HOME Top Market Reports Micro Turbines Market by Power Rating (12–50 kW, 50–250 kW, and 250–500 kW), Application (Combined Heat and Power and Standby Power), End-User (Industrial, Commercial, and Residential), and Region - Global Forecast to 2022

Micro Turbines Market by Power Rating (12–50 kW, 50–250 kW, and 250–500 kW), Application (Combined Heat and Power and Standby Power), End-User (Industrial, Commercial, and Residential), and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: November 2017
Report Code: EP 4195

 

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The micro turbines market was valued at USD 149.8 Million in 2016 and is projected to reach USD 251.0 Million by 2022, at a CAGR of 9.46%, from 2017 to 2022. Factors such as increasing global electricity demand and subsequent investments in power plants, economic benefits of implementing micro turbines, increasing efforts to reduce global greenhouse gas emissions, and growing adoption of CHP are driving the micro turbines market. The micro turbines market has been segmented by application, power rating, end-user, and region.

The years considered for the study are:

  • Base Year: 2016
  • Estimated Year: 2017
  • Projected Year: 2022
  • Forecast Period: 2017 to 2022

The base year considered for company profiles is 2016. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define, describe, and forecast the micro turbines market by power rating, application, end-user, and region
  • To provide detailed information regarding the major factors influencing the growth of the micro turbines market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the micro turbines market with respect to individual growth trends, future prospects, and the contribution of each segment to the market
  • To track and analyze competitive developments, such as contracts & agreements, new product launches, expansions and investments, and partnerships and collaborations in the micro turbines market
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the micro turbines market. Primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standards and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The points given below explain the research methodology.

  • Study of the annual revenues and market developments of major players that supply micro turbines
  • Assessment of future trends and growth of end-users
  • Assessment of the micro turbines market with respect to the type of technology used for different applications
  • Study of contracts and developments related to the micro turbines market by key players across different regions
  • Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies supplying micro turbines across the globe

After arriving at the overall market size, the total market has been split into several segments and sub-segments. The figure given below illustrates the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.

Micro Turbine Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The micro turbines market starts with the manufacturing of basic components which include turbines, castings, forgings, valves, seals, pipework, compressors, and combustion chambers. These components are then assembled before being distributed to power plants or oil & gas fields. The major players in the market include Capstone Turbine (US), FlexEnergy (US), Ansaldo Energia (Italy), MTT (Netherlands), and Toyota Turbine and Systems (Japan).

Micro Turbine Market

Target Audience:

The report’s target audience includes:

  • Micro turbine manufacturers
  • Manufacturers’ associations
  • Public and private operators of natural gas power plants
  • Government and research organizations
  • Institutional investors
  • Distribution consultancies
  • Suppliers of parts and components to the micro turbines industry

Scope of the Report:

  • By Application
    • Combined Heat and Power (CHP)
    • Standby Power
  • By End-User
    • Industrial
    • Commercial
    • Residential
  • By Rated Capacity
    • 12–50 kW
    • 50–250 kW
    • 250–500 kW
  • By Region
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of region/country-specific analyses

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Markets Covered
           1.3.1 Regional Scope
    1.4 Years Considered for the Study
    1.5 Currency \
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Introduction
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Down Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions
           2.4.1 Assumptions of the Research Study

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 30)
    4.1 Micro Turbine Market Overview
    4.2 North American Micro Turbines Market Size, By Application & By Country
    4.3 Micro Turbines Market, By Country
    4.4 Micro Turbines Market, By Power Rating
    4.5 Micro Turbines Market, By Application
    4.6 Micro Turbines Market, By End-User

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Focus on the Generation of Clean Energy
                    5.2.1.2 Rising Demand for Energy
           5.2.2 Restraints
                    5.2.2.1 Falling Oil & Gas Prices
                    5.2.2.2 Low Electrical Efficiency
           5.2.3 Opportunities
                    5.2.3.1 Replacement of Phased-Out Nuclear & Coal Plants
                    5.2.3.2 Increase in Distributed Power Generation Capacity
           5.2.4 Challenges
                    5.2.4.1 Electrical Grid Modernization & Network Upgradation
                    5.2.4.2 Competition From Existing Distributed Power Generation Technologies

