Microturbines Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction

Microturbines are small ignition turbines just about the size of a refrigerator with output of range from 25 kW to 500 kW. They are developed for automotive and truck turbochargers, small jet engines and supplementary power units for airplanes. It encompasses combustor, alternator, turbine, compressor, and generator. Microturbines offer various impending advantages when compared to other technologies and techniques for small-scale power generation. These advantages include small light-weight, compact size, lower electricity costs, greater efficiency, lower emissions, and occasions to make use of waste fuels. 

Market Dynamics

Major market drivers comprises of cost effective solutions for power generation, innovative technologies, and others. Falling oil & gas prices can adversely affect the growth of this market. The Microturbines market is set to grow, due to rising acceptance of combined heat and power (CHP), increasing efforts to reduce global greenhouse gas release, and increasing demand for clean energy, globally. In addition, replacement of phased-out nuclear & coal plants are also expected to fuel the Microturbines market in near future.

Market Classification and Overview

The market can be bifurcated on the basis of application, end-user, rated capacity, and geography. By application, microturbines market can be classified into combined heat and power (CHP), standby power. By end-user, microturbines market can be categorized into industrial, commercial, residential. By rated capacity, microturbines market can be segmented as 12–50 kW, 50–250 kW, 250–500 kW, and among others. On the basis of geography, the microturbines market can be segmented in North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.

Report Coverage

Market Participants

Some of the major players involved in microturbines market include Capstone Turbine Corporation, FlexEnergy, Bladon Jets, and Ansaldo Energia among others.

Market Segmentation

Market By Application

• Combined Heat and Power (CHP)
• Standby Power

Market By End-User

• Industrial
• Commercial
• Residential

Market By Rated Capacity

• 12–50 kW
• 50–250 kW
• 250–500 kW

Market By Geography

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Chile
  • Rest of LATAM
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of MEA