Electric Generator Market Size

Market Size in USD Bn

CAGR6.8%

Study Period	2025-2032
Base Year of Estimation	2024
CAGR	6.8%
Market Concentration	High
Major Players	Caterpillar Inc., Cummins Inc., Generac Holdings Inc., Siemens AG, Kohler Co. and Among Others

*Disclaimer: Major players are listed in no particular order.

*Source: Coherent Market Insights

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Electric Generator Market Analysis

The electric generator market is estimated to be valued at USD 34.58 Bn in 2025 and is expected to reach USD 54.81 Bn by 2032. It is projected to grow at a compound annual growth rate (CAGR) of 6.8% from 2025 to 2032. The electric generator market is set to expand steadily due to rising demand for uninterrupted and backup power from both residential and commercial users.