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 contains market size and forecasts of Micro Turbine in global, including the following market information:
Global Micro Turbine Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Micro Turbine Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Micro Turbine companies in 2021 (%)
The global Micro Turbine market was valued at 72 million in 2021 and is projected to reach US$ 84 million by 2028, at a CAGR of 2.3% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
12 kW-50 kW Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Micro Turbine include Capstone Turbine, Ansaldo Energia, FlexEnergy and IHI, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has 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, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Micro Turbine Market Segment Percentages, by Type, 2021 (%)
12 kW-50 kW
50 kW-250 kW
250 kW-600 kW
Others
Global Micro Turbine Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Micro Turbine Market Segment Percentages, by Application, 2021 (%)
Oil, Gas & Other Natural Resources
Commercial Building
Landfill
Transportation
Global Micro Turbine Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Micro Turbine Market Segment Percentages, By Region and Country, 2021 (%)
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, 2017-2022 (Estimated), ($ millions)
Key companies Micro Turbine revenues share in global market, 2021 (%)
Key companies Micro Turbine sales in global market, 2017-2022 (Estimated), (Units)
Key companies Micro Turbine sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Capstone Turbine
Ansaldo Energia
FlexEnergy
IHI