Micro Turbines Market by 2022 Comprehensive Understanding of the Global Market and Its Commercial Landscape

The 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 micro turbines market is expected to grow from an estimated USD 159.7 Million in 2017 to USD 251.0 Million by 2022, at a CAGR of 9.46%, during the forecast period. The market is set to grow due to increasing efforts to reduce global greenhouse gas emissions, growing adoption of combined heat and power (CHP), and increasing demand for clean energy worldwide.

Browse 70 Market Data Tables and 36 Figures spread through 132 Pages and in-depth TOC on "Micro Turbines Market - Global Forecast to 2022"

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The combined heat and power segment is expected to hold the largest share of the micro turbines market, by application, during the forecast period.

Micro turbines find application mainly in CHP plants. The global market, in terms of value, for micro turbines used in CHP-based applications was the highest and it accounted for a major share of the total market. Cogeneration or CHP is highly efficient and can achieve primary energy savings of nearly 40%. Moreover, they are installed close to the end-user, which helps in reducing T&D losses. They also have lower total emissions since the exhaust is utilized for other operational purposes. Thus, CHP application segment leads the micro turbines market.

The 50–250 kW power rating segment is expected to be the largest segment of the micro turbines market in 2017

The report segments the micro turbines market, on the basis of rated capacity, into 12–50 kW, 50–250 kW, and 250–500 kW. The 50–250 kW micro turbines have been widely accepted in the past few years. Capstone Turbine, Ansaldo, and FlexEnergy are the major providers of these micro turbines in the global market. The market for the 50–250 kW rated micro turbines will be driven by the many upcoming CHP-based power plants in Asia Pacific and North America. The replacement of old coal-fired power generation capacity in the US with new large capacity gas-fired power plants will also boost the market.

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North America: Expected to be the leading market for micro turbines during the forecast period.

In this report, the micro turbines market has been analyzed with respect to 4 regions, namely, North America, Europe, Asia Pacific, and the rest of the world. The market in North America is expected to continue leading the market. Urbanization, industrialization, and fast economic growth have led to an increase in the demand for electric power.  To meet this growing demand aging infrastructure is being replaced with new power plants, especially gas-fired ones, which use micro turbines.

Scope of the Report:

By Application:

·         Combined Heat and Power (CHP)

·         Standby Power

By End-User:

·         Industrial

·         Commercial

·         Residential

By Rated Capacity:

·         12–50 kW

·         50–250 kW

·         250–500 kW

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Rest of the World

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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.

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.

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Suite 430
Northbrook, IL 60062
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Hybrid Power Solutions Market | What will be the Market size and the growth rate by 2021?

The report "Hybrid Power Solutions Market by System Type (Solar-Diesel, Wind-Diesel, Solar-Wind-Diesel), Power Rating (Upto 10 kW, 11 kW–100 kW, and Above 100 kW), End-User (Residential, Commercial, Telecom), and Region - Global Forecast to 2021", The hybrid power solutions market is expected to grow from an estimated USD 466.5 Million in 2016 to USD 689.5 Million by 2021, registering a CAGR of 8.1% from 2016 to 2021. The global market is witnessing significant growth due to growth in hybrid power generation in off-grid sites, reliable power generation with minimized fuel, reduced operation and maintenance cost, and reduction in carbon emission.

Browse 68 Market Data Tables and 47 Figures spread through 131 Pages and in-depth TOC on"Hybrid Power Solutions Market - Global Forecast to 2021"

Solar-diesel segment is expected to hold the largest share of the hybrid power solutions market, by system type, during the forecast period

The solar-diesel segment led the overall hybrid power solutions market in 2015. Solar-diesel systems are applicable in all types of end-users: residential, commercial, and industries like telecom, mining, and oil & gas among others. Increased applications of off-grid renewable power systems is driving the market of solar-diesel hybrid power solutions, which are being proposed at a large scale in Asia-Pacific and Africa.

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Commercial end-users are expected to hold the largest market share of the hybrid power solutions market, by end-users, during the forecast period

The commercial segment is expected to hold the largest share in the hybrid power solutions market during the forecast period. Commercial sector include hotels, resorts, schools, or hospitals located at islands or off-grid areas, which do not have grid power supply and are highly dependent on diesel generators for their power requirements. Dependence on diesel and fuel availability is a concern factor which may affect power supply in crucial moments: this creates huge opportunity for implementing hybrid power solutions in commercial sector.

The Middle East & Africa is the largest market for hybrid power solutions

In this report, the hybrid power solutions market has been analyzed with respect to four regions, namely, the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Middle East & Africa is estimated to be the largest market for hybrid power solutions till 2021. African countries have lowest electrification rate in the world, which provides a huge opportunity to implement hybrid power solutions at large scale.

Major Market Developments

·         In November 2016,  Flexenclosure launched maintenance free hybrid power system eSite x10 for telecom industry.

