The global genset market, valued at approximately USD 50,265.7 million in 2025, is expected to experience steady growth, reaching around USD 90,871.2 million by 2035, driven by a compound annual growth rate (CAGR) of 6.1%. This expansion is fueled by rising demand for reliable backup power solutions, increasing industrialization, and the growing adoption of gensets across commercial, residential, and industrial sectors.
Increasing instances of power outages, coupled with the growing need for backup power in residential, commercial, and industrial sectors, are further fueling market demand.
Get Your Sample Report Now! https://www.futuremarketinsights.com/report-sample#5245502d47422d3138373432
Key Growth Drivers
- Rising Power Outages and Grid Reliability Issues
Increasing strain on power grids due to rising energy consumption and natural disasters is driving demand for backup power solutions. Gensets provide a reliable alternative for businesses and households to mitigate disruptions. - Expanding Industrial and Construction Sectors
Rapid industrialization and infrastructural developments worldwide are pushing the demand for gensets. Construction sites, mining operations, and remote industrial units rely heavily on gensets for power continuity. - Growth of Data Centers and IT Infrastructure
The surge in digital transformation and cloud computing has led to a rise in data center establishments. These facilities require uninterrupted power to maintain operations, significantly contributing to genset market expansion. - Increasing Demand for Hybrid and Green Gensets
Rising environmental concerns and stringent emission regulations are encouraging the adoption of hybrid gensets that integrate renewable energy sources such as solar and wind with traditional generators. - Technological Advancements and Smart Gensets
The integration of IoT-enabled gensets with real-time monitoring capabilities allows for predictive maintenance and enhanced efficiency, making them more attractive to businesses and industries.
Discover Detailed Findings in the Complete Report! https://www.futuremarketinsights.com/reports/genset-market
Key Takeaways
- Global Growth: The genset market is expected to grow at a CAGR of 6.1% from 2025 to 2035, driven by increasing power outages and industrial expansion.
- Key Industries: High demand from sectors such as healthcare, data centers, and construction is fueling market expansion.
- Green & Hybrid Gensets: Rising environmental concerns are boosting the adoption of hybrid and low-emission gensets.
- Technological Advancements: Smart and IoT-enabled gensets are enhancing operational efficiency and predictive maintenance.
- Regional Demand: Asia-Pacific leads the market with rapid industrialization, while North America and Europe focus on backup solutions and sustainability.
Genset Market Key Players
- Caterpillar Inc.
- Cummins Inc.
- Generac Holdings Inc.
- Mitsubishi Heavy Industries Ltd.
- Kohler Co.
- ABB Ltd.
- MTU Onsite Energy
- Atlas Copco AB
- Kirloskar Electric Company Ltd.
- Briggs & Stratton Corporation
Electrical & Heavy Machinery Industry Analysis: https://www.futuremarketinsights.com/industry-analysis/electrical-and-heavy-machinery
Genset Market Segmentation
By Power Range:
- Below 55 kW
- 56 to 130 kW
- 130 to 330 kW
- 330 to 560 kW
- 560 to 750 kW
- 750 to 1000 kW
- 1000 to 3000 kW
- Above 3000 kW
By Application:
- Standby
- Peak Shaving
- Prime/Continuous
By End-user:
- Residential
- Commercial
- Industrial
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
