Pune, India, May, 2018 /MRFR Press Release/- The market is expected to grow with a CAGR of around 10% during the forecast period. The regions is expected to witness largest market share by 2023.
The focus on green energy generation along with producing heat for industrial & commercial or residential activities, along with increasing demand of cogeneration application is anticipated to shift trends towards micro turbines.
Micro turbines are widely accepted across the world in the industrial & commercial sectors owing to growing demand of combined heat and power in industries such as, oil & gas, construction, pharmaceutical, manufacturing, waste water treatment, and mining among others. Read more:
Growing clean electricity demand coupled with growing concern for reducing carbon footprint and the aging grid infrastructure, will boost the global micro turbine market over the forecast period. Micro turbines are used as an alternative energy source for power generation. They are widely known for their function of cogeneration of heat and power.
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Major Key Players
- Capstone Turbine Corporation
- FlexEnergy, Inc.
- Brayton Energy LLC.
- Ansaldo Energia S.p.A
- Wilson Solarpower Corporation
- ICR Turbine Engine Corporation
North America led the global micro turbine market, owing to increased consumption of energy and growing awareness of carbon footprint in the region. The U.S. dominated the North America micro turbine market, due to several potential advantages over other technologies for small-scale generation. The shale gas activities in the U.S., Canada, and Mexico is expected to contribute in the development of micro turbine market in the region.
- Micro Turbine Manufacturers
- Public and Private Operators of Natural Gas Power Plants
- Government as well as Independent Regulatory Authorities
- Consultants and Investment Bankers
- Distributer & Supplier Companies
- End Users
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
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