Asia Pacific Industrial Generator Market Size – By Power Rating, By Fuel, By End Use, By Application, Analysis, Share, Growth Forecast, 2025 – 2034

Asia Pacific Industrial Generator Market Size

The Asia Pacific industrial generator market was valued at USD 12.8 billion in 2024 and is estimated to grow at a CAGR of 7.3% from 2025 to 2034. Rapid industrialization and urbanization along with the growing demand for a dependable power supply will augment the business landscape. The need for generators will be fueled by the priority of ensuring a stable power supply, which is essential for businesses and industries throughout the region.
 

An industrial generator is a specialized device engineered to generate electrical power, primarily for situations requiring a steady and dependable energy supply. These generators are extensively utilized in industrial environments to ensure electricity availability during scheduled or unexpected outages, as well as in off-grid or remote areas lacking access to the main electrical grid. They offer energy security and serve as a backup to prevent disruptions in critical services. Additionally, industrial generators play a vital role in powering operations across sectors including mining, agriculture, and telecommunications.
 

Asia Pacific Industrial Generator Market Trends

The industrial generator sets industry is set to expand driven by strict environmental regulations promoting energy efficiency and an increasing emphasis on cleaner energy solutions. The industry stands to benefit from the rising need for dependable and uninterrupted power across sectors such as manufacturing, oil & gas, mining, and construction. Additionally, stringent government policies and efforts to minimize power outages are set to further propel the growth in this sector.
 

Asia Pacific Industrial Generator Market Analysis

The > 75 kVA - 375 kVA rated industrial generator market will exceed USD 4.5 billion by 2034. The demand for reliable backup power solutions continues to be a key driver for these units, especially in industries, commercial establishments and critical infrastructure. This need is particularly significant with frequent power outages or unstable grid infrastructure. These gensets play a crucial role in supplying backup and primary power for various operations, particularly in remote areas. The demand for gensets is strongly linked to the overall performance and growth of the sector.
 

The diesel fueled industrial generator market is anticipated to grow at a CAGR of over 6.5% through 2034, owing to the numerous advantages these generators provide comprising of scalability, flexibility, and reliable operation under all weather conditions. Additionally, their affordability and capability to deliver uninterrupted, 24*7 power supply are key factors driving the industry expansion. The ongoing industrial revolution is set to significantly increase power demands for industrial operations, which in turn will fuel the product penetration.
 

The standby industrial generator market is set for substantial growth driven by strong infrastructure development and a renewed emphasis on industrialization. The extensive application of these generators in power utilities, mining operations, and construction projects is revitalizing the business landscape. These generators are primarily used in situations where the electricity supply from the power grid is limited or unavailable.
 

China industrial generator market is set to reach over USD 10 billion by 2034. Government incentives and subsidies have been instrumental in driving the adoption of cleaner and more efficient generator technologies. These initiatives motivate businesses and individuals to invest in gensets that meet established standards. Additionally, growing environmental concerns and a heightened focus on corporate sustainability will boost the adoption of advanced, eco-friendly technologies, enhancing the industry growth potential.
 

Asia Pacific Industrial Generator Market Share

The manufacturers in the industrial generator market employ several key strategies to remain competitive and meet evolving customer demands. Strategic partnerships and collaborations are also being leveraged to expand market reach and improve product offerings. Additionally, manufacturers are focusing on diversifying their product portfolios to cater to various industries, while adhering to stringent environmental and safety regulations. Customization options and after-sales services are further enhancing customer satisfaction and loyalty in this competitive landscape.
 

Asia Pacific Industrial Generator Market Companies

Major players operating in the Asia Pacific industrial generator industry are:

• Ashok Leyland
• Atlas Copco
• Caterpillar
• Cummins
• Deere & Company
• Generac Power Systems
• Greaves Cotton
• HIMOINSA
• J C Bamford Excavators
• Kirloskar
• Rehlko
• MAHINDRA POWEROL
• Mitsubishi Heavy Industries
• Sterling Generator
• Supernova Genset
• Wartsila
   

Asia Pacific Industrial Generator Industry News

• In July 2024, Cummins launched its complete range of generator sets, up to 800 kWh, compliant with CPCBIV+ emission standards. The company presented its 125 kVA model at bauma CONEXPO, which achieves a 90% reduction in particulate matter (PM) and nitrogen oxides (NOx) emissions, meeting global emission requirements. The generator sets feature integrated telematics systems for real-time monitoring and fault detection, improving operational efficiency and reliability and can widely be used in manufacturing, healthcare and hospitality to optimize fuel efficiency, lower emissions.
   
• In April 2024, Mitsubishi Electric Corporation and Mitsubishi Heavy Industries announced the successful merger of their power-generator systems businesses, forming the new entity Mitsubishi Generator Co. This joint venture combines the expertise and resources of both the companies, strengthening their market position and maximizing synergies. The newly formed company aims to broaden its global footprint in the power-generator systems sector, supporting the transition to a carbon-neutral world.
   

This Asia Pacific industrial generator market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (‘000 Units) & revenue (USD Million) from 2021 to 2034, for the following segments:

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Market, By Power Rating

• ≤ 75 kVA
• > 75 kVA - 375 kVA
• > 375 KVA - 750 kVA
• > 750 kVA

Market, By Fuel

• Diesel
• Gas
• Others

 Market, By End Use

• Oil & Gas
• Manufacturing
• Construction
• Electric Utilities
• Mining
• Transport & Logistics
• Others

Market, By Application

• Standby
• Peak Shaving
• Prime/continuous

The above information has been provided for the following countries:

• China
• Australia
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Thailand
• Vietnam
• Philippines
• Myanmar
• Bangladesh