The global micro turbines
market is projected to grow at a CAGR of 9.46%, from 2017 to 2022. This market
growth is primarily driven by the growing adoption of distributed power
generation which is power generation that is independent of the electrical
grid. The frequent power blackouts due to increased loads on electrical grids
have resulted in the rise of distributed power generation, thereby, driving the
micro turbines market.
Browse 70 Market Data Tables and 36 Figures spread
through 132 Pages and in-depth TOC on "Micro Turbines Market by Power
Rating (12–50 kW, 50–250 kW, and 250–500 kW), Application (Combined Heat and
Power and Standby Power), End-User (Industrial, Commercial, and Residential),
and Region - Global Forecast to 2022"
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TOC @
North
America will continue to be the largest market for micro turbines followed by
Europe during the forecast period. The global market is dominated by a few
players including Capstone Turbine (US), Ansaldo Energia (Italy), FlexEnergy
(US), MTT (Netherlands), and Toyota Turbine and Systems (Japan).
The
major growth strategies adopted by the key players in the micro turbines market
include new product launches and contracts & agreements, which was the most
adopted strategy between 2014 and September 2017. Industry players also adopted
mergers & acquisitions between 2014 and September 2017.
Capstone
Turbines is a leading manufacturer of clean and green micro turbines. The
company offers a complete set of micro turbine solutions from 30 kW to 1 MW of
electric power output. The company is mainly involved in the development,
manufacturing, marketing, and provision of services related to micro turbine
technology. Capstone’s micro turbine technology solutions are used in
stationary distributed power generation applications, including cogeneration
(combined heat and power), integrated combined heat and power (ICHP), combined
cooling, heat and power (CCHP), and renewable energy, natural resources and
critical power supply. Capstone also remanufactures micro turbine engines and
provides aftermarket parts and services for the same. The company markets and
sells its products internationally, mainly through distributors and original
equipment manufacturers. The company adopted contracts & agreements as one
of its key growth strategies to maintain its market position. In September
2017, the company executed a 5-year agreement with a large greenhouse operation
in Colorado, US. The firm would be installing multiple propane-fired C65 micro
turbines to provide electricity for the Colorado greenhouse.
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FlexEnergy
is one of the leading manufacturers of robust small gas turbines and turbine
generators. The company provides micro turbines through its Flex leasing
segment. These micro turbines are more suitable for remote oilfield
environments. The company acquired the Energy Systems division of
Ingersoll-Rand (US) in 2010, which included the MT250 Series micro turbine.
FlexEnergy has organized its products and services into 2 segments, Flex
turbine, and leasing. The GT250 and GT333S micro turbines fall under the
leasing/rental segment. The company has partnerships with firms such as Quad
Energy, Inc. (US), Argo Energy Solutions (Mexico), Baxter Engineering Ltd.
(Italy), and Pt Fajar Mas Murni (Indonesia). The company adopted contracts
& agreements as its key strategy. In June 2016, FlexEnergy received an
order for 3 GT333S natural gas micro turbine generators for a New York hospital
through its distributor for New York, Quad Energy.
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Suite 430
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USA : 1-888-600-6441
sales@marketsandmarkets.com
