발전기 시장 : 세계 산업 규모, 점유율, 동향, 기회, 예측 - 유형별, 연료별, 전압 평가별, 용도별, 최종 용도 산업별, 지역별 및 경쟁(2021-2031년)

The Global Generator Market is projected to expand from a valuation of USD 53.39 billion in 2025 to USD 72.08 billion by 2031, reflecting a CAGR of 5.13%. Generators are electromechanical devices that transform mechanical energy into electrical power, serving as essential resources for primary or backup energy supply in both off-grid and grid-connected settings. This market growth is fundamentally driven by rapid urbanization, the expanding footprint of data centers, and the critical requirement for energy security in industrial activities. Underscoring this demand for robust infrastructure, the Mechanical Engineering Industry Association noted that domestic orders for power systems in Germany rose by 44% to EUR 363 million in 2024, fueled by investments in gas generation plants.

Despite this positive outlook, the market faces a substantial obstacle due to rigorous environmental regulations designed to promote decarbonization. Manufacturers are under increasing pressure to adhere to strict emission standards, which necessitates significant investment in exhaust after-treatment technologies. This regulatory environment forces a costly shift away from traditional diesel models, which subsequently increases costs and potentially restricts broader market accessibility and expansion.

Market Driver

The expansion of data center infrastructure acts as a primary catalyst for the global market, driven by the immense computational needs of cloud computing and artificial intelligence. As these centers scale to accommodate new technologies, the requirement for continuous, reliable energy fuels a surge in demand for high-capacity backup power systems. Because these facilities cannot tolerate downtime, industrial-grade generators have become indispensable for maintaining operational integrity during grid interruptions. This trend is evident in financial performance; according to Cummins Inc.'s 'Third Quarter 2024 Results' from November 2024, power generation revenues grew by 24%, driven largely by rising global demand from the data center sector.

Concurrently, the increasing frequency of weather-related power outages and grid instability is accelerating the adoption of standby power solutions in residential and commercial markets. With climate change causing more severe storms and aging utility grids struggling to ensure reliability, end-users are investing heavily in independent backup infrastructure to mitigate prolonged blackouts. This volatility has led to immediate sales growth; Generac Holdings Inc. reported in its 'Third Quarter 2024 Results' in October 2024 that residential product sales increased by 28% to USD 723 million, largely due to elevated outage activity. Furthermore, Caterpillar Inc. noted in 2024 that sales in its Energy & Transportation segment rose by 5% during the third quarter, effectively offsetting declines in construction equipment volumes.

Market Challenge

The Global Generator Market encounters a major hurdle in the form of stringent environmental regulations aimed at decarbonization, which significantly impedes broader market growth. This regulatory pressure compels manufacturers to transition away from standard diesel engines and invest heavily in complex exhaust after-treatment technologies, such as Diesel Particulate Filters (DPF) and Selective Catalytic Reduction (SCR), to comply with rigorous standards like Stage V and Tier 4 Final. These mandatory technical upgrades drastically increase Research and Development (R&D) expenditures and production costs, inevitably leading to higher prices for the final products.

Consequently, the elevated capital expenditure required for compliant power systems causes hesitation among industrial buyers, leading to deferred procurement and extended lifecycles for existing legacy equipment. This reluctance to invest in new, cost-intensive machinery is actively cooling market activity. Highlighting this trend of contraction, the 'Mechanical Engineering Industry Association (VDMA)' reported in '2025' that overall incoming orders for the mechanical engineering sector fell by 8% in real terms throughout 2024, a decline driven by persistent customer reluctance to invest in capital goods.

Market Trends

The widespread adoption of hybrid generator systems that combine renewable energy with battery storage is fundamentally reshaping market dynamics by allowing operators to separate power generation from immediate consumption. Industrial users are increasingly pairing conventional generator sets with high-capacity Battery Energy Storage Systems (BESS) to manage peak loads, minimize engine runtime, and integrate intermittent renewable sources like solar. This hybrid approach significantly reduces fuel consumption and carbon footprints while ensuring grid stability. Validating this shift, Aggreko announced in a May 2024 article titled 'Aggreko extends BESS fleet with $200 million investment' that it increased its investment in its battery storage fleet to approximately USD 200 million to support customers requiring flexible, low-carbon power solutions in the utility and construction sectors.

