Electric Generators Global Market Report 2026

An electric generator is a device that converts mechanical energy into electrical energy, utilizing sources such as steam, gas, or water to ensure a consistent power supply for external circuits.

Key categories in electric generator manufacturing include gas, diesel, and CKD generators. Gas generators burn gas to produce electricity, available in varying sizes from small ones found in hardware stores to larger versions offered by specialized companies or electricians providing installation, maintenance, and repair services. Custom gas generators can also be built for specific needs, such as powering server farms during blackouts. Generators come in different capacities such as below 75 kVA, 75-375 kVA, 375-750 kVA, and above 750 kVA, serving purposes such as standby, peak shaving, and continuous operation. They find applications across various industries including mining, oil and gas, construction, residential, marine, manufacturing, pharmaceuticals, commercial, and others.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are influencing the electric generator market by raising the cost of imported engines, alternators, control modules, and metal housings, resulting in increased manufacturing and assembly expenses. The impact is greatest across diesel and gas generator segments and in regions dependent on imported machinery, such as Asia-Pacific, Africa, and Latin America. These tariffs elevate installation costs, extend delivery timelines, and push end users to delay procurement, prompting manufacturers to localize production, diversify supplier bases, and redesign generators to reduce tariff-exposed components. On the positive side, tariffs are accelerating regional manufacturing investment and fostering innovation in cost-efficient, fuel-optimized generator technologies.

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

The electric generators market size has grown steadily in recent years. It will grow from $30.21 billion in 2025 to $31.32 billion in 2026 at a compound annual growth rate (CAGR) of 3.7%. The growth in the historic period can be attributed to expansion of industrialization and heavy manufacturing, frequent grid instability and outages, increased construction activities requiring temporary power, early reliance on diesel-based generators for backup, growth in oil and gas field power requirements.

The electric generators market size is expected to see steady growth in the next few years. It will grow to $37.41 billion in 2030 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to rising demand for resilient off-grid and hybrid power systems, increasing deployment of generators in data centers and critical infrastructure, growth in renewable-integrated generator solutions, expanding remote mining and exploration operations, stricter efficiency norms driving generator upgrades. Major trends in the forecast period include rising need for uninterrupted power supply across industrial operations, increasing adoption of standby and emergency power generators, growth in deployment of portable and mid-capacity generators, expanding need for continuous power in remote and off-grid locations, rising generator installations driven by infrastructure development.

The rising demand from various sectors, including mining, oil and gas, and pharmaceuticals, is expected to fuel growth in the electric generators market during the forecast period. Generators serve as essential backup power sources for numerous industrial operations, and in areas where grid infrastructure is lacking, they often become the sole source of power. For instance, many mining sites are situated in remote areas, necessitating generators for their daily energy needs. In May 2024, the Australian Bureau of Statistics (ABS), a government agency in Australia, reported that the mining industry experienced significant growth in 2022-23, with Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) increasing by 23.4% (AUD 52.0 billion) and Industry Value Added (IVA) rising by 23.2% (AUD 66.4 billion), following substantial growth of 34.7% and 31.2% in the previous year, respectively. The economic expansion in emerging markets is driving increased industrial activity, which will further contribute to the growth of the electric generators market during the forecast period.

Major companies in the electric generators market are prioritizing government initiatives that promote the establishment and maintenance of a robust energy infrastructure. These initiatives often include demonstration facilities aimed at enhancing research and development efforts, validating new technologies, and showcasing the viability of renewable energy solutions. Demonstration facilities are specialized sites designed to exhibit and evaluate innovative technologies or systems, particularly within the energy, manufacturing, and sustainability sectors. For instance, in April 2024, Panasonic Corporation, a multinational electronics company based in Japan, announced the forthcoming launch of its 10 kW Pure Hydrogen Fuel Cell Generator in Europe, Australia, and China, scheduled for October 2024. This cogeneration system is designed to provide up to 10 kW of DC power and approximately 8.2 kW of heat for water heating. Notable features include the capability to connect up to 250 modular units, adjustable power output in 1 kW increments, and ease of installation in various environments. With an electrical efficiency of 57% and heat recovery efficiency of 47%, the PH3 aims to lower operational costs and offers a projected lifespan of 15 years, thus contributing to reduced life cycle expenses.

In June 2024, Deutz AG, a Germany-based company known for manufacturing diesel and gas engines, acquired Blue Star Power Systems, Inc. for an undisclosed amount. This acquisition is intended to bolster Deutz's position in the electric generators market by broadening its product range and leveraging Blue Star's expertise in power generation solutions tailored for industrial, commercial, and institutional applications. Blue Star Power Systems, Inc. is a US-based manufacturer specializing in rotary and solid-state power frequency converters, while Athlon Generator, also based in the US, produces custom diesel and natural gas-powered electric generators suitable for various applications, including industrial, commercial, and institutional sectors.

Major companies operating in the electric generators market are Kirloskar Electric Co. Ltd., Honda Motor Co. Ltd., Caterpillar Inc., Toshiba Corporation, Cummins Inc., General Electric Company, YAMAHA Motor Pvt. Ltd., Rolls-Royce Holdings plc, Atlas Copco, Doosan Group, Mahindra Powerol Ltd., Yanmar Co. Ltd., Westinghouse Electric Corporation, Mitsubishi Heavy Industries Ltd., Kohler Co., HyundAI Heavy Industries Co. Ltd., Wartsila Corporation, Ingersoll Rand, Sterling Generators Pvt. Ltd., Generac Holdings Inc., Cooper Corp., AKSA Power Generation, Wacker Neuson SE, Briggs & Stratton Corporation, Escorts Group, MQ Energy Inc., Powerica Ltd., Inmesol S.L, Firman Power Equipment, Champion Power Equipment Inc., Albion Jvco Limited

Asia-Pacific was the largest region in the electric generators market in 2025. Western Europe was the second-largest region in the global electric generators market share. The regions covered in the electric generators market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the electric generators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The electric generators market consists of sales of gas generators, diesel generators, and other electric generators. This market excludes turbine 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.

Electric Generators Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses electric generators 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.

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Where is the largest and fastest growing market for electric generators ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The electric generators 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, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered: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
• Subsegments:
• 1) By Gas Generator: Natural Gas Generator; Propane Generator
• 2) By Diesel Generator: Portable Diesel Generator; Standby Diesel Generator; Prime Power Diesel Generator
• 3) By CKD Generator (Completely Knocked Down): CKD Gas Generator; CKD Diesel Generator
• Companies Mentioned: Kirloskar Electric Co. Ltd.; Honda Motor Co. Ltd.; Caterpillar Inc.; Toshiba Corporation; Cummins Inc.; General Electric Company; YAMAHA Motor Pvt. Ltd.; Rolls-Royce Holdings plc; Atlas Copco; Doosan Group; Mahindra Powerol Ltd.; Yanmar Co. Ltd.; Westinghouse Electric Corporation; Mitsubishi Heavy Industries Ltd.; Kohler Co.; Hyundai Heavy Industries Co. Ltd.; Wartsila Corporation; Ingersoll Rand; Sterling Generators Pvt. Ltd.; Generac Holdings Inc.; Cooper Corp.; AKSA Power Generation; Wacker Neuson SE; Briggs & Stratton Corporation; Escorts Group; MQ Energy Inc.; Powerica Ltd.; Inmesol S.L; Firman Power Equipment; Champion Power Equipment Inc.; Albion Jvco Limited
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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