The gas generator sets market has experienced growth, rising from $8.94 billion in 2024 to $9.36 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.7%. This increase is driven by growing concerns over energy security and the need for grid resilience, alongside the expansion of industrial and commercial infrastructure. Additionally, higher natural gas production and availability, coupled with the demand for continuous power supply in critical sectors, are contributing to the market’s expansion.
Looking ahead, the market is expected to reach $11.41 billion by 2029, growing at a CAGR of 5.1%. This growth will be propelled by the integration of gas generator sets into hybrid and microgrid systems, as well as the increasing demand for combined heat and power (CHP) systems aimed at improving energy efficiency. The shift towards low-emission and renewable natural gas sources, the customization of generator sets for specific industrial uses, and a greater focus on decentralized power generation and distributed energy resources are all expected to play a significant role in driving market growth.
