Companies Dominating the Generator Sets Landscape
- Generac Power Systems, Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Caterpillar Inc.
- Cummins Inc.
- Kohler Co.
- Atlas Copco Group
- Yanmar Holdings Co.
- Wärtsilä Corporation
- Mitsubishi Heavy Industries, Ltd.
- Kirloskar Electric Company
- Rolls-Royce
- Cooper Corp.
- AGCO Corporation
- INNIO
The global generator sets market is highly concentrated, with some established players dominating the landscape. Some key players are Caterpillar Inc., Cummins Inc., Kohler Co., Atlas Copco, Mitsubishi Heavy Industries Ltd., and Generac Power Systems, Inc., which hold substantial market shares. Indeed, strong brand recognition, technology expertise, and global reach raise tough entry barriers to new entrants.
Market players have been embarking on mergers and acquisitions as a strategic step towards consolidating positions and diversifying product lines. For example, in June 2024, DEUTZ AG completed the acquisition of Blue Star Power Systems. This buyout is likely to help the company get a stronger foothold in North America’s market and provide an opportunity to leverage the expertise of Blue Star in developing and manufacturing generator sets. Such strategic initiatives are likely to increase competition among existing players while opening up opportunities for new entrants with innovative and differentiated products.
Here are some leading companies in the generator sets market:
