Micro
Gas Turbine Market – Overview
The
old grid infrastructures globally are anticipated push the microturbine market.
Reports that gauge the energy and power industry have been offered by Market
Research Future, which generates reports on industry verticals that judge the
market development and possibilities. A 10% CAGR is anticipated to benefit the
advance of the market in the forthcoming period.
The
ease of availability for fuels is anticipated to push the microturbine market
in the coming period. The mounting demand for clean energy sources coupled with
the demand for green energy is expected to raise the stakes for development of
the micro turbine industry globally. Also, the application of microturbines for
cogeneration applications is expected to yield high returns for the market
overall.
Segmental
Analysis
The
segmental consideration of the Micro
Gas Turbine Market has been conducted on the basis of end use, power
rating, application, and region.
The
application-based segmentation of the microturbine market consists of standby
power and cogeneration.
Based
on the end uses, the microturbine market has been segmented into residential,
commercial and industrial.
On
the basis of power rating, the microturbine market has been segmented into
50kW-250kW, 12 KW-50kW, and 250kW-500kW.
On
the basis of regions, the microturbine market is segmented into Europe, North
America Asia Pacific, and other regions of the world.
Regional
Analysis
The
regional investigation of the microturbine market covers regions such as North
America, Europe, Asia Pacific, and other regions of the world. As per the
study, the prime regional market for microturbine is the North American region,
due to budding consciousness of carbon footprint and amplified utilization of
energy in the region. In this region, the leading country-specific market in
this region is the United States of America. The market in the USA is on the
increase due to amplified demand for substitute energy sources and opportunity
of more nuclear and coal power plants to be decommissioned together with
rigorous environmental rules. After the USA, Canada is the most central market
in this region.
Competitive
Analysis
The
strategic players in the microturbine market globally are Bladon Jets (Isle of
Man), Brayton Energy LLC. (USA), Calnetix Technologies LLC (USA), ICR Turbine
Engine Corporation (USA), AnsaldoEnergia S.P.A (Italy), Capstone Turbine
Corporation (USA), FlexEnergy,Inc. (the USA), Eneftech Innovation SA
(Switzerland), Toyota Motor Corporation (Japan), Microturbine Technology BV
(the Netherlands), and Wilson Solarpower Corporation (USA).
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