6 Micro Turbines Market, By Power Rating (Page No. - 41)
    6.1 Introduction
    6.2 12–50 kW
    6.3 50–250 kW
    6.4 250–500 kW

7 Micro Turbines Market, By Application (Page No. - 46)
    7.1 Introduction
    7.2 Combined Heat & Power
    7.3 Standby Power

8 Micro Turbines Market, By End-User (Page No. - 50)
    8.1 Introduction
    8.2 Industrial
    8.3 Commercial
    8.4 Residential

9 Micro Turbines Market, By Region (Page No. - 55)
    9.1 Introduction
    9.2 North America
           9.2.1 By Power Rating
           9.2.2 By End-User
           9.2.3 By Application
           9.2.4 By Country
                    9.2.4.1 US
                    9.2.4.2 Canada
    9.3 Europe
           9.3.1 By Power Rating
           9.3.2 By End-User
           9.3.3 By Application
           9.3.4 By Country
                    9.3.4.1 Russia
                    9.3.4.2 UK
                    9.3.4.3 Germany
                    9.3.4.4 Rest of Europe
    9.4 Asia Pacific
           9.4.1 By Power Rating
           9.4.2 By End-User
           9.4.3 By Application
           9.4.4 By Country
                    9.4.4.1 Australia
                    9.4.4.2 China
                    9.4.4.3 Malaysia
                    9.4.4.4 Rest of Asia Pacific
    9.5 Rest of the World
           9.5.1 By Power Rating
           9.5.2 By End-User
           9.5.3 By Application
           9.5.4 By Country
                    9.5.4.1 Mexico
                    9.5.4.2 Brazil
                    9.5.4.3 Colombia
                    9.5.4.4 Others

10 Competitive Landscape (Page No. - 87)
     10.1 Introduction
             10.1.1 Key Company Focus Areas
     10.2 Market Ranking Analysis
             10.2.1 Global Market Scenario
     10.3 Competitive Situations & Trends
             10.3.1 Contracts & Agreements
             10.3.2 Partnerships, Collaborations, Alliances, & Joint Ventures
             10.3.3 New Product Developments
             10.3.4 Investments & Expansions
             10.3.5 Mergers & Acquisitions

11 Company Profiles (Page No. - 93)
 (Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, MnM View)*
     11.1 Ansaldo Energia
     11.2 Capstone Turbine
     11.3 Brayton Energy
     11.4 Bladon Jets
     11.5 Flexenergy
     11.6 Eneftech Innovation
     11.7 Aurelia
     11.8 Icrtec
     11.9 MTT
     11.10 Toyota Turbine and Systems
     11.11 247solar
     11.12 Bowman
     11.13 Turbotech

*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 123)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (70 Tables)

