Micro Turbine Market Revenue Analysis, Growth rate, Recent Development, Top Players Analysis 2021-2027 |Capstone Turbine Corporation, Bladon Micro Turbine, Aurelia, GE Power

Micro Turbine Market is valued at USD 163.97 Million in 2017 and expected to reach USD 404.88 Million by 2027 with a CAGR of 9.46% over the forecast period.
Micro Turbine Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Increasing demand of Clean and Green Energy is a key driving factor for the growth of Micro Turbine Market.
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Scope of Micro Turbine Market Report –
Micro Turbine is a small combustion turbine which produces electricity and heat on a small scale. These turbines are generally used for stationary energy generation. They are considered to be the size of refrigerator with output ranges from 25-500kW. Micro Turbines generally comprises of combustor, compressor, turbine, recuperator, alternator and generator. They also offer advantages like: compact size, less moving parts, lightweight, low emissions, high efficiency, low power costs and ability to utilize waste fuels which includes Natural Gas, Hydrogen, Diesel and Propane. Due to small and compact size, they are utilized in wide variety of applications where low cost energy, on-site power applications, cogeneration and distributed generation are required. The Micro Turbines also provide low capital & maintenance cost, low operations and automatic control has significantly contributed in power generation market.
During this COVID-19 pandemic, some industries have positive impact and some are struggling. As the micro turbines are sustainable energy providers they are positively impacted by this pandemic, due to the growing demand of clean energy and minimum carbon footprint across the globe. Also new corona virus (COVID-19) relief bill was signed into law which will provide tax benefits to various green and clean energy industries.
Global Micro Turbine Market report is segmented on the basis of types, applications and region & country level. Based upon types, global Micro Turbine market is classified into Unrecuperated Micro Turbines and Recuperated Micro Turbines. Based upon the application, global Micro Turbine market is classified into Cogeneration applications, Gas applications and Small commercial applications.
The regions covered in this Global Micro Turbine Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Micro Turbine is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia, Africa, etc.
Key Benefits for Global Micro Turbine Market Report–
Global Micro Turbine Market report covers in-depth historical and forecast analysis.
Global Micro Turbine Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
Global Micro Turbine Market report helps to identify opportunities in marketplace.
Global Micro Turbine Market report covers extensive analysis of emerging trends and competitive landscape.
Key Players for Global Micro Turbine Market Report-
Some major key players for Global Micro Turbine Market are Capstone Turbine Corporation, Micro Turbine Technology, Bladon Micro Turbine, Aurelia, GE Power, Siemens Energy, Centrax Gas Turbines, Bowman Power Systems, Calnetix Technologies, Ansaldo Turbec and others.
Global Micro Turbine Market Segmentation: -
By Type:
• Unrecuperated Micro Turbines
• Recuperated Micro Turbines
By Application:
• Cogeneration applications
• Gas applications
• Small commercial applications
By Regional & Country Level:
• North America
• US
• Canada
• Europe
• UK
• France
• Germany
• Italy
• Asia Pacific
• China
• Japan
• India
• Southeast Asia
• Latin America
• Brazil
• Mexico
• Middle East and Africa
• GCC
• Africa
• Rest of Middle East and Africa
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News-
Capstone Turbine (CPST) announced extension of Federal Tax Credits
December 29, 2020; It was announced by CPST, leading clean technology manufacturer that 10% of investment tax credit for Micro Turbines and combined heat & power projects was extended till the end of 2023 due to COVID-19. The legislation was signed by President Trump to extend the production tax credit till end of 2021 for renewable energy.
Small engine industry aims to progress by Sierra Turbines
September 18, 2020; CEO of Sierra Turbine, Roger Smith discarded limiting prototype and low volume work belief for additive manufacturing but aims to manufacture 95% more micro turbine components. With the help of 3D printing by Velo3D, he looks forward to manufacture micro turbines more robust, 10 times the energy efficient and 50% lighter.
Global Micro Turbine Market is further segmented by region into:
• North America Market Size, Share, Trends, Opportunities-o-Y Growth, CAGR – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
• APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Top Players Analysis, Market Size & Share, Trends, Drivers, Restraints, Porter’s Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis
KEY REASONS TO PURCHASE Micro Turbine Market Report:
• To gain insightful analyses of the market
• Assess the production processes
• To understand the most affecting driving and restraining
• Market strategies by leading respective organizations.
• To understand the future outlook and prospects for the market
Each company profiled in the research document is studied considering various factors such as product and its application portfolios, market share, growth potential, future plans, and development activity. Readers will be able to gain complete understanding and knowledge of the competitive landscape. Most importantly, the report sheds light on important strategies that key and emerging players are taking to maintain their ranking in the Global Micro Turbine Market. It shows how the market competition will change in the next few years and how players are preparing themselves to stay ahead of the curve.
Table of Content
1. Chapter - Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – Global Micro Turbine Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Micro Turbine Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Micro Turbine Market: Trends
2.8. Porter’s Five Forces Analysis
2.9. Market Attractiveness Analysis
3. Chapter - Global Micro Turbine Market Overview: Quantitative Analysis
4. Chapter – Global Micro Turbine Market Analysis: Segmentation By Type
5. Chapter – Global Micro Turbine Market Analysis: Segmentation By Application
Continued@........
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