Generator Market Size

  • Report ID: 5930
  • Published Date: Sep 16, 2025
  • Report Format: PDF, PPT

Generator Market Outlook:

Generator Market size was over USD 36.46 billion in 2025 and is anticipated to cross USD 60.53 billion by 2035, growing at more than 5.2% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of generator is assessed at USD 38.17 billion.

According to the National Centers for Environmental Information, the U.S. has experienced an average of about 18 billion USD in climate disasters each year, with about 18 climate disasters in 2022 causing a total of more than ​​175.2 billion USD in damage and resulting in 474 fatalities.

Furthermore, there is a rapid increase in industrialization due to the increase in factories, and manufacturing plants to operate the equipment and production lines. The US economic growth has been mainly concentrated in a few places, such as 6% of the US accounts for about two-thirds of the GDP output, they have greatly increased the generator market in the forecasted years.


Generator Market Size

Browse key industry insights with market data tables & charts from the report:

Frequently Asked Questions (FAQ)

In the year 2026, the industry size of generator is assessed at USD 38.17 billion.

The global generator market size surpassed USD 36.46 billion in 2025 and is projected to grow at a CAGR of over 5.2%, reaching USD 60.53 billion revenue by 2035.

The North America generator market achieves a 40% share by 2035, fueled by rising demand for renewable energy and backup power in light of power failures.

Key players in the market include Generac Power Systems, American Honda Motor Corp., Caterpillar Inc., Cummins Inc., Ingersoll Rand, John Deere, HiPower Systems, Kohler – SDMO, Wacker Neuson.
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