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Micro turbine is a relatively new distributed generation technology being used for stationary energy generation applications. It is a type of combustion turbine that produces both heat and electricity on a relatively small scale.
Currently, some companies in the world can produce micro turbine product, mainly concentrating in USA. The main market players are Capstone Turbine, Ansaldo Energia, FlexEnergy, IHI, etc. Capstone Turbine is a global leader of this industry, with global sales market share of 71.07% in 2015. The global production of micro turbine decreased from 765 units in 2011 to 394 units in 2015, with an average growth rate of -47.88%. The one reason for the decreasing situation is the backward technology for produce micro turbine.
Market Analysis and Insights: Global Micro Turbine Market
The global Micro Turbine market was valued at US$ 71 in 2020 and will reach US$ 83 million by the end of 2027, growing at a CAGR of 2.8% during 2022-2027.
Global Micro Turbine Scope and Market Size
The global Micro Turbine market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Micro Turbine market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
12 kW-50 kW
50 kW-250 kW
250 kW-600 kW
Others
Segment by Application
Oil, Gas & Other Natural Resources
Commercial Building
Landfill
Transportation
The Micro Turbine market is analysed and market size information is provided by regions (countries). Segment by Application, the Micro Turbine market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
Capstone Turbine
Ansaldo Energia
FlexEnergy
IHI
Currently, some companies in the world can produce micro turbine product, mainly concentrating in USA. The main market players are Capstone Turbine, Ansaldo Energia, FlexEnergy, IHI, etc. Capstone Turbine is a global leader of this industry, with global sales market share of 71.07% in 2015. The global production of micro turbine decreased from 765 units in 2011 to 394 units in 2015, with an average growth rate of -47.88%. The one reason for the decreasing situation is the backward technology for produce micro turbine.
Market Analysis and Insights: Global Micro Turbine Market
The global Micro Turbine market was valued at US$ 71 in 2020 and will reach US$ 83 million by the end of 2027, growing at a CAGR of 2.8% during 2022-2027.
Global Micro Turbine Scope and Market Size
The global Micro Turbine market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Micro Turbine market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
12 kW-50 kW
50 kW-250 kW
250 kW-600 kW
Others
Segment by Application
Oil, Gas & Other Natural Resources
Commercial Building
Landfill
Transportation
The Micro Turbine market is analysed and market size information is provided by regions (countries). Segment by Application, the Micro Turbine market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
Capstone Turbine
Ansaldo Energia
FlexEnergy
IHI
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
