Diesel Generator Sets Market (By Type: Power Less Than 200KW, Power at 200-500KW, and Power Greater Than 500KW; By Application: Household and Commercial Fields, Communication, Industrial Backup Power, Architecture, Diesel Power Station, and Other; By Region: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) Industry Size, Share, Growth, Trends 2025 to 2034
The global diesel generator sets market was valued at USD 17.69 billion in 2024 and is projected to reach USD 36.79 billion by 2034, growing at a CAGR of 7.6%. This growth is driven by increasing demand for reliable backup power solutions across industries, infrastructure projects, and remote locations, as well as advancements in generator technology.
| Reports Attributes | Statistics |
| Market Size in 2024 | USD 17.69 Billion |
| Market Size in 2025 | USD 19.03 Billion |
| Market Size in 2031 | USD 29.53 Billion |
| Market Size by 2034 | USD 36.79 Billion |
| CAGR 2025 to 2034 | 7.6% |
| Base Year | 2024 |
| Forecast Period | 2025 to 2034 |
| Regions | Shares (%) |
| North America | 27% |
| Asia Pacific | 38% |
| Europe | 22% |
| LAMEA | 13% |
| Segments | Shares (%) |
| Power Less Than 200KW | 42% |
| Power at 200-500KW | 35% |
| Power Greater Than 500KW | 23% |
| Segments | Shares (%) |
| Household and Commercial Fields | 26% |
| Communication | 14% |
| Industrial Backup Power | 28% |
| Architecture | 11% |
| Diesel Power Station | 16% |
| Other | 5% |
