Report Description
Microturbines
is actually a small power generators which is used to produce electrical power
by burning gaseous and liquid fuels. By combusting these fuels, microturbines
rotates their turbine shaft in high speed, which then transforms into an
electrical generator for producing electrical power. Microturbines can be
operated by the fuels including natural gas, kerosene, sour gases, gasoline,
diesel, biogas, heating oil, etc. Microturbines are designed as they combine
the authenticity of an aircraft’s auxiliary power system along with the
manufacturing economics of a turbocharger.
Microturbine systems are basically air cooled with some designs, using air
bearings. Therefore, these turbines doesn’t need both oil and water systems which
are commonly used in reciprocating engines.
The
micro gas turbine market size is projected to reach US$ 444.6 million by 2028,
from US$ 215.32 million in 2020, at a CAGR of 9.49% during 2021-2028.
In
terms of production, this report talks the micro gas turbine production
capacity, value, ex-factory price, growth rate, market share by manufacturers,
regions (or countries) and by Type.
In
terms of consumption, this report focuses on the consumption of micro gas
turbine market by regions (countries) and by Application.
The
global micro gas turbine market is thoroughly, accurately, and comprehensively
assessed in the report with a large focus on market dynamics, market
competition, regional growth, segmental analysis, and key growth strategies.
Buyers of the report will have access to verified market figures, including
global market size in terms of revenue and volume. As part of production
analysis, the authors of the report have provided reliable estimations and
calculations for global revenue and volume by Type segment of the micro gas
turbine market. These figures have been provided in terms of both revenue and
volume for the period 2016-2028. Additionally, the report provides accurate
figures for production by region in terms of revenue as well as volume for the
same period. The report also includes production capacity statistics for the
same period.
Geographic Segmentation
The
report offers exhaustive assessment of different region-wise micro gas turbine
market such as North America, Europe, Asia Pacific, Middle east, Africa, Latin
America. Key countries covered in the report are U.S., Canada, Germany, France,
U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan,
Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey,
Saudi Arabia, U.A.E
For
the period 2016-2028, the report provides country-wise revenue and volume sales
analysis and region-wise revenue and volume analysis of the micro gas turbine
market. For the period 2020-2028, it provides sales (consumption) analysis and
forecast of different regional markets by each application as well as type
segment in terms of volume.
Manufacturers
The
report includes comprehensive company profiling of leading and emerging
companies competing in the global micro gas turbine market. It provides a
detailed list of players operating at a global level. The players have been
listed according to the type of products they offer in the global micro gas
turbine market and other factors. As part of the company profiling, the
analysts authoring the report has provided the market entry year of each player
considered for the research study. The report also offers extensive price,
volume sales, and revenue analysis by the manufacturer at the global level for
the period 2016-2028.
By Type and Application
Segments
The
report includes a detailed analysis of leading companies and type and
application segments of the global micro gas turbine market. All the segments
covered in the report are broadly analyzed based on some deciding factors like
various growth drivers and opportunities in the market. The segmental analysis
section of the report offers revenue sales analysis and forecast of the global
micro gas turbine market by each type segment for the period 2016-2028. It also
offers volume sales (consumption) analysis and forecast of the micro gas
turbine market by each type segment for the same period. Also, it provides
volume sales (consumption) analysis and forecast of the global micro gas
turbine market by each application segment for the same period.
By
Application:
·
Combined Heat and Power (CHP)
·
Standby Power
By End-User:
·
Industrial
·
Commercial
·
Residential
By
Power Rating:
·
12 kW–50 kW
·
50 kW–250 kW
·
250 kW–500 kW
By
Region:
·
North America
o The
U.S.
o Canada
o Mexico
·
Europe
o Germany
o The
U.K.
o Russia
·
Asia Pacific
o Australia
o China
o Malaysia
o Central
& South America
o Brazil
o Colombia
·
Middle East and Africa
·
South America
This report includes the
following manufacturers:
·
Capstone Turbine (US)
·
Ansaldo Energia (Italy)
·
Toyota Turbine and Systems (Japan)
·
Bowman (UK)
·
Bladon Jets (UK)
·
Brayton Energy (US)
·
FlexEnergy (US)
·
Eneftech Innovation (Switzerland)
·
Aurelia (Finland)
·
ICRTec (US)
·
MIT (The Netherlands)
·
Turbo Tech (India)
·
247Solar (US).
Research Methodology
To
compile the detailed study of the global micro gas turbine market, a robust
research methodology has been adopted that aids in determining the key insights
and also evaluates the growth prospects of the micro gas turbine market. Data
Insights Partner Research analysts have conducted in-depth primary and
secondary research to obtain crucial insights into the micro gas turbine
market. To carry out secondary research, the analysts have collected the
information through company annual reports, journals, company press releases,
and paid databases that were referred to gain and identify better opportunities
in the global market.
Salient Features:
Ø
This study
offers comprehensive yet detailed analysis of the micro gas
turbine market, size of the
market (US$ Bn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2021-2028, taking into account 2020 as the base year
Ø
It explains
upcoming revenue opportunities across various market segments and attractive
matrix of investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market
opportunities, restraints, drivers, competitive market strategies of leading
market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the global micro gas turbine is done by taking into account various parameters such
as company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The global
market for micro gas turbine caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for micro
gas turbine market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the micro gas turbine market
v
Identification
of key factors driving investment opportunities in the micro gas
turbine market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants