Dual-Fuel Generator Set - Global Top Players Market Share and Ranking 2025- YH Research

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Dual-Fuel Generator Set - Global Top Players Market Share and Ranking 2025

Publication Date: 2025-12-12
Report Id: 2862861
Industry: Energy & Power
Report Page: 114
Chart: 119

PDF Download

Publication Date: 2025-12-12
Report Id: 2862861
Industry: Energy & Power
Report Page: 114
Chart: 119

PDF Download

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Table of Contents
Description
Table of Figures
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1 Market Overview
1.1 Dual-Fuel Generator Set Definition
1.2 Global Dual-Fuel Generator Set Market Size and Forecast
1.2.1 By Consumption Value, Global Dual-Fuel Generator Set Market Size, 2020-2031
1.2.2 By Sales Quantity, Global Dual-Fuel Generator Set Market Size, 2020-2031
1.2.3 Global Dual-Fuel Generator Set Average Selling Price (ASP), 2020-2031
1.3 China Dual-Fuel Generator Set Market Size and Forecast
1.3.1 By Consumption Value, China Dual-Fuel Generator Set Market Size, 2020-2031
1.3.2 By Sales Quantity, China Dual-Fuel Generator Set Market Size, 2020-2031
1.3.3 China Dual-Fuel Generator Set Average Selling Price (ASP), 2020-2031
1.4 Share of China Dual-Fuel Generator Set Market with Respect to the Global Market
1.4.1 By Consumption Value, China Dual-Fuel Generator Set Market Share in Global, 2020-2031
1.4.2 By Sales Quantity, China Dual-Fuel Generator Set Market Share in Global, 2020-2031
1.4.3 Dual-Fuel Generator Set Market Size: China VS Global, 2020-2031
1.5 Dual-Fuel Generator Set Market Dynamics
1.5.1 Dual-Fuel Generator Set Market Drivers
1.5.2 Dual-Fuel Generator Set Market Restraints
1.5.3 Dual-Fuel Generator Set Industry Trends
1.5.4 Dual-Fuel Generator Set Industry Policy

2 Global Leading Manufacturers and Market Share
2.1 By Revenue of Dual-Fuel Generator Set, Global Market Share by Company, 2020-2025
2.2 By Sales Quantity of Dual-Fuel Generator Set, Global Market Share by Company, 2020-2025
2.3 Dual-Fuel Generator Set Average Selling Price (ASP) by Company, 2020-2025
2.4 Global Dual-Fuel Generator Set Participants, Market Position (Tier 1, Tier 2, and Tier 3)
2.5 Global Dual-Fuel Generator Set Concentration Ratio
2.6 Global Dual-Fuel Generator Set Mergers & Acquisitions, Expansion Plans
2.7 Global Dual-Fuel Generator Set Manufacturers Product Type
2.8 Head Office and Dual-Fuel Generator Set Production Site of Key Manufacturer
2.9 Dual-Fuel Generator Set Capacity of Major Manufacturers and Future Plan

3 China Leading Manufacturers and Market Share
3.1 By Revenue of Dual-Fuel Generator Set, China Market Share by Company, 2020-2025
3.2 By Sales Quantity of Dual-Fuel Generator Set, China Market Share by Company, 2020-2025
3.3 China Dual-Fuel Generator Set Dual-Fuel Generator Set Participants, Market Position (Tier 1, Tier 2, and Tier 3)

4 Global Producing Regions
4.1 Global Dual-Fuel Generator Set Capacity, Output and Capacity Utilization, 2020-2031
4.2 Global Dual-Fuel Generator Set Capacity by Region
4.3 Global Dual-Fuel Generator Set Production & Forecast by Region, 2020 VS 2024 VS 2031
4.4 Global Dual-Fuel Generator Set Production by Region, 2020-2031
4.5 Global Dual-Fuel Generator Set Production Market Share & Forecast by Region, 2020-2031

