MARKET INTRODUCTION
The micro turbines are small gas turbines ranging from 25 to 500 kilowatt, which are used for stationary energy generation. These turbines offer various advantages over other small-scale power technologies such as lightweight, compact size, and a small number of moving parts. Also, micro turbines exhibit greater efficiency and lower emissions. With surging demands for electricity across the globe and investment in power plants, the market for micro turbines is expected to increase in the coming years.
MARKET DYNAMICS
The micro turbines market is anticipated to grow in the forecast period owing to driving factors such as shifting focus in the generation of clean energy and increasing global demand for energy. On the other hand, low electrical efficiency may harm the growth of the micro turbines market during the forecast period. Nonetheless, the micro turbines market is likely to showcase opportunities in the future with the replacement of phased-out nuclear and coal plants.
MARKET SCOPE
The "Global Micro Turbines Market Analysis to 2028" is a specialized and in-depth study of energy and power industry with a special focus on the global market trend analysis. The report aims to provide an overview of micro turbines market with detailed market segmentation by power rating, application, end user and geography. The global micro turbines market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading micro turbines market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global micro turbines market is segmented on the basis of power rating, application, and end user. Based on power rating, the market is segmented as 12-50 kW, 50-250 kW, and 250-500 kW. On the basis of the application, the market is segmented as standby power and combined heat & power. The market on the basis of the end user is classified as commercial, industrial, and residential.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global micro turbines market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The micro turbines market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting micro turbines market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the micro turbines market in these regions.
MARKET PLAYERS
The reports cover key developments in the micro turbines market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from micro turbines market are anticipated to lucrative growth opportunities in the future with the rising demand for micro turbines in the global market. Below mentioned is the list of few companies engaged in the micro turbines market.
The report also includes the profiles of key micro turbines companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Ansaldo Energia S.p.A.
- Aurelia Turbines Oy
- Bladon Micro Turbine
- Brayton Energy, LLC
- Capstone Turbine Corporation
- Flex Energy Solutions
- ICR Turbine Engine Corporation
- Micro Turbine Technology B.V.
- Toyota Motor Corporation
- TurboTech Precision Engineering Pvt. Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.