Pune, India, Aug 18, 2017 /MRFR Press Release/- Market research future published a half cooked research report on global micro turbine market. The micro turbine market is expected to grow over the CAGR of around 10.0% during the period 2022 to 2030.
Market Highlights
With the increasing electrical grid modernization, network upgradations, rising fuel prices, and growing energy demand, there is a need for alternative energy sources. Micro turbines are used for cogeneration and as standby power source, which is projected to witness significant demand in the next five years. The increasing need of reliable electric supply and subsequent investment in producing new generation capacity, high productivity, and low carbon discharge features will attribute towards the growth of gas turbine market.
The need for producing green energy and high reliability on alternative energy sources, is driving the global micro turbine market.
Drivers
Market Research AnalysisThe cogeneration segment holds the largest share of micro turbine market currently and is expected to continue in the forecast period. Industries are trying to generate their own energy and heat for industrial processes, thereby reducing the dependence on grid power and save energy costs. Cogeneration application is the largest market for micro turbine as it helps reduce carbon emissions by reducing the use of fossil fuels, and produce clean energy. Micro turbine market is projected to have significant growth due to increasing energy demand, rising concerns and strict environmental regulations.
GLOBAL MICRO TURBINE MARKET 2017-2023
Scope of the ReportThis study provides an overview of the global micro turbine market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global micro turbine market by its power rating, application, by end-user and by region.
By Application
- Cogeneration
- Standby Power
By Power Rating
- 12 kW -50 kW
- 50 kW-250 kW
- 250 kW-500 kW
By End-User
- Industries
- Commercial
- Residential
By Regions
- North America
- Asia-Pacific
- Europe
- Rest of the World
Key PlayersThe 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
Access Complete Report @ https://www.marketresearchfuture.com/reports/micro-turbine-market-4099
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Report details
| Companies Covered | 15 |
| Pages | 111 |
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