·         In December 2015, Electro Power Systems acquired Elvi Energy (Italy) to become market leader in integrated storage system.

·         In October 2015, SMA America partnered with Farm from a Box to develop an off-grid toolkit for food production. Toolkit comprised 10 high-efficiency solar modules, an SMA Sunny Island 6048-US off-grid inverter, SMA Sunny Boy 3000TL-US inverter with Secure Power Supply, SMA Sunny Web Box remote monitoring solution, SMA Smart former transformer and distribution box, and deep-cycle batteries for energy storage. The array is supported by a 3,000-watt generator.

Target Audience:

·         Hybrid power solutions providers

·         Solar PV panels and wind turbines manufacturers

·         Battery storage manufacturers

·         Regional renewable energy associations

·         Government organizations and research institutions

·         Consulting companies in the energy & solar sector

·         Solar and wind energy associations

·         Environmental associations

·         Investment banks

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To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the hybrid power solutions market. These players include SMA Solar Technology AG (Germany), Siemens AG (Germany), Huawei Technologies Co., LTD (China), ZTE Corporation (China), Flexenclosure AB, LTD (Sweden), and Heliocentris Energy Solutions AG (Germany) among others. Leading players are trying to penetrate the markets in rural areas of developing economies and are adopting various strategies to increase their market share.

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.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Variable Speed Generator Market to Expand at a CAGR of 7.63%, Global Key Players, Trends, Share, Industry Size, Segmentation, and Forecast to 2022

The report "Variable Speed Generator Market by Type (Permanent Magnet, Doubly Fed Induction, Self-Excitation Induction, Wound Rotor Induction), Prime Mover (Wind, Hydro, Steam & Gas Turbine, Ic Engine), Technology, Power, End-User, Region – Global Forecast to 2022 " The global variable speed generator market is projected to reach USD 8.36 billion by 2022. The variable speed generator market is expected to grow from an estimated USD 5.79 billion in 2017 to USD 8.36 billion by 2022, registering a CAGR of 7.63% during the forecast period. This growth is primarily due to the increasing emphasis on alternative energy production, increasing government mandates over energy efficiency, and growing industrialization and urbanization.

                                                                           

Browse 69 market data Tables and 36 Figures spread through 154 Pages and in-depth TOC on, “Variable Speed Generator Market – Global Forecast to 2022"

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=200865761

On the basis of end user, the renewable power generation segment is expected to hold the largest share of the market

The renewable power generation segment dominated the market in 2016 and is projected to grow at the highest CAGR during the forecast period. The most important advantage of variable speed generators in wind power generation is that they allow the turbine to increase or decrease speed as the wind speed varies as the actual power available in the wind increases three times with a single-fold increase in wind speed. Turbines, which operate within a narrow speed range, cannot effectively use wind speeds, causing the generator to exceed the synchronous speed. Therefore, in such cases, the range within which the wind power can be effectively harnessed is reduced. Variable speed generators can be loaded to maximum wind energy conversion over a wide speed range. The wind speed cube law can be used to an advantage by allowing the turbine to achieve maximum power points at various wind speeds, optimizing the turbine-generator efficiency. In concentrated solar power generation (solar thermal), the use of variable speed generators results in achieving greater plant efficiency and an expanded operating range. Above the threshold pressure, a steam turbine can produce sufficient torque to drive the rotor of the variable speed generator, increasing the capacity utilization factor of the solar thermal plant and making the project cost-effective.

The internal combustion engine segment is expected to be the fastest-growing segment of the market

With regards to the prime mover segment, internal combustion engine driven variable speed generators are expected to constitute the fastest growing market from 2017 to 2022. The market is primarily driven by the increasing investments in aerospace, marine, and shipbuilding industry. The implementation of variable speed gensets reduces the operation and maintenance cost of the internal combustion engines. These gensets have 20-30% less fuel consumption and optimal running efficiency at variable load.

Asia Pacific: A leading market for variable speed generators

In this report, the variable speed generator market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, South America, and the Middle East and Africa. Asia Pacific is expected to account for the largest market share of the global variable speed generator market in 2017. Increasing urbanization and industrialization in this region are leading to the higher demand for power. To cater to this demand and meet the energy efficiency mandates, the countries are focusing on power generation through renewable energy sources. Offshore wind forms an integral part of the renewable-based power generation. Moreover, favorable supportive schemes, investments in grid infrastructure to maximize power generation from wind, and foreign direct investment would attract investors to the wind power industry. Hence, increasing consumption of energy followed by an increase in investments in renewable energy, rapid growth of data centers, and growth of IT hubs and commercial sectors such as malls and hospitals are driving the variable speed generator market in Asia Pacific.

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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 variable speed generator market. These players include ABB (Switzerland), GE (US), Siemens (Germany), Wartsila (Finland), Cummins (US), and Rolls Royce (UK). The leading players are trying to make inroads in the markets in the developed economies and are adopting various strategies to increase their market shares.

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.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com