We are monitoring the impact of COVID-19 on Microturbines Market Get in touch with us for detailed analysis Know More
Pulished Date April, 2021
ID: 10535
Share on
Share on

Microturbines Market Segmentation By Power Rating (12-50 KW, 50-250 KW and 250-500 KW), By Application (Combined Heat and Power and Standby Power), By End User (Industrial, Commercial and Residential), and Region - Industry Forecast of 2021 to 2026

Pulished: April, 2021
ID: 10535
Pages: 175

Microturbines Market Value And Growth Analysis (2021-2026)

The microturbines market is predicted to reach USD 251.4 million in 2026, from an estimated value of USD 149.1 million in 2021, developing with a CAGR of 9.50%.

Microturbines are designed in such a way that they combine the reliability of an aircraft's auxiliary power system with the manufacturing savings of a turbocharger.Microturbine systems are typically air-cooled, and some designs use air bearings. Therefore, these turbines eliminate the oil and water systems commonly employed in piston engines. Microturbines have a low emission combustion system, whose emissions performance is comparable to that of larger gas turbines. Microturbines also have low maintenance potential with their uptime of around 99% and are highly reliable and durable to generate high-quality, continuous power. Microturbines can be defined as small-scale electrical generators that produce electrical energy by burning liquid and gaseous fuels. The combustion of these fuels in the turbine results in high-speed rotation of the turbine shaft, which then turns an electrical generator to produce electrical energy. Microturbines operate at high speeds and can only be employed for power generation or for combined heat and power applications similar to gas turbines.

Microturbines Market Trends:

Microturbines are increasingly being employed as a source of distributed power generation these days, due to the rising call for clean energy, outdated grid infrastructure, and easy fuel availability. The focus on green energy production, heat production for industrial and commercial or residential activities, as well as the escalating call for cogeneration applications, is predicted to change the trends towards microturbines. The growing environmental concerns related to worldwide warming, due to the burning of fossil fuels, the application of cogeneration is predicted to dominate the global microturbines market during the foreseen period.

Recent Developments in the Microturbines Market Industry:

  • Capstone launches a new microturbine. The 200 kW C200S microturbine incorporates numerous system and design updates aimed at improving the quality, reliability and overall performance of the product, the company said.
  • UAV Turbines, Inc., declared the introduction of its lightweight military-grade microturbine generation platform for on-call electrical power ranging from 3kW to 40kW.

Microturbines Market Drivers

The global microturbines market is driven by extreme efficiency and optimal design. Additionally, these systems eliminate the use of oil and water systems that are common among piston engines. In addition, smaller microturbines also exhibit the efficiency and performance of large gas turbines, making their widespread penetration into various industries a reality. Also, the escalating advancements of microturbines are predicted to increase their availability in the near future and lead to a considerable reduction in maintenance costs. This is predicted to create significant expansion opportunities for various players in the worldwide microturbines market. Besides, poor grid connectivity in developing and underdeveloped countries is supposed to increase call for on-site power generation as call for power increases in these countries. Additionally, factors such as reliability, call for custom power, and lower power generation costs are foreseen to increase call for microturbines. They can be easily installed compared to complex conventional power plants and can produce energy cheaply from much cleaner energy sources.

Microturbines Market Restraints:

Falling oil & gas prices are likely to hamper the expansion of the worldwide microturbines market.

Opportunities in the Microturbines Market:

Strong manufacturing activity in Asia-Pacific is putting enormous pressure on the infrastructure of several emerging countries. Of these, only a few like China have the infrastructure to cope with the calls of a large population and growing production activity. Many countries like India, Vietnam, and Indonesia are still plagued by widespread blackouts and unreliable power supplies. Also, a reliable power supply ensures continuous production, and the relatively low power generation costs represent a great expansion opportunity for many. Therefore, escalating manufacturing activity, unreliable power supply, and lucrative expansion opportunities are predicted to drive significant expansion for the microturbines market in the near future.

