Micro Turbines Market – Global Industry Analysis and Forecast (2022-2027)

Micro Turbines Market size is expected to reach USD 394.41 Mn by 2027, at a CAGR of 9.44% during the forecast period. Micro Turbines To know about the Research Methodology :- Request Free Sample Report LPG/propane, natural gas, biogas, related gas, and liquid fuels like diesel, kerosene, and aviation fuel can all be used in microturbines. When used in resource recovery applications, they can also burn waste gases that would otherwise be flared or released into the atmosphere.

Micro Turbines Market Dynamics:

Growing demand for energy to drive Micro Turbines market Thanks to urban development and growing per capita income, energy demand is increasing at a rapid pace. Microturbines have become common as a result of the government's strict policies on carbon emissions and increasing electricity demand. The microturbine market is being driven by a shifting trend towards green and clean renewable energy sources, as well as consumer changing perception towards greenhouse houses gas emissions, which has increased the adoption of CHP. As packaged CHP systems become more popular and more commercial facilities with energy loads conductive to microturbine outputs become more familiar with the technology, the demand for microturbines is expected to grow over the coming years. Other factors that have boosted the growth of the microturbine market include the installation of new power plants and increased investment in power plants. Microturbines have a significant advantage, including a lower lifetime cost of ownership, easier maintenance, better heat quality and higher temperatures than reciprocating engines, and flexible or versatile fuel technology. These advantages, combined with the growing use of CCHP and CHP, have fueled the microturbine market. Microturbines are superior to reciprocating engines, so manufacturers are more focusing on the development of multi-fuels for generations which gives made them a competitive edge. As packaged CHP systems become more popular and more commercial facilities with energy loads conductive to microturbine outputs become more familiar with the technology, the demand for microturbines is expected to grow over the coming years. However, falling oil and gas prices, on the other hand, may restrict the market growth. The report has profiled fifteen key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analysis and report has come up with recommendations for a future hot spot in the North America. Major country’s policies about manufacturing and their impact on Micro Turbines demand are covered in the report.

Micro Turbines Market Segment Analysis

Micro Turbines The commercial segment is expected grow at a CAGR of xx% during the forecast period. Based on the End-User, in 2021, the commercial segment holds the largest market share of 9.44% in 2021 and it is estimated to reach USD 394.41 Mn by 2027. The growth of urban areas and the creation of commercial trade centers are driving this segment. The commercial sector's opportunities result in a rise in the number of shopping centers, sports complexes, resorts, and hotels. The growth of the digital economy and the IT and telecommunications industries has increased the construction of office complexes that require continuous power. North America to witness high market growth rate and is expected to grow at a CAGR of 9.44% by 2027 North America is expected to hold the largest share of the global micro turbines market, while Asia Pacific is expected to rise at the fastest CAGR of 9.44%. In 2021, the United States held the majority of the market share in North America, while Canada is expected to rise at the fastest rate from 2022 to 2027. In this region, aging power plants and frequent natural disasters have produced huge growth opportunities for the microturbine industry. The shale gas boom in North America and nuclear plant decommissioning in Europe are driving up demand for microturbines in these regions. The objective of the report is to present a comprehensive analysis of the global Micro Turbines market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Micro Turbines market dynamics, structure by analyzing the market segments and project the global Micro Turbines market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Micro Turbines market make the report investor’s guide.

Recent Development:

• In October 2017, Aurelia partnered with Greenray Energy Solutions to develop business for its A400 gas turbine in the UK, Asia, and the Middle East. • In September 2017, Capstone Turbine’s energy financing joint venture, Capstone Energy Finance, executed a 5-year agreement with a large greenhouse operation in Colorado, US. The firm would be installing multiple propane-fired C65 micro turbines to provide electricity for the Colorado greenhouse. • Capstone Turbine Corp., based in Chatsworth, California, is a leader in microturbine technology. The company has units installed at locations in the North Pole, South Pole, and in Siberia, and over the past year announced deals for projects in China, Australia, Mexico, the Netherlands, Kazakhstan, and other far-flung destinations.

