Global Generator Sets Market Size & Outlook, 2024-2030
The generator sets industry worldwide is expected to reach a projected revenue of US$ 57,926.1 million by 2030. A compound annual growth rate of 9.3% is expected of the worldwide generator sets industry from 2025 to 2030.
Revenue, 2024 (US$M)
$34,166.6
Forecast, 2030 (US$M)
$57,926.1
CAGR, 2025 - 2030
9.3%
Report Coverage
Worldwide
Global generator sets market, 2018-2030 (US$M)
Related Markets
Global generator sets market highlights
- The global generator sets market generated a revenue of USD 37,050.9 million in 2025 and is expected to reach USD 57,926.1 million by 2030.
- The market is expected to grow at a CAGR (2026 - 2030) of 9.3% by 2030.
- In terms of segment, low power gensets accounted for a revenue of USD 16,229.5 million in 2025.
- Medium Power Gensets is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2025.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2026 to 2030.
Global data book summary
| Market revenue in 2025 | USD 37,050.9 million |
| Market revenue in 2030 | USD 57,926.1 million |
| Growth rate | 9.3% (CAGR from 2025 to 2030) |
| Largest segment | Low power gensets |
| Fastest growing segment | Medium Power Gensets |
| Historical data covered | 2017 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low Power Gensets, Medium Power Gensets, High Power Gensets |
Other key industry trends
- In terms of revenue, the North America accounted for 20.5% of the global generator sets market in 2025.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 1,157.8 million by 2030.
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Generator Sets Market Scope
Generator sets market segmentation & scope
Generator Sets Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global generator sets market size, by regions, 2018-2030 (US$M)
Top 10 countries: Generator sets market size, 2024 (US$M)
Global generator sets market share, by type, 2024 & 2030 (%, US$M)
Generator sets market: Opportunity assessment by country
Global generator sets market, by region, 2024 (US$M)
Related regional statistics
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