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Market ScenarioMicro 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.
Global Micro Turbine Market is led by North America, owing to growing awareness of carbon footprint and increased consumption of energy in the region. The U.S. dominates the North America micro turbine market, mainly driven by increased demand for alternative energy sources, and rising number of coal and nuclear power plants to be decommissioned coupled with stringent environmental regulations. In North America, retiring power plants, fluctuating weather situations, and unreliable grid operations are creating growth opportunities for micro turbines market. The region is expected to witness largest market share by 2023.
The market is expected to grow with a CAGR of around 10% during the forecast period.
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),
• Bladon Jets (Isle of Man)
• others.
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Global Micro Turbine Market
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.
Table of Content
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Shunt Capacitor Market, By Application
Continue……..
Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Micro Turbine Market Research Report – Forecast to 2023”
List of Tables
Table 1 Global Shunt Capacitor Market, By Application
Table 2 Global Shunt Capacitor Market, By Power Rating
Table 3 Global Shunt Capacitor Market, By End-Use
Table 4 Global Shunt Capacitor Market, By Region
Table 5 North America Shunt Capacitor Market, By Application
Continue……
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