Micro Turbines Market Growth, Future Prospects and Competitive Analysis, 2019 – 2025

pmrplanetmarket | March 22, 2019 | 0 | Energy and Power

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Global Micro Turbines Market valued approximately USD 159 Million in 2016 is anticipated to grow with a healthy growth rate of more than 9% over the forecast period 2017-2025. Microturbines are cable to run independently or on variety of fuels like propane, biogas, diesel, and high and low pressure natural gas. Government support for greener solutions, increasing demand for reliable power, heavy investments by financial institutions, and availability of fuel are the key drivers for the growth of the global micro turbines market during the anticipated period. However, falling gas and oil prices is the major restraining factor of the market growth

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Distributed power generation is attaining importance in developing and developed countries. The micro turbine is reinforced by the policies and incentives for promotion expansion. It has less payback time from the investment comparative to the other technologies. Various advantages include connection flexibility, ability to deliver stable and reliable power, capability to work in parallel for larger loads, and less emissions from the other technologies. Big turbines are different from Microturbines which are based on their compression temperatures and combustion ratio. It can be modified based on emission rules to meet federal and state emission regulations and the strict guidelines.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Power Rating:

12-50 kW
50-250 kW
250-500 kW

By Application:

Combined Heat & Power
Standby Power

By End-Use:

Industrial
Commercial
Residential

By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2015
Base year – 2016
Forecast period – 2017 to 2025

Some of the key manufacturers involved in the market Ansaldo Energia, Capstone Turbine, Bladon Jets, Flexenergy, Enftech Innovation, Aurelia, Icrtec, MTT, Toyota Turbines & Systems, 247solar, Bowman, Tubrotech, Brayton Energy. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.

Target Audience of the Global Micro Turbines Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers VARs
Third-party knowledge providers
Investment bankers
Investors

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About US:

Planet Market Reports gives statistical surveying reports to businesses, people and associations with a goal of helping them in their decision making process. We have huge database of market research reports & company profiles across globe.  We offer premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.

Contact US:- 

Name: Jennifer Daniel 

Email-Id: sales@planetmarketreports.com

US: +1-716-2260907

UK: +447441952057

Organization: Planet Market Reports

 

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