Microturbine Market Analysis & Technological Innovations by Leading Key Players Forecast to 2027
The global microturbine market is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Fortune Business Insights™ in its latest report published this information. The report is titled "Micro Turbines Market Size, Share And Industry Analysis By Application (Standby Power, Combined Heat and Power (CHP)), By Power Rating (Up to 50 kW, 51 kW to 100 kW, 100 kW to 200 kW, Above 200 kW), By End User (Residential, Commercial, Industrial) And Regional Forecast, 2019-2026". The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period. It also offers an exclusive insight into various details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies.
The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other microturbine market trends. The report is available for sale on the company website.
List of Top Key Players Mentioned:
- Capstone Turbine Corporation
- Bladon Micro Turbine
- UAV Turbine
- Ansaldo Energia
- Aurelia Turbine
- MTT Microturbine
- FlexEnergy Inc.
- ICR Turbine Engine Corporation
- Dresser-Rand
- Turbo Tech Precision Engineering Pvt., Ltd.
- Brayton Energy, LLC
“Increasing Focus on Green Energy Generation Escalates Demand for Microturbines”
“The growing concerns over Green House Gas (GHG) emissions and energy efficiency are acting as potential growth enablers in the market,” stated a lead analyst at Fortune Business Insights. “Microturbines have the ability to offer stable and reliable power as compared to the reciprocating engine, which makes it an ideal option for several industries to adopt,” he added.
Driven by the rising demand for clean energy, microturbines are used as the best source for clean energy generation. The poor grid infrastructure and wide availability of fuel are contributing to the growth of the market. Improved reliability and reduced costs of power generation are likely to augment demand for microturbines. Moreover, microturbine systems can be easily installed than conventional power plants and can avoid the risk of any probable losses.
Over the years, microturbine has emerged as a breakthrough development in CHP application. The exhaust heat produced by microturbine can be recovered with the help of a heat recovery boiler and overall efficiency can be increased. Growing environmental concerns such as high pollution levels and global warming are likely to fuel demand for CHP plants, which is driving the market.
Regional Analysis for Microturbine Market:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Major Table of Contents for Microturbine Market:
- Introduction
- Executive Summary
- Market Dynamics
- Key Microturbine Market Insights
- Global Market Analysis, Insights and Forecast, 2015-2026
- North America Market Analysis, Insights and Forecast, 2015-2026
- Europe Market Analysis, Insights and Forecast, 2015-2026
- Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
- The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
- Latin America Market Analysis, Insights and Forecast, 2015-2026
- Competitive Landscape
- Global Microturbine Market Revenue Share Analysis, By Key Players, 2020
- Company Profiles
- Conclusion