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

The Europe Generator Sets Market is segmented by Fuel (Diesel, Gas, and Others), Ratings (Below 75 kVA, 75-350 kVA, and Above 350 kVA), End User (Residential, Commercial, and Industrial), and Geography (Germany, Russia, United Kingdom, and Rest of Europe)

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

Europe Generator Sets Market Size

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Europe Generator Sets Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 1.00 %
Market Concentration Low

Major Players

Europe Generator Sets Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe Generator Sets Market Analysis

The Europe Generator Sets Market is expected to register a CAGR of 1% during the forecast period.

  • Over the medium period, factors such as demand for uninterrupted and reliable power supply, backup requirements during power outages, and the longer timeframe required to set up the transmission and distribution infrastructure are expected to drive the generator sets market.
  • On the other hand, the higher cost of electricity produced by the generator sets relative to the utility grid is expected to restrain the market.
  • Nevertheless, the rising popularity of hybrid generators and the rising reliability of the hybrid system may be an opportunity for the industry due to its usage of various resources, driving down the cost and reducing dependence on a single fuel.
  • The United Kingdom is expected to be a significant market in the forecast period, with most of the demand coming from the industrial sector and rise in commercial office spaces and small-scale enterprises.

Europe Generator Sets Industry Overview

The Europe generator sets market is fragmented. Some of the key players in this market include (in no particular order) Caterpillar Inc, Mitsubishi Heavy Industries Ltd., Cummins Inc., Yanmar Holdings co. Ltd, and Atlas Copco AB.

Europe Generator Sets Market Leaders

  1. Caterpillar Inc.

  2. Mitsubishi Heavy Industries Ltd.

  3. Cummins Inc

  4. Yanmar Holdings Co. Ltd.

  5. Atlas Copco AB

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

  • In February 2023, Volvo Penta expanded its industrial genset product line with a new 200 kVA D8 Stage II engine. The 8-liter power-generating engine provides excellent fuel efficiency, a compact size, and low noise levels.
  • In October 2022, Himoinsa, a provider of power technology solutions, showcased its whole Mobile Power product line at Bauma 2022 in Munich, including battery power storage systems, light towers, and gas and diesel generator sets with Stage V engines. The company launched the EHR | Battery Power Generator (60 kWh) and works on 500 kWh and 1 MW units in 20-foot containers and 2 MW units in 40-foot containers.

Europe Generator Sets Market Report - Table of Contents

1. INTRODUCTION

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

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast, in USD Billion, till 2028
  • 4.3 Electricity Production and Consumption and Forecast, in TWh, till 2028
  • 4.4 Recent Trends and Developments
  • 4.5 Government Policies and Regulations
  • 4.6 Market Dynamics
    • 4.6.1 Drivers
    • 4.6.1.1 Demand for Uninterrupted and Reliable Power Supply
    • 4.6.1.2 The Longer Timeframe Required to Set Up the Transmission and Distribution Infrastructure
    • 4.6.2 Restraints
    • 4.6.2.1 The Higher Cost of Electricity Produced By the Generator Sets
  • 4.7 Supply Chain Analysis
  • 4.8 Porter's Five Forces Analysis
    • 4.8.1 Bargaining Power of Suppliers
    • 4.8.2 Bargaining Power of Consumers
    • 4.8.3 Threat of New Entrants
    • 4.8.4 Threat of Substitutes Products and Services
    • 4.8.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Fuel
    • 5.1.1 Diesel
    • 5.1.2 Gas
    • 5.1.3 Others
  • 5.2 Ratings
    • 5.2.1 Below 75 kVA
    • 5.2.2 75 - 350 kVA
    • 5.2.3 Above 350 kVA
  • 5.3 End-User
    • 5.3.1 Residential
    • 5.3.2 Commercial
    • 5.3.3 Industrial
  • 5.4 Geography
    • 5.4.1 Germany
    • 5.4.2 Russia
    • 5.4.3 United Kingdom
    • 5.4.4 Rest of Europe

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 Cummins Inc.
    • 6.3.2 Kirloskar Oil Engines Limited
    • 6.3.3 Aggreko plc
    • 6.3.4 Kohler Co.
    • 6.3.5 Yanmar Holdings co. Ltd.
    • 6.3.6 Caterpillar Inc.
    • 6.3.7 Mitsubishi Heavy Industries, Ltd.
    • 6.3.8 Perkins Engines Company Limited
    • 6.3.9 Honda Siel Power Products Limited
    • 6.3.10 Atlas Copco AB
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 The Rising Popularity of Hybrid Generators and the Rising Reliability of the Hybrid System
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Europe Generator Sets Industry Segmentation

An engine generator is a device that combines an electrical generator and an engine into a single piece of equipment. This combination is also known as an engine-generator set (gen-set). The machine is often taken for granted, and the combined device is called a generator. 

The Europe generator sets market is segmented by fuel, ratings, end user, and geography. By fuel, the market is segmented into diesel, gas, and others. By ratings, the market is segmented into below 75 kVA, 75-350 kVA, and above 350 kVA. By end-user, the market is segmented into residential, commercial, and industrial. The report also covers the market size and forecasts for the Europe generator sets market across major countries. For each segment, the market sizing and forecasts have been done based on revenue (USD billion).

Fuel Diesel
Gas
Others
Ratings Below 75 kVA
75 - 350 kVA
Above 350 kVA
End-User Residential
Commercial
Industrial
Geography Germany
Russia
United Kingdom
Rest of Europe
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Europe Generator Sets Market Research FAQs

What is the current Europe Generator Sets Market size?

The Europe Generator Sets Market is projected to register a CAGR of 1% during the forecast period (2025-2030)

Who are the key players in Europe Generator Sets Market?

Caterpillar Inc., Mitsubishi Heavy Industries Ltd., Cummins Inc, Yanmar Holdings Co. Ltd. and Atlas Copco AB are the major companies operating in the Europe Generator Sets Market.

What years does this Europe Generator Sets Market cover?

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

Europe Generator Sets Industry Report

The Europe Generator Sets Market is segmented by fuel types including diesel, gas, and others, as well as by ratings such as below 75 kVA, 75-350 kVA, and above 350 kVA. The market also categorizes end users into residential, commercial, and industrial sectors, and covers geographical areas like Germany, Russia, the United Kingdom, and the rest of Europe. The industry report provides a comprehensive industry analysis, highlighting the market share, market size, and market forecast. It includes an industry overview and market trends, focusing on market growth and market leaders.

The market report offers detailed industry information and industry outlook, supported by industry statistics and industry research. The market analysis delves into market segmentation and market value, providing insights into market predictions and market review. The report also includes a report example and a report PDF for further reference.

This market research is crucial for understanding the generator set market size and the market size generator set trends. The industry reports cover various aspects such as industry sales, industry size, and industry trends. The market data provided in the report is essential for identifying market growth and market outlook. Industry research companies contribute to the market forecast and market overview, ensuring a thorough understanding of the market dynamics.