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PUBLISHER: IMARC | PRODUCT CODE: 1298507
PUBLISHER: IMARC | PRODUCT CODE: 1298507
Microturbine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 139 Pages
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Market Overview:
The global microturbine market size reached US$ 79.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 131.2 Billion by 2028, exhibiting a growth rate (CAGR) of 8.3% during 2023-2028.
A microturbine is a small combustion turbine that runs on liquid or gaseous fuels to power an electric generator. It uses natural gas, waste heat from thermal plants and petroleum fuels, such as kerosene, diesel and heating oil. It is primarily used for small-scale power generation and consists of a compressor, combustor, alternator, turbine, generator and a recuperator. It operates by recovering exhaust energy and preheating the compressed inlet air to enhance the electrical efficiency of the generator. In comparison to traditionally used alternatives, microturbines are compact, lightweight, cost-effective and have minimal moving parts, emissions and fuel wastage. Owing to these benefits, they find extensive applications in provide standby power, combined cooling, heating and power (CCHP), combined heat and power (CHP), resource recovery, and microgrid systems.
The rapidly increasing energy demand across the globe is among the key factors driving the growth of the market. Furthermore, there is an increasing focus on green and sustainable power generation, which is also providing a boost to the market growth as microturbines offer stable and reliable power with minimal emissions of greenhouse gases (GHGs), such as carbon dioxide (CO2), carbon monoxide (CO), sulfur oxide (SO2) and nitrogen oxide (NO2). Additionally, widespread adoption of CHP systems across various industries is also contributing to the market growth. They are extensively used in wastewater treatment plants, breweries, paper and rubber mills and the residential sector for providing residual heat in cold climates. Furthermore, the replacement of phased-out coal and nuclear plants with modern and innovative power stations and installation of microturbines in off-grid systems in remote areas, are creating a positive outlook for the market. Other factors, including rising investments in the energy sector and extensive research and development (R&D), are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global microturbine market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on application, power rating and end-user.
Breakup by Application:
- Combined Heat and Power (CHP)
- Standby Power
Breakup by Power Rating:
- 12 kW - 50 kW
- 50 kW - 250 kW
- 250 kW - 500 kW
Breakup by End-User:
- Residential
- Commercial
- Industrial
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Ansaldo Energia SPA, Bladon Jets, Capstone Turbine Corporation, FlexEnergy Inc., Brayton Energy, LLC, Toyota Motor Corporation, Micro Turbine Technology B.V., ICR Turbine Engine Corporation and Calnetix Technologies, etc.
Key Questions Answered in This Report:
- How has the global microturbine market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global microturbine market?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the power rating?
- What is the breakup of the market based on the end-user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the market?
- What is the structure of the global microturbine market and who are the key players?
- What is the degree of competition in the market?
Product Code: SR112023A1922
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Microturbine Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Application
- 6.1 Combined Heat and Power (CHP)
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Standby Power
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Power Rating
- 7.1 12 kW - 50 kW
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 50 kW - 250 kW
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 250 kW - 500 kW
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by End-User
- 8.1 Residential
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Commercial
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Industrial
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Indicators
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Ansaldo Energia SPA
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Bladon Jets
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.3 Capstone Turbine Corporation
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 FlexEnergy Inc.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Brayton Energy, LLC
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Toyota Motor Corporation
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Micro Turbine Technology B.V.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.8 ICR Turbine Engine Corporation
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Calnetix Technologies
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.1 Ansaldo Energia SPA
Product Code: SR112023A1922
List of Figures
- Figure 1: Global: Microturbine Market: Major Drivers and Challenges
- Figure 2: Global: Microturbine Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Microturbine Market: Breakup by Application (in %), 2022
- Figure 4: Global: Microturbine Market: Breakup by Power Rating (in %), 2022
- Figure 5: Global: Microturbine Market: Breakup by End-User (in %), 2022
- Figure 6: Global: Microturbine Market: Breakup by Region (in %), 2022
- Figure 7: Global: Microturbine Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 8: Global: Microturbine (Combined Heat and Power) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Microturbine (Combined Heat and Power) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Microturbine (Standby Power) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Microturbine (Standby Power) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Microturbine (12 kW - 50 kW) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Microturbine (12 kW - 50 kW) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Microturbine (50 kW - 250 kW) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Microturbine (50 kW - 250 kW) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Microturbine (250 kW - 500 kW) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Microturbine (250 kW - 500 kW) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Microturbine (Residential) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Microturbine (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Microturbine (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Microturbine (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Microturbine (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Microturbine (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: North America: Microturbine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: North America: Microturbine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: United States: Microturbine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: United States: Microturbine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Canada: Microturbine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Canada: Microturbine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Asia Pacific: Microturbine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Asia Pacific: Microturbine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: China: Microturbine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: China: Microturbine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Japan: Microturbine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Japan: Microturbine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: India: Microturbine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: India: Microturbine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: South Korea: Microturbine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: South Korea: Microturbine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Australia: Microturbine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Australia: Microturbine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Indonesia: Microturbine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Indonesia: Microturbine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Others: Microturbine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Others: Microturbine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Europe: Microturbine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Europe: Microturbine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Germany: Microturbine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Germany: Microturbine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: France: Microturbine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: France: Microturbine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: United Kingdom: Microturbine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: United Kingdom: Microturbine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Italy: Microturbine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Italy: Microturbine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Spain: Microturbine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Spain: Microturbine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Russia: Microturbine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Russia: Microturbine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Others: Microturbine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Others: Microturbine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Latin America: Microturbine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Latin America: Microturbine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Brazil: Microturbine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Brazil: Microturbine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Mexico: Microturbine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Mexico: Microturbine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Others: Microturbine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Others: Microturbine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Middle East and Africa: Microturbine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Middle East and Africa: Microturbine Market: Breakup by Country (in %), 2022
- Figure 72: Middle East and Africa: Microturbine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Global: Microturbine Industry: SWOT Analysis
- Figure 74: Global: Microturbine Industry: Value Chain Analysis
- Figure 75: Global: Microturbine Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Microturbine Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Microturbine Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 3: Global: Microturbine Market Forecast: Breakup by Power Rating (in Million US$), 2023-2028
- Table 4: Global: Microturbine Market Forecast: Breakup by End-User (in Million US$), 2023-2028
- Table 5: Global: Microturbine Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Microturbine Market: Competitive Structure
- Table 7: Global: Microturbine Market: Key Players
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