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Microturbine Systems-Global Market Insights and Sales Trends 2024
Synopsis
The Microturbine generates power and is a combination of a small gas turbine and high speed generator. The combustor in a microturbine can run on various types of fuel such as diesel, natural gas, biogas, alcohol, hydrogen, and LPG, emitting negligible toxicity. Microturbines can generate
The global Microturbine Systems market size is expected to reach US$ 515 million by 2029, growing at a CAGR of 6.7% from 2023 to 2029. The market is mainly driven by the significant applications of Microturbine Systems in various end use industries. The expanding demands from the Aviation & Aerospace, Military Vehicle & Hybrid Power Devices and Others,, are propelling Microturbine Systems market. Residential Microturbine Systems, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Industrial Microturbine Systems segment is estimated at % CAGR for the next seven-year period.
Global Microturbines key players include Capstone, Elliott Group, FlexEnergy, Solar Turbines , Ansaldo Energia, etc. Global top five players hold a share about 90%.
North America is the largest market, with a share about 70%, followed by Europe and Japan, having a total share about 25 percent.
In terms of product, Recuperated Microturbines is the largest segment, with a share about 55%. And in terms of application, the largest application is Energy Efficiency, followed by Critical Power Supply, Renewable Energy, Moblie Production, Oil,Gas and Other.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Microturbine Systems, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Microturbine Systems market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Microturbine Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Microturbine Systems sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Microturbine Systems covered in this report include Capstone Turbine Corporation, FlexEnergy, Ansaldo Energia, Elliott Group, Ingersoll-Rand Company, Micro Turbine Technology BV, Wilson and ICRTec, etc.
The global Microturbine Systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Capstone Turbine Corporation
FlexEnergy
Ansaldo Energia
Elliott Group
Ingersoll-Rand Company
Micro Turbine Technology BV
Wilson
ICRTec
Global Microturbine Systems market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Microturbine Systems market, Segment by Type:
Residential Microturbine Systems
Industrial Microturbine Systems
Commercial Microturbine Systems
Global Microturbine Systems market, by Application
Aviation & Aerospace
Military Vehicle & Hybrid Power Devices
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Microturbine Systems manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Microturbine Systems in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The Microturbine generates power and is a combination of a small gas turbine and high speed generator. The combustor in a microturbine can run on various types of fuel such as diesel, natural gas, biogas, alcohol, hydrogen, and LPG, emitting negligible toxicity. Microturbines can generate
The global Microturbine Systems market size is expected to reach US$ 515 million by 2029, growing at a CAGR of 6.7% from 2023 to 2029. The market is mainly driven by the significant applications of Microturbine Systems in various end use industries. The expanding demands from the Aviation & Aerospace, Military Vehicle & Hybrid Power Devices and Others,, are propelling Microturbine Systems market. Residential Microturbine Systems, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Industrial Microturbine Systems segment is estimated at % CAGR for the next seven-year period.
Global Microturbines key players include Capstone, Elliott Group, FlexEnergy, Solar Turbines , Ansaldo Energia, etc. Global top five players hold a share about 90%.
North America is the largest market, with a share about 70%, followed by Europe and Japan, having a total share about 25 percent.
In terms of product, Recuperated Microturbines is the largest segment, with a share about 55%. And in terms of application, the largest application is Energy Efficiency, followed by Critical Power Supply, Renewable Energy, Moblie Production, Oil,Gas and Other.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Microturbine Systems, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Microturbine Systems market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Microturbine Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Microturbine Systems sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Microturbine Systems covered in this report include Capstone Turbine Corporation, FlexEnergy, Ansaldo Energia, Elliott Group, Ingersoll-Rand Company, Micro Turbine Technology BV, Wilson and ICRTec, etc.
