Expert Market Research Explores the Top 5 Companies in the Global Microturbine Market

The global microturbine market reached a value of about USD 219 million in 2020. The industry is further expected to grow at a CAGR of about 8.5% in the forecast period of 2021-2026, to reach USD 360 million by 2026. As per the analysis by Expert Market Research, the market is expected to be driven by the potential of microturbine systems to run on different fuels.

The use of materials such as thermal barrier coatings and ceramics improves the performance of microturbine systems and, as a result, increases the engine's working temperature. Such technical advancements in microturbine are expected to strengthen the industry even more. As a result, the market will likely gain momentum in the near future, with the increased investment in research and development activities by major OEMs to improve microturbine performance. Furthermore, both power generation plants and customers are constantly looking for cost-effective operations to achieve profitable electricity production and supply.

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Over the few years, there has been a greater emphasis on generating energy from renewable and non-polluting sources. As a result, several climate change agreements have been adopted, in addition to the negative repercussions of global warming. Microturbines emit very low levels of sulphur oxide and nitrogen oxide compared to fossil fuels, which is why they are becoming more popular. North America is the largest market for microturbines, followed by Europe and the Asia Pacific. In recent years, the United States has taken the lead in the North American region. Ageing power plants and frequent natural calamities have created tremendous growth opportunities for microturbine demand in this region.

Top 5 Global Microturbine Companies:

Ansaldo Energia S.p.A.

Headquarters: Genoa, Italy
Establishment: 1853
Website: https://www.ansaldoenergia.com/

Ansaldo Energia is a full-service provider with a diverse portfolio of heavy-duty gas turbines, providing complete maintenance solutions on power generation plants and rotating equipment. Ansaldo Energia employs about 4,500 people and has 218,000 MW of installed capacity in 90 countries. At present, Ansaldo Energia SpA is 88% owned by Cdp Equity in the Cassa Depositi e Prestiti Group, and 12% by Shanghai Electric.

Capstone Green Energy

Headquarters: Van Nuys, California, United States
Establishment: 1988
Website: https://www.capstonegreenenergy.com/

Capstone Green Energy is a provider of customised microgrid solutions and on-site energy technology systems, assisting customers worldwide in meeting their environmental, energy savings, and resiliency goals. In addition, Capstone Green Energy offers a variety of hydrogen products through Hydrogen Energy Solutions, including the company's microturbine energy system. Capstone has shipped over 10,000 units to 83 countries, saving customers USD 217 million in annual energy expenses and 3,97,000 tons of CO2 in FY21. Over the last three years, total carbon savings of 1,115,100 tons and yearly energy savings of USD 698 million have been estimated.

Brayton Energy

Headquarters: Hampton, New Hampshire, United States
Establishment: 2004
Website: https://www.braytonenergy.net/

Brayton Energy is a research and development company focused on making significant advances in ecologically responsible, sustainable energy production. The company specialises in microturbines, turbomachinery, heat exchangers, gas turbines, prototyping, laboratory testing, modelling, and analysis.

Bladon Micro Turbine

Headquarters: Coventry, United Kingdom
Establishment: 2002
Website: https://www.bladonmt.com/

Bladon is a pioneer in the development, design, and production of Micro Turbine Gensets (MTGs), which combine high-speed, ultra-reliable, and clean-burning microturbines with patented air-bearing and heat exchanger technologies to transform distributed power generation. Bladon's MTG provides an ultra-low total cost of ownership in distributed power generation.

Flex Energy Solutions

Headquarters: Portsmouth, United States
Establishment: 2010
Website: https://www.flexenergy.com/

Flex Energy Solutions is a company that develops, manufactures, leases, and sells cutting-edge gas turbine systems that produce continuous clean energy and heat. Flex Turbines can run on various fuel gases, including low-quality biogas, pipeline-quality natural gas, oilfield-associated gas, and overhead gas. The company specialises in gas turbines, heat exchangers, oilfield power, and biogas.