Marine Gensets Market Size – By Fuel, By Power Rating, By Application, Analysis, Share, Growth Forecast, 2025 – 2034

The 1,000 kW

Key players in the marine gensets industry include ABB, Anglo Belgian Corporation, Caterpillar, Cummins, Deere & Company, Fischer Panda, GlobalTec Solutions, Kirloskar, Kohler, MAN Energy Solutions, Mase Generators of North America, Mitsubishi Heavy Industries, Nidec Industrial Solutions, Northern Lights, Parikh Power, Rolls-Royce, Scania, Societe Internationale des Moteurs Baudouin, Sole Diesel, Volvo Penta, W

The U.S. marine gensets market is set to reach over USD 950 million by 2034, led by technological advancements, including hybrid systems and renewable energy integration, and government incentives for green technologies.

The global market for marine gensets was reached USD 6.6 billion in 2024 and is estimated to grow at a 4.1% CAGR from 2025 to 2034, driven by expanding global population and infrastructure development in emerging economies.

The MDO fueled marine gensets industry is projected to exceed USD 5 billion by 2034, due to environmental regulations and the fuels' reliability and efficiency in high and medium-speed engines.