Commercial Gensets Market Size

Commercial Gensets Market size was USD 14.7 billion in 2024 and is estimated to reach USD 38.9 billion by the end of 2037, expanding at a CAGR of 7.8% during the forecast period, i.e., 2025-2037. In 2025, the industry size of commercial gensets is evaluated at USD 15.8 billion.

The report by the World Integrated Trade Solution (WITS) reveals that Mexico is the world’s largest exporter of generators and alternators. In 2023, around 13,165,500 generators and alternators were exported by Mexico to the world. The Observatory for Economic Complexity analysis estimates that the world trade for generators & alternators surpassed USD 5.5 billion in 2022 and held 1103^rd rank in the product complexity index. In the same year, Mexico totaled USD 862 million in generator and alternator exports. These statistics highlight that the increasing trade of gensets also called generators is set to maximize the revenue growth of key players in the coming years.

The rapidly increasing urban and industrial activities across the world are propelling the high demand for commercial gensets. Mining, manufacturing, chemical production, and heavy equipment operations are power-intensive, and any electricity disturbance can affect the overall production cycle. Thus, to combat such situations, companies are widely investing in advanced and reliable gensets.

The growth in infrastructure projects in developing countries and infrastructural upgrades in developed economies are also fueling the use of commercial gensets. The robust urban infrastructures such as healthcare facilities, data centers, schools, and other public and private organizations are making strong use of commercial gensets to ensure power backup. For instance, the International Energy Agency (IEA) revealed that in 2022, the data centers and data transmission networks account for 1 t0 1.5% of the global electricity use.