Microturbines Market Challenges:

Low electrical efficiency is foreseen to present severe challenges to the Microturbines Market expansion.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 – 2025

Base Year

2020

Forecast Period

2021 - 2026

CAGR

9.50%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

 

Market Leaders Profiled

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), and Bladon Jets (Isle of Man) 

Microturbines Market

Microturbines Market Segmentation:

By power rating:

  • 12-50 kW
  • 50-250 kW
  • 250-500 kW

By application:

  • Combined heat and power
  • Standby

The combined heat and power market is predicted to grow at the highest CAGR during the foreseen period. Micro turbines that generate combined heat also provide heat to residential homes, which is commonly seen in colder climates such as Europe, North America, and parts of China.

By end user:

  • Industrial
  • Commercial
  • Residential

The commercial fragment is predicted to be the quickest developing segment of the micro-turbine industry, by end user. This segment is driven by the expansion of urban areas and the development of shopping centers.

MicroTurbines Regional Analysis:

  • North America MicroTurbines Industry includes U.S, Canada.

  • Europe MicroTurbines Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.

  • Asia Pacific MicroTurbines Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.

  • Latin America MicroTurbines Industry includes Brazil, Mexico, Argentina, Chile & Rest of LATAM.

  • Middle East & Africa MicroTurbines Industry includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA.

North America is the largest market for micro turbines, followed by Europe and Asia-Pacific. The United States accounted for a majority stake in the North America region in 2019, while Canada is predicted to see expansion at the highest CAGR from 2021 to 2026. Aging power plants and frequent natural disasters have created enormous expansion opportunities. for the micro turbine market in this region. The shale gas boom in North America and the decommissioning of nuclear power plants in Europe are driving call for micro-turbines in these regions. The escalating use of microturbines with cogeneration systems that are much more efficient and the escalating incentives in North America and Europe for the use of these systems are predicted to translate into important new avenues for players in the CHP market. microturbines. Aging power infrastructure and poor grid connectivity in various regions are predicted to fuel call for on-site power generation technologies, such as microturbines. Maintaining outdated energy infrastructure, especially in developed regions like North America and Europe, is predicted to cause network downtime in the region. On-site power generation is estimated to be highly feasible for a reliable power supply in these areas.

Microturbines Market 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), and Bladon Jets (Isle of Man) among others.

 