The global Microturbine Systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Capstone Turbine Corporation
FlexEnergy
Ansaldo Energia
Elliott Group
Ingersoll-Rand Company
Micro Turbine Technology BV
Wilson
ICRTec
Global Microturbine Systems market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Microturbine Systems market, Segment by Type:
Residential Microturbine Systems
Industrial Microturbine Systems
Commercial Microturbine Systems
Global Microturbine Systems market, by Application
Aviation & Aerospace
Military Vehicle & Hybrid Power Devices
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Microturbine Systems manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Microturbine Systems in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Microturbine Systems Market Overview
1.1 Microturbine Systems Product Overview
1.2 Microturbine Systems Market Segment by Type
1.2.1 Residential Microturbine Systems
1.2.2 Industrial Microturbine Systems
1.2.3 Commercial Microturbine Systems
1.3 Global Microturbine Systems Market Size by Type
1.3.1 Global Microturbine Systems Market Size Overview by Type (2018-2029)
1.3.2 Global Microturbine Systems Historic Market Size Review by Type (2018-2023)
1.3.3 Global Microturbine Systems Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Microturbine Systems Sales Breakdown by Type (2018-2023)
1.4.2 Europe Microturbine Systems Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Microturbine Systems Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Microturbine Systems Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Microturbine Systems Sales Breakdown by Type (2018-2023)
2 Global Microturbine Systems Market Competition by Company
2.1 Global Top Players by Microturbine Systems Sales (2018-2023)
2.2 Global Top Players by Microturbine Systems Revenue (2018-2023)
2.3 Global Top Players by Microturbine Systems Price (2018-2023)
2.4 Global Top Manufacturers Microturbine Systems Manufacturing Base Distribution, Sales Area, Product Type
2.5 Microturbine Systems Market Competitive Situation and Trends
2.5.1 Microturbine Systems Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Microturbine Systems Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Microturbine Systems as of 2022)
2.7 Date of Key Manufacturers Enter into Microturbine Systems Market
2.8 Key Manufacturers Microturbine Systems Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Microturbine Systems Status and Outlook by Region
3.1 Global Microturbine Systems Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Microturbine Systems Historic Market Size by Region
3.2.1 Global Microturbine Systems Sales in Volume by Region (2018-2023)
3.2.2 Global Microturbine Systems Sales in Value by Region (2018-2023)
3.2.3 Global Microturbine Systems Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Microturbine Systems Forecasted Market Size by Region
3.3.1 Global Microturbine Systems Sales in Volume by Region (2024-2029)
3.3.2 Global Microturbine Systems Sales in Value by Region (2024-2029)
3.3.3 Global Microturbine Systems Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Microturbine Systems by Application
4.1 Microturbine Systems Market Segment by Application
4.1.1 Aviation & Aerospace
4.1.2 Military Vehicle & Hybrid Power Devices
4.1.3 Others
4.2 Global Microturbine Systems Market Size by Application
4.2.1 Global Microturbine Systems Market Size Overview by Application (2018-2029)
4.2.2 Global Microturbine Systems Historic Market Size Review by Application (2018-2023)
4.2.3 Global Microturbine Systems Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Microturbine Systems Sales Breakdown by Application (2018-2023)
4.3.2 Europe Microturbine Systems Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Microturbine Systems Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Microturbine Systems Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Microturbine Systems Sales Breakdown by Application (2018-2023)
5 North America Microturbine Systems by Country
5.1 North America Microturbine Systems Historic Market Size by Country
5.1.1 North America Microturbine Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Microturbine Systems Sales in Volume by Country (2018-2023)
5.1.3 North America Microturbine Systems Sales in Value by Country (2018-2023)
5.2 North America Microturbine Systems Forecasted Market Size by Country
5.2.1 North America Microturbine Systems Sales in Volume by Country (2024-2029)
5.2.2 North America Microturbine Systems Sales in Value by Country (2024-2029)
6 Europe Microturbine Systems by Country
6.1 Europe Microturbine Systems Historic Market Size by Country
6.1.1 Europe Microturbine Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Microturbine Systems Sales in Volume by Country (2018-2023)
6.1.3 Europe Microturbine Systems Sales in Value by Country (2018-2023)
6.2 Europe Microturbine Systems Forecasted Market Size by Country
