Microturbines Market 2017-2025 | Capstone Turbine Corporation, Bowman, Ansaldo Energia, Flexenergy, Bladon Jets, Brayton Energy

- Microturbines Market – Overview

Microturbines can be described as a small scale power generating equipment that produce electrical power by burning either gaseous or liquid fuels. The combustion of these fuels in the turbine produces high speed rotation of the turbine shaft, which then turns an electrical generator for producing electrical power. Microturbines can work using an array of liquid and gaseous fuels including natural gas, biogas, sour gases, gasoline, diesel, kerosene, and heating oil. Microturbines operate at high speeds and are mainly used for power generation or for CHP (combined heat and power) applications similar to gas turbines. They have low emission combustion systems, whose emission performance is comparable to that of larger gas turbines. Microturbines also have an uptime of around 99% with potential for reduced maintenance and are highly reliable and durable for generating continuous and high quality power.
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Aging power infrastructure and poor grid connectivity in several parts of the world are expected to increase demand for on-site power generation around the globe. This, in turn, is anticipated to increase demand for microturbinesglobally. Moreover, microturbine systems can be installed in a much easier way in comparison to complex conventional power plants and can produce low-cost energy from much cleaner sources. Microturbine installations also enjoy incentives from governments and regulatory authorities. However, microturbines suffer from low fuel-to-electric efficiency, which is a major restraint for the market.

The report comprises profiles of major companies operating in the global microturbines market. Key players in the microturbines market are Capstone Turbine Corporation, Bowman, Ansaldo Energia, Flexenergy, Bladon Jets, Brayton Energy, ICR Turbine Engine Corporation (ICRTec), 247solar, TurboTech Precision Engineering Pvt. Ltd., Micro Turbines Technology BV, and Aurelia Turbines Oy. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.

The global microturbines market has been segmented as follows:

- Microturbines Market, by Power Rating
12–50 KW
51–250 KW
Above 250 KW

- Microturbines Market, by Application
CHP (Combined Heat & Power)
Standby Power

- Microturbines Market, by End-user
Residential
Commercial
Industrial

- Microturbines Market: Regional Analysis
North America
U.S.
Canada
Europe
Germany
U.K.
France
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- Key Takeaways
The bove 250 KW power rating segment holds a dominant share due to its high demand from industrial and heavy commercial end-users
The increasing end-consumer awareness about CHP opportunities is also likely to boost to the microturbines market
Recovering oil & gas industry and rising demand for on-site power generation along with increasing CHP opportunities are expected to drive the microturbines market in the near future
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