The invention discloses a generator set with a sound insulation type ventilation system. The generator set comprises a ventilation plate with grids, wherein ventilation holes and audio reflection molded sheets are distributed on the grids, the audio reflection molded sheets are in one-to-one correspondence with the ventilation holes, fixed on the outer sides of the ventilation holes and used for reflecting audio out of the ventilation holes, and ventilation channels are formed between the audio reflection molded sheets and the ventilation holes. According to the generator set, the audio reflection molded sheets are arranged outside the ventilation holes of the grids of a sound insulation cover, noise, transmitted from the interior, of the generator set are partially reflected, consumed andtransmitted back into the ventilation holes, so that the noise is reduced; and due to the molded sheets, the ventilation in the generator set is carried out without directly passing through the ventilation holes, and an inflection point is formed, so that the wind speed is reduced, the air flow noise is reduced, and finally the purpose of noise reduction is achieved; and the sound insulation effect can be well achieved, the noise can be reduced within the required standard on the existing basis, the ventilation effect of the generator set can be guaranteed, and meanwhile, the ventilation noise formed in the ventilation process can be reduced, the structure is simple, and the appearance of the whole set and the use are not influenced.