5 Industry Chain Analysis
5.1 Dual-Fuel Generator Set Industry Chain
5.2 Dual-Fuel Generator Set Upstream Analysis
5.2.1 Dual-Fuel Generator Set Core Raw Materials
5.2.2 Main Manufacturers of Dual-Fuel Generator Set Core Raw Materials
5.3 Midstream Analysis
5.4 Downstream Analysis
5.5 Dual-Fuel Generator Set Production Mode
5.6 Dual-Fuel Generator Set Procurement Model
5.7 Dual-Fuel Generator Set Industry Sales Model and Sales Channels
5.7.1 Dual-Fuel Generator Set Sales Model
5.7.2 Dual-Fuel Generator Set Typical Distributors

6 Sights by Type
6.1 Dual-Fuel Generator Set Classification by Type
6.1.1 Less than 200KW
6.1.2 200-1000KW
6.1.3 More than 1000KW
6.2 by Type, Global Dual-Fuel Generator Set Consumption Value & CAGR, 2020 VS 2024 VS 2031
6.3 by Type, Global Dual-Fuel Generator Set Consumption Value, 2020-2031
6.4 by Type, Global Dual-Fuel Generator Set Sales Quantity, 2020-2031
6.5 by Type, Global Dual-Fuel Generator Set Average Selling Price (ASP), 2020-2031

7 Sights by Fuel Combination
7.1 Dual-Fuel Generator Set Classification by Fuel Combination
7.1.1 Natural Gas-Diesel
7.1.2 Biogas-Diesel
7.1.3 LPG-Diesel
7.1.4 Others
7.2 by Fuel Combination, Global Dual-Fuel Generator Set Consumption Value & CAGR, 2020 VS 2024 VS 2031
7.3 by Fuel Combination, Global Dual-Fuel Generator Set Consumption Value, 2020-2031
7.4 by Fuel Combination, Global Dual-Fuel Generator Set Sales Quantity, 2020-2031
7.5 by Fuel Combination, Global Dual-Fuel Generator Set Average Selling Price (ASP), 2020-2031

8 Sights by Operating Mode
8.1 Dual-Fuel Generator Set Classification by Operating Mode
8.1.1 Parallel Operation Mode
8.1.2 Alternate Operation Mode
8.1.3 Automatic Switchover Mode
8.2 by Operating Mode, Global Dual-Fuel Generator Set Consumption Value & CAGR, 2020 VS 2024 VS 2031
8.3 by Operating Mode, Global Dual-Fuel Generator Set Consumption Value, 2020-2031
8.4 by Operating Mode, Global Dual-Fuel Generator Set Sales Quantity, 2020-2031
8.5 by Operating Mode, Global Dual-Fuel Generator Set Average Selling Price (ASP), 2020-2031

9 Sights by Application
9.1 Dual-Fuel Generator Set Segment by Application
9.1.1 Marine
9.1.2 Land-based Power Stations
9.1.3 Construction Machinery
9.1.4 Vehicle
9.1.5 Others
9.2 by Application, Global Dual-Fuel Generator Set Consumption Value & CAGR, 2020 VS 2024 VS 2031
9.3 by Application, Global Dual-Fuel Generator Set Consumption Value, 2020-2031
9.4 by Application, Global Dual-Fuel Generator Set Sales Quantity, 2020-2031
9.5 by Application, Global Dual-Fuel Generator Set Price, 2020-2031