Table 1 Micro Turbines Market Snapshot
Table 2 Micro Turbines Market Size, By Power Rating, 2015–2022 (USD Million)
Table 3 12–50 kW: Micro Turbines Market Size, By Region, 2015–2022 (USD Million)
Table 4 50–250 kW: Micro Turbines Market Size, By Region, 2015–2022 (USD Million)
Table 5 250–500 kW: Micro Turbines Market Size, By Region, 2015–2022 (USD Million)
Table 6 Micro Turbines Market Size, By Application, 2015–2022 (USD Million)
Table 7 Combined Heat & Power: Micro Turbines Market Size, By Region, 2015–2022 (USD Million)
Table 8 Standby Power: Micro Turbines Market Size, By Region, 2015–2022 (USD Million)
Table 9 Micro Turbines Market Size, By End-User, 2015–2022 (USD Million)
Table 10 Industrial: Micro Turbines Market Size, By Region, 2015–2022 (USD Million)
Table 11 Commercial: Micro Turbines Market Size, By Region, 2015–2022 (USD Million)
Table 12 Residential: Micro Turbines Market Size, By Region, 2015–2022 (USD Million)
Table 13 Micro Turbines Market Size, By Region, 2015–2022 (USD Million)
Table 14 North America: Micro Turbines Market Size, By Power Rating, 2015–2022 (USD Million)
Table 15 North America: Micro Turbines Market Size, By End-User, 2015–2022 (USD Million)
Table 16 North America: Micro Turbines Market Size, By Application, 2015–2022 (USD Million)
Table 17 North America: Combined Heat & Power Micro Turbines Market Size, By Country, 2015–2022 (USD Million)
Table 18 North America: Standyby Power Micro Turbines Market Size, By Country, 2015–2022 (USD Million)
Table 19 North America: Micro Turbines Market Size, By Country, 2015–2022 (USD Million)
Table 20 US: Micro Turbines Market Size, By End-User, 2015–2022 (USD Million)
Table 21 US: Micro Turbines Market Size, By Application, 2015–2022 (USD Million)
Table 22 Canada: Micro Turbines Market Size, By End-User, 2015–2022 (USD Million)
Table 23 Canada: Micro Turbines Market Size, By Application, 2015–2022 (USD Million)
Table 24 Europe: Micro Turbines Market Size, By Power Rating, 2015–2022 (USD Million)
Table 25 Europe: Micro Turbines Market Size, By End-User, 2015–2022 (USD Million)
Table 26 Europe: Micro Turbines Market Size, By Application, 2015–2022 (USD Million)
Table 27 Europe: Combined Heat & Power Micro Turbines Market Size, By Country, 2015–2022 (USD Million)
Table 28 Europe: Standby Power Micro Turbines Market Size, By Country, 2015–2022 (USD Million)
Table 29 Europe: Micro Turbines Market Size, By Country, 2015–2022 (USD Million)
Table 30 Russia: Micro Turbines Market Size, By End-User, 2015–2022 (USD Million)
Table 31 Russia: Micro Turbines Market Size, By Application, 2015–2022 (USD Million)
Table 32 UK: Micro Turbines Market Size, By End-User, 2015–2022 (USD Million)
Table 33 UK: Micro Turbines Market Size, By Application, 2015–2022 (USD Million)
Table 34 Germany: Micro Turbines Market Size, By End-User, 2015–2022 (USD Million)
Table 35 Germany: Micro Turbines Market Size, By Application, 2015–2022 (USD Million)
Table 36 Rest of Europe: Micro Turbines Market Size, By End-User, 2015–2022 (USD Million)
Table 37 Rest of Europe: Micro Turbines Market Size, By Application, 2015–2022 (USD Million)
Table 38 Asia Pacific: Micro Turbines Market Size, By Power Rating, 2015–2022 (USD Million)
Table 39 Asia Pacific: Micro Turbines Market Size, By End-User, 2015–2022 (USD Million)
Table 40 Asia Pacific: Micro Turbines Market Size, By Application, 2015–2022 (USD Million)
Table 41 Asia Pacific: Combined Heat & Power Micro Turbines Market, By Country, 2015–2022 (USD Million)
Table 42 Asia Pacific: Standby Power Micro Turbines Market, By Country, 2015–2022 (USD Million)
Table 43 Asia Pacific: Micro Turbines Market, By Country, 2015–2022 (USD Million)
Table 44 Australia: Micro Turbines Market Size, By End-User, 2015–2022 (USD Million)
Table 45 Australia: Micro Turbines Market Size, By Application, 2015–2022 (USD Million)
Table 46 China: Micro Turbines Market Size, By End-User, 2015–2022 (USD Million)
Table 47 China: Micro Turbines Market Size, By Application, 2015–2022 (USD Million)
Table 48 Malaysia: Micro Turbines Market Size, By End-User, 2015–2022 (USD Million)
Table 49 Malaysia: Micro Turbines Market Size, By Application, 2015–2022 (USD Million)
Table 50 Rest of Asia Pacific: Micro Turbines Market Size, By End-User, 2015–2022 (USD Million)
Table 51 Rest of Asia Pacific: Micro Turbines Market Size, By Application, 2015–2022 (USD Million)
Table 52 Rest of the World: Micro Turbines Market Size, By Power Rating, 2015–2022 (USD Million)
Table 53 Rest of the World: Micro Turbines Market Size, By End-User, 2015–2022 (USD Million)
Table 54 Rest of the World: Micro Turbines Market Size, By Application, 2015–2022 (USD Million)
Table 55 Rest of the World: Combined Heat & Power Micro Turbines Market Size, By Country, 2015–2022 (USD Million)
Table 56 Rest of the World: Standby Power Micro Turbines Market Size, By Country, 2015–2022 (USD Million)
Table 57 Rest of the World: Micro Turbines Market Size, By Country, 2015–2022 (USD Million)
Table 58 Mexico: Micro Turbines Market Size, By End-User, 2015–2022 (USD Million)
Table 59 Mexico: Micro Turbines Market Size, By Application, 2015–2022 (USD Million)
Table 60 Brazil: Micro Turbines Market Size, By End-User, 2015–2022 (USD Million)
Table 61 Brazil: Micro Turbines Market Size, By Application, 2015–2022 (USD Million)
Table 62 Colombia: Micro Turbines Market Size, By End-User, 2015–2022 (USD Million)
Table 63 Colombia: Micro Turbines Market Size, By Application, 2015–2022 (USD Million)
Table 64 Others: Micro Turbines Market Size, By End-User, 2015–2022 (USD Million)
Table 65 Others: Micro Turbines Market Size, By Application, 2015–2022 (USD Million)
Table 66 Contracts & Agreements, 2014–2017
Table 67 Partnerships, Collaborations, Alliances, & Joint Ventures, 2014–2017
Table 68 New Product Developments, 2014–2017
Table 69 Investments & Expansions, 2014–2017
Table 70 Mergers & Acquisitions, 2014–2017