6.2.1 Europe Microturbine Systems Sales in Volume by Country (2024-2029)
6.2.2 Europe Microturbine Systems Sales in Value by Country (2024-2029)
7 Asia-Pacific Microturbine Systems by Region
7.1 Asia-Pacific Microturbine Systems Historic Market Size by Region
7.1.1 Asia-Pacific Microturbine Systems Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Microturbine Systems Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Microturbine Systems Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Microturbine Systems Forecasted Market Size by Region
7.2.1 Asia-Pacific Microturbine Systems Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Microturbine Systems Sales in Value by Region (2024-2029)
8 Latin America Microturbine Systems by Country
8.1 Latin America Microturbine Systems Historic Market Size by Country
8.1.1 Latin America Microturbine Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Microturbine Systems Sales in Volume by Country (2018-2023)
8.1.3 Latin America Microturbine Systems Sales in Value by Country (2018-2023)
8.2 Latin America Microturbine Systems Forecasted Market Size by Country
8.2.1 Latin America Microturbine Systems Sales in Volume by Country (2024-2029)
8.2.2 Latin America Microturbine Systems Sales in Value by Country (2024-2029)
9 Middle East and Africa Microturbine Systems by Country
9.1 Middle East and Africa Microturbine Systems Historic Market Size by Country
9.1.1 Middle East and Africa Microturbine Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Microturbine Systems Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Microturbine Systems Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Microturbine Systems Forecasted Market Size by Country
9.2.1 Middle East and Africa Microturbine Systems Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Microturbine Systems Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Capstone Turbine Corporation
10.1.1 Capstone Turbine Corporation Company Information
10.1.2 Capstone Turbine Corporation Introduction and Business Overview
10.1.3 Capstone Turbine Corporation Microturbine Systems Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Capstone Turbine Corporation Microturbine Systems Products Offered
10.1.5 Capstone Turbine Corporation Recent Development
10.2 FlexEnergy
10.2.1 FlexEnergy Company Information
10.2.2 FlexEnergy Introduction and Business Overview
10.2.3 FlexEnergy Microturbine Systems Sales, Revenue and Gross Margin (2018-2023)
10.2.4 FlexEnergy Microturbine Systems Products Offered
10.2.5 FlexEnergy Recent Development
10.3 Ansaldo Energia
10.3.1 Ansaldo Energia Company Information
10.3.2 Ansaldo Energia Introduction and Business Overview
10.3.3 Ansaldo Energia Microturbine Systems Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Ansaldo Energia Microturbine Systems Products Offered
10.3.5 Ansaldo Energia Recent Development
10.4 Elliott Group
10.4.1 Elliott Group Company Information
10.4.2 Elliott Group Introduction and Business Overview
10.4.3 Elliott Group Microturbine Systems Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Elliott Group Microturbine Systems Products Offered
10.4.5 Elliott Group Recent Development
10.5 Ingersoll-Rand Company
10.5.1 Ingersoll-Rand Company Company Information
10.5.2 Ingersoll-Rand Company Introduction and Business Overview
10.5.3 Ingersoll-Rand Company Microturbine Systems Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Ingersoll-Rand Company Microturbine Systems Products Offered
10.5.5 Ingersoll-Rand Company Recent Development
10.6 Micro Turbine Technology BV
10.6.1 Micro Turbine Technology BV Company Information
10.6.2 Micro Turbine Technology BV Introduction and Business Overview
10.6.3 Micro Turbine Technology BV Microturbine Systems Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Micro Turbine Technology BV Microturbine Systems Products Offered
10.6.5 Micro Turbine Technology BV Recent Development
10.7 Wilson
10.7.1 Wilson Company Information
10.7.2 Wilson Introduction and Business Overview
10.7.3 Wilson Microturbine Systems Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Wilson Microturbine Systems Products Offered
10.7.5 Wilson Recent Development
10.8 ICRTec
10.8.1 ICRTec Company Information
10.8.2 ICRTec Introduction and Business Overview
10.8.3 ICRTec Microturbine Systems Sales, Revenue and Gross Margin (2018-2023)
10.8.4 ICRTec Microturbine Systems Products Offered
10.8.5 ICRTec Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Microturbine Systems Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Microturbine Systems Industrial Chain Analysis
11.4 Microturbine Systems Market Dynamics
11.4.1 Microturbine Systems Industry Trends
11.4.2 Microturbine Systems Market Drivers
11.4.3 Microturbine Systems Market Challenges
11.4.4 Microturbine Systems Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Microturbine Systems Distributors
12.3 Microturbine Systems Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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