Simultaneously, the transition toward bi-fuel and natural gas generator sets represents a critical technical evolution as manufacturers engineer engines capable of utilizing cleaner, alternative fuels. To comply with decarbonization mandates without discarding internal combustion infrastructure, OEMs are modifying natural gas engines to operate on hydrogen blends, serving as a transitional step toward zero-emission capability. This technological pivot allows facilities to utilize existing gas pipelines while progressively lowering emissions through fuel mixing. Highlighting this advancement, Caterpillar Inc. announced in a June 2024 press release, 'Caterpillar Advances Hydrogen Program', that its Cat CG260 gas generator sets are now approved to operate on fuel containing up to 25% hydrogen by volume, enabling customers to immediately reduce their greenhouse gas intensity.

Key Market Players

• Caterpillar Inc.
• Cummins Inc.
• Generac Holdings Inc.
• Wacker Neuson SE
• Kohler Co.
• Atlas Copco AB
• Denyo Co., Ltd
• Briggs & Stratton Corporation
• Honda Motor Co., Ltd.
• Yanmar Co., Ltd.

Report Scope

In this report, the Global Generator Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Generator Market, By Type

• Diesel
• Gas
• Propane
• Dual Fuel
• Hybrid

Generator Market, By Fuel

• Diesel
• Gas
• Gasoline

Generator Market, By Voltage Rating

• Below 100 kVA
• 100kva to 350 kVA
• 350 kva to 1000 kVA
• Above 1
• 000 kVA

Generator Market, By Application

• Backup Power
• Continuous Power
• Peak Shaving Power

Generator Market, By End Use Industry

• Residential
• Commercial
• Industrial

Generator Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Generator Market.

Available Customizations:

Global Generator Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Generator Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Type (Diesel, Gas, Propane, Dual Fuel, Hybrid)
  • 5.2.2. By Fuel (Diesel, Gas, Gasoline)
  • 5.2.3. By Voltage Rating (Below 100 kVA, 100kva to 350 kVA, 350 kva to 1000 kVA, Above 1, 000 kVA)
  • 5.2.4. By Application (Backup Power, Continuous Power, Peak Shaving Power)
  • 5.2.5. By End Use Industry (Residential, Commercial, Industrial)
  • 5.2.6. By Region
  • 5.2.7. By Company (2025)
• 5.3. Market Map

6. North America Generator Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Type
  • 6.2.2. By Fuel
  • 6.2.3. By Voltage Rating
  • 6.2.4. By Application
  • 6.2.5. By End Use Industry
  • 6.2.6. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Generator Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Type
      • 6.3.1.2.2. By Fuel
      • 6.3.1.2.3. By Voltage Rating
      • 6.3.1.2.4. By Application
      • 6.3.1.2.5. By End Use Industry
  • 6.3.2. Canada Generator Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Type
      • 6.3.2.2.2. By Fuel
      • 6.3.2.2.3. By Voltage Rating
      • 6.3.2.2.4. By Application
      • 6.3.2.2.5. By End Use Industry
  • 6.3.3. Mexico Generator Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Type
      • 6.3.3.2.2. By Fuel
      • 6.3.3.2.3. By Voltage Rating
      • 6.3.3.2.4. By Application
      • 6.3.3.2.5. By End Use Industry

7. Europe Generator Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Type
  • 7.2.2. By Fuel
  • 7.2.3. By Voltage Rating
  • 7.2.4. By Application
  • 7.2.5. By End Use Industry
  • 7.2.6. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany Generator Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Type
      • 7.3.1.2.2. By Fuel
      • 7.3.1.2.3. By Voltage Rating
      • 7.3.1.2.4. By Application
      • 7.3.1.2.5. By End Use Industry
  • 7.3.2. France Generator Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Type
      • 7.3.2.2.2. By Fuel
      • 7.3.2.2.3. By Voltage Rating
      • 7.3.2.2.4. By Application
      • 7.3.2.2.5. By End Use Industry
  • 7.3.3. United Kingdom Generator Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Type
      • 7.3.3.2.2. By Fuel
      • 7.3.3.2.3. By Voltage Rating
      • 7.3.3.2.4. By Application
      • 7.3.3.2.5. By End Use Industry
  • 7.3.4. Italy Generator Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Type
      • 7.3.4.2.2. By Fuel
      • 7.3.4.2.3. By Voltage Rating
      • 7.3.4.2.4. By Application
      • 7.3.4.2.5. By End Use Industry
  • 7.3.5. Spain Generator Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Type
      • 7.3.5.2.2. By Fuel
      • 7.3.5.2.3. By Voltage Rating
      • 7.3.5.2.4. By Application
      • 7.3.5.2.5. By End Use Industry