List of Figures (36 Figures)

Figure 1 Markets Covered: Micro Turbines Market
Figure 2 Country-Wise Scope: Micro Turbines Market
Figure 3 Micro Turbines Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Micro Turbines Market: Market Estimation Approach & Data Triangulation Methodology
Figure 8 The North American Market Dominated the Micro Turbines Market in 2016
Figure 9 The 50–250 kW Segment is Expected to Lead the Micro Turbines Market, By Power Rating, During the Forecast Period
Figure 10 The Combined Heat & Power Segment is Expected to Lead the Micro Turbines Market in 2017
Figure 11 The Industrial End-User Segment is Expected to Lead the Micro Turbines Market
Figure 12 Increasing Focus on the Generation of Clean Energy and Rising Demand for Energy are Expected to Drive the Micro Turbines Market During the Forecast Period
Figure 13 The Combined Heat & Power Application Segment & US Market Held the Maximum Share of the Micro Turbines Market in 2016
Figure 14 The US Market Held the Largest Share in 2016
Figure 15 The 50–250 kW Power Rating Segment is Projected to Dominate the Micro Turbines Market During the Forecast Period
Figure 16 The Combined Heat & Power Application Segment is Expected to Lead the Micro Turbines Market During the Forecast Period
Figure 17 The Industrial End-User Segment is Expected to Dominate the Micro Turbines Market During the Forecast Period
Figure 18 Increasing Focus on the Generation of Clean Energy to Drive the Micro Turbines Market
Figure 19 Increase in World Natural Gas Production, 2015–2040 (Trillion Cubic Feet)
Figure 20 World Net Electricity Generation, By Fuel, 2012–2040 (Trillion KWH)
Figure 21 Oil Price Trend (January 2014–July 2017)
Figure 22 Micro Turbines Market ,By Power Rating, 2016
Figure 23 The Combined Heat & Power Segment to Account for the Larger Share in 2016
Figure 24 Micro Turbines Market, By End-User, 2016
Figure 25 Regional Snapshot: the North American Market is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 26 The North American Market Led the Micro Turbines Market in 2016
Figure 27 North America: Micro Turbines Market Snapshot
Figure 28 US: Micro Turbines Market, By Application, 2017–2022
Figure 29 Europe: Micro Turbines Market Snapshot
Figure 30 Russia: Micro Turbines Market, By Application, 2017–2022
Figure 31 Australia: Micro Turbines Market, By Application, 2017–2022
Figure 32 Mexico: Micro Turbines Market, By Application, 2017–2022
Figure 33 Key Developments in the Micro Turbines Market, 2014–2017
Figure 34 Market Rankings Based on Revenue, 2016
Figure 35 Ansaldo Energia: Company Snapshot
Figure 36 Capstone Turbine: Company Snapshot