Micro Turbines Market Scope: Inquire before buying

Global Micro Turbines Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: USD 229.56 Mn.
Forecast Period 2022 to 2027 CAGR: 9.44% Market Size in 2027: USD 394.41 Mn.
Segments Covered: by Power Rating • 12 kW–50 kW • 50 kW–250 kW • 250 kW–500 kW
by end-user industry • Industrial • Commercial • Residential Services
by Application • Combined Heat and Power (CHP) • Standby Power

Micro Turbines Market, by Region

• North America • Europe • Middle East & Africa • Asia Pacific • South America

Micro Turbines Market Key Players

Capstone Turbine • Ansaldo Energia • Toyota Turbine and Systems • Bowman • Bladon Jets • Brayton Energy • Hitachi Power Systems • FlexEnergy • Eneftech Innovation • Aurelia • ICRTec • MIT • Turbo Tech • 247Solar • Microturbine Technology BV • Calnetix Technologies LLC. • NewEnCo. • Wilson Solarpower Corporation • UAV Turbines • Dresser-Rand Frequently Asked Questions: 1. Which region has the largest share in Global Micro Turbines Market? Ans: North America region held the highest share in 2021. 2. What is the growth rate of Global Micro Turbines Market? Ans: The Global Micro Turbines Market is expected to grow at a CAGR of 9.44% during forecast period 2022-2027. 3. What is scope of the Global Micro Turbines market report? Ans: Global Micro Turbines Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Micro Turbines market? Ans: The important key players in the Global Micro Turbines Market are – Capstone Turbine, Ansaldo Energia, Toyota Turbine and Systems, Bowman, Bladon Jets, Brayton Energy, Hitachi Power Systems, FlexEnergy, Eneftech Innovation, Aurelia, ICRTec, MIT, Turbo Tech, 247Solar, Microturbine Technology BV, Calnetix Technologies LLC., NewEnCo., Wilson Solarpower Corporation, UAV Turbines, and Dresser-Rand. 5. What is the study period of this market? Ans: The Global Micro Turbines is studied from 2021 to 2027.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Micro Turbines Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2021 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Micro Turbines Market 3.4. Geographical Snapshot of the Micro Turbines Market, By Manufacturer share 4. Global Micro Turbines Market Overview, 2021-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Micro Turbines Market 5. Supply Side and Demand Side Indicators 6. Global Micro Turbines Market Analysis and Forecast, 2021-2027 6.1. Global Micro Turbines Market Size & Y-o-Y Growth Analysis. 7. Global Micro Turbines Market Analysis and Forecasts, 2021-2027 7.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 7.1.1. 12 kW–50 kW 7.1.2. 50 kW–250 kW 7.1.3. 250 kW–500 kW 7.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 7.2.1. Industrial 7.2.2. Commercial 7.2.3. Residential Services 7.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 7.3.1. Combined Heat and Power (CHP) 7.3.2. Standby Power 8. Global Micro Turbines Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2021-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Micro Turbines Market Analysis and Forecasts, 2021-2027 9.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 9.1.1. 12 kW–50 kW 9.1.2. 50 kW–250 kW 9.1.3. 250 kW–500 kW 9.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 9.2.1. Industrial 9.2.2. Commercial 9.2.3. Residential Services 9.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 9.3.1. Combined Heat and Power (CHP) 9.3.2. Standby Power 10. North America Micro Turbines Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2021-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Micro Turbines Market Analysis and Forecasts, 2021-2027 11.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 11.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 11.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 12. Canada Micro Turbines Market Analysis and Forecasts, 2021-2027 12.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 12.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 12.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 13. Mexico Micro Turbines Market Analysis and Forecasts, 2021-2027 13.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 13.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 13.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 14. Europe Micro Turbines Market Analysis and Forecasts, 2021-2027 14.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 14.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 14.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 15. Europe Micro Turbines Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2021-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Micro Turbines Market Analysis and Forecasts, 2021-2027 16.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 16.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 16.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 17. France Micro Turbines Market Analysis and Forecasts, 2021-2027 17.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 17.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 17.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 18. Germany Micro Turbines Market Analysis and Forecasts, 2021-2027 18.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 18.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 18.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 19. Italy Micro Turbines Market Analysis and Forecasts, 2021-2027 19.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 19.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 19.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 20. Spain Micro Turbines Market Analysis and Forecasts, 2021-2027 20.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 20.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 20.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 21. Sweden Micro Turbines Market Analysis and Forecasts, 2021-2027 21.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 21.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 21.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 22. CIS Countries Micro Turbines Market Analysis and Forecasts, 2021-2027 22.