Microturbines Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2025

Microturbines Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2025

  • Transparency Market Research
  • April 2018
  • Power
  • 236 pages

Report Description

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Microturbines Market – Overview

Microturbines can be described as a small scale power generating equipment that produce electrical power by burning either gaseous or liquid fuels. The combustion of these fuels in the turbine produces high speed rotation of the turbine shaft, which then turns an electrical generator for producing electrical power. Microturbines can work using an array of liquid and gaseous fuels including natural gas, biogas, sour gases, gasoline, diesel, kerosene, and heating oil. Microturbines operate at high speeds and are mainly used for power generation or for CHP (combined heat and power) applications similar to gas turbines. They have low emission combustion systems, whose emission performance is comparable to that of larger gas turbines. Microturbines also have an uptime of around 99% with potential for reduced maintenance and are highly reliable and durable for generating continuous and high quality power.

Aging power infrastructure and poor grid connectivity in several parts of the world are expected to increase demand for on-site power generation around the globe. This, in turn, is anticipated to increase demand for microturbinesglobally. Moreover, microturbine systems can be installed in a much easier way in comparison to complex conventional power plants and can produce low-cost energy from much cleaner sources. Microturbine installations also enjoy incentives from governments and regulatory authorities. However, microturbines suffer from low fuel-to-electric efficiency, which is a major restraint for the market.

This report analyzes and forecasts the market for microturbines at the global and regional level. The market has been forecast based on revenue (US$ Mn) from 2017 to 2025, considering 2016 as the base year. The study includes drivers and restraints of the global microturbines market. It also covers impact of these drivers and restraints on demand for microturbines during the forecast period. The report also highlights opportunities in the microturbines market at the global and regional level.

The report includes detailed value chain analysis, which provides a comprehensive view of the global microturbines market. Porter’s Five Forces model for the microturbines market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein power rating, application, and end-user are benchmarked based on their market size, growth rate, and general attractiveness.

Microturbines Market- Segmentation

The study provides a decisive view of the global microturbines market by segmenting it in terms of power rating, application, and end-user. In terms of power rating, the microturbines market can be classified into 12-50 KW, 51-250 KW, and above 250 KW. Based on application, the microturbines market can be divided into CHP and standby power applications. In terms of end-user, the market can be segmented into residential, commercial and industrial. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for microturbines in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides the actual market size of microturbines for 2016 and estimated market size for 2017, with forecast for the next eight years. The global market for microturbines has been provided in terms of revenue. Market revenue has been defined in US$ Thousand. Market numbers have been estimated based on power rating, application, and end-user of microturbines. Market size has been provided in terms of global, regional, and country level market.

The report comprises profiles of major companies operating in the global microturbines market. Key players in the microturbines market are Capstone Turbine Corporation, Bowman, Ansaldo Energia, Flexenergy, Bladon Jets, Brayton Energy, ICR Turbine Engine Corporation (ICRTec), 247solar, TurboTech Precision Engineering Pvt. Ltd., Micro Turbines Technology BV, and Aurelia Turbines Oy. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.

The global microturbines market has been segmented as follows:

Microturbines Market, by Power Rating

  • 12–50 KW
  • 51–250 KW
  • Above 250 KW

Microturbines Market, by Application

  • CHP (Combined Heat & Power)
  • Standby Power

Microturbines Market, by End-user

  • Residential
  • Commercial
  • Industrial

Microturbines Market: Regional Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Australia
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of Middle East & Africa

 

Key Takeaways

  • The bove 250 KW power rating segment holds a dominant share due to its high demand from industrial and heavy commercial end-users
  • The increasing end-consumer awareness about CHP opportunities is also likely to boost to the microturbines market
  • Recovering oil & gas industry and rising demand for on-site power generation along with increasing CHP opportunities are expected to drive the microturbines market in the near future
  • The industrial end-user segment is anticipated to expand at a significant rate during the forecast period
  • CHP is the major application segment for microturbines
  • North America is anticipated to dominate the market during the forecast period
  • The market in Asia Pacific is expected to expand at the significant rate during the forecast period 

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Table of Content

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Secondary Sources and Acronyms Used
2.3. Research Methodology

3. Executive Summary
3.1. Market Snapshot
3.2. Top Trends

4. Market Overview
4.1. Product Overview
4.2. Key Industry Developments
4.3. Market Indicators

Table 01: Global Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
Table 02: Global Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
Table 03: Global Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
Table 04: Global Microturbines Market Value (US$ Thousand) Forecast, by Region, 2016–2025
Table 05: North America Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
Table 06: North America Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
Table 07: North America Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
Table 08: North America Microturbines Market Revenue (US$ Mn) Forecast, by Country, 2016–2025
Table 09: U.S. Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
Table 10: U.S. Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
Table 11: U.S. Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
Table 12: Canada Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
Table 13: Canada Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
Table 14: Canada Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
Table 15: Europe Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
Table 16: Europe Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
Table 17: Europe Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
Table 18: Europe Microturbines Market Revenue (US$ Mn) Forecast, by Country/Sub-region, 2016–2025
Table 19: Germany Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
Table 20: Germany Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
Table 21: Germany Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
Table 22: France Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
Table 23: France Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
Table 24: France Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
Table 25: U.K. Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
Table 26: U.K. Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
Table 27: U.K. Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
Table 28: Spain Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
Table 29: Spain Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
Table 30: Spain Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
Table 31: Italy Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
Table 32: Italy Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
Table 33: Italy Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
Table 34: Rest of Europe Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
Table 35: Rest of Europe Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
Table 36: Rest of Europe Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
Table 37: Asia Pacific Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
Table 38: Asia Pacific Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
Table 39: Asia Pacific Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
Table 40: Asia Pacific Microturbines Market Revenue (US$ Mn) Forecast, by Country, 2016–2025
Table 41: Australia Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
Table 42: Australia Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
Table 43: Australia Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
Table 44: China Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
Table 45: China Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
Table 46: China Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
Table 47: Japan Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
Table 48: Japan Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
Table 49: Japan Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
Table 50: India Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
Table 51: India Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
Table 52: India Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
Table 53: ASEAN Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
Table 54: ASEAN Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
Table 55: ASEAN Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
Table 56: Rest of Asia Pacific Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
Table 57: Rest of Asia Pacific Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
Table 58: Rest of Asia Pacific Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
Table 59: Middle East & Africa Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
Table 60: Middle East & Africa Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
Table 61: Middle East & Africa Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
Table 62: Middle East & Africa Microturbines Market Revenue (US$ Mn) Forecast, by Country/Sub-region, 2016–2025
Table 63: GCC Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
Table 64: GCC Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
Table 65: GCC Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
Table 66: South Africa Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
Table 67: South Africa Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
Table 68: South Africa Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
Table 69: Rest of Middle East & Africa Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
Table 70: Rest of Middle East & Africa Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
Table 71: Rest of Middle East & Africa Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
Table 72: Latin America Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
Table 73: Latin America Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
Table 74: Latin America Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
Table 75: Latin America Microturbines Market Revenue (US$ Mn) Forecast, by Country/Sub-region, 2016–2025
Table 76: Brazil Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
Table 77: Brazil Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
Table 78: Brazil Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
Table 79: Mexico Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
Table 80: Mexico Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
Table 81: Mexico Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
Table 82: Rest of Latin America Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
Table 83: Rest of Latin America Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
Table 84: Rest of Latin America Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025

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