Stationary Generator Market to Reach USD 35.41 Billion by 2029; Escalating Electricity Demand to Fuel Market Growth

The global stationary generator market size is anticipated to reach USD 35.41 billion by 2029. Fortune Business Insights^TM, in its report titled, “Stationary Generator Market Size, Share & COVID-19 Impact Analysis, By Fuel Type (Diesel, Gas, and Others), Power Rating (Below 75kVA, 75-375kVA, 375-750kVA, and Above 750kVA), By Application (Continuous Load, Peak Load, and Standby Load), By End-User (Mining, Oil & Gas, Construction, Residential, Marine, Manufacturing, Pharmaceuticals, Commercial, Telecom, Electric Utility, Data Centers, and Others), and Regional Forecast, 2022-2029”, observes that the market size stood at USD 21.53 billion in 2021 and USD 23.04 billion in 2022, and is expected to exhibit a CAGR of 6.3% between 2022 and 2029. The globally escalating electricity demand due to soaring urbanization and population growth is expected to be the key factors driving the market’s growth.

The coronavirus spread across almost every industry, including mining, construction, oil & gas, and others, and resulted in a declined demand and production of stationary generators. The shutdowns of manufacturing facilities and halted production processes have affected the market’s growth. A dip in investments further aggravated the scenario. Nonetheless, the market is recovering with resuming operations of various industries.

Aggreko Being Named Official Modular Energy Solutions Supporter for Birmingham 2022 Commonwealth Games to Incite Development

In August 2021, Birmingham 2022 Commonwealth Games appointed Aggreko as the Official Modular Energy Solutions Supporter. The partnership is aimed to foster STEM across the local community throughout and after the Games. The Games will witness approximately 4,500 athletes from 73 nations competing in 19 sports at 14 locations. The partnership will amplify the horizons of sustainability.

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Escalating Electricity Demand to Fuel Market Growth

Stationary generators help avoid frequent power outages and offer an uninterrupted power supply. The development of industrial, commercial, transportation, and infrastructure sectors is fueled by the increasing developments in technology and rising consumer goods exchange. The globally increasing demand for electricity due to consistent population growth, industrialization, and urbanization, uptick the demand for these generators and are expected to expand the global stationary generator market growth.

Key Players Embrace Innovative Strategies to Acquire Growth

The major market players emphasize high investments in technology and innovation. The marketplace features healthy competition with key players emphasizing new product launches, research and development, innovation, technological developments, partnerships, mergers, collaborations, and others to amplify their growth in the market. For instance, in March 2021, Briggs & Stratton unveiled its plans for doubling stationary generator production to cater to record power outages that occurred in the U.S.

Industry Development-

• March 2021 – Wauwatosa-based Briggs & Stratton announced that it would more than double its production of standby generators following record power outage events nationwide and other trends prompted by the pandemic. Briggs Stratton expanded standby generator production to its facilities in Auburn, Alabama, the home of its engine plant as well as the company’s 400,000-square-foot distribution hub.

List of Key Market Players-

• Caterpillar Inc. (U.S.)


• Himoinsa (Spain)


• Cummins Inc. (U.S.)


• FG Wilson (U.K.)


• Briggs & Stratton (U.S.)


• Generac Power Systems (U.S.)


• Aggreko (U.K.)


• Ingersoll Rand (Ireland)


• PRAMAC (Italy)


• John Deere (U.S.)


• Kirloskar Electric Co. Ltd (India)


• Kohler-SDMO (France)


• American Honda Motor Company, Inc. (U.S.)


• Yamaha Motor Corporation, USA (U.S.)

Further Report Findings-

• Asia Pacific is projected to bestride the global stationary generator market share. The high investments toward infrastructural development in developing nations are expected to favor the growth of the market.


• The exponentially expanding population and energy demand of the region are projected to bolster the market growth of stationary generator in Asia Pacific. China and India are estimated to lead the region’s market growth.


• According to the segmentation based on fuel type, the diesel segment is projected to gain the highest growth in the market.

Table of Segmentation-