Growing clean electricity demand coupled with growing concern for reducing carbon footprint and the aging grid infrastructure, will boost the global micro turbine market over the forecast period. Micro turbines are used as an alternative energy source for power generation. They are widely known for their function of cogeneration of heat and power.

Micro turbines are widely accepted across the world in the industrial & commercial sectors owing to growing demand of combined heat and power in industries such as, oil & gas, construction, pharmaceutical, manufacturing, waste water treatment, and mining among others.

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The factors aiding the growth of global microturbine market include aging grid infrastructure, easy fuel availability, increasing demand for clean energy, and need for green energy. The power generation trends are shifting towards microturbines on green energy generation, due to increasing demand for cogeneration application along with producing heat for industrial & commercial or residential activities.

Segmentation

The market has been analyzed based on application, power rating, end-user and region.

On the basis of application, the global micro turbine market has been segmented as cogeneration, and standby power.

Based on power rating, it is classified as 12 kW -50 kW, 50 kW-250 kW, 250 kW-500 kW.

Based on end-user, it is further classified as industrial, commercial, and residential.

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Asia-Pacific region is expected to dominate the market

North America led the global micro turbine market, owing to increased consumption of energy and growing awareness of carbon footprint in the region. The U.S. dominated the North America micro turbine market, due to several potential advantages over other technologies for small-scale generation. The shale gas activities in the U.S., Canada, and Mexico is expected to contribute in the development of micro turbine market in the region.

Key Players

The key players of the global micro turbine market are Capstone Turbine Corporation (U.S.), FlexEnergy, Inc. (U.S.), Ansaldo Energia S.p.A (Italy), and Brayton Energy LLC. (U.S.), Eneftech Innovation SA (Switzerland), Microturbine Technology BV (the Netherlands), Wilson Solarpower Corporation (U.S.), ICR Turbine Engine Corporation (U.S.), Calnetix Technologies LLC (U.S.), Toyota Motor Corporation (Japan), and Bladon Jets (Isle of Man) among others.

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