Micro Turbine Market Racing to Perceive Radical Growth | Global Industry Regulations and Competitive landscape Outlook to 2023

“The market is expected to grow with a CAGR of around 10% during the forecast period”
microturbine market has been segmented on the basis of application, end use, power rating, and lastly region, Green Energy Generation being a necessity, the Global Micro Turbine Market expected to grow by 2023

Global Micro Turbine Market – Competitive Analysis

The market appears to be fragmented and fiercely competitive owing to the several large and small players having regional and global presence form a competitive landscape in the market.   brand reinforcement, innovation, and mergers & acquisitions remain the common trends for the leading players operating in the market.

The consolidation in the energy industry, worldwide in terms of supply chain which has always been strong and now, with the demand for broader offerings, it is obvious that bigger and more diversified companies can provide a more comprehensive product line. 

A micro turbine works in the same way as a typical jet engine works. Where a compressor draws-in air and passes it into a fuel combustion chamber where the fuel is ignited as it passes through a turbine, creating rotation.  Microturbines are increasingly being used as a distributed energy generation source owing to increasing demand for clean energy.

As a result, the Micro Turbine Market is growing pervasively. Besides, the aging grid infrastructure along with the focus on green energy generation is escalating the market on the global heights, increasing the demand for cogeneration application that is shifting towards microturbines.

Acknowledging the exponential traction, the market is garnering currently, Market Research Future (MRFR) in its recently published study report, mentions that the Global Micro Turbine Market will grow enormously by 2023 posting a double-digit CAGR over 10% during the forecast period (2017 to 2023).

In the past few years, with the growing environmental concerns and the spreading awareness towards the huge impact that fuel engines such as diesel engines are leaving on the environment, microturbines are increasingly garnering market prominence. Besides, the efforts to reduce greenhouse gas emissions and carbon footprint have led the giant strides in the developments of the microturbine.

Additional factors such as the need for reliable power supply at low operating cost and low fuel costs are driving the market growth. Moreover, the improving economy, favorable policies within developing markets, surging electricity charges, and a growing trend for flexible, power generation are some of the key factors acting as a tailwind, pushing up the market.

The augmenting demand for electricity due to the ever-increasing population, urbanization, and industrialization, worldwide alongside the dropping prices of natural gas are expected to drive the micro turbine market throughout the forecast period.

On the flip side, the price volatility and demand and supply gap of the natural gas led by the limited exploration of natural gas which is mostly focused in a few countries is affecting the market growth severely. Simultaneously, geopolitical conflicts on the pipelines and related infrastructural matters are expected to hamper the growth of the micro turbines market, leading to interruptions in the gas supply.

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Global Micro Turbine Market –Key Players:

Some of the leaders of the market include

  • FlexEnergy, Inc. (U.S.)
  • Capstone Turbine Corporation (U.S.)
  • Ansaldo Energia S.p.A (Italy)
  • Eneftech Innovation SA (Switzerland)
  • Brayton Energy LLC. (U.S.)
  • Microturbine Technology BV (the Netherlands)
  • ICR Turbine Engine Corporation (U.S.)
  • Wilson Solarpower Corporation (U.S.)
  • Bladon Jets (Isle of Man)
  • Calnetix Technologies LLC (U.S.)
  • Toyota Motor Corporation (Japan)

Global Micro Turbine Market –Segments

MRFR has segmented the analysis into four key dynamics for better understanding:

By Application          

  • Cogeneration,
  • Standby Power

By Power Rating      

  • 12 kW -50 kW
  • 50 kW-250 kW
  • 250 kW-500 kW

By End-use               

  • Industrial
  • Commercial
  • Residential

By Regions                

  • North America
  • Europe
  • APAC
  • Rest-of-the-World (RoW)

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

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Global Micro Turbine Market –Table of Contents

1 Executive Summary

2 Research Methodology

2.1 Scope of the Study

2.2 Research Process

2.3 Market size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

4 Global Shunt Capacitor Market, By Application

4.1 Introduction

4.2 Cogeneration

4.3 Standby Power

To be Continue ……………,

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