Press release
Global Micro Turbine Market- Forecast to 2023 | Key Players are Capstone Turbine Corporation, FlexEnergy, Inc., Wilson Solarpower Corporation, Brayton Energy LLC., Calnetix Technologies
Market HighlightsGrowing clean electricity demand coupled with growing concern for reducing carbon footprint and the aging grid infrastructure, will boost the global micro turbine market over the forecast period. Micro turbines are used as an alternative energy source for power generation. They are widely known for their function of cogeneration of heat and power.
Micro turbines are widely accepted across the world in the industrial & commercial sectors owing to growing demand of combined heat and power in industries such as, oil & gas, construction, pharmaceutical, manufacturing, waste water treatment, and mining among others. The market is expected to grow with a CAGR of around 10% during the forecast period.
Global Micro Turbine Market
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.
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Key Players
The key players of the global micro turbine market are
• Capstone Turbine Corporation (U.S.),
• FlexEnergy, Inc. (U.S.),
• Ansaldo Energia S.p.A (Italy),
• 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),
• Bladon Jets (Isle of Man)
• others.
The market has been analyzed based on application, power rating, end-user and region. On the basis of application, the global micro turbine market has been segmented as cogeneration, and standby power. Based on power rating, it is classified as 12 kW -50 kW, 50 kW-250 kW, 250 kW-500 kW. Based on end-user, it is further classified as industrial, commercial, and residential.
Asia-Pacific region is expected to dominate the market
North America led the global micro turbine market, owing to increased consumption of energy and growing awareness of carbon footprint in the region. The U.S. dominated the North America micro turbine market, due to several potential advantages over other technologies for small-scale generation. The shale gas activities in the U.S., Canada, and Mexico is expected to contribute in the development of micro turbine market in the region.
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
Continue……..
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