An inhalation component generating device includes: a power supply; a load group including a load configured to evaporate or atomize an inhalation component source by power from the power supply; an adjusting unit configured to adjust a value or waveform of voltage to be applied to the load; and a control circuit configured to be able to acquire a voltage value of the power supply. The control circuit performs: a process (a1) of acquiring a closed circuit voltage value of the power supply in a closed circuit state in which the power supply and the load group are electrically connected; and a process (a2) of controlling the adjusting unit based on the closed circuit voltage value.