Micro Turbine Market Size to Grow at a CAGR of 10% till 2023 | with Capstone Turbine Corporation, FlexEnergy, Ansaldo Energia S.p.A, Brayton Energy LLC., Eneftech Innovation SA, Microturbine Technology BV, Wilson Solarpower Corp.

The global microturbine market that predicts growth for this market with 10% CAGR (Compound Annual Growth Rate) during the forecast period that ends in 2023. 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.

Prominent Players:

Capstone Turbine Corporation (U.S.), FlexEnergy, Inc. (U.S.), Ansaldo Energia S.p.A (Italy), and Brayton Energy LLC. (U.S.), Eneftech Innovation SA (Switzerland), Microturbine Technology BV (the Netherlands), Wilson Solarpower Corporation (U.S.), ICR Turbine Engine Corporation (U.S.), Calnetix Technologies LLC (U.S.), Toyota Motor Corporation (Japan), and Bladon Jets (Isle of Man)

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Industry Segmentation:

The global microturbine market has been segmented on the basis of application, end use, power rating, and lastly region.

The application-based segmentation segments this market into cogeneration and standby power. Cogeneration is defined as the generation of electricity and useful heat jointly. Standby power is the power consumed by an appliance or device when the device is not in use but is ready to be put into use.

Based on end use, the market has been segmented into commercial, industrial, and residential.

By power rating, the market has been segmented into 12 KW-50kW, 50kW-250kW, and 250kW-500kW.

Regional Outlook:

The regional segmentation of the global microturbine market segments the market into continents-based regional markets that are North America, Europe, Asia Pacific, and the rest of the world (RoW).

The biggest regional market for microturbine is North America, due to growing awareness of carbon footprint and increased consumption of energy in the region. In this region, the biggest country-specific market in this region is the United States of America (USA). The market in the USA is growing due to increased demand for alternative energy sources and possibility of more coal and nuclear power plants to be decommissioned coupled with stringent environmental regulations. After the USA, Canada is the most important market in this region.

In Europe, due to investments in new technology and environmental restraints raised by the government, the industry is focusing on green energy, creating a market for microturbines. In this region, the most significant country-specific markets are France, Germany, and the United Kingdom (UK), followed by the rest of Europe. With industrialization and urbanization increasing in the Asia Pacific region, the market can be expected to grow during the forecast period as environmental concerns are being raised in this region too. The most industrialized and hence strongest country-based markets in this region are China, India, and Japan, followed by the rest of the Asia Pacific region.

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Table of Contents

1 Executive Summary

2 Research Methodology

2.1 Scope of The Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

4 Global Shunt Capacitor Market, By Application

4.1 Introduction

4.2 Cogeneration

4.3 Standby Power

Continued……

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