10 Sales Sights by Region
10.1 By Region, Global Dual-Fuel Generator Set Consumption Value, 2020 VS 2024 VS 2031
10.2 By Region, Global Dual-Fuel Generator Set Consumption Value, 2020-2031
10.3 By Region, Global Dual-Fuel Generator Set Sales Quantity, 2020-2031
10.4 North America
10.4.1 North America Dual-Fuel Generator Set Market Size & Forecasts, 2020-2031
10.4.2 By Country, North America Dual-Fuel Generator Set Market Size Market Share
10.5 Europe
10.5.1 Europe Dual-Fuel Generator Set Market Size & Forecasts, 2020-2031
10.5.2 By Country, Europe Dual-Fuel Generator Set Market Size Market Share
10.6 Asia Pacific
10.6.1 Asia Pacific Dual-Fuel Generator Set Market Size & Forecasts, 2020-2031
10.6.2 By Country/Region, Asia Pacific Dual-Fuel Generator Set Market Size Market Share
10.7 South America
10.7.1 South America Dual-Fuel Generator Set Market Size & Forecasts, 2020-2031
10.7.2 By Country, South America Dual-Fuel Generator Set Market Size Market Share
10.8 Middle East & Africa

11 Sales Sights by Country Level
11.1 By Country, Global Dual-Fuel Generator Set Market Size & CAGR, 2020 VS 2024 VS 2031
11.2 By Country, Global Dual-Fuel Generator Set Consumption Value, 2020-2031
11.3 By Country, Global Dual-Fuel Generator Set Sales Quantity, 2020-2031
11.4 United States
11.4.1 United States Dual-Fuel Generator Set Market Size, 2020-2031
11.4.2 by Type, United States Dual-Fuel Generator Set Sales Quantity Market Share, 2024 VS 2031
11.4.3 by Application, United States Dual-Fuel Generator Set Sales Quantity Market Share, 2024 VS 2031
11.5 Europe
11.5.1 Europe Dual-Fuel Generator Set Market Size, 2020-2031
11.5.2 by Type, Europe Dual-Fuel Generator Set Sales Quantity Market Share, 2024 VS 2031
11.5.3 by Application, Europe Dual-Fuel Generator Set Sales Quantity Market Share, 2024 VS 2031
11.6 China
11.6.1 China Dual-Fuel Generator Set Market Size, 2020-2031
11.6.2 by Type, China Dual-Fuel Generator Set Sales Quantity Market Share, 2024 VS 2031
11.6.3 by Application, China Dual-Fuel Generator Set Sales Quantity Market Share, 2024 VS 2031
11.7 Japan
11.7.1 Japan Dual-Fuel Generator Set Market Size, 2020-2031
11.7.2 by Type, Japan Dual-Fuel Generator Set Sales Quantity Market Share, 2024 VS 2031
11.7.3 by Application, Japan Dual-Fuel Generator Set Sales Quantity Market Share, 2024 VS 2031
11.8 South Korea
11.8.1 South Korea Dual-Fuel Generator Set Market Size, 2020-2031
11.8.2 by Type, South Korea Dual-Fuel Generator Set Sales Quantity Market Share, 2024 VS 2031
11.8.3 by Application, South Korea Dual-Fuel Generator Set Sales Quantity Market Share, 2024 VS 2031
11.9 Southeast Asia
11.9.1 Southeast Asia Dual-Fuel Generator Set Market Size, 2020-2031
11.9.2 by Type, Southeast Asia Dual-Fuel Generator Set Sales Quantity Market Share, 2024 VS 2031
11.9.3 by Application, Southeast Asia Dual-Fuel Generator Set Sales Quantity Market Share, 2024 VS 2031
11.10 India
11.10.1 India Dual-Fuel Generator Set Market Size, 2020-2031
11.10.2 by Type, India Dual-Fuel Generator Set Sales Quantity Market Share, 2024 VS 2031
11.10.3 by Application, India Dual-Fuel Generator Set Sales Quantity Market Share, 2024 VS 2031
11.11 Middle East & Africa
11.11.1 Middle East & Africa Dual-Fuel Generator Set Market Size, 2020-2031
11.11.2 by Type, Middle East & Africa Dual-Fuel Generator Set Sales Quantity Market Share, 2024 VS 2031
11.11.3 by Application, Middle East & Africa Dual-Fuel Generator Set Sales Quantity Market Share, 2024 VS 2031

