Micro turbines are increasingly being used
as a distributed energy generation source these days, owing to increasing
demand of clean energy, aging grid infrastructure, and easy fuel availability.
The focus on green energy generation along with producing heat for industrial
& commercial or residential activities, along with increasing demand of
cogeneration application is anticipated to shift trends towards micro turbines.
With the growing environmental concerns for global warming, due to burning of
fossil fuels, cogeneration application is expected to dominate the micro
turbine market during the forecast period.
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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.
Industry
Highlights
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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Segmentation
The global microturbine market has been
segmented on the basis of application, end use, power rating, and lastly
region. The application-based segmentation segments this market into
cogeneration and standby power. Cogeneration is defined as the generation of electricity
and useful heat jointly. Standby power is the power consumed by an appliance or
device when the device is not in use but is ready to be put into use. Based on
end use, the market has been segmented into commercial, industrial, and
residential. By power rating, the market has been segmented into 12 KW-50kW,
50kW-250kW, and 250kW-500kW.
Regional
Outlook
The regional segmentation of the global
microturbine market segments the market into continents-based regional markets
that are North America, Europe, Asia Pacific, and the rest of the world (RoW).
The biggest regional market for microturbine is North America, due to growing
awareness of carbon footprint and increased consumption of energy in the
region. In this region, the biggest country-specific market in this region is
the United States of America (USA). The market in the USA is growing due to
increased demand for alternative energy sources and possibility of more coal
and nuclear power plants to be decommissioned coupled with stringent
environmental regulations. After the USA, Canada is the most important market
in this region.
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