global Industrial Generator Sets Market: Snapshot
TABLE 2 Drivers of the Industrial Generator Sets Market: Impact Analysis
TABLE 3 Restraints for the Industrial Generator Sets Market: Impact Analysis
TABLE 4 Global Industrial Generator Sets Market Revenue, by Region, 2016 – 2026 (USD Billion)
TABLE 5 North America Industrial Generator Sets Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 6 North America Industrial Generator Sets Market Revenue, by Power Rating, 2016 – 2026 (USD Billion)
TABLE 7 North America Industrial Generator Sets Market Revenue, by End Use, 2016 – 2026 (USD Billion)
TABLE 8 North America Industrial Generator Sets Market Revenue, by Application, 2016 – 2026 (USD Billion)
TABLE 9 North America Industrial Generator Sets Market Revenue, by Power Source, 2016 – 2026 (USD Billion)
TABLE 10 Europe Industrial Generator Sets Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 11 Europe Industrial Generator Sets Market Revenue, by Power Rating, 2016 – 2026 (USD Billion)
TABLE 12 Europe Industrial Generator Sets Market Revenue, by End Use, 2016 – 2026 (USD Billion)
TABLE 13 Europe Industrial Generator Sets Market Revenue, by Application, 2016 – 2026 (USD Billion)
TABLE 14 Europe Industrial Generator Sets Market Revenue, by Power Source, 2016 – 2026 (USD Billion)
TABLE 15 Asia Pacific Industrial Generator Sets Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 16 Asia Pacific Industrial Generator Sets Market Revenue, by Power Rating, 2016 – 2026 (USD Billion)
TABLE 17 Asia Pacific Industrial Generator Sets Market Revenue, by End Use, 2016 – 2026 (USD Billion)
TABLE 18 Asia Pacific Industrial Generator Sets Market Revenue, by Application, 2016 – 2026 (USD Billion)
TABLE 19 Asia Pacific Industrial Generator Sets Market Revenue, by Power Source, 2016 – 2026 (USD Billion)
TABLE 20 Latin America Industrial Generator Sets Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 21 Latin America Industrial Generator Sets Market Revenue, by Power Rating, 2016 – 2026 (USD Billion)
TABLE 22 Latin America Industrial Generator Sets Market Revenue, by End Use, 2016 – 2026 (USD Billion)
TABLE 23 Latin America Industrial Generator Sets Market Revenue, by Application, 2016 – 2026 (USD Billion)
TABLE 24 Latin America Industrial Generator Sets Market Revenue, by Power Source, 2016 – 2026 (USD Billion)
TABLE 25 The Middle-East and Africa Industrial Generator Sets Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 26 The Middle-East and Africa Industrial Generator Sets Market Revenue, by Power Rating, 2016 – 2026 (USD Billion)
TABLE 27 The Middle-East and Africa Industrial Generator Sets Market Revenue, by End Use, 2016 – 2026 (USD Billion)
TABLE 28 The Middle-East and Africa Industrial Generator Sets Market Revenue, by Application, 2016 – 2026 (USD Billion)
TABLE 29 The Middle-East and Africa Industrial Generator Sets Market Revenue, by Power Source, 2016 – 2026 (USD Billion)
Methodology
FrequentlyAsked Questions
Industrial generator sets (gensets) are power systems that integrate a turbine and an electrical generator to supply electricity in industrial environments. These generator sets are employed to produce electricity, either as a primary source of power or as a backup during power disruptions. They are engineered to adequately manage heavy-duty industrial applications that necessitate a consistent and dependable power supply.
The demand for industrial gensets is increasing due to the increasing frequency of power disruptions and grid instability, particularly in developing regions, which is necessary to ensure the continuous operation of commercial and manufacturing facilities.
According to Zion Market Research, the global Industrial Generator Sets Market was worth USD 19.43 Billion in 2023. The market is forecast to reach USD 37.31 Billion by 2032.
According to Zion Market Research, the global Industrial Generator Sets Market a compound annual growth rate (CAGR) of 7.52% during the forecast period 2024-2032.
Based on region, the global industrial generator sets market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The European region held a considerable share in 2019. This is attributable to the increasing demand for generator sets in the manufacturing sector. Europe is considered the automotive manufacturing hub owing to the presence of major automotive manufacturers such as Volkswagen, Daimler, BMW, Renault, and Volvo, among others.
Some of the key players in the industrial generator sets market are Cummins, Atlas Copco., Kirloskar Oil Engines Limited, Briggs & Stratton, Generac, SDMO Industries, Escorts Group, Powerica Ltd., Caterpillar, Himoinsa, C&S Electric, Sterling Generators Pvt. Ltd., Ingersoll-Rand PLC, Supernova Gensets, Mahindra Powerol, John Deere, and Mitsubishi Heavy Industries, among others.
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