Diesel Generator And Gasoline Generator Market size is estimated to be USD 24.5 Billion in 2024 and is expected to reach USD 35.8 Billion by 2033 at a CAGR of 4.8% from 2026 to 2033.
The global diesel generator and gasoline generator market was valued at USD 23.8 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. The increasing demand for reliable and uninterrupted power supply across various industries, including construction, manufacturing, and residential sectors, is driving the markets growth. Diesel generators are expected to hold the largest market share due to their higher efficiency and long term cost effectiveness in industrial applications. Gasoline generators, while smaller in market share, are anticipated to witness steady growth due to their portability and lower initial cost, making them popular in smaller scale applications such as recreational and backup power needs. The market size for gasoline generators in 2022 was valued at approximately USD 7.1 billion, while diesel generators contributed USD 16.7 billion to the total market size in the same year.
Regionally, North America dominated the diesel and gasoline generator market in 2022, accounting for a revenue share of 34.5%, primarily driven by the United States. The region’s large industrial base and a high demand for emergency power systems contributed significantly to this growth. Europe and Asia Pacific followed, with Europe representing a market share of 27.3% and Asia Pacific contributing around 23.8%. Asia Pacific, however, is expected to see the highest CAGR of 6.1% from 2023 to 2030, fueled by rapid industrialization, increasing infrastructure development, and a growing need for backup power solutions in emerging economies like India and China. Latin America and the Middle East & Africa (MEA) hold smaller shares but are expected to witness moderate growth due to increasing investments in infrastructure and urbanization.
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Kirloskar
Kohler
STARLICHT POWER
Himoinsa
TAOCONN
MTU Onsite Energy Systems
Caterpillar
APR Energy
YINGTAI GROUP
Cummins
Generac Holdings
Yanmar
MQ Power Corporation
Mitsubishi Heavy Industries
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Diesel Generator And Gasoline Generator Market
Diesel Generators
Gasoline Generators
Residential
Commercial
Industrial
Private Sector
Public Sector
Below 5 kVA
5 kVA to 10 kVA
10 kVA to 100 kVA
Above 100 kVA
Diesel
Gasoline
Hybrid
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Diesel Generator And Gasoline Generator Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Diesel Generator And Gasoline Generator Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Diesel Generator And Gasoline Generator Market, By Type
6. Global Diesel Generator And Gasoline Generator Market, By Application
7. Global Diesel Generator And Gasoline Generator Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Diesel Generator And Gasoline Generator Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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