8. Asia Pacific Generator Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Type
  • 8.2.2. By Fuel
  • 8.2.3. By Voltage Rating
  • 8.2.4. By Application
  • 8.2.5. By End Use Industry
  • 8.2.6. By Country
• 8.3. Asia Pacific: Country Analysis
  • 8.3.1. China Generator Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Type
      • 8.3.1.2.2. By Fuel
      • 8.3.1.2.3. By Voltage Rating
      • 8.3.1.2.4. By Application
      • 8.3.1.2.5. By End Use Industry
  • 8.3.2. India Generator Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Type
      • 8.3.2.2.2. By Fuel
      • 8.3.2.2.3. By Voltage Rating
      • 8.3.2.2.4. By Application
      • 8.3.2.2.5. By End Use Industry
  • 8.3.3. Japan Generator Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Type
      • 8.3.3.2.2. By Fuel
      • 8.3.3.2.3. By Voltage Rating
      • 8.3.3.2.4. By Application
      • 8.3.3.2.5. By End Use Industry
  • 8.3.4. South Korea Generator Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Type
      • 8.3.4.2.2. By Fuel
      • 8.3.4.2.3. By Voltage Rating
      • 8.3.4.2.4. By Application
      • 8.3.4.2.5. By End Use Industry
  • 8.3.5. Australia Generator Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Type
      • 8.3.5.2.2. By Fuel
      • 8.3.5.2.3. By Voltage Rating
      • 8.3.5.2.4. By Application
      • 8.3.5.2.5. By End Use Industry

9. Middle East & Africa Generator Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Type
  • 9.2.2. By Fuel
  • 9.2.3. By Voltage Rating
  • 9.2.4. By Application
  • 9.2.5. By End Use Industry
  • 9.2.6. By Country
• 9.3. Middle East & Africa: Country Analysis
  • 9.3.1. Saudi Arabia Generator Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Type
      • 9.3.1.2.2. By Fuel
      • 9.3.1.2.3. By Voltage Rating
      • 9.3.1.2.4. By Application
      • 9.3.1.2.5. By End Use Industry
  • 9.3.2. UAE Generator Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Type
      • 9.3.2.2.2. By Fuel
      • 9.3.2.2.3. By Voltage Rating
      • 9.3.2.2.4. By Application
      • 9.3.2.2.5. By End Use Industry
  • 9.3.3. South Africa Generator Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Type
      • 9.3.3.2.2. By Fuel
      • 9.3.3.2.3. By Voltage Rating
      • 9.3.3.2.4. By Application
      • 9.3.3.2.5. By End Use Industry

10. South America Generator Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Type
  • 10.2.2. By Fuel
  • 10.2.3. By Voltage Rating
  • 10.2.4. By Application
  • 10.2.5. By End Use Industry
  • 10.2.6. By Country
• 10.3. South America: Country Analysis
  • 10.3.1. Brazil Generator Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Type
      • 10.3.1.2.2. By Fuel
      • 10.3.1.2.3. By Voltage Rating
      • 10.3.1.2.4. By Application
      • 10.3.1.2.5. By End Use Industry
  • 10.3.2. Colombia Generator Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Type
      • 10.3.2.2.2. By Fuel
      • 10.3.2.2.3. By Voltage Rating
      • 10.3.2.2.4. By Application
      • 10.3.2.2.5. By End Use Industry
  • 10.3.3. Argentina Generator Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Type
      • 10.3.3.2.2. By Fuel
      • 10.3.3.2.3. By Voltage Rating
      • 10.3.3.2.4. By Application
      • 10.3.3.2.5. By End Use Industry

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Merger & Acquisition (If Any)
• 12.2. Product Launches (If Any)
• 12.3. Recent Developments

13. Global Generator Market: SWOT Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Products

15. Competitive Landscape

• 15.1. Caterpillar Inc.
  • 15.1.1. Business Overview
  • 15.1.2. Products & Services
  • 15.1.3. Recent Developments
  • 15.1.4. Key Personnel
  • 15.1.5. SWOT Analysis
• 15.2. Cummins Inc.
• 15.3. Generac Holdings Inc.
• 15.4. Wacker Neuson SE
• 15.5. Kohler Co.
• 15.6. Atlas Copco AB
• 15.7. Denyo Co., Ltd
• 15.8. Briggs & Stratton Corporation
• 15.9. Honda Motor Co., Ltd.
• 15.10. Yanmar Co., Ltd.

16. Strategic Recommendations

17. About Us & Disclaimer