Quick Summary:
In an era where clean, reliable, and efficient energy sources are expanding their footprint within global markets, the Microturbines sector stands at the forefront of potential growth. As a leader or decision maker in a related field, it is crucial to stay informed on the market dynamics, competitive advantages, and potential future directions surrounding these compact power generators.
Our comprehensive market research report holds the vital insights for navigating the projected exponential growth, estimated to double from its present value of $53.1 Million to a staggering $103.8 Million by the year 2030. Moreover, it dissects individual segment rises such as the 12 KW-50KW microturbines hoping to reach $13.2 Million by the end of the analysis period. The report also offers market outlooks for key regions, including US, China, Japan, Canada, Germany and Asia-Pacific. With the inclusion of detailed profiles and key developments of select competitors, the report equips you with information to identify and capitalize on growth opportunities within the Microturbines space.
Global Microturbines Market to Reach $103.8 Million by 2030
The global market for Microturbines estimated at US$53.1 Million in the year 2022, is projected to reach a revised size of US$103.8 Million by 2030, growing at a CAGR of 8.7% over the analysis period 2022-2030. 12 KW-50 KW, one of the segments analyzed in the report, is projected to record a 6% CAGR and reach US$13.2 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the 51 KW-250 KW segment is readjusted to a revised 8.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $14.5 Million, While China is Forecast to Grow at 11.9% CAGR
The Microturbines market in the U.S. is estimated at US$14.5 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$21.9 Million by the year 2030 trailing a CAGR of 11.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.4% and 6.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$15 Million by the year 2030.Select Competitors (Total 27 Featured) -
- 247Solar, Inc.
- Ansaldo Energia SpA
- Aurelia Turbines Oy
- Bladon Jets Holdings Ltd.
- Bowman Power Group Ltd.
- Capstone Turbine Corporation
- FlexEnergy
- ICR Turbine Engine Corporation (ICRTec)
- Micro Turbine Technology BV
- Turbo Tech Precision Engineering Pvt., Ltd.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Microturbines?
What is the growth rate of the Global Market for Microturbines?
What is the forecasted size of the Global Market for Microturbines?
Who are the key companies in the Global Market for Microturbines?
| Report Attribute | Details |
|---|---|
| No. of Pages | 182 |
| Published | November 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 53.1 Million |
| Forecasted Market Value ( USD | $ 103.8 Million |
| Compound Annual Growth Rate | 8.7% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- 247Solar, Inc.
- Ansaldo Energia SpA
- Aurelia Turbines Oy
- Bladon Jets Holdings Ltd.
- Bowman Power Group Ltd.
- Capstone Turbine Corporation
- FlexEnergy
- ICR Turbine Engine Corporation (ICRTec)
- Micro Turbine Technology BV
- Turbo Tech Precision Engineering Pvt., Ltd.