12 Manufacturers Profile
12.1 Wärtsilä
12.1.1 Wärtsilä Company Information, Head Office, Market Area, and Industry Position
12.1.2 Wärtsilä Dual-Fuel Generator Set Models, Specifications, and Application
12.1.3 Wärtsilä Dual-Fuel Generator Set Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.1.4 Wärtsilä Company Profile and Main Business
12.1.5 Wärtsilä Recent Developments
12.2 Caterpillar
12.2.1 Caterpillar Company Information, Head Office, Market Area, and Industry Position
12.2.2 Caterpillar Dual-Fuel Generator Set Models, Specifications, and Application
12.2.3 Caterpillar Dual-Fuel Generator Set Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.2.4 Caterpillar Company Profile and Main Business
12.2.5 Caterpillar Recent Developments
12.3 Cummins
12.3.1 Cummins Company Information, Head Office, Market Area, and Industry Position
12.3.2 Cummins Dual-Fuel Generator Set Models, Specifications, and Application
12.3.3 Cummins Dual-Fuel Generator Set Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.3.4 Cummins Company Profile and Main Business
12.3.5 Cummins Recent Developments
12.4 MAN Energy Solutions
12.4.1 MAN Energy Solutions Company Information, Head Office, Market Area, and Industry Position
12.4.2 MAN Energy Solutions Dual-Fuel Generator Set Models, Specifications, and Application
12.4.3 MAN Energy Solutions Dual-Fuel Generator Set Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.4.4 MAN Energy Solutions Company Profile and Main Business
12.4.5 MAN Energy Solutions Recent Developments
12.5 Rolls-Royce
12.5.1 Rolls-Royce Company Information, Head Office, Market Area, and Industry Position
12.5.2 Rolls-Royce Dual-Fuel Generator Set Models, Specifications, and Application
12.5.3 Rolls-Royce Dual-Fuel Generator Set Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.5.4 Rolls-Royce Company Profile and Main Business
12.5.5 Rolls-Royce Recent Developments
12.6 Mitsui E&S
12.6.1 Mitsui E&S Company Information, Head Office, Market Area, and Industry Position
12.6.2 Mitsui E&S Dual-Fuel Generator Set Models, Specifications, and Application
12.6.3 Mitsui E&S Dual-Fuel Generator Set Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.6.4 Mitsui E&S Company Profile and Main Business
12.6.5 Mitsui E&S Recent Developments
12.7 General Electric
12.7.1 General Electric Company Information, Head Office, Market Area, and Industry Position
12.7.2 General Electric Dual-Fuel Generator Set Models, Specifications, and Application
12.7.3 General Electric Dual-Fuel Generator Set Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.7.4 General Electric Company Profile and Main Business
12.7.5 General Electric Recent Developments
12.8 Weichai Heavy Machinery
12.8.1 Weichai Heavy Machinery Company Information, Head Office, Market Area, and Industry Position
12.8.2 Weichai Heavy Machinery Dual-Fuel Generator Set Models, Specifications, and Application
12.8.3 Weichai Heavy Machinery Dual-Fuel Generator Set Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.8.4 Weichai Heavy Machinery Company Profile and Main Business
12.8.5 Weichai Heavy Machinery Recent Developments
12.9 Soar Power Group
12.9.1 Soar Power Group Company Information, Head Office, Market Area, and Industry Position
12.9.2 Soar Power Group Dual-Fuel Generator Set Models, Specifications, and Application
12.9.3 Soar Power Group Dual-Fuel Generator Set Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.9.4 Soar Power Group Company Profile and Main Business
12.9.5 Soar Power Group Recent Developments
12.10 Ningbo C.S.I. Power & Machinery Group
12.10.1 Ningbo C.S.I. Power & Machinery Group Company Information, Head Office, Market Area, and Industry Position
12.10.2 Ningbo C.S.I. Power & Machinery Group Dual-Fuel Generator Set Models, Specifications, and Application
12.10.3 Ningbo C.S.I. Power & Machinery Group Dual-Fuel Generator Set Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.10.4 Ningbo C.S.I. Power & Machinery Group Company Profile and Main Business
12.10.5 Ningbo C.S.I. Power & Machinery Group Recent Developments
12.11 Wuxi Powermax Renewable Energy Technology
12.11.1 Wuxi Powermax Renewable Energy Technology Company Information, Head Office, Market Area, and Industry Position
12.11.2 Wuxi Powermax Renewable Energy Technology Dual-Fuel Generator Set Models, Specifications, and Application
12.11.3 Wuxi Powermax Renewable Energy Technology Dual-Fuel Generator Set Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.11.4 Wuxi Powermax Renewable Energy Technology Company Profile and Main Business
12.11.5 Wuxi Powermax Renewable Energy Technology Recent Developments
12.12 Weifang Huakun Diesel Engine
12.12.1 Weifang Huakun Diesel Engine Company Information, Head Office, Market Area, and Industry Position
12.12.2 Weifang Huakun Diesel Engine Dual-Fuel Generator Set Models, Specifications, and Application
12.12.3 Weifang Huakun Diesel Engine Dual-Fuel Generator Set Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.12.4 Weifang Huakun Diesel Engine Company Profile and Main Business
12.12.5 Weifang Huakun Diesel Engine Recent Developments
12.13 Zicai
12.13.1 Zicai Company Information, Head Office, Market Area, and Industry Position
12.13.2 Zicai Dual-Fuel Generator Set Models, Specifications, and Application
12.13.3 Zicai Dual-Fuel Generator Set Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.13.4 Zicai Company Profile and Main Business
12.13.5 Zicai Recent Developments

