Micro
Turbine Market 2019 Report offers a professional and in-depth study on the
current state of the Global Micro Turbine Market along with competitive
landscape, Micro Turbine Market share and revenue forecasts 2023. This report
is a valuable source of guidance for companies and individuals offering
Industry Chain Structure, Business Strategies and Proposals for New Project
Investments.
Rising
adoption of microturbines as a distributed energy generation source has led to
significant market growth by the end of 2023. The shift towards ascending
growth of the global microturbine adoption is attributed to an increasing focus
on green energy generation along with heat production for various industrial,
commercial, and residential activities.
The factors aiding the Micro
Turbine Market Analysis include aging grid infrastructure,
easy fuel availability, increasing demand for clean energy, and need for green
energy. The power generation trends are shifting towards microturbines on green
energy generation, due to increasing demand for cogeneration application along
with producing heat for industrial & commercial or residential activities.
Prominent
Market Players
Some key
players in the global microturbine market include Bladon Jets (Isle of Man),
Ansaldo Energia S.P.A (Italy), Brayton Energy LLC. (USA), FlexEnergy, Inc. (the
USA), Toyota Motor Corporation (Japan), Capstone Turbine Corporation (USA),
Microturbine Technology BV (the Netherlands), Calnetix Technologies LLC (USA),
ICR Turbine Engine Corporation (USA), Eneftech Innovation SA (Switzerland), and
Wilson Solarpower Corporation (USA).
Segmental
Analysis
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.
Global Micro Turbine Regional Market 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.
In Europe,
due to investments in new technology and environmental restraints raised by the
government, the industry is focusing on green energy, creating a market for
microturbines. In this region, the most significant country-specific markets
are France, Germany, and the United Kingdom (UK), followed by the rest of
Europe. With industrialization and urbanization increasing in the Asia Pacific
region, the market can be expected to grow during the forecast period as
environmental concerns are being raised in this region too. The most
industrialized and hence strongest country-based
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