In 2011, China's generator and generator set manufacturing industry continued to develop at a rapid pace. By the end of 2011, there were 704 large-scale generator and generator set manufacturing enterprises nationwide, achieving a total industrial output value of 301.472 billion yuan; total assets amounted to 315.831 billion yuan, a year-on-year increase of 27.07%; sales revenue reached 290.069 billion yuan, a year-on-year increase of 19.54%; total profit was 18.437 billion yuan, a year-on-year decrease of 10.06%.
Based on historical data from 2004 to 2011 for the generator and generator set manufacturing industry, the data characteristics were analyzed, and the industry's average annual growth rate was calculated to forecast the sales revenue and total profit of the generator and generator set manufacturing industry in 2012. It is expected that in 2012, the industry's sales revenue will exceed 400 billion yuan, and total profit will exceed 25 billion yuan.
With the continuous expansion of the industry market scale, competition in the generator and generator set manufacturing industry will further intensify. Outstanding domestic generator and generator set manufacturing enterprises are paying more attention to market research, especially in-depth research on industry buyers. Because of this, a large number of excellent domestic generator and generator set manufacturers have rapidly emerged, gradually becoming leaders in the generator and generator set manufacturing industry.
On February 28, 2023, the National Bureau of Statistics released the "Statistical Communiqué of the People's Republic of China on National Economic and Social Development in 2022," which preliminarily calculated that the output of generator sets in 2022 was 1837.61 million kilowatts, an increase of 15.0% over the previous year.
In 2023, the nationwide industrial added value above designated size increased by 4.6% year-on-year. By product, the output of generator sets (power generation equipment) increased by 28.5%.
On February 28, 2025, the National Bureau of Statistics released the "Statistical Communiqué of the People's Republic of China on National Economic and Social Development in 2024," showing that the output of generator sets (power generation equipment) in 2024 was 2,843.39 million kilowatts, an increase of 16.0% over the previous year.