openPR Logo
Press release

Microturbines Market Analysis, Segments, Growth and Value Chain 2014-2020

07-04-2017 09:36 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Microturbines Market Analysis, Segments, Growth and Value

Microturbines constitute an ideal power generation solution owing to their compact size, lower weight, greater efficiency, minimal emission, economical operational costs, and capability of using waste fuels for producing power. Waste heat recovery can be accomplished with over 80% of the efficiency level, with microturbines.

With increasing energy consumption across the globe, the market for microturbines recorded significant growth within the last couple of years, and is expected to witness twofold growth over the forecast period 2014-2020. Growing energy need is anticipated to continue pushing the demand for microturbine systems. North America is estimated to continue the monopoly in the market globally.

Global Microturbines Market: Key Drivers

Cost-effective Power Generation to Drive Demand

As the demand and applications of energy are increasing, the need for more number of sources supporting low emission power generation is rising as well. This plays a key role in fuelling the demand for microturbines. Moreover, power generation plants as well as consumers are increasingly looking for cost-effective operation in order to achieve profitable power generation and supply.

Request For Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-50

Innovative Technology to Play a Crucial Driver

One of the most crucial drivers of the market includes the ability of microturbine systems to operate on multiple fuels. Use of materials, including thermal barrier coatings and ceramics improves the efficiency of microturbine systems, eventually increasing the resultant engine operating temperature. Such technological advancements in microturbines are estimated to further bolster the market. Hybrid electric vehicles raise the maximum demand for low power rating microturbines. As major OEMs are increasingly investing in R&D activities for enhanced microturbines efficiency, the market is projected to gain traction in the near future.

Awareness about Clean Energy and CHP to Fuel the Market

The clean energy trend compels the reduction of greenhouse gas and other emissions. Furthermore, the high efficiency-low carbon emission characteristics of natural gas-fired power plants are driving the market for microturbines globally. Cogeneration of power and heat allows to achieve high efficiency energy generation with substantial primary energy savings, up to 40%, which is majorly driving the demand for microturbines, especially from CHP plants.

Global Microturbines Market: Segmentation

FMI’s research on the global microturbines market offers a six-year forecast, segmenting the market according to application and end-use.

On the basis of application, the market is segmented into CHP generation and standby power. Growing demand for CCHP (combined cooling and heating power) and CHP (combined heating and power) is expected to positively shape the market of microturbines. The CHP generation segment is foreseen to dominate the market, accounting for more than half of the total market revenues by 2020 end.

Based on the end-use, the global microturbines market is segmented into industrial, commercial, and residential. The industrial end-use segment currently accounts for the largest market share of over 50% globally, which is anticipated to remain the largest end-use segment during the forecast period as well.

Regional Outlook: Global Microturbines Market

North America is currently the largest market for microturbines. Contributing around 50% to the total global market revenues, the North American market is led by the U.S. Awareness about increasing carbon footprint is likely to boost the market growth in the U.S. throughout the forecast period. Moreover, strict regulatory intervention by various environmental organisations, including CAA is estimated to drive the market in North America. While N. America is expected to retain the top market position, the U.S. will remain the clear leader through to 2020.

The second largest market for microturbines is Europe. Recently reformed policies by EU NEC (European Union National Emission Ceilings) have had an optimistic impact on the market. Europe is expected to witness strong demand for microturbines during the forecast period.

Asia Pacific is reportedly the fastest growing market for microturbines. Owing to growing demand for fuel-efficient vehicles from developing economies, this region is estimated to record substantial expansion by 2020 end.

Request For TOC@ http://www.futuremarketinsights.com/toc/rep-gb-50

Key Players: Microturbines Market

Capstone Turbine Corporation and Brayton Energy are the key players in the global microturbines market. Other notable companies competing the market include Global Microturbine LLC, NewEnCo, Ansaldo Energia S.p.A, FlexEnergy, NewEnCo Ltd., Elliot Company Inc., and Ingersoll-Rand Company. Key companies are constantly striving for gaining strong market presence in developing regions in addition to developing higher efficiency microturbines.

Capstone is the undisputed market leader globally, and FMI’s research indicates that the company will maintain its position with over 70% of the market share throughout the forecast period 2014-2020.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Microturbines Market Analysis, Segments, Growth and Value Chain 2014-2020 here

News-ID: 607193 • Views: 152

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for Microturbine

The 2020-2025 World Outlook for Microturbine Installations 2019
Press Release – 14 Feb 2019 Research and Development News -- . . Latest Update "Global Micro Turbine Market Research Report 2018" with Industries Survey | Global Current Growth and Future. ' ' This report studies the global Micro Turbine market status and forecast, categorizes the global Micro Turbine market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and
Microturbine Generators Market, Share, Development forecast to 2024
New report published by Global Info Research which offers insights on the Global Microturbine Generators market. 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
16.7% CAGR Anticipated for Microturbine Systems Market During 2013-2019
“Microturbine Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, a recent research report published by Transparency Market Research (TMR), reveals that the global microturbine system market worth US$144.4 million in 2012, will register growth at a CAGR of 16.7% during the forecast period from 2013 to 2019. The annual installation is expected to grow at a CAGR of 19.8% from 123.2 MW in
Microturbine Systems Market Foraying into Emerging Economies by 2019
“Microturbine Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, a recent research report published by Transparency Market Research (TMR), reveals that the global microturbine system market worth US$144.4 million in 2012, will register growth at a CAGR of 16.7% during the forecast period from 2013 to 2019. The annual installation is expected to grow at a CAGR of 19.8% from 123.2 MW in
Microturbine Systems Market - Global Industry Analysis, Trends and Forecast 2019
“Microturbine Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, a recent research report published by Transparency Market Research (TMR), reveals that the global microturbine system market worth US$144.4 million in 2012, will register growth at a CAGR of 16.7% during the forecast period from 2013 to 2019. The annual installation is expected to grow at a CAGR of 19.8% from 123.2 MW in
Japan Microturbine Systems Market Report 2016
This report studies sales (consumption) of Microturbine Systems in Japan market, focuses on the top players, with sales, price, revenue and market share for each player, covering Capstone FlexEnergy Ansaldo Energia Elliott Group Ingersoll-Rand Company Micro Turbine Technology BV Wilson ICRTec Request Sample Report Here: http://www.reportbazzar.com/request-sample/?pid=731612&ptitle=Japan+Microturbine+Systems+Market+Report+2016&req=Sample Split by product types, with sales, revenue, price, market share and growth rate of each type, can be divided into Residential Microturbine Systems Industrial Microturbine Systems Commercial Microturbine Systems Split by applications, this report focuses on sales, market