Report overview
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.
Because of their small size, relatively low capital costs, expected low operations and maintenance costs, and automatic electronic control, micro turbines are expected to capture a significant share of the distributed generation market. In addition, micro turbines offer an efficient and clean solution to direct mechanical drive markets such as compression and air-conditioning.
This report aims to provide a comprehensive presentation of the global market for Micro Turbine, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Micro Turbine. This report contains market size and forecasts of Micro Turbine in global, including the following market information:
Global Micro Turbine Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Micro Turbine Market Sales, 2018-2023, 2024-2029, (Units)
Global top five Micro Turbine companies in 2022 (%)
The global Micro Turbine market was valued at US$ 72 million in 2022 and is projected to reach US$ 84 million by 2029, at a CAGR of 2.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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 and IHI, etc. Capstone Turbine is a global leader of this industry, with global sales market share of 71%.
Micro turbine can be classified by rated capacity as three major types, 50 kW~250 kW is the majority type; the global production volume market share of it was 42%. Micro turbine can be widely used in oil, gas & other natural resources industry, commercial building, landfill, transportation and others.
We surveyed the Micro Turbine manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Micro Turbine Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Micro Turbine Market Segment Percentages, by Type, 2022 (%)
12 kW-50 kW
50 kW-250 kW
250 kW-600 kW
Others
Global Micro Turbine Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Micro Turbine Market Segment Percentages, by Application, 2022 (%)
Oil, Gas & Other Natural Resources
Commercial Building
Landfill
Transportation
Global Micro Turbine Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Micro Turbine Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Micro Turbine revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Micro Turbine revenues share in global market, 2022 (%)
Key companies Micro Turbine sales in global market, 2018-2023 (Estimated), (Units)
Key companies Micro Turbine sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Capstone Turbine
Ansaldo Energia
FlexEnergy
IHI
Outline of Major Chapters:
Chapter 1: Introduces the definition of Micro Turbine, market overview.
Chapter 2: Global Micro Turbine market size in revenue and volume.
Chapter 3: Detailed analysis of Micro Turbine manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Micro Turbine in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Micro Turbine capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
