Micro Turbine 2018 Market Global Key Country Analysis: Wilson Solarpower Corporation , ICR Turbine Engine Corporation , Calnetix Technologies LLC , Toyota Motor Corporation

Micro Turbine Market Top Key Players:-

• Capstone Turbine Corporation
• FlexEnergy, Inc.
• Ansaldo Energia S.p.A
• Brayton Energy LLC.
• Eneftech Innovation SA
• Microturbine Technology BV
• Wilson Solarpower Corporation
• ICR Turbine Engine Corporation

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Market Overview:-
Micro turbines are commonly utilized for the power generation solution due to its robust size, light weight, and advanced efficiency. The utilization of micro turbines outcomes in the minor electricity cost which increases the demand for the end-use industry. Micro turbines are small combustion turbines with outputs ranging from 12 kW - 500 kW. The upsurge in the demand for the energy is anticipated to increase the growth of micro turbine market.
The global micro turbine market is regionally divided into Europe, Asia Pacific, North America, and Rest of the World. At present, the global micro turbine market is led by North America, due to increasing awareness of carbon footprint and augmented 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, ageing power plants, inconsistent weather situations, and untrustworthy grid operations are creating development opportunities for micro turbines market. The region is expected to witness largest market share by 2023.

Industry News:-

In April, 2018 – Capstone Turbine Corporation, the world's leading clean technology manufacturer of micro turbine energy systems, outlined a new Capstone Distributor Support System, or DSS program, that was launched effective from 1st of January 2018. The goal of the new program is to deliver improved worldwide distributor training, sales efficiency, website development, corporation branding and offer funding for augmented strategic marketing activities. Precisely, the DSS program will endowment additional support for supplier business development activities, consumer lead generation, brand cognizance and precisely tailored marketing services for each major geography and market vertical.

In April, 2018 – Capstone Turbine won an order for a micro turbine to provide combined heat and power (CHP) for a Portuguese textile mill. The company proclaimed the order for its C600S micro turbine was the first in the country. According to Capstone, the textile mill’s owners are currently looking to expand in order to upsurge production capacity. As the local utility’s rates were high, the owners decided on a gas-fired micro turbine.

In April, 2018 – Capstone Turbine Corporation, the world's leading clean technology manufacturer of micro turbine energy systems, announced that its continued expansion into the healthcare market with new combined heat and power (CHP) projects at two North American hospitals. In addition, a third high profile North American hospital, that had previously bought Capstone micro turbines, will be commissioning its new CHP system in May 2018 and will be a regional showcase installation.

In March, 2018 – Capstone Turbine Corporation, the world's leading clean technology manufacturer of micro turbine energy systems, announced that, an order for a natural gas-fuelled C600 Signature Series micro turbine will be provided to a combined heat and power (CHP) to Italian food manufacturer Furlotti & C. Srl (Furlotti). IBT Group (IBT), Capstone’s distributor for Italy, secured the order, which is expected to be commissioned in November 2018.

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Global Micro Turbine Market – Segmentation
The scope of global micro turbine market is segmented into three major segments which are explained below:

By Application
o Cogeneration
o Standby Power

By Power Rating
o 12 kW -50 kW
o 50 kW-250 kW
o 250 kW-500 kW

By End-Use
o Industrial
o Commercial
o Residential

Global Micro Turbine Market Analysis:-
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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