13 Conclusion

14 Appendix
14.1 Research Methodology
14.2 Data Source
14.2.1 Secondary Sources
14.2.2 Primary Sources
14.3 Market Estimation Model
14.4 Disclaimer

According to YH Research, the global market for Dual-Fuel Generator Set should grow from US$ 3711 million in 2024 to US$ 5196 million by 2031, with a CAGR of 4.9% for the period of 2025-2031.

The strategic recalibration of 2025 U.S. tariff mechanisms is redefining global economic governance norms. This study deciphers the transmission mechanisms of tariff escalation pathways and global policy responses on corporate investment strategies, regional trade networks, and critical material supply architectures.

Dual-Fuel Generator Set

According to YH Research, the global market for Dual-Fuel Generator Set should grow from US$ 3711 million in 2024 to US$ 5196 million by 2031, with a CAGR of 4.9% for the period of 2025-2031.

Unit: US$ M

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In-depth insight into market trends

In 2024, global production of dual-fuel generator sets reached 55,400 units, with an average selling price of US$65,000 per unit. Production capacity in 2024 was 58,300 units, with an average gross profit margin of approximately 20-30%. Dual-fuel generator sets are generator sets capable of using a mixture or separate combustion of two different fuels (usually oil and gas). This design allows for flexible fuel switching under varying load conditions, improving efficiency, reducing costs, and minimizing emissions.

The upstream of dual-fuel generator sets mainly includes core power components and control systems (electronic control units, sensors, valves), as well as auxiliary materials (steel structural components, cooling systems, wiring harnesses). Downstream applications are highly concentrated in sectors with comprehensive requirements for power supply reliability, economy, and environmental friendliness, including: backup power for data centers, hospitals, and large commercial facilities; off-grid or primary power supply for oil and gas fields and mines; baseload or peak-shaving power in areas with weak power infrastructure; and power supply for specific sectors such as port shore power, distributed energy projects, and power supply for major events.

