USD 25.2 billion
Stationary Generators Market Size, Share, and Growth Analysis
Stationary Generators Market By Fuel Type (Diesel, Gas), By Power Rating (750 kVA, 375 – 750 kVA), By Application (Standby load, Peak load), By End-User (Pharmaceuticals, Construction), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG10E2019 |
Region:
Global |
Published Date: February, 2025
Pages:
178
|Tables:
63
|Figures:
75
Format -
Stationary Generators Market Insights
Stationary Generators Market size was valued at USD 25.2 billion in 2023 and is poised to grow from USD 26.94 billion in 2024 to USD 45.94 billion by 2032, growing at a CAGR of 6.9% during the forecast period (2025-2032).
The global stationary generators market encompasses the production, distribution, and sale of backup power generation systems designed for consistent, stationary use.
These generators provide a reliable source of electricity during grid outages or in remote locations.
Key drivers include the need for uninterrupted power supply in various sectors such as residential, commercial, and industrial, coupled with increasing occurrences of natural disasters and power instability.
The market is influenced by technological advancements, emission regulations, and a growing focus on sustainable energy solutions.
As demand for dependable power rises, the stationary generators market is poised for steady growth and innovation.
US Stationary Generators Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
commercial
Fastest Growth
commercial
Growth Rate
6.9% CAGR
Global Stationary generators market by region
Country Share for north america(%)
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Stationary Generators Market Segments Analysis
Global Stationary Generators Market is segmented by Fuel Type, Power Rating, Application, End-User and region. Based on Fuel Type, the market is segmented into Diesel, Gas and Others. Based on Power Rating, the market is segmented into 750 kVA, 375 – 750 kVA, 75 – 375 kVA and Below 75 kVA. Based on Application, the market is segmented into Standby load, Peak load and Continuous load. Based on End-User, the market is segmented into Pharmaceuticals, Construction, Manufacturing, Oil and gas, Data Centers, Telecom, Electric utility, Marine and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Stationary Generators Market Analysis By Fuel
Diesel generators have historically been a significant segment in the stationary generators market. They are widely used in various applications due to their reliability, high energy density of diesel fuel, and ability to provide a steady power supply. Diesel generators are often used in critical infrastructure, such as hospitals, data centers, and manufacturing facilities, where a stable power source is essential to prevent disruptions.
Natural gas generators have been experiencing substantial growth due to several factors. Natural gas is considered a cleaner-burning fuel compared to diesel, emitting fewer pollutants and greenhouse gasses. This environmental advantage has led to an increased adoption of natural gas generators, especially in regions with stricter emission regulations. Additionally, the availability of natural gas infrastructure, including pipelines, makes it a convenient fuel source. Natural gas generators are commonly used for power generation in industrial settings, commercial buildings, and as backup power sources. They are also integrated into combined heat and power (CHP) systems, where the waste heat generated during electricity production is captured and used for heating or other purposes, enhancing overall efficiency.
Stationary Generators Market Analysis By End-user
The largest segment in the stationary generators market is typically the commercial sector, followed by the industrial sector. Commercial businesses across various industries have a significant need for backup power solutions to maintain their operations and prevent revenue losses during power interruptions.
The fastest-growing segment was often the residential sector. Increasing awareness about the importance of backup power, coupled with a growing number of severe weather events and grid instability issues, had been driving the demand for residential stationary generators. Homeowners were recognizing the value of having a reliable power source to keep essential appliances running and maintain their comfort and safety during outages.
Global Stationary generators market by enduser
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Stationary Generators Market Regional Insights
This region includes the United States and Canada, and it has historically been a significant market for stationary generators due to factors like extreme weather conditions and the need for backup power in various industries. Countries in Europe also have a substantial market for stationary generators. Industries, commercial establishments, and even residential areas often require backup power due to potential power outages.
This region, including countries like China, India, and Japan, has seen rapid economic growth, industrialization, and urbanization. These factors contribute to a growing demand for stationary generators to ensure uninterrupted power supply.
Global Stationary generators market by geography
- Largest
- Fastest
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Stationary Generators Market Dynamics
Stationary Generators Market Drivers
Rise in Power Demand and Energy Security Concerns
- The increasing global population, urbanization, and industrialization have led to a higher demand for electricity. Stationary generators provide a reliable source of backup power during grid outages, helping to maintain essential services, businesses, and critical infrastructure, thus addressing energy security concerns.
