Press release
Global Microturbines Market to Witness a Pronounce Growth During 2023
The Microturbine generates power and is a combination of a small gas turbine and high speed generator. The combustor in a microturbine can run on various types of fuel such as diesel, natural gas, biogas, alcohol, hydrogen, and LPG, emitting negligible toxicity. Microturbines can generate
As international economic situation is complicated, in the next few years there will be many uncertainties although. Due to the government’ policy and the high production of PCB etc. in the international market, the current demand for Microturbines product is relatively high in the mature market, such as Europe and North America, but the demand in China is relatively higher due to the downstream demand.
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Global Microturbines Market: Forecast by Type / Application / Region
Microturbines are mainly produced by Capstone, and these companies occupied about 35.5% market share in 2014.
Europe, America are major consumption regions in Microturbines production market.
Although sales of Microturbines brought a lot of opportunities, the study group recommends the new entrants who just having money but without technical advantage and downstream support, do not to enter into the Microturbines field hastily.
Over the next five years, LPI(LP Information) projects that Microturbines will register a 6.8% CAGR in terms of revenue, reach US$ 370 million by 2023, from US$ 250 million in 2017.
Global Microturbines Market: Key Players
Capstone
Elliott Group
FlexEnergy
Solar Turbines Incorporated
Ansaldo Energia
Micro Turbine Technology BV
Niigata Power
BLADON JETS
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Related Information:
United States Microturbines Market Research Report 2018
Europe Microturbines Market Research Report 2018
North America Microturbines Market Research Report 2018
Asia-Pacific Microturbines Market Research Report 2018
China Microturbines Market Research Report 2018
EMEA Microturbines Market Research Report 2018
Global Microturbines Market Research Report 2018
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