The Dual-Fuel Generator Set market is experiencing structural growth driven by energy security, economics, and environmental regulations. In 2024, the market maintained steady expansion against the backdrop of the global energy transition, with core drivers including strong demand for highly reliable backup power from critical infrastructure such as data centers and 5G base stations, and the reliance of oil and gas fields and off-grid mining areas on low-cost, continuously operating power sources. Regionally, North America and the Middle East benefit from abundant natural gas resources and mature infrastructure, resulting in stable demand; the Asia-Pacific region, driven by power shortages and industrialization, is the fastest-growing market. Technologically, intelligent electronic control systems with high substitution rates and rapid switching capabilities are the focus of competition, with mainstream manufacturers evolving towards higher integration and digital operation and maintenance. However, the market also faces challenges such as rising core engine costs due to supply chain fluctuations, long-term competition from pure electric and hydrogen energy solutions, and gas supply instability in some regions. The global market presents a pattern of "high-end customized products with substantial profits, and fierce competition in the mid-to-low-end standardized market."
This report studies and analyses global Dual-Fuel Generator Set status and future trends, helps the client to determine the Dual-Fuel Generator Set market size of the total market opportunity by Type, by Application, by company, and by region & country. This report is a detailed and comprehensive analysis of the world market for Dual-Fuel Generator Set, and provides market size (in Units & US$ million) and Year-over-Year growth, considering 2024 as the base year.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

To assess the competitive environment within the market including supplier revenue, market share, and company profiles.

Highlights
(1) Global Dual-Fuel Generator Set market size, history data 2020-2025, and forecast data 2026-2031, (US$ million) & (Units)
(2) Global Dual-Fuel Generator Set sales, revenue, price by company, market share and industry ranking 2020-2025, (US$ million) & (Units)
(3) China Dual-Fuel Generator Set sales, revenue, price by company, market share and industry ranking 2020-2025, (US$ million) & (Units)
(4) Global Dual-Fuel Generator Set key consuming regions, consumption quantity, consumption value and demand structure
(5) Global Dual-Fuel Generator Set key producing regions, capacity, production, and year over year growth
(6) Dual-Fuel Generator Set industry chains, upstream, midstream and downstream
Market segment by players, this report covers
    Wärtsilä
    Caterpillar
    Cummins
    MAN Energy Solutions
    Rolls-Royce
    Mitsui E&S
    General Electric
    Weichai Heavy Machinery
    Soar Power Group
    Ningbo C.S.I. Power & Machinery Group
    Wuxi Powermax Renewable Energy Technology
    Weifang Huakun Diesel Engine
    Zicai

Market segment by Type, covers
    Less than 200KW
    200-1000KW
    More than 1000KW

Market segment by Fuel Combination, covers
    Natural Gas-Diesel
    Biogas-Diesel
    LPG-Diesel
    Others

Market segment by Operating Mode, covers
    Parallel Operation Mode
    Alternate Operation Mode
    Automatic Switchover Mode

Market segment by Application, can be divided into
    Marine
    Land-based Power Stations
    Construction Machinery
    Vehicle
    Others

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia, and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa
Report Includes:
Chapter 1: to describe Dual-Fuel Generator Set product scope, global sales quantity, value and average price, China sales quantity, value and average price, development opportunities, challenges, trends, and policies.
Chapter 2: Global Dual-Fuel Generator Set market share and ranking of major manufacturers, sales quantity, revenue, average price, 2020-2025
Chapter 3: China Dual-Fuel Generator Set market share and ranking of major manufacturers, sales quantity, revenue, average price, 2020-2025
Chapter 4: Global key producing regions of Dual-Fuel Generator Set, percent & CAGR, 2020-2031
Chapter 5: Dual-Fuel Generator Set industry chain, upstream, medium-stream, and downstream.
Chapter 6: Segment by Type, sales quantity, average price, consumption value, percent & CAGR, 2020-2031
Chapter 7: Segment by Application, sales quantity, average price, consumption value, percent & CAGR, 2020-2031
Chapter 8: Segment in regional level, sales quantity, average price, consumption value, percent & CAGR, 2020-2031
Chapter 9: Segment in country level, sales quantity, average price, consumption value, percent & CAGR, 2020-2031
Chapter 10: Company profile, introducing the basic situation of the main companies in the market in detail, including product specifications, application, recent development, sales quantity, average price, revenue, gross margin.