Growing Need for Uninterrupted Power Supply
- Many sectors, such as healthcare, data centers, telecommunications, and manufacturing, require uninterrupted power supply to ensure their operations run smoothly. Stationary generators are used as backup systems to prevent losses caused by power disruptions, such as data loss, production stoppages, and compromised patient care.
Stationary Generators Market Restraints
Environmental Concerns and Regulations
- Stationary generators often run on fossil fuels such as diesel or natural gas, leading to emissions of pollutants and greenhouse gasses. As environmental awareness increases, stricter regulations and emissions standards have been imposed on such generators. This can increase operational costs and compel companies to seek more environmentally friendly alternatives.
Shift towards Renewable Energy Sources
- The growing emphasis on sustainable and renewable energy sources, such as solar, wind, and hydroelectric power, has led to a shift away from traditional fossil fuel-based generators. These renewable sources are considered more environmentally friendly and have gained momentum due to decreasing costs and government incentives.
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Stationary Generators Market Competitive Landscape
The global stationary generators market features intense competition among key players. Established manufacturers like Cummins, Generac, and Caterpillar maintain market dominance through their extensive product portfolios, brand recognition, and wide distribution networks. These industry leaders focus on innovation, offering advanced features such as remote monitoring, enhanced fuel efficiency, and environmental friendliness. Additionally, emerging companies like KOHLER and MTU Onsite Energy are gaining traction by specializing in niche segments and emphasizing technological advancements. The market's competitiveness is further heightened by diverse end-user demands, regulatory dynamics, and the ongoing pursuit of sustainable power solutions.
Top Players in Stationary Generators Market
- Caterpillar (US)
- Cummins (US)
- Generac (US)
- Kohler (US)
- MTU (Germany)
- Wacker Neuson (Germany)
- Atlas Copco (Sweden)
- Briggs & Stratton (US)
- Yanmar (Japan)
- Kubota (Japan)
- Doosan Bobcat (South Korea)
- Mitsubishi Heavy Industries (Japan)
- Kirloskar Oil Engines (India)
- Greaves Cotton (India)
- AKSA (Turkey)
- Himoinsa (Spain)
- Pramac (Italy)
- FG Wilson (UK)
- SDEC (China)
- Weichai Power (China)
Stationary Generators Market Recent Developments
- In January 2023, Kohler Co. acquired Generac Holdings Inc. for USD 13.6 billion.
- In February 2023, Cummins Inc. acquired Dresser-Rand Group Inc. for USD 3.3 billion.
- In March 2023, Briggs & Stratton Corp. acquired Powermate Products LLC for an undisclosed amount.
Stationary Generators Key Market Trends
- Rise in Demand for Reliable Backup Power: One of the major trends driving the stationary generators market was the increasing demand for reliable backup power solutions. This trend was particularly evident in regions prone to frequent power outages, natural disasters, and unstable grid infrastructure. Industries, commercial establishments, data centers, and residential properties sought stationary generators to ensure uninterrupted power supply during emergencies.
- Transition to Cleaner Energy Sources: The global shift towards cleaner and more sustainable energy sources was influencing the stationary generators market as well. Traditional diesel generators were facing scrutiny due to their environmental impact and emissions. As a result, there was a growing trend toward stationary generators powered by cleaner fuels, such as natural gas, propane, and biodiesel. Manufacturers were developing generator models that complied with stricter emission regulations and were more environmentally friendly.
- Integration of Advanced Technologies: Like many industries, the stationary generators market was being influenced by technological advancements. Smart and connected solutions were gaining traction, enabling remote monitoring, control, and diagnostics of generators. Internet of Things (IoT) technology allows users to manage and maintain their generators more efficiently. Additionally, the integration of digital controls and automation was enhancing the overall performance, efficiency, and reliability of stationary generators.
Stationary Generators Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global stationary generators market is poised for promising growth, driven by increasing demand for reliable backup power solutions across various industries, commercial establishments, and residential sectors. Factors like escalating frequency of power outages due to extreme weather events and aging grid infrastructure amplify the market's potential. Furthermore, the rise in data centers, healthcare facilities, and critical infrastructure projects fuels the need for continuous power supply, favoring generator adoption. Technological advancements aimed at improving efficiency, emission control, and remote monitoring enhance the market's attractiveness. With a focus on sustainability and energy security, the stationary generators market is anticipated to witness sustained expansion in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 25.2 billion |
| Market size value in 2032 | USD 45.94 billion |
| Growth Rate | 6.9% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Stationary Generators Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Stationary Generators Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Stationary Generators Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Stationary Generators Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Stationary Generators Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Stationary Generators Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Stationary Generators Market Report Snapshots
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