Micro Turbine Market: Global Trends, Evolving Technology, Key Vendors, Drivers, Profits & Analysis, Forecast to 2023

Market Highlights
With the increasing electrical grid modernization, network upgradations, rising fuel prices, and growing energy demand, there is a need for alternative energy sources. Micro turbines are used for cogeneration and as standby power source, which is projected to witness significant demand in the next five years. The increasing need of reliable electric supply and subsequent investment in producing new generation capacity, high productivity, and low carbon discharge features will attribute towards the growth of gas turbine market.

The need for producing green energy and high reliability on alternative energy sources, is driving the global micro turbine market.

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), 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) among others.

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.

Intended Audience
• Micro Turbine Manufacturers
• Public and Private Operators of Natural Gas Power Plants
• Government as well as Independent Regulatory Authorities
• Consultants and Investment Bankers
• Distributer & Supplier Companies
• End Users

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LIST OF TABLES
TABLE 1 GLOBAL SHUNT CAPACITOR MARKET, BY APPLICATION
TABLE 2 GLOBAL SHUNT CAPACITOR MARKET, BY POWER RATING
TABLE 3 GLOBAL SHUNT CAPACITOR MARKET, BY END-USE
TABLE 4 GLOBAL SHUNT CAPACITOR MARKET, BY REGION
TABLE 5 NORTH AMERICA SHUNT CAPACITOR MARKET, BY APPLICATION
TABLE 6 NORTH AMERICA SHUNT CAPACITOR MARKET, BY POWER RATING
TABLE 7 GLOBAL SHUNT CAPACITOR MARKET, BY END-USE
TABLE 8 U.S. SHUNT CAPACITOR MARKET, BY APPLICATION
TABLE 9 U.S. SHUNT CAPACITOR MARKET, BY POWER RATING
TABLE 10 GLOBAL SHUNT CAPACITOR MARKET, BY END-USE
Continue…………….

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