Increasing energy demand-supply gap, rising adoption of low
emission power generation sources and need to generate power cost efficiently
are some of the factors that are accelerating the market for microturbines
globally. Further, ability to run on multiple fuels is another key factor which
is spurring the demand for microturbines Low power rating microturbines have
dominated global microturbine market, with their demand increasing on account
of increasing usage in hybrid electric vehicles. Further, R&D initiatives
towards enhancing the efficiency of microturbine is expected to provide
necessary boost to its demand. Companies such as Brayton Energy and Capstone
are the key players which are working towards developing efficient
microturbines.
According to Global Microturbine Market Forecast &Opportunities, 2019, the global microturbine market is projected to reach USD
396 million by 2019. North America and Europe are the leading microturbine
markets, accounting for majority of the share in global market. The demand for
Combined Cooling & Heating Power (CCHP) and Combined Heating & Power
(CHP) generation technologies is expected to increase significantly due to
rising concerns for global warming and depleting natural resources such as coal
and oil. The rising tariff rate of electricity and increasing energy deficit is
also forecast to propel the demand for environment-friendly technologies
including microturbine technology. The adoption of microturbine technology is
further supported by continuing technological developments to enhance the
performance characteristics of the technology with grid integrated microturbine
systems, solar-hybrid microturbine system and integrated fuel cell & microturbine
system. Presently, Capstone is the leading player in the global microturbine
market and the company is expected to continue its dominance through 2019.
Global Microturbine Market Forecast & Opportunities, 2019 discusses the
following aspects of the global microturbine market:
Global Microturbine Market Size, Share & Forecast
Segmental Analysis - By Power Output
Price Point Analysis and Drivers & Challenges
Changing Market Trends & Emerging Opportunities
Competitive Landscape & Strategic Recommendations
Why You Should Buy
This Report?
To gain an in-depth understanding of microturbine market
globally
To identify the on-going trends and anticipated growth in
the next five years
To help industry consultants, microturbine manufacturers and
distributors to align their market-centric strategies
To obtain research based business decisions and add weight
to presentations and marketing material
To avail 10% customization in the report without any extra
charges and get the research data or trends added in the report as per the
buyers specific needs
Report Methodology
The information contained in this report is based upon both
primary and secondary sources. Primary research included interviews with major
microturbine manufacturer and distributors. Secondary research included an
exhaustive search of relevant publications like company annual report,
financial reports and proprietary databases.