Global Power Generation and Electric Generators Market

1. Summary

The Global Power Generation and Electric Generators Market was valued at $2,117 bn. in 2025. During the forecast period 2025-2030, it is expected to grow at 5.7% CAGR, to an estimated market size of $2,793 bn. in 2030. A detailed breakdown by segment and geography is provided in the downloadable datasheet.

2. Market Definition

The global Power Generation and Electric Generators market encompasses the production of electricity via fossil fuels, renewables, and nuclear energy for grid supply, alongside the manufacturing and distribution of standby, prime, and portable generator equipment for industrial, commercial, and residential use.

3. Trends & Demand Drivers

Several key trends are expected to significantly impact the Power Generation and Electric Generators Market in the period 2025-30:

• Increasing demand for uninterrupted power in critical sectors like data centers, healthcare, and IT/telecom to ensure business continuity.
• Rapid transition toward renewable energy sources such as solar and wind driven by environmental mandates and falling technology costs.
• Integration of digital controls and AI for predictive maintenance and remote monitoring of power generation assets.
• Expansion of decentralized power systems and microgrids to support remote areas and enhance energy security.
• Growing electricity consumption driven by the electrification of transportation, including electric vehicles and electrified railways.
• Modernization of aging power plants and infrastructure to enhance global grid reliability and accommodate hybrid power models.

4. Market Breakdown

The downloadable datasheet breaks market sizes and growth rates (CAGRs) down into the following geographies and segments: