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Global Microturbine Market: By Power Rating; By Application: Standby Power, Combined Heat and Power (CHP); By End Use: Commercial, Industrial, Residential, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Microturbine Market Outlook

The global microturbine market attained USD 219 million in 2020. The market is projected to grow at a CAGR of 8.5% between 2021 and 2026, to reach USD 360 million by 2026.

 

Growing Emphasis on Clean Energy Generation to Boost the Market Growth of Microturbine

There has been an increased emphasis on the generation of energy from renewable and non-polluting sources over the last decade. In addition to the adverse effects of global warming, several climate change agreements have been adopted. High levels of greenhouse gas emissions such as carbon dioxide (CO2) and carbon monoxide contribute to the use of fossil sources, including crude oil, coal and natural gas (CO). Compared to fossil fuels, microturbines emit very low emissions in terms of sulfur oxide (SO) and nitrogen oxide (NO) concentrations, leading to its increasing adoption. The largest market for microturbines is North America, followed by Europe and Asia-Pacific. In recent years, the US has accounted for the majority share in the North American region. In this region, ageing power plants and recurrent natural disasters have created tremendous growth opportunities for the demand for microturbines.

 

Microturbine: Industry Definition and Segmentation

Microturbines are mini combustion turbines that normally control an electric engine on gaseous or liquid fuels. The production of the microturbine was accelerated by the design resemblance to a large turbine that provides the engineering basis. Natural gas, other gaseous liquids, waste heat from a thermal power plant, and liquid petroleum fuels are the fuels used to service the microturbine.

By power rating, the market is divided into:

  • 12 kW-50 kW
  • 50 kW-250 kW
  • 250 kW-500 kW
  • Others

On the basis of application, the market is segmented into:

  • Standby Power
  • Combined Heat and Power (CHP)

Based on end use, the market is divided into:

  • Commercial
  • Industrial
  • Residential
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Technological Advancements to Boost the Market Growth of Microturbine

The potential of microturbine systems to run on different fuels is one of the most important industry factors. The use of materials, including thermal barrier coatings and ceramics, enhances the performance of microturbine systems and ultimately raises the working temperature of the engine. It is predicted that such technological advances in microturbines would strengthen the industry further. Hybrid electric cars boost the maximum requirement for microturbines with low power ratings. Due to major OEMs increasingly investing in R&D activities to increase the performance of microturbines, the market is expected to gain momentum in the near future. Moreover, in order to achieve profitable electricity production and supply, both power generation plants and customers are constantly looking for cost-effective operations.

 

Key Industry Players in the Global Microturbine Market

The report gives a detailed analysis of the following key players in the global microturbine market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Ansaldo Energia S.p.A.
  • Capstone Turbine Corporation
  • Brayton Energy, LLC
  • Bladon Jets Holdings Limited
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Microturbine Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Microturbine Historical Market (2016-2020) 
    8.3    Global Microturbine Market Forecast (2021-2026)
    8.4    Global Microturbine Market by Power Rating
        8.4.1    12 kW – 50kW
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    50 kW – 250 kW
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    250 kW – 500 kW
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Others
    8.5    Global Microturbine Market by Application
        8.5.1    Standby Power
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Combined Heat and Power (CHP)
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Microturbine Market by End Use
        8.6.1    Commercial
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Industrial
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Residential
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Others
    8.7    Global Microturbine Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country Kingdom
            9.2.3.1    United 
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Ansaldo Energia S.p.A.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Capstone Turbine Corporation
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Brayton Energy, LLC
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Bladon Jets Holdings Limited
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
    12.2.5    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Microturbine Market: Key Industry Highlights, 2016 and 2026
2.    Global Microturbine Historical Market: Breakup by Power Rating (USD Billion), 2016-2020
3.    Global Microturbine Market Forecast: Breakup by Power Rating (USD Billion), 2021-2026
4.    Global Microturbine Historical Market: Breakup by Application (USD Billion), 2016-2020
5.    Global Microturbine Market Forecast: Breakup by Application (USD Billion), 2021-2026
6.    Global Microturbine Historical Market: Breakup by End Use (USD Billion), 2016-2020
7.    Global Microturbine Market Forecast: Breakup by End Use (USD Billion), 2021-2026
8.    Global Microturbine Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Microturbine Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Microturbine Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Microturbine Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Microturbine Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Microturbine Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Microturbine Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Microturbine Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Microturbine Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Microturbine Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Microturbine Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Microturbine Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Global Microturbine Market Structure

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