Latest Report Details Of Micro turbines Market Size & Share, Growth, Trends and Forecast 2017 - 2025

The report "Micro turbines Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025 ", has been prepared based on an in-depth market analysis with inputs from industry experts.

The main objective of this report is to define, describe, and forecast the global “Micro turbines” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Microturbines are small electricity generators that employ gaseous or liquid fuels to create rotation, which helps turns an electrical generator. Microturbines are used as captive power generation units. The system is designed in combination of a small gas turbine and high-speed generator. Prominent factors boosting the demand for microturbine energy include environmental concerns and electricity generation at source. Microturbines create limited pollution in terms of SOx and NOx emissions. Global warming concerns have compelled countries to take firm steps to control the situation. The power generation industry is responsible for GHG emissions. Installing a microturbines unit at sites is likely to help reduce the overall emissions. Microturbines are able to run individually or on variety of fuels such as diesel, propane, biogas, and low or high pressure natural gas.

Distributed power generation is achieving prominence in developed and developing countries. The micro turbine is supported by the incentives and policies for promotion expansion. The microturbines have much less payback time of the investment from the other technologies. Some of other advantages include connection flexibility, ability to operate in parallel for larger loads, ability to deliver reliable and stable power, and low emissions compared to the other technologies. Microturbines are also best for usage in in Combined Heat and Power (CHP) applications as the exhaust heat can be recovered in a heat recovery boiler or hot gases can be used directly. Microturbines are different from larger turbines based on their compression ratios and combustion temperatures. Microturbines can be customized based on emission standards to meet state and federal emission regulations and the stringent guidelines. Demand and applications of energy are increasing, this is driving the need for higher number of sources assisting low emissions and power generation. In turn, boosting the demand, for power generation plants owners and consumers are considering microturbines as cost-effective options for the power generation and supply.

In terms of application, microturbines are used in CHP and as a standby power equipment for peak power demand. The smaller distributed turbines are quite efficient when used in stand-alone applications.

Based on application, the microturbines market can be divided into industrial, commercial, and residential. Commercial and industrial segments are expected to remain attractive during the forecast period. Several commercial businesses like hotels, college/university campuses, manufacturers, have optimized the use microturbines for several commercial applications. Prominent industries using microturbines are oil & gas, construction & manufacturing, pharmaceutical, wastewater treatment, and mining.

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Based on power rating, the microturbines market can be segregated into Upto 50 kW and 50 kW-250 kW and 251 kW to 500 kW. The capacity of power depends on its demand, energy use, and application.

In terms of region, the microturbines market can be split into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to lead the market during the forecast period, followed by North America. This dominance in the market by Asia Pacific is primarily due to the large number of manufacturing and plant applications in China. The microturbines market in Asia Pacific is anticipated to expand at a significant pace during the forecast period due to the increase in demand for commercial and industrial microturbine applications.

Key companies operating in the microturbines market include Brayton Energy, Bladon Jets, Calnetix Technologies, Flexenergy, Capstone Turbine Corporation, and Toyota Turbine and System Inc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

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The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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