Gas Generator Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Global Gas Genset Market Analysis and it is segmented by Capacity Rating (Less than 75 kVA, 75-375 kVA, and Above 375 kVA), End User (Industrial, Commercial, and Residential), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East & Africa).

Gas Generator Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Gas Powered Generator Market Size

Gas Generator Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 4.95 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Gas Generator Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Gas Generator Market with other markets in Energy & Power Industry

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Gas Powered Generator Market Analysis

The Gas Generator Market is expected to register a CAGR of 4.95% during the forecast period.

  • Over the medium term, factors such as increasing awareness regarding natural gas as a clean and reliable fuel, increased concerns over diesel maintenance and refueling issues, and decreasing natural gas fuel prices will likely drive the gas generator market in the forecast period.
  • On the other hand, the lack of gas grid connectivity via pipeline, resulting in hindered fuel supply, is expected to act as a restraining factor to the gas generator market during the forecast period.
  • Nevertheless, the commercial and industrial sectors of emerging economies, the residential sector of developed economies, and the increasing need for power in defense operations are expected to create significant opportunities for market participants during the forecast period.
  • North America is expected to be the largest market during the forecast period for gas generators, with most of the demand expected to come from the United States and Canada.

Gas Powered Generator Industry Overview

The gas generator market is moderately fragmented. Some of the key players in this market (not in particular order) include Generac Holdings Inc., Caterpillar Inc., Mitsubishi Heavy Industries Ltd, Cummins Inc., and Kohler Co.

Gas Powered Generator Market Leaders

  1. Generac Holdings Inc.

  2. Caterpillar Inc.

  3. General Electric Company

  4. Cummins Inc.

  5. Kohler Co.

  6. *Disclaimer: Major Players sorted in no particular order
Gas Generator Market Concentration
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Gas Powered Generator Market News

  • February 2023: Cummins Inc. announced adding 175kW and 200kW natural gas standby generator sets for North American customers. These two new generator sets are a part of Cummins's continual investment in new and sustainable technologies as part of Destination Zero, the company's strategy to reach zero emissions across its products. The new 175kW and 200kW natural gas generator sets offer customers industry-leading power density and are engineered to provide exceptional performance and consistent reliability to meet customers' power requirements.
  • July 2022: Sterling Generators announced a strategic partnership with Moteurs Baudouin, a French power generation diesel and gas engine manufacturer. The collaboration will capitalize on Baudouin's tradition of producing high-quality diesel and gas engines and Sterling Generators' fuel-efficient, cleverly engineered auxiliary power solutions.
  • January 2022: Caterpillar Inc. unveiled the Cat G3516 Fast Reaction generator set, which adds a 1.5 MW power node to its increasing array of natural-gas power solutions that deliver market-leading load acceptance, transient response, and EPA certification for mission-critical applications.

Gas Powered Generator Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2028
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.1.1 Increasing Awareness Regarding Natural Gas as a Clean and Reliable Fuel
    • 4.5.1.2 Increasing Concerns Over Diesel Maintenance and Refueling Issues
    • 4.5.2 Restraints
    • 4.5.2.1 Lack of Gas Grid Connectivity Via Pipeline, Resulting in Hindered Fuel Supply
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Power Rating
    • 5.1.1 Less than 75 kVA
    • 5.1.2 75-375 kVA
    • 5.1.3 Above 375 kVA
  • 5.2 End-User
    • 5.2.1 Industrial
    • 5.2.2 Commercial
    • 5.2.3 Residential
  • 5.3 Geography (Regional Market Analysis {Market Size and Demand Forecast till 2028 (for regions only)})
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Rest of North America
    • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 France
    • 5.3.2.3 United Kingdom
    • 5.3.2.4 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 India
    • 5.3.3.3 Japan
    • 5.3.3.4 South Korea
    • 5.3.3.5 Rest of Asia-Pacific
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 United Arab Emirates
    • 5.3.5.3 South Africa
    • 5.3.5.4 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Generac Holdings Inc.
    • 6.3.2 Caterpillar Inc.
    • 6.3.3 AKSA Power Generation
    • 6.3.4 Cooper Corporation
    • 6.3.5 Mitsubishi Heavy Industries Ltd.
    • 6.3.6 Kohler Co.
    • 6.3.7 Cummins Inc.
    • 6.3.8 General Electric Company
    • 6.3.9 F.G. Wilson
    • 6.3.10 MTU America Inc.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 The Increasing Need for Power in Defense Operations
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Gas Powered Generator Industry Segmentation

A gas generator runs on gas instead of the traditional choices of fuel, such as gasoline or diesel, and produces the required electricity. As one of the most economical and efficient fuels among non-renewable resources for power generation, natural gas can power emergency and portable generators.

The gas generator market is segmented by capacity, end-user, and geography. The market is segmented by capacity into less than 75 kVA, 75-375 kVA, and above 375 kVA. By end user, the market is segmented into industrial, commercial, and residential. The report also covers the market size and forecasts for the gas generator market across the major region. The market sizing and forecasts are based on each segment's revenue (USD).

Power Rating Less than 75 kVA
75-375 kVA
Above 375 kVA
End-User Industrial
Commercial
Residential
Geography (Regional Market Analysis {Market Size and Demand Forecast till 2028 (for regions only)}) North America United States
Canada
Rest of North America
Europe Germany
France
United Kingdom
Rest of Europe
Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
United Arab Emirates
South Africa
Rest of Middle-East and Africa
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Gas Powered Generator Market Research FAQs

What is the current Gas Generator Market size?

The Gas Generator Market is projected to register a CAGR of 4.95% during the forecast period (2025-2030)

Who are the key players in Gas Generator Market?

Generac Holdings Inc., Caterpillar Inc., General Electric Company, Cummins Inc. and Kohler Co. are the major companies operating in the Gas Generator Market.

Which is the fastest growing region in Gas Generator Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Gas Generator Market?

In 2025, the North America accounts for the largest market share in Gas Generator Market.

What years does this Gas Generator Market cover?

The report covers the Gas Generator Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Gas Generator Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Gas Genset Industry Report

Statistics for the 2025 Gas Generator market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Gas Generator analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.