PUBLISHER: The Business Research Company | PRODUCT CODE: 1650279
PUBLISHER: The Business Research Company | PRODUCT CODE: 1650279
Generator sales encompass the marketing and provision of generators, machines featuring internal combustion engines, and electricity generators designed to deliver uninterrupted power to meet the demands of end-users. These generators convert mechanical energy into electrical power for utilization in external circuits.
The primary categories of generator sales include diesel, gas, and other variants. Diesel generators operate by combining a diesel engine with an electric generator, serving as a reliable emergency power source during outages or in locations without access to a power grid. The sales channels in generator transactions encompass direct and indirect methods, with applications spanning standby, prime & continuous, and peak shaving. These generators find utility across industrial, commercial, and residential sectors.
The generator sales market research report is one of a series of new reports from The Business Research Company that provides generator sales market statistics, including generator sales industry global market size, regional shares, competitors with a generator sales market share, detailed generator sales market segments, market trends and opportunities, and any further data you may need to thrive in the generator sales industry. This generator sales 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.
The generator sales market size has grown steadily in recent years. It will grow from $24.5 billion in 2024 to $25.3 billion in 2025 at a compound annual growth rate (CAGR) of 3.3%. The growth in the historic period can be attributed to power outages and grid reliability, aging infrastructure, industrial growth, extreme weather events, increased construction.
The generator sales market size is expected to see steady growth in the next few years. It will grow to $30.04 billion in 2029 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to aging generators replacements, energy storage systems, off-grid solutions, telemedicine and connectivity, regulatory compliance. Major trends in the forecast period include smart generators, hybrid power systems, microgrid development, grid-interactive generators, increased generator rental services, data-centered generators.
The generator sales market is poised for growth, primarily driven by the increasing demand for telecommunications. The surge in telecommunications is fueled by factors such as a rising need for communication and collaboration, increased spending, proliferation of electronic devices, technological advancements, government initiatives, and more. This heightened demand for telecommunications is anticipated to create a substantial requirement for generators, particularly for telecommunication infrastructures like telecom stations and data centers, as well as telecom equipment such as electronic machines and computers. For instance, according to a report by the Indian Brand Equity Foundation (IBEF) in July 2021, the rural subscriber teledensity increased to 60.33%, up from 59.14% in July 2020. The projection of 350 million 5G subscriptions in India by 2026, comprising about 27% of all mobile subscriptions, further underscores the significant impact of telecommunications on driving the generator sales market.
The generator sales market is set to benefit from the escalating demand for energy, driven by the global increase in energy needs. As energy requirements continue to rise, there is a growing necessity for efficient and reliable solutions to meet this demand. Generators play a vital role across various sectors, including power generation, industrial manufacturing, transportation, and infrastructure development. These electromechanical devices serve diverse applications, from powering machinery to converting renewable energy sources into electricity. Notably, the industrial sector is projected to experience a significant energy demand growth of 5% to 32% between 2022 and 2050, according to the Energy Information Administration (EIA). Consequently, the increasing demand for energy is anticipated to propel the generator sales market during the forecast period.
Technological advancement is a significant trend gaining traction in the generator sales market. The market is experiencing the emergence of innovative generators that utilize advanced technologies, including sustainable generators, hydrogen fuel cell generators, and more. These innovations provide continuous and efficient power supply or backup, sustainability, cost reduction, low maintenance, and various other advantages. Major players in the market are concentrating on delivering generators with groundbreaking technologies to satisfy customer needs and bolster their market position. For example, in September 2024, Mahindra & Mahindra, an India-based automobile manufacturing company, introduced a new range of CPCB 4+ Diesel Generators, which represents a substantial addition to their Mahindra Powerol lineup. This new range includes generators with capacities from 10VA to 320kVA and is designed to adhere to the latest emission standards established by the Ministry of Environment, Forest and Climate Change in India.
Major players in the generator market are strategically prioritizing product innovation as a key element to fortify their market position. Advanced generator systems, characterized by the incorporation of cutting-edge technologies and methodologies in power generation, are a focal point of their efforts. For instance, in May 2022, Honeywell, a prominent US-based equipment manufacturing company, successfully concluded the initial testing phase of its 1-megawatt generator system. Specifically designed for hybrid-electric aircraft, this innovative power source represents the first aerospace-grade electric machine capable of functioning as a 1-megawatt motor without requiring modifications. Its compact size, fuel efficiency, and low system weight contribute to sustainable and operational advantages, making it suitable for applications like hybrid-electric propulsion, turbogenerator systems, and mobile charging stations.
In June 2024, DEUTZ AG, a Germany-based manufacturer of construction machinery, acquired Blue Star Power Systems Inc for an undisclosed amount. This acquisition aligns with DEUTZ's Dual+ strategy, which seeks to diversify its portfolio and strengthen its resilience by concentrating on decentralized energy solutions. Blue Star Power Systems Inc is a US-based company that produces complete diesel and gaseous-driven generator sets.
Major companies operating in the generator sales market include Kohler Co., Mitsubishi Heavy Industries Ltd., Rolls-Royce Holdings plc, Siemens AG, Toshiba Corporation, Caterpillar Inc., Cummins Ltd., Generac Holdings Inc., AKSA Power Generation, Briggs & Stratton Corporation, Atlas Copco AB, Aggreko PLC, MAN Energy Solutions SE, Ingersoll Rand Inc., American Honda Motor Corp., Inmesol S.L.U., Daihatsu Diesel Mfg. Co. Ltd., Wartsila Oyj Abp, Zwart Techniek BV, Wacker Neuson SE, Kirloskar Oil Engines Limited, Doosan Portable Power, Yanmar Co. Ltd., Deere & Company, Kirloskar Electric Company, Sterling Generators Pvt. Ltd., Mahindra Powerol Ltd., Sudhir Power Ltd., Ashok Leyland Ltd., Perkins Engines Company Limited
Asia-Pacific was the largest region in the generator sales market in 2024. The regions covered in the generator sales market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the generator sales market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The generator sales market includes revenues earned by entities by providing various generator services for optimal working and maintenance such as periodic service of generators, emergency service, installation, planned maintenance, performance testing, and service training. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
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.
Generator Sales Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on generator sales market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for generator sales ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The generator sales market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.