Published Date : 2025-Apr-23
Based on the latest industry insights and leading market reports for 2025, here’s a comprehensive blog on the Top Companies Dominating the Global Industrial Generator Market.
The industrial generator market is pivotal in supporting energy infrastructure across data centers, manufacturing, hospitals, mining, and oil & gas sectors.
The market is expected to reach a value of $35.64 Billion by 2031, at a CAGR of 7.3 % over the forecast period (2024–2031).
Headquarters: Deerfield, Illinois, USA
Founded: 1925
Employees: Approx. 110,000
Revenue 2024: Approx. $67 billion
Regional Strength: North America, Asia-Pacific, Europe
Overview: A global leader in diesel and gas generators, Caterpillar's industrial gen sets are trusted in large-scale infrastructure and energy sectors.
Headquarters: Columbus, Indiana, USA
Founded: 1919
Employees: Approx. 73,000
Revenue 2024: Approx. $36 billion
Regional Strength: Global presence with strong markets in India and North America
Overview: Known for its Power Systems segment, Cummins manufactures high-performance diesel and natural gas generators.
Headquarters: Waukesha, Wisconsin, USA
Founded: 1959
Employees: Approx. 9,500
Revenue 2024: Approx. $4.5 billion
Regional Strength: North America, expanding in Europe
Overview: Specializes in residential, commercial, and industrial backup power solutions, with increasing focus on smart energy products.
Headquarters: Kohler, Wisconsin, USA
Founded: 1873
Employees: Approx. 36,000 (entire company)
Revenue 2024: Approx. $2.5 billion (Power Division est.)
Regional Strength: USA, Europe, Asia
Overview: Offers diesel and gas-powered generators for industrial and critical infrastructure.
Headquarters: Tokyo, Japan
Founded: 1884
Employees: Approx. 78,000
Revenue 2024: Approx. $40 billion (Energy Division: Approx. $4B est.)
Regional Strength: Asia-Pacific, Middle East
Overview: Produces large-scale industrial generators, especially for power plants and maritime applications.
Headquarters: Friedrichshafen, Germany
Founded: 1909
Employees: Approx. 10,000
Revenue 2024: Approx. $4.3 billion
Regional Strength: Europe, Asia
Overview: Provides high-speed diesel engines and generator sets under the MTU brand for industrial and defense use.
Headquarters: Nacka, Sweden
Founded: 1873
Employees: Approx. 49,000
Revenue 2024: Approx. $13 billion
Regional Strength: Europe, Africa, South America
Overview: Offers mobile and stationary generators, widely used in construction and mining operations.
Headquarters: Statesville, North Carolina, USA (Doosan Group HQ in Seoul, South Korea)
Founded: 1896 (Doosan)
Employees: Approx. 37,000 (Doosan Group)
Revenue 2024: Approx. $2 billion (Power segment est.)
Regional Strength: USA, Southeast Asia
Overview: Supplies mobile diesel generators for industrial and rental sectors.
Headquarters: Milwaukee, Wisconsin, USA
Founded: 1908
Employees: Approx. 3,000
Revenue 2024: Approx. $1.2 billion
Regional Strength: North America
Overview: Key player in standby and portable generators, especially in the light-industrial segment.
Headquarters: Murcia, Spain
Founded: 1982
Employees: Approx. 1,000
Revenue 2024: Approx. $500 million (est.)
Regional Strength: Europe, Latin America
Overview: Produces customized power generation systems and hybrid solutions.
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