Micro Turbine Market by Type, by Mechanism, by Application, by Geography – Global Market Size, Share, Growth, Demand Forecast 2023
Global Micro Turbine Market Information Report by Application (Cogeneration, Standby Power), Power Rating (12 kW -50 kW, 50 kW-250 kW, 250 kW-500 kW), End-Use (Industrial, Commercial, Residential) and Region – Global Forecast To 2023
Pune, India – February 27, 2019 /MarketersMedia/ —
Global Micro Turbine Market
Microturbines are generally used for the power generation solution due to its compact size, light weight, and higher efficiency. The use of micro turbines results in the lower electricity cost which increases the demand for the end-use industry. Micro turbines are small combustion turbines with outputs ranging from 12 kW to 500 kW. The increase in the demand for the energy is expected to increase the growth of micro turbine market.
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Intended Audience
Micro Turbine Manufacturers
Public and Private Operators of Natural Gas Power Plants
Government as well as Independent Regulatory Authorities
Consultants and Investment Bankers
Distributer & Supplier Companies
End Users
Product Analysis
Product matrix which gives a detailed comparison of the market for different recycled product types
Additional Information
Regulatory Landscape
Pricing Analysis
Macroeconomic Indicators
Geographic Analysis
Geographical analysis across 15 countries
Company Information
Profiling of 10 key market players
In-depth analysis including SWOT analysis, and strategy information of related to report title
Competitive landscape including emerging trends adopted by major companies
The report for Global Micro Turbine Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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The global microturbine market has been segmented on the basis of application, end use, power rating, and lastly region. The application-based segmentation segments this market into cogeneration and standby power. Cogeneration is defined as the generation of electricity and useful heat jointly. Standby power is the power consumed by an appliance or device when the device is not in use but is ready to be put into use. Based on end use, the market has been segmented into commercial, industrial, and residential. By power rating, the market has been segmented into 12 KW-50kW, 50kW-250kW, and 250kW-500kW.
The regional segmentation of the global microturbine market segments the market into continents-based regional markets that are North America, Europe, Asia Pacific, and the rest of the world (RoW). The biggest regional market for microturbine is North America, due to growing awareness of carbon footprint and increased consumption of energy in the region. In this region, the biggest country-specific market in this region is the United States of America (USA). The market in the USA is growing due to increased demand for alternative energy sources and possibility of more coal and nuclear power plants to be decommissioned coupled with stringent environmental regulations. After the USA, Canada is the most important market in this region.
In Europe, due to investments in new technology and environmental restraints raised by the government, the industry is focusing on green energy, creating a market for microturbines. In this region, the most significant country-specific markets are France, Germany, and the United Kingdom (UK), followed by the rest of Europe. With industrialization and urbanization increasing in the Asia Pacific region, the market can be expected to grow during the forecast period as environmental concerns are being raised in this region too. The most industrialized and hence strongest country-based markets in this region are China, India, and Japan, followed by the rest of the Asia Pacific region.
Key Players
The key players in the global microturbine market include Ansaldo Energia S.P.A (Italy), Bladon Jets (Isle of Man), Brayton Energy LLC. (USA), Calnetix Technologies LLC (USA), Capstone Turbine Corporation (USA), Eneftech Innovation SA (Switzerland), FlexEnergy, Inc. (the USA), ICR Turbine Engine Corporation (USA), Microturbine Technology BV (the Netherlands), Toyota Motor Corporation (Japan), and Wilson Solarpower Corporation (USA).
Latest Industry News
The India launch of Vazirani Shul is at 26 SEP 2018. This electric hypercar from Vazirani Automotive features four electric motors that are powered by a battery pack, one on each wheel. As per requirement, a microturbine starts up and charges the battery pack on the go. 24 SEP 2018
Capstone Turbine Corporation, the world s leading clean technology manufacturer of microturbine energy systems, is set to expand into the combined heat and power (CHP) market with a project to provide thermal and electrical power at a private high school in Arizona. This project includes the installation of the natural gas-fueled microturbine. 17 SEP 2018
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