Energy & Power · Market Research Brief
Generator Sets Market Powering resilience: where the next USD 10.6 billion of backuppower value will be created Global Opportunity Analysis & Industry Forecast, 2022–2030
$27.50B
$38.10B
7.1%
Market size, 2021
Forecast size, 2030
CAGR, 2022–2030
Prepared for investors, internal strategy teams & B2B decision-makers · Report code EP572 Copyright © Next Move Strategy Consulting
01 · Market Landscape
Generator Sets Market Overview
A USD 27.5B backup-power market on track to reach USD 38.1B by 2030 Executive summary
▸Valued at USD 27.50B (2021), forecast to hit USD 38.10B by 2030 at a reported 7.1% CAGR (2022–2030). ▸Asia-Pacific holds the lion's share and is expected to stay dominant; North America shows a steady rise. ▸Grid uncertainty and standby demand lift growth; capex, maintenance cost and emissions are key restraints.
Global market size (USD billion)
Market share
Asia-Pacific
38.10 27.50
Largest regional share, expected to remain dominant through 2030.
+USD 10.6B 7.1% CAGR
Share drivers
IT & telecom, healthcare and utilities demand, plus a strong base of local OEMs.
2021
2030
Industry ecosystem: from component to end user Components
Products
Fuel & use
End users
Engine, alternator, fuel system, voltage regulator, cooling & exhaust
Portable, inverter, standby · AC/DC · <50 to >750 kVA
Diesel, gas, hybrid · standby, peak shaving, prime/continuous
Oil & gas, manufacturing, construction, utilities, mining, telecom, data centers
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02 · Growth Drivers & Opportunities
Where Demand Is Coming From
Unreliable grids and always-on industries keep standby standby power in demand 01
02
03
Remote-area power gaps
Weather-driven outages
Industrial standby need
Backup demand where grid supply is absent or inadequate.
Storms and floods damage grid infrastructure, raising supply risk.
Manufacturing, healthcare, construction and mining need consistent supply.
Growth opportunity map
Asia-Pacific · Lead
N. America · Steady rise
Largest share; IT & telecom,
IoT, edge & 5G enable 24/7 fuel
healthcare, utilities demand
and emission monitoring
High-potential segments
Restraints to watch
●Hybrid gensets: diesel paired with gas, solar, tidal or wind —
▸ High installation &
cheaper, lower-carbon.
maintenance capex
●Standby generators for continuous industrial and healthcare
▸ Rising carbon-emission
operations.
scrutiny
●Commercial end users: data centers, telecom, malls and office
▸ Shift favours low-carbon and
buildings.
hybrid designs
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03 · Competitive Scenario
Who Leads and How They Win
Leaders compete on technology upgrades and lowlow-carbon fuel readiness Competitive positioning matrix · regional anchor of profiled players North America
Asia-Pacific
Diversified global
Steady growth · strong OEM base
Largest share · commercial demand
Rental, industrial & electrification
Caterpillar
Cummins
Aggreko
Siemens AG
Mitsubishi Heavy Ind. Kohler Co.
Generac
ABB Honda Siel
Atlas Copco
Himoinsa Trane Tech.
Key strategic moves Company
Date
Move & impact
Strategy
Mitsubishi Heavy Ind.
Mar 2022
Launched MGS-R diesel series for data centers, malls & offices
Product expansion
ABB Group
Mar 2022
Permanent-magnet shaft generator: 30% lighter, 4% lower fuel cost
Technology
Kohler Power Systems
Feb 2022
Full diesel range runs on HVO blends with no engine adaptation
Low-carbon fuel
General Motors
Jan 2022
With Renewable Innovations: hydrogen fuelcell mobile generators for EV charging
Partnership
What it means for you Investors
Strategy teams
Back hybrid and low-carbon platforms that answer emission restraints.
Prioritise Asia-Pacific commercial demand: data centers, telecom, healthcare.
Copyright © Next Move Strategy Consulting
B2B buyers Specify HVO-ready, IoTmonitored units to cut fuel and emission risk.
04 · Connect With Us
Thank You
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Phone
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+1 857 758 5017
info@nextmsc.com
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