Micro Turbine Market is expected to grow with a CAGR of around 10% during the forecast period from 2018 to 2023
Dec 6, 2018
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 - December 5, 2018 /MarketersMedia/ —
Market Scenario
Micro turbines are increasingly being used as a distributed energy generation source these days, owing to increasing demand of clean energy, aging grid infrastructure, and easy fuel availability. The focus on green energy generation along with producing heat for industrial & commercial or residential activities, along with increasing demand of cogeneration application is anticipated to shift trends towards micro turbines. With the growing environmental concerns for global warming, due to burning of fossil fuels, cogeneration application is expected to dominate the micro turbine market during the forecast period.
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Global micro turbine market is led by North America, owing to growing awareness of carbon footprint and increased consumption of energy in the region. The U.S. dominates the North America micro turbine market, mainly driven by increased demand for alternative energy sources, and rising number of coal and nuclear power plants to be decommissioned coupled with stringent environmental regulations. In North America, retiring power plants,
fluctuating weather situations, and unreliable grid operations are creating growth opportunities for micro turbines market. The region is expected to witness largest market share by 2023.
The market is expected to grow with a CAGR of around 10% during the forecast period.
Key Players
The key players of the global micro turbine market are Capstone Turbine Corporation (U.S.), FlexEnergy, Inc. (U.S.), Ansaldo Energia S.p.A (Italy), and Brayton Energy LLC. (U.S.), Eneftech Innovation SA (Switzerland), Microturbine Technology BV (the Netherlands), Wilson Solarpower Corporation (U.S.), ICR Turbine Engine Corporation (U.S.), Calnetix Technologies LLC (U.S.), Toyota Motor Corporation (Japan), and Bladon Jets (Isle of Man) among others.
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.
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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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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Source: MarketersMedia
Release ID: 455454
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