Micro Turbines Market Report 2018: Economic Indicators and Product Offerings Worldwide With Future Prospects 2025

The global microturbines market was valued around US$ 65.2Mn in 2017 and is anticipated to expand at a CAGR of over 9.2 % from 2018 to 2025, according to a new report by Transparency Market Research (TMR) titled ‘Microturbines Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2025.’ Microturbines are generally small scale power generators that burn either gaseous or liquid fuel to produce electrical power. The burning of fuel creates high speed rotation of the turbine, which, in turn, rotates an electrical generator for power generation. These turbines are an essential part of distributed generation technology and are primarily used for on-site generation i.e. where the power generation and consumption happens mostly in the same place. These turbines also have great potential for CHP application, which increases their overall efficiency and provides numerous benefits to end-users.

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The growing demand for clean energy, accompanied by aging grid infrastructure, has led to the growth of the micro turbines market. The burning of conventional energy sources such as petroleum and coal has been identified as the major cause of global warming. The use of micro turbines releases very little emissions as compared to fossil fuels in terms of the concentrations of sulfur oxide and nitrogen oxide. Government initiatives for greener solutions, investments by financial institutions, growing demand for reliable power, and easy availability of fuel are driving the growth of the global micro turbines market during the forecast period.

The report segments the micro turbines market based on application into combined heat and power (CHP) and standby power. The CHP application is the fastest growing market for micro turbines. However, the demand for standby power is also increasing rapidly. Based on end-user, the micro turbines market has been categorized into industrial, commercial, and residential. The industrial micro turbines market was the largest in 2016. The industrial segment includes the oil & gas, information and communications, and construction sectors. The micro turbines market, by power rating, has been categorized into 12-50 kW, 50-250 kW, and 250-500 kW.

The major manufacturers covered in this report
Capstone
Elliott
FlexEnergy
Solar Turbines Incorporated
Ansaldo Energia
Micro Turbine Technology
Niigata Power
BLADON JETS
...

Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
North America
Europe
China
Japan
India
Southeast Asia
Other regions (Central & South America, Middle East & Africa)

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Unrecuperated Microturbines
Recuperated Microturbines

By Application, the market can be split into
Critical Power Supply
Energy Efficiency
Renewable Energy
Moblie Production
Other

Micro turbines offer the wide range of benefits which includes compact size, ability to run on multiple fuels, less moving parts and higher efficiency resulting in lower electricity costs which are anticipated to increase its demand among the end use industries.

Increasing need for energy sources coupled with growing environmental concerns including pollution levels and global warming is expected to further facility the product development in emerging economies including China, Malaysia, and South Korea. Decommissioning of nuclear plants in developed regions mainly Europe is anticipated to drive overall market demand in near future.

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the micro turbines market. Primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standards and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The points given below explain the research methodology.

Study of the annual revenues and market developments of major players that supply micro turbines
Assessment of future trends and growth of end-users
Assessment of the micro turbines market with respect to the type of technology used for different applications
Study of contracts and developments related to the micro turbines market by key players across different regions
Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies supplying micro turbines across the globe

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The study objectives of this report are:
To analyze and study the global Microturbines capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);
Focuses on the key Microturbines manufacturers, to study the capacity, production, value, market share and development plans in future.
Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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