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 22.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 22.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 23. Rest of Europe Micro Turbines Market Analysis and Forecasts, 2021-2027 23.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 23.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 23.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 24. Asia Pacific Micro Turbines Market Analysis and Forecasts, 2021-2027 24.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 24.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 24.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 25. Asia Pacific Micro Turbines Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2021-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Micro Turbines Market Analysis and Forecasts, 2021-2027 26.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 26.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 26.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 27. India Micro Turbines Market Analysis and Forecasts, 2021-2027 27.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 27.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 27.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 28. Japan Micro Turbines Market Analysis and Forecasts, 2021-2027 28.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 28.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 28.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 29. South Korea Micro Turbines Market Analysis and Forecasts, 2021-2027 29.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 29.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 29.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 30. Australia Micro Turbines Market Analysis and Forecasts, 2021-2027 30.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 30.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 30.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 31. ASEAN Micro Turbines Market Analysis and Forecasts, 2021-2027 31.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 31.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 31.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 32. Rest of Asia Pacific Micro Turbines Market Analysis and Forecasts, 2021-2027 32.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 32.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 32.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 33. Middle East Africa Micro Turbines Market Analysis and Forecasts, 2021-2027 33.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 33.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 33.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 34. Middle East Africa Micro Turbines Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2021-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Micro Turbines Market Analysis and Forecasts, 2021-2027 35.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 35.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 35.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 36. GCC Countries Micro Turbines Market Analysis and Forecasts, 2021-2027 36.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 36.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 36.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 37. Egypt Micro Turbines Market Analysis and Forecasts, 2021-2027 37.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 37.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 37.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 38. Nigeria Micro Turbines Market Analysis and Forecasts, 2021-2027 38.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 38.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 38.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 39. Rest of ME&A Micro Turbines Market Analysis and Forecasts, 2021-2027 39.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 39.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 39.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 40. South America Micro Turbines Market Analysis and Forecasts, 2021-2027 40.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 40.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 40.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 41. South America Micro Turbines Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2021-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Micro Turbines Market Analysis and Forecasts, 2021-2027 42.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 42.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 42.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 43. Argentina Micro Turbines Market Analysis and Forecasts, 2021-2027 43.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 43.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 43.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 44. Rest of South America Micro Turbines Market Analysis and Forecasts, 2021-2027 44.1. Market Size (Value) Estimates & Forecast by Power Rating, 2021-2027 44.2. Market Size (Value) Estimates & Forecast by end-user industry, 2021-2027 44.3. Market Size (Value) Estimates & Forecast By Application, 2021-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Micro Turbines Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Capstone Turbine 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Ansaldo Energia 45.3.3. Toyota Turbine and Systems 45.3.4. Bowman 45.3.5. Hitachi Power Systems 45.3.6. Bladon Jets 45.3.7. Brayton Energy 45.3.8. FlexEnergy 45.3.9. Eneftech Innovation 45.3.10. Aurelia 45.3.11. ICRTec 45.3.12. MIT 45.3.13. Turbo Tech 45.3.14. 247Solar 45.3.15. Microturbine Technology BV 45.3.16. Calnetix Technologies LLC. 45.3.17. NewEnCo. 45.3.18. Wilson Solarpower Corporation 45.3.19. UAV Turbines 45.3.20. Dresser-Rand 46. Primary Key Insights

About This Report

Report ID 1145
Category Energy & Power
Published Date oct 2019
Updated Date April 2021
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