1. Introduction                             

              1.1 Market Definition                  

              1.2 Scope of the report               

              1.3 Study Assumptions               

              1.4 Base Currency, Base Year and Forecast Periods                       

2. Research Methodology                                       

              2.1 Analysis Design                      

              2.2 Research Phases                    

                             2.2.1 Secondary Research          

                             2.2.2 Primary Research 

                             2.2.3 Data Modelling    

                             2.2.4 Expert Validation 

              2.3 Study Timeline                       

3. Report Overview                                    

              3.1 Executive Summary              

              3.2 Key Inferencees                     

4. Market Dynamics                                   

              4.1 Impact Analysis                      

                             4.1.1 Drivers     

                             4.1.2 Restaints 

                             4.1.3 Opportunities       

              4.2 Regulatory Environment                    

              4.3 Technology Timeline & Recent Trends                         

5. Competitor Benchmarking Analysis                                

              5.1 Key Player Benchmarking                   

                             5.1.1 Market share analysis       

                             5.1.2 Products/Service  

                             5.1.3 Regional Presence

              5.2 Mergers & Acquistion Landscape                   

              5.3 Joint Ventures & Collaborations                     

6. Market Segmentation                                          

              6.1 Microturbines Market, By Power Rating                      

                             6.1.1 12-50 KW

                             6.1.2 50-250 KW             

                             6.1.3 250-500 KW          

                             6.1.4 Market Size Estimations & Forecasts (2019-2024) 

                             6.1.5 Y-o-Y Growth Rate Analysis            

                             6.1.6 Market Attractiveness Index          

              6.2 Microturbines Market, By Application                         

                             6.2.1 Combined Heat and Power            

                             6.2.2 Standby Power     

                             6.2.3 Market Size Estimations & Forecasts (2019-2024) 

                             6.2.4 Y-o-Y Growth Rate Analysis            

                             6.2.5 Market Attractiveness Index          

              6.3 Microturbines Market, By End-User              

                             6.3.1 Industrial

                             6.3.2 Commercial          

                             6.3.3 Residential            

                             6.3.4 Market Size Estimations & Forecasts (2019-2024) 

                             6.3.5 Y-o-Y Growth Rate Analysis            

                             6.3.6 Market Attractiveness Index          

7. Geographical Landscape                                     

              7.1 Global Identity Governance and Administration Market, by Region                            

              7.2 North America - Market Analysis (2018 - 2024)                        

                             7.2.1 By Country            

                                           7.2.1.1 USA

                                           7.2.1.2 Canada

                             7.2.2 By Power Rating   

                             7.2.3 By Application      

                             7.2.4 By End-User          

              7.3 Europe                      

                             7.3.1 By Country            

                                           7.3.1.1 UK

                                           7.3.1.2 France

                                           7.3.1.3 Germany

                                           7.3.1.4 Spain

                                           7.3.1.5 Italy

                                           7.3.1.6 Rest of Europe

                             7.3.2 By Power Rating   

                             7.3.3 By Application      

                             7.3.4 By End-User          

              7.4 Asia Pacific                

                             7.4.1 By Country            

                                           7.4.1.1 China

                                           7.4.1.2 India

                                           7.4.1.3 Japan

                                           7.4.1.4 South Korea

                                           7.4.1.5 South East Asia

                                           7.4.1.6 Australia & NZ

                                           7.4.1.7 Rest of Asia-Pacific

                             7.4.2 By Power Rating   

                             7.4.3 By Application      

                             7.4.4 By End-User          

              7.5 Latin America                         

                             7.5.1 By Country            

                                           7.5.1.1 Brazil

                                           7.5.1.2 Argentina

                                           7.5.1.3 Mexico

                                           7.5.1.4 Rest of Latin America

                             7.5.2 By Power Rating   

                             7.5.3 By Application      

                             7.5.4 By End-User          

              7.6 Middle East and Africa                       

                             7.6.1 By Country            

                                           7.6.1.1 Middle East

                                           7.6.1.2 Africa

                             7.6.2 By Power Rating   

                             7.6.3 By Application      

                             7.6.4 By End-User          

8. Key Player Analysis                                

              8.1 Capstone Turbine Corporation                       

                             8.1.1 Business Description         

                             8.1.2 Products/Service  

                             8.1.3 Financials

                             8.1.4 SWOT Analysis     

                             8.1.5 Recent Developments       

                             8.1.6 Analyst Overview 

              8.2 FlexEnergy, Inc                       

              8.3 Ansaldo Energia S.p.A                         

              8.4 Brayton Energy LLC               

              8.5 Eneftech Innovation SA                      

              8.6 Microturbine Technology BV                           

              8.7 Wilson Solarpower Corporation                     

              8.8 ICR Turbine Engine Corporation                     

              8.9 Calnetix Technologies LLC                  

              8.10 Toyota Motor Corporation              

9. Market Outlook & Investment Opportunities                             

Appendix                                       

              List of Tables                   

              List of Figures                 

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.

  • The segment-level analysis in terms of By Diagnostic Wearable Devices, and Therapeutic Wearable Devices along with market size forecasts and estimations to detect key areas of industry growth in detail.

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.

  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development.

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions.

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.

  1. Global Microturbines Market By Region, From 2021-2026 ( USD Billion )

  2. Global Microturbines Market By Power Rating, From 2021-2026 ( USD Billion )

  3. Global 12-50 KW Market By Region, From 2021-2026 ( USD Billion )

  4. Global 50-250 KW Market By Region, From 2021-2026 ( USD Billion )

  5. Global 250-500 KW Market By Region, From 2021-2026 ( USD Billion )

  6. Global Microturbines Market By Application, From 2021-2026 ( USD Billion )

  7. Global Combined Heat and Power Market By Region, From 2021-2026 ( USD Billion )

  8. Global Standby Power Market By Region, From 2021-2026 ( USD Billion )

  9. Global Microturbines Market By End-User, From 2021-2026 ( USD Billion )

  10. Global Industrial Market By Region, From 2021-2026 ( USD Billion )

  11. Global Commercial Market By Region, From 2021-2026 ( USD Billion )

  12. Global Residential Market By Region, From 2021-2026 ( USD Billion )

Please wait. . . . Your request is being processed

LICENCE TYPE

$ 1234 4255

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample