Microturbine Market By Power Rating (12 kW - 50kW, 50 kW - 250 kW, 250 kW - 500 kW), By Application (Combined Heat and Power, Standby Power), By End Use (Residential, Commercial, Industrial): Global Opportunity Analysis and Industry Forecast, 2021-2031

List of Tables

The global microturbines market was valued at $234.7 million in 2021 and is projected to reach $547.9 million by 2031, registering a CAGR of 8.9% from 2022 to 2031.

Microturbines are small combustion turbines that use microelectromechanical system technology to transform fluid energy into mechanical energy. Microturbines are a relatively new method for generating electricity. Microturbines have various potential advantages over other small-scale power-generating technologies, including a minimal number of moving parts, compact size, lightweight, higher efficiency, reduced pollutants, cheaper energy prices, and the ability to use waste fuels.

Microturbines are low-emission electric generators that offer on-site power-generating features such as dependability and cost-effectiveness. Reliability, personalized power demand, and lower power generating costs are important characteristics projected to drive microturbine usage in commercial and residential sectors. Because of the demand for low-cost on-site power generation, major corporations/business units are investing in the technology. This is expected to fuel market demand for microturbines.

The increased need for energy sources, along with rising environmental concerns such as pollution levels and global warming, is predicted to aid product development in emerging economies such as China, Malaysia, and South Korea. Nuclear plant decommissioning in developed nations, particularly Europe, is expected to drive total market demand in the forecast period. Microturbines are efficient enough to generate power at a lower cost than traditional/conventional ways. End users benefit financially from government subsidies for energy generation for remote applications and operations. Governments in Europe and North America are already providing financial schemes and capital subsidy incentives to customers to ensure reliable low-cost power generation.

The federal ITC has advanced the adoption of microturbine technology and serves as a vital signal to the microturbine manufacturing sector to continue investing in R&D and expanding its recruiting and manufacturing base in the U.S..

Oil price fluctuations are projected to limit overall industry development in the forecast period. Crude oil prices have dropped dramatically in recent years, reducing market income. Over the projection period, industrialization in the Asia Pacific and the Middle East is likely to create a significant potential for development. A high degree of competition from currently available distributed generating equipment is expected to impede market expansion in the forecast period.

The global microturbines market analysis is segmented on the basis of power rating, application, end use, and region. By power rating, the market is divided into 12 KW to 50 KW, 50 KW to 250 KW, and 250 KW to 500 KW. By application, it is divided into combined heat and power (CHP), and standby power. By end use, it is divided into residential, commercial, and industrial. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

IMPACT OF COVID-19 ON THE GLOBAL MICROTURBINE MARKET

The COVID-19 pandemic led to a decline in the demand for the microturbine market due to a decline in the demand for power generation across the globe. In addition, the portable power generation facilities have been in high demand during the pandemic outbreak which led to the demand for gas-based power generators. Furthermore, the outbreak of the pandemic has created awareness among the people regarding the advantages of the utilization of microturbines in renewable energy such as mini-hydro power plants, or rooftop wind power plant which has driven the growth of the global microturbine market.

Competitive Landscape

Key players in the microturbine industry Capstone Green Energy Corporation, FlexEnergy Solutions, Brayton Energy, LLC, ICR Turbine Engine Corporation, Calnetix Technologies, LLC, Ansaldo Energia SPA, Bladon Microturbine, Microturbine Technology B.V., Toyota Turbine Systems, and TurboTech Precision Engineering Pvt. Ltd.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the microturbine market analysis from 2021 to 2031 to identify the prevailing microturbine market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the microturbine market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global microturbine market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Power Rating

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

By Application

Combined Heat and Power
Standby Power

By End Use

Residential
Commercial
Industrial

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Toyota Turbine Systems
- Turbotech Precision Engineering Pvt. Ltd.
- Capstone Green Energy Corporation
- Brayton Energy, LLC
- ICR Turbine Engine Corporation
- Ansaldo Energia SPA
- Bladon Micro Turbine
- FlexEnergy Solutions
- Calnetix Technologies, LLC
- Micro Turbine Technology B.V.

Product Code: A47253

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. High bargaining power of suppliers
- 3.3.2. Moderate bargaining power of buyers
- 3.3.3. High threat of substitutes
- 3.3.4. High threat of new entrants
- 3.3.5. Moderate intensity of rivalry
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Replacement of fossil fuel power plants
  - 3.4.1.2. Increase in demand for renewable and sustainable energy sources
  - 3.4.1.3. Government initiative to explore alternative sources of energy
- 3.4.2. Restraints
  - 3.4.2.1. High Initial investment and constrained application
  - 3.4.2.2. Presence of alternatives
- 3.4.3. Opportunities
  - 3.4.3.1. Advancements promoting the use of micro turbine
3.5. COVID-19 Impact Analysis on the market
3.6. Key Regulation Analysis
3.7. Value Chain Analysis

CHAPTER 4: MICROTURBINE MARKET, BY POWER RATING

4.1. Overview
- 4.1.1. Market size and forecast
4.2. 12 kW - 50kW
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. 50 kW - 250 kW
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. 250 kW - 500 kW
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country

CHAPTER 5: MICROTURBINE MARKET, BY APPLICATION

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Combined Heat and Power
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Standby Power
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country

CHAPTER 6: MICROTURBINE MARKET, BY END USE

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Residential
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Commercial
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Industrial
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country

