Micro Turbines Market 2017 Strategy Resources, Manufacturers, Growth Factor, Share, Supply and Forecast to 2022

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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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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Capstone Turbine (US) and FlexEnergy (US) are the Renowned Players in Micro Turbines Market - Report by MarketsandMarkets™

According to the new market research report "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",the global micro turbines market is expected to grow at a CAGR of 9.46%, from 2017 to 2022, to reach a market size of USD 251.0 million by 2022. Increasing demand for electric power worldwide, subsequent investments in new power generating capacity, and growing adoption of combined heat and power (CHP) are likely to drive the micro turbines market during the forecast period.

Browse and in-depth TOC on "Micro Turbines Market"

70 - Tables

36 - Figures

132 - Pages

The micro turbines market is dominated by a few major players that are established brand names with a wide regional presence. The leading players in the micro turbines industry include Capstone Turbine, Ansaldo, Flexenergy, MTT, Toyota Turbine, Brayton, Eneftech, and Bladon.

Don’t miss out on business opportunities in Micro Turbines Market. Download our PDF Brochure and gain crucial industry insights that will help your business grow:

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The commercial segment is estimated to be the fastest-growing segment of the micro turbines market, by end-user, from 2017 to 2022. This segment is being driven by the expansion of urban areas and the development of commercial trade hubs. The opportunities in the commercial sector will lead to an increase in the number of shopping malls, sports complexes, resorts, and hotels. The advancing digital economy and growth of the IT and telecommunications sector have resulted in an increase in the construction of office complexes, which demand continuous power.

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Based on application, the micro turbine market has been categorized into CHP and standby power. The CHP application market is expected to grow at the highest CAGR during the forecast period. This application is highly useful for industries such as wastewater treatment plants, breweries, rubber mills, and paper mills which require heat to drive various internal processes. CHP-generating micro turbines also provide heat to residences in colder climates such as in Europe, North America, and some parts of China. 

Based on power rating, the 50–250 kW segment is expected to grow at the highest CAGR from 2017 to 2022. This is due to the increasing need for backup power and heat in the industrial and commercial sectors. The micro turbines in this segment offer backup power along with reduced emissions, thus making the solutions as eco-friendly as possible.  The 250–500 kW rated segment is the second-fastest growing segment, based on power rating. Micro turbines with this power rating are used to generate onsite power and heat in case of unpredicted power outages at hospitals and universities, among others. The 250–500 kW rated power segment also presents promising opportunities for industrial and commercial end-users.

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Based on region, the micro turbines market in North America is projected to grow at the fastest rate from 2017 to 2022 followed by Europe and Asia Pacific. Countries such as the US and Canada are the largest markets and have increased their investments in CHP in the recent past, with micro turbines being one such technology. The US accounted for a major share of the North American market in 2016, while the Canadian market is projected to grow at the highest CAGR from 2017 to 2022. Aging power plants and frequent natural calamities have created enormous growth opportunities for the micro turbines market in North America.

About MarketsandMarkets™:

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

sales@marketsandmarkets.com

Micro Turbines Market is Set to Grow due to Growing Adoption of Combined Heat and Power (CHP), and Increasing Demand for Clean Energy Worldwide.

According to the new market research report "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", published by MarketsandMarkets™, the global micro turbines market is expected to grow at a CAGR of 9.46%, from 2017 to 2022, to reach a market size of USD 251.0 million by 2022. Increasing demand for electric power worldwide, subsequent investments in new power generating capacity, and growing adoption of combined heat and power (CHP) are likely to drive the micro turbines market during the forecast period.

Don’t miss out on business opportunities in Micro Turbines Market. Download our PDF Brochure and gain crucial industry insights that will help your business grow:

https://www.marketsandmarkets.com/pdfdownload.asp?id=150779371

The micro turbines market is dominated by a few major players that are established brand names with a wide regional presence. The leading players in the micro turbines industry include Capstone Turbine, Ansaldo, Flexenergy, MTT, Toyota Turbine, Brayton, Eneftech, and Bladon.

The commercial segment is estimated to be the fastest-growing segment of the micro turbines market, by end-user, from 2017 to 2022. This segment is being driven by the expansion of urban areas and the development of commercial trade hubs. The opportunities in the commercial sector will lead to an increase in the number of shopping malls, sports complexes, resorts, and hotels. The advancing digital economy and growth of the IT and telecommunications sector have resulted in an increase in the construction of office complexes, which demand continuous power.

Browse and in-depth TOC on "Micro Turbines Market"

70 - Tables

36 - Figures

132 - Pages

View more detailed TOC @

https://www.marketsandmarkets.com/Market-Reports/micro-turbine-market-150779371.html

Based on application, the micro turbine market has been categorized into CHP and standby power. The CHP application market is expected to grow at the highest CAGR during the forecast period. This application is highly useful for industries such as wastewater treatment plants, breweries, rubber mills, and paper mills which require heat to drive various internal processes. CHP-generating micro turbines also provide heat to residences in colder climates such as in Europe, North America, and some parts of China. 

Based on power rating, the 50–250 kW segment is expected to grow at the highest CAGR from 2017 to 2022. This is due to the increasing need for backup power and heat in the industrial and commercial sectors. The micro turbines in this segment offer backup power along with reduced emissions, thus making the solutions as eco-friendly as possible.  The 250–500 kW rated segment is the second-fastest growing segment, based on power rating. Micro turbines with this power rating are used to generate onsite power and heat in case of unpredicted power outages at hospitals and universities, among others. The 250–500 kW rated power segment also presents promising opportunities for industrial and commercial end-users.

Based on region, the micro turbines market in North America is projected to grow at the fastest rate from 2017 to 2022 followed by Europe and Asia Pacific. Countries such as the US and Canada are the largest markets and have increased their investments in CHP in the recent past, with micro turbines being one such technology. The US accounted for a major share of the North American market in 2016, while the Canadian market is projected to grow at the highest CAGR from 2017 to 2022. Aging power plants and frequent natural calamities have created enormous growth opportunities for the micro turbines market in North America.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the micro turbines market. These include Capstone Turbine (US), FlexEnergy (US), Ansaldo Energia (Italy), MTT (Netherlands), and Toyota Turbine and Systems (Japan). The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.

Browse Adjacent Markets @ Energy and Power Market Research Reports & Consulting

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.
630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

Email: sales@marketsandmarkets.com