The micro turbines market is estimated to be USD 159.7 Million in 2017. It is projected to grow at a CAGR of 9.46%, from 2017 to 2022, to reach a market size of USD 251.0 Million by 2022. The growing demand for clean energy, accompanied by aging grid infrastructure, has led to the growth of the micro turbines market.  The burning of conventional energy sources such as petroleum and coal has been identified as the major cause of global warming. The use of micro turbines releases very little emissions as compared to fossil fuels in terms of the concentrations of sulfur oxide and nitrogen oxide. Government initiatives for greener solutions, investments by financial institutions, growing demand for reliable power, and easy availability of fuel are driving the growth of the global micro turbines market during the forecast period.

The report segments the micro turbines market based on application into combined heat and power (CHP) and standby power. The CHP application is the fastest growing market for micro turbines. However, the demand for standby power is also increasing rapidly. Based on end-user, the micro turbines market has been categorized into industrial, commercial, and residential. The industrial micro turbines market was the largest in 2016. The industrial segment includes the oil & gas, information and communications, and construction sectors. The micro turbines market, by power rating, has been categorized into 12–50 kW, 50–250 kW, and 250–500 kW.

In this report, the micro turbines market has been analyzed with respect to 4 regions, namely, North America, Europe, Asia Pacific, and the rest of the world. North America is expected to dominate the micro turbines market during the forecast period due to the continued increase in energy consumption mainly from the oil & gas sector, which contributed to the highest demand for micro turbines. Another factor contributing to the market growth is the prevalence of distributed power generation in the region. Furthermore, a large number of coal power plants are scheduled to be shut down in the US, leading to an increase in the demand for alternative sources of energy generation. The demand from the IT and telecommunications sector is also driving the micro turbines market. Aging power plants and frequent natural calamities have created enormous growth opportunities for the market in the region. The figure below shows the projected market size in 2022 in various regions, with the respective CAGRs.

Micro Turbine Market

The electrical efficiency of micro turbines is among the lowest of all the distributed power generation technologies. For this reason, applications that require high electrical efficiency, generally, do not prefer micro turbines. Secondly, the recent slump in oil prices has resulted in the availability of crude oil for electricity generation through internal combustion engines at a cheaper price. Internal combustion engines are direct substitutes for micro turbines in distributed power generation. These have proved to be restraining factors for the growth of the micro turbines market.

Some of the leading players in the micro turbines market include Capstone Turbine (US), Ansaldo Energia (Italy), FlexEnergy (US), MTT (Netherlands), and Toyota Turbine and Systems (Japan), Brayton Energy (US), Eneftech Innovation (Switzerland), and Bladon Jets (UK). These players have adopted growth strategies such as new product launches, contracts & agreements, mergers & acquisitions, and expansions to capture a larger share of the micro turbines market.

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