CHAPTER 7: MICROTURBINE MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Power Rating
- 7.2.3. Market size and forecast, by Application
- 7.2.4. Market size and forecast, by End Use
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Key market trends, growth factors and opportunities
  - 7.2.5.1.2. Market size and forecast, by Power Rating
  - 7.2.5.1.3. Market size and forecast, by Application
  - 7.2.5.1.4. Market size and forecast, by End Use
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Key market trends, growth factors and opportunities
  - 7.2.5.2.2. Market size and forecast, by Power Rating
  - 7.2.5.2.3. Market size and forecast, by Application
  - 7.2.5.2.4. Market size and forecast, by End Use
  - 7.2.5.3. Mexico
  - 7.2.5.3.1. Key market trends, growth factors and opportunities
  - 7.2.5.3.2. Market size and forecast, by Power Rating
  - 7.2.5.3.3. Market size and forecast, by Application
  - 7.2.5.3.4. Market size and forecast, by End Use
7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Power Rating
- 7.3.3. Market size and forecast, by Application
- 7.3.4. Market size and forecast, by End Use
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. Germany
  - 7.3.5.1.1. Key market trends, growth factors and opportunities
  - 7.3.5.1.2. Market size and forecast, by Power Rating
  - 7.3.5.1.3. Market size and forecast, by Application
  - 7.3.5.1.4. Market size and forecast, by End Use
  - 7.3.5.2. France
  - 7.3.5.2.1. Key market trends, growth factors and opportunities
  - 7.3.5.2.2. Market size and forecast, by Power Rating
  - 7.3.5.2.3. Market size and forecast, by Application
  - 7.3.5.2.4. Market size and forecast, by End Use
  - 7.3.5.3. Italy
  - 7.3.5.3.1. Key market trends, growth factors and opportunities
  - 7.3.5.3.2. Market size and forecast, by Power Rating
  - 7.3.5.3.3. Market size and forecast, by Application
  - 7.3.5.3.4. Market size and forecast, by End Use
  - 7.3.5.4. Spain
  - 7.3.5.4.1. Key market trends, growth factors and opportunities
  - 7.3.5.4.2. Market size and forecast, by Power Rating
  - 7.3.5.4.3. Market size and forecast, by Application
  - 7.3.5.4.4. Market size and forecast, by End Use
  - 7.3.5.5. UK
  - 7.3.5.5.1. Key market trends, growth factors and opportunities
  - 7.3.5.5.2. Market size and forecast, by Power Rating
  - 7.3.5.5.3. Market size and forecast, by Application
  - 7.3.5.5.4. Market size and forecast, by End Use
  - 7.3.5.6. Rest of Europe
  - 7.3.5.6.1. Key market trends, growth factors and opportunities
  - 7.3.5.6.2. Market size and forecast, by Power Rating
  - 7.3.5.6.3. Market size and forecast, by Application
  - 7.3.5.6.4. Market size and forecast, by End Use
7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Power Rating
- 7.4.3. Market size and forecast, by Application
- 7.4.4. Market size and forecast, by End Use
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Key market trends, growth factors and opportunities
  - 7.4.5.1.2. Market size and forecast, by Power Rating
  - 7.4.5.1.3. Market size and forecast, by Application
  - 7.4.5.1.4. Market size and forecast, by End Use
  - 7.4.5.2. Japan
  - 7.4.5.2.1. Key market trends, growth factors and opportunities
  - 7.4.5.2.2. Market size and forecast, by Power Rating
  - 7.4.5.2.3. Market size and forecast, by Application
  - 7.4.5.2.4. Market size and forecast, by End Use
  - 7.4.5.3. India
  - 7.4.5.3.1. Key market trends, growth factors and opportunities
  - 7.4.5.3.2. Market size and forecast, by Power Rating
  - 7.4.5.3.3. Market size and forecast, by Application
  - 7.4.5.3.4. Market size and forecast, by End Use
  - 7.4.5.4. South Korea
  - 7.4.5.4.1. Key market trends, growth factors and opportunities
  - 7.4.5.4.2. Market size and forecast, by Power Rating
  - 7.4.5.4.3. Market size and forecast, by Application
  - 7.4.5.4.4. Market size and forecast, by End Use
  - 7.4.5.5. Rest of Asia-Pacific
  - 7.4.5.5.1. Key market trends, growth factors and opportunities
  - 7.4.5.5.2. Market size and forecast, by Power Rating
  - 7.4.5.5.3. Market size and forecast, by Application
  - 7.4.5.5.4. Market size and forecast, by End Use
7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Power Rating
- 7.5.3. Market size and forecast, by Application
- 7.5.4. Market size and forecast, by End Use
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Brazil
  - 7.5.5.1.1. Key market trends, growth factors and opportunities
  - 7.5.5.1.2. Market size and forecast, by Power Rating
  - 7.5.5.1.3. Market size and forecast, by Application
  - 7.5.5.1.4. Market size and forecast, by End Use
  - 7.5.5.2. Saudi Arabia
  - 7.5.5.2.1. Key market trends, growth factors and opportunities
  - 7.5.5.2.2. Market size and forecast, by Power Rating
  - 7.5.5.2.3. Market size and forecast, by Application
  - 7.5.5.2.4. Market size and forecast, by End Use
  - 7.5.5.3. South Africa
  - 7.5.5.3.1. Key market trends, growth factors and opportunities
  - 7.5.5.3.2. Market size and forecast, by Power Rating
  - 7.5.5.3.3. Market size and forecast, by Application
  - 7.5.5.3.4. Market size and forecast, by End Use
  - 7.5.5.4. Rest of LAMEA
  - 7.5.5.4.1. Key market trends, growth factors and opportunities
  - 7.5.5.4.2. Market size and forecast, by Power Rating
  - 7.5.5.4.3. Market size and forecast, by Application
  - 7.5.5.4.4. Market size and forecast, by End Use

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021

CHAPTER 9: COMPANY PROFILES

9.1. Capstone Green Energy Corporation
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
9.2. FlexEnergy Solutions
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Key strategic moves and developments
9.3. Brayton Energy, LLC
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
9.4. ICR Turbine Engine Corporation
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
9.5. Calnetix Technologies, LLC
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
9.6. Ansaldo Energia SPA
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
9.7. Bladon Micro Turbine
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
9.8. Micro Turbine Technology B.V.
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
9.9. Toyota Turbine Systems
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
9.10. Turbotech Precision Engineering Pvt. Ltd.
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio