Microturbine Market by Power Rating, Application, End-use: Global Opportunity Analysis and Industry Forecast, 2021-2031

Table of Contents

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

List of Tables
Table 01. Global Microturbine Market, by Power Rating, 2021-2031 (Revenue, $Thousand)
Table 02. Microturbine Market for 12 Kw - 50Kw, by Region, 2021-2031 (Revenue, $Thousand)
Table 03. Microturbine Market for 50 Kw - 250 Kw, by Region, 2021-2031 (Revenue, $Thousand)
Table 04. Microturbine Market for 250 Kw - 500 Kw, by Region, 2021-2031 (Revenue, $Thousand)
Table 05. Global Microturbine Market, by Application, 2021-2031 (Revenue, $Thousand)
Table 06. Microturbine Market for Combined Heat and Power, by Region, 2021-2031 (Revenue, $Thousand)
Table 07. Microturbine Market for Standby Power, by Region, 2021-2031 (Revenue, $Thousand)
Table 08. Global Microturbine Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 09. Microturbine Market for Residential, by Region, 2021-2031 (Revenue, $Thousand)
Table 10. Microturbine Market for Commercial, by Region, 2021-2031 (Revenue, $Thousand)
Table 11. Microturbine Market for Industrial, by Region, 2021-2031 (Revenue, $Thousand)
Table 12. Microturbine Market, by Region, 2021-2031 (Revenue, $Thousand)
Table 13. North America Microturbine Market, by Power Rating, 2021-2031 (Revenue, $Thousand)
Table 14. North America Microturbine Market, by Application, 2021-2031 (Revenue, $Thousand)
Table 15. North America Microturbine Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 16. North America Microturbine Market, by Country, 2021-2031 (Revenue, $Thousand)
Table 17. U.S. Microturbine Market, by Power Rating, 2021-2031 (Revenue, $Thousand)
Table 18. U.S. Microturbine Market, by Application, 2021-2031 (Revenue, $Thousand)
Table 19. U.S. Microturbine Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 20. Canada Microturbine Market, by Power Rating, 2021-2031 (Revenue, $Thousand)
Table 21. Canada Microturbine Market, by Application, 2021-2031 (Revenue, $Thousand)
Table 22. Canada Microturbine Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 23. Mexico Microturbine Market, by Power Rating, 2021-2031 (Revenue, $Thousand)
Table 24. Mexico Microturbine Market, by Application, 2021-2031 (Revenue, $Thousand)
Table 25. Mexico Microturbine Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 26. Europe Microturbine Market, by Power Rating, 2021-2031 (Revenue, $Thousand)
Table 27. Europe Microturbine Market, by Application, 2021-2031 (Revenue, $Thousand)
Table 28. Europe Microturbine Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 29. Europe Microturbine Market, by Country, 2021-2031 (Revenue, $Thousand)
Table 30. Germany Microturbine Market, by Power Rating, 2021-2031 (Revenue, $Thousand)
Table 31. Germany Microturbine Market, by Application, 2021-2031 (Revenue, $Thousand)
Table 32. Germany Microturbine Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 33. France Microturbine Market, by Power Rating, 2021-2031 (Revenue, $Thousand)
Table 34. France Microturbine Market, by Application, 2021-2031 (Revenue, $Thousand)
Table 35. France Microturbine Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 36. Italy Microturbine Market, by Power Rating, 2021-2031 (Revenue, $Thousand)
Table 37. Italy Microturbine Market, by Application, 2021-2031 (Revenue, $Thousand)
Table 38. Italy Microturbine Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 39. Spain Microturbine Market, by Power Rating, 2021-2031 (Revenue, $Thousand)
Table 40. Spain Microturbine Market, by Application, 2021-2031 (Revenue, $Thousand)
Table 41. Spain Microturbine Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 42. UK Microturbine Market, by Power Rating, 2021-2031 (Revenue, $Thousand)
Table 43. UK Microturbine Market, by Application, 2021-2031 (Revenue, $Thousand)
Table 44. UK Microturbine Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 45. Rest of Europe Microturbine Market, by Power Rating, 2021-2031 (Revenue, $Thousand)
Table 46. Rest of Europe Microturbine Market, by Application, 2021-2031 (Revenue, $Thousand)
Table 47. Rest of Europe Microturbine Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 48. Asia-Pacific Microturbine Market, by Power Rating, 2021-2031 (Revenue, $Thousand)
Table 49. Asia-Pacific Microturbine Market, by Application, 2021-2031 (Revenue, $Thousand)
Table 50. Asia-Pacific Microturbine Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 51. Asia-Pacific Microturbine Market, by Country, 2021-2031 (Revenue, $Thousand)
Table 52. China Microturbine Market, by Power Rating, 2021-2031 (Revenue, $Thousand)
Table 53. China Microturbine Market, by Application, 2021-2031 (Revenue, $Thousand)
Table 54. China Microturbine Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 55. Japan Microturbine Market, by Power Rating, 2021-2031 (Revenue, $Thousand)
Table 56. Japan Microturbine Market, by Application, 2021-2031 (Revenue, $Thousand)
Table 57. Japan Microturbine Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 58. India Microturbine Market, by Power Rating, 2021-2031 (Revenue, $Thousand)
Table 59. India Microturbine Market, by Application, 2021-2031 (Revenue, $Thousand)
Table 60. India Microturbine Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 61. South Korea Microturbine Market, by Power Rating, 2021-2031 (Revenue, $Thousand)
Table 62. South Korea Microturbine Market, by Application, 2021-2031 (Revenue, $Thousand)
Table 63. South Korea Microturbine Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 64. Rest of Asia-Pacific Microturbine Market, by Power Rating, 2021-2031 (Revenue, $Thousand)
Table 65. Rest of Asia-Pacific Microturbine Market, by Application, 2021-2031 (Revenue, $Thousand)
Table 66. Rest of Asia-Pacific Microturbine Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 67. LAMEA Microturbine Market, by Power Rating, 2021-2031 (Revenue, $Thousand)
Table 68. LAMEA Microturbine Market, by Application, 2021-2031 (Revenue, $Thousand)
Table 69. LAMEA Microturbine Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 70. LAMEA Microturbine Market, by Country, 2021-2031 (Revenue, $Thousand)
Table 71. Brazil Microturbine Market, by Power Rating, 2021-2031 (Revenue, $Thousand)
Table 72. Brazil Microturbine Market, by Application, 2021-2031 (Revenue, $Thousand)
Table 73. Brazil Microturbine Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 74. Saudi Arabia Microturbine Market, by Power Rating, 2021-2031 (Revenue, $Thousand)
Table 75. Saudi Arabia Microturbine Market, by Application, 2021-2031 (Revenue, $Thousand)
Table 76. Saudi Arabia Microturbine Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 77. South Africa Microturbine Market, by Power Rating, 2021-2031 (Revenue, $Thousand)
Table 78. South Africa Microturbine Market, by Application, 2021-2031 (Revenue, $Thousand)
Table 79. South Africa Microturbine Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 80. Rest of LAMEA Microturbine Market, by Power Rating, 2021-2031 (Revenue, $Thousand)
Table 81. Rest of LAMEA Microturbine Market, by Application, 2021-2031 (Revenue, $Thousand)
Table 82. Rest of LAMEA Microturbine Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 83. Capstone Green Energy Corporation: Key Executives
Table 84. Capstone Green Energy Corporation: Company Snapshot
Table 85. Capstone Green Energy Corporation: Product Segments
Table 86. Capstone Green Energy Corporation: Product Portfolio
Table 87. Capstone Green Energy Corporation: Key Stratergies
Table 88. Flexenergy Solutions: Key Executives
Table 89. Flexenergy Solutions: Company Snapshot
Table 90. Flexenergy Solutions: Product Segments
Table 91. Flexenergy Solutions: Product Portfolio
Table 92. Flexenergy Solutions: Key Stratergies
Table 93. Brayton Energy, LLC: Key Executives
Table 94. Brayton Energy, LLC: Company Snapshot
Table 95. Brayton Energy, LLC: Product Segments
Table 96. Brayton Energy, LLC: Product Portfolio
Table 97. Icr Turbine Engine Corporation: Key Executives
Table 98. Icr Turbine Engine Corporation: Company Snapshot
Table 99. Icr Turbine Engine Corporation: Product Segments
Table 100. Icr Turbine Engine Corporation: Product Portfolio
Table 101. Calnetix Technologies, LLC: Key Executives
Table 102. Calnetix Technologies, LLC: Company Snapshot
Table 103. Calnetix Technologies, LLC: Product Segments
Table 104. Calnetix Technologies, LLC: Product Portfolio
Table 105. Ansaldo Energia Spa: Key Executives
Table 106. Ansaldo Energia Spa: Company Snapshot
Table 107. Ansaldo Energia Spa: Product Segments
Table 108. Ansaldo Energia Spa: Product Portfolio
Table 109. Bladon Micro Turbine: Key Executives
Table 110. Bladon Micro Turbine: Company Snapshot
Table 111. Bladon Micro Turbine: Product Segments
Table 112. Bladon Micro Turbine: Product Portfolio
Table 113. Micro Turbine Technology B.V.: Key Executives
Table 114. Micro Turbine Technology B.V.: Company Snapshot
Table 115. Micro Turbine Technology B.V.: Product Segments
Table 116. Micro Turbine Technology B.V.: Product Portfolio
Table 117. Toyota Turbine Systems: Key Executives
Table 118. Toyota Turbine Systems: Company Snapshot
Table 119. Toyota Turbine Systems: Product Segments
Table 120. Toyota Turbine Systems: Product Portfolio
Table 121. Turbotech Precision Engineering Pvt. Ltd.: Key Executives
Table 122. Turbotech Precision Engineering Pvt. Ltd.: Company Snapshot
Table 123. Turbotech Precision Engineering Pvt. Ltd.: Product Segments
Table 124. Turbotech Precision Engineering Pvt. Ltd.: Product Portfolio

List of Figures
Figure 01. Microturbine Market, 2021-2031
Figure 02. Segmentation of Microturbine Market, 2021-2031
Figure 03. Top Investment Pockets in Microturbine Market (2022-2031)
Figure 04. High Bargaining Power of Suppliers
Figure 05. Moderate Bargaining Power of Buyers
Figure 06. High Threat of Substitutes
Figure 07. High Threat of New Entrants
Figure 08. Moderate Intensity of Rivalry
Figure 09. Drivers, Restraints and Opportunities: Globalmicroturbine Market
Figure 10. Impact of Key Regulation: Microturbine Market
Figure 11. Value Chain Analysis: Microturbine Market
Figure 12. Microturbine Market, by Power Rating, 2021 (%)
Figure 13. Comparative Share Analysis of Microturbine Market for 12 Kw - 50Kw, by Country 2021-2031 (%)
Figure 14. Comparative Share Analysis of Microturbine Market for 50 Kw - 250 Kw, by Country 2021-2031 (%)
Figure 15. Comparative Share Analysis of Microturbine Market for 250 Kw - 500 Kw, by Country 2021-2031 (%)
Figure 16. Microturbine Market, by Application, 2021 (%)
Figure 17. Comparative Share Analysis of Microturbine Market for Combined Heat and Power, by Country 2021-2031 (%)
Figure 18. Comparative Share Analysis of Microturbine Market for Standby Power, by Country 2021-2031 (%)
Figure 19. Microturbine Market, by End Use, 2021 (%)
Figure 20. Comparative Share Analysis of Microturbine Market for Residential, by Country 2021-2031 (%)
Figure 21. Comparative Share Analysis of Microturbine Market for Commercial, by Country 2021-2031 (%)
Figure 22. Comparative Share Analysis of Microturbine Market for Industrial, by Country 2021-2031 (%)
Figure 23. Microturbine Market by Region, 2021
Figure 24. U.S. Microturbine Market, 2021-2031 ($Thousand)
Figure 25. Canada Microturbine Market, 2021-2031 ($Thousand)
Figure 26. Mexico Microturbine Market, 2021-2031 ($Thousand)
Figure 27. Germany Microturbine Market, 2021-2031 ($Thousand)
Figure 28. France Microturbine Market, 2021-2031 ($Thousand)
Figure 29. Italy Microturbine Market, 2021-2031 ($Thousand)
Figure 30. Spain Microturbine Market, 2021-2031 ($Thousand)
Figure 31. UK Microturbine Market, 2021-2031 ($Thousand)
Figure 32. Rest of Europe Microturbine Market, 2021-2031 ($Thousand)
Figure 33. China Microturbine Market, 2021-2031 ($Thousand)
Figure 34. Japan Microturbine Market, 2021-2031 ($Thousand)
Figure 35. India Microturbine Market, 2021-2031 ($Thousand)
Figure 36. South Korea Microturbine Market, 2021-2031 ($Thousand)
Figure 37. Rest of Asia-Pacific Microturbine Market, 2021-2031 ($Thousand)
Figure 38. Brazil Microturbine Market, 2021-2031 ($Thousand)
Figure 39. Saudi Arabia Microturbine Market, 2021-2031 ($Thousand)
Figure 40. South Africa Microturbine Market, 2021-2031 ($Thousand)
Figure 41. Rest of LAMEA Microturbine Market, 2021-2031 ($Thousand)
Figure 42. Top Winning Strategies, by Year
Figure 43. Top Winning Strategies, by Development
Figure 44. Top Winning Strategies, by Company
Figure 45. Product Mapping of Top 10 Players
Figure 46. Competitive Dashboard
Figure 47. Competitive Heatmap: Microturbine Market
Figure 48. Top Player Positioning, 2021
Figure 49. Capstone Green Energy Corporation: Net Sales, 2020-2022 ($Million)
Figure 50. Capstone Green Energy Corporation: Revenue Share by Segment, 2022 (%)
Figure 51. Capstone Green Energy Corporation: Revenue Share by Region, 2022 (%)
Figure 52. Ansaldo Energia Spa: Net Sales, 2020-2021 ($Million)
Figure 53. Ansaldo Energia Spa: Revenue Share by Segment, 2021 (%)
Figure 54. Ansaldo Energia Spa: Revenue Share by Region, 2021 (%)

Executive Summary

According to the report titled, “Microturbine Market," The microturbine market was valued at $234.7 million in 2021, and is estimated to reach $547.9 million by 2031, growing at a CAGR of 8.9% from 2022 to 2031.

Microturbine are small combustion turbines that use microelectromechanical system technology to transform fluid energy into mechanical energy. Microturbine are a relatively new method for generating electricity. Microturbine 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.

One of the key drivers of the microturbine market is that governments across the globe are promoting sustainable energy sources, which can reduce carbon emissions, unlike conventional power sources. Furthermore, the growth in prominence of various technologies such as run-of-river, low-head turbines, and small hydro plants, which help in the generation of kinetic energy that can be used for different purposes is gaining importance. Thus, the surge in demand for such renewable power sources is expected to drive the growth of hydraulic turbines. Furthermore, the rapid innovation in wind energy power generation which can be used on residential rooftops has created a significant impact on the demand for the micro wind turbine. In addition, innovative research on the production of biofuels in modern times at low prices has led to the utilization of biofuels and biogas as fuel in power generation and transportation.

Increased urbanization and economic development leads to a rapid rise in energy demand globally, which in turn enhances Green House Gas (GHG) emissions. To control greenhouse gas and several other issues such as air and water pollution government is introducing policies for promoting renewable energy, for instance, wind, solar, biomass, and geothermal energy. Thus, most of the countries made significant strides toward converting their energy bases from fossil fuels to renewable energies; for instance, Denmark which supplied more than 95% of its national energy from fossil fuels earlier, now supplies more than 30% from wind and other renewable sources. Hence, an increase in government support and promotion of wind microturbines is expected to experience significant growth.

Microturbines have compounding issues such as air filtration, thermal differential, multi-zone combustion and fuel injection, sealing, erosion, possible lubrication, noise, vibration, and harshness have created challenges for the development of the market. Micro wind turbines are heavily reliant on weather therefore aren’t cable of generating power 24/7. In addition, the construction of microturbines increases the complexity and stability of the microturbines compared to conventional turbines which are used in power generation and other applications. The abovementioned factor is expected to hamper microturbine market expansion during the forecast period.

The global microturbine 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.

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.

COVID-19 Impact Analysis

The outbreak of the pandemic has created awareness among the people regarding the environment which has led to the gradual shift towards eco-friendly applications. Microturbines are being used in power generation, combined heat and power, and other applications. However, the shutdown of industries and the decline in the demand for power have created a huge decline in the demand for the microturbine market.

In major economies including the U.S., Canada, Germany, China, and India, the COVID-19 epidemic caused the temporary and long-term suspension of production and building activity. Various other nations have experienced a similar economic downturn. The worldwide microturbine market was severely impacted by this drop in industrial production and the postponement of building projects. The COVID-19 pandemic affected key end users of microturbine such as power generation due to an increase in awareness among the players regarding eco-friendly power generation.

Key findings of the study

• On the basis of power rating, the 50 KW to 250 KW segment is projected to grow at the highest CAGR of approximately 8.6%, in terms of revenue, during the forecast period.
• On the basis of application, the combined heat and power segment is projected to grow at the highest CAGR of approximately 8.8%, in terms of revenue, during the forecast period.
• On the basis of end use, the industrial segment is projected to grow at the highest CAGR of approximately 8.6%, in terms of revenue, during the forecast period.
• Region-wise, Asia-Pacific is projected to grow at the highest CAGR of 9.1%, in terms of revenue, during the forecast period.

Companies Mentioned

• 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.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.