Market Research

Microturbine Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Power Rating (12 kW–50 kW, 50 kW–250 kW, 250 kW–500 kW, 501 kW–1000 kW); By Application (Combined Heat and Power (CHP), Standby Power); By E

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from $4,450 240 Pages BlueWeave Consulting December, 2022 BLWC17630957
Best Price Guarantee
Price from $4,450
Length 240 Pages
Publisher BlueWeave Consulting
Published Date December, 2022
SKU BLWC17630957

Microturbine Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Power Rating (12 kW–50 kW, 50 kW–250 kW, 250 kW–500 kW, 501 kW–1000 kW); By Application (Combined Heat and Power (CHP), Standby Power); By End User (Industrial, Commercial, Residential); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Global Microturbine Market Size Zooming to Cross USD 407 Million by 2029
Global microturbine market size is flourishing owing to the growing demand for energy, economic benefits of using microturbines, increased efforts to reduce global greenhouse gas emissions, and increased acceptance of combined heat and power (CHP) systems.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects global microturbine market size to reach a value USD 407.34 million by 2029. During the forecast period between 2023 and 2029, BlueWeave projects global microturbine market size to grow at an impressive CAGR of 18.2%. The world's sharply rising energy demand is one of the main factors propelling the expansion of global microturbine market. Microturbines provide stable and dependable power with low emissions of greenhouse gases (GHGs) like carbon dioxide (CO2), carbon monoxide (CO), sulfur oxide (SO2), and nitrogen oxide (NOx), and there is also a growing emphasis on green and sustainable power generation, which is boosting market growth. The market is also expanding due to the widespread adoption of CHP systems across industries. Microturbine are frequently used in wastewater treatment facilities, breweries, paper and rubber mills, and the residential sector to provide residual heat in cold climates.
Global Microturbine Market – Overview
A microturbine is a small combustion turbine that burns liquid or gaseous fuels to power an electric generator. It burns natural gas, waste heat from thermal plants, and fossil fuels, such as kerosene, diesel, and heating oil. It is primarily used to generate small amounts of electricity and is equipped with a compressor, combustor, alternator, turbine, generator, and recuperator. It works by recovering exhaust energy and warming compressed inlet air to increase the generator's electrical efficiency. Microturbines are smaller, lighter, and less expensive than conventional alternatives, with fewer moving parts, emissions, and fuel waste. They are widely used in the provision of standby power, combined cooling, heating, and power (CCHP), combined heat and power (CHP), resource recovery, and microgrids due to these advantages.
The clean energy trend forces a decrease in greenhouse gas emissions as well as other emissions. Additionally, the global market for microturbines is being driven by the high efficiency-low carbon emission characteristics of natural gas-fired power plants.

The demand for microturbines, especially from CHP plants, is primarily driven by cogeneration of power and heat, which enables high-efficiency energy generation with significant primary energy savings of up to 40%.
Opportunity: Technology innovations to enhance microturbine’s efficiency
One of the most significant advantages of microturbines is their ability to operate on various fuels. Thermal barrier coatings and ceramics are used in microturbine systems to boost efficiency, which ultimately raises the operating temperature of the resulting engine. The market is expected to be further supported by such technology advancements in microturbines for power generation. Hybrid electric vehicles are driving the demand for low-power-rating microturbines the most. The market is expected to gain momentum soon as major original equipment manufacturers (OEMs) increase their funding for R&D initiatives aimed at enhancing microturbine efficiency.
Challenge: High volatility in oil and gas prices
Fluctuations in oil prices are expected to constrain the overall industry growth. Crude oil prices have plummeted in recent years, reducing market revenue. Over the forecast period, industrialization in Asia Pacific and the Middle East is expected to emerge as a major development opportunity. Shortly, market growth will be hampered by fierce competition from currently available distributed generation equipment.
Impact of COVID-19 on Global Microturbine Market
The COVID-19 pandemic had a significant impact on the market for microturbine systems. The pandemic outbreak led to significant lockdowns in many countries around the world. The use of drone and eVTOL increased during the lockdown, due to their efficiency in population surveillance. Most developed and developing countries prefer drones to monitor the populace and ensure their safety. For instance, 61 passenger-grade drones for societal surveillance were available from EHang, a Chinese aircraft manufacturer, in March 2020. Such activities highlight the numerous uses of these tools in viral outbreaks. An increasing use of drones are expected to drive the demand for microturbines.
Global Microturbine Market – By Application
The global microturbine market is segmented into Standby Power and Combined Heat and Power (CHP) based on application. The CHP industry dominated the global micro turbines market in 2021. The energy-efficient CHP system produces electricity while also absorbing waste heat to produce thermal energy that can be used to heat and cool spaces. CHP can exist as a standalone building or plant or as a part of a utility system. The term combined heat and power is used in settings where both electrical and thermal energy is needed. Rising environmental concerns are a result of increasing demand for CHP systems. The standby power segment is expected to grow rapidly during the forecast period. Commercial establishments use standby power during a power outage. Because of the increase in electricity demand, there is an increasing demand for standby power. As a result, this factor is driving the segment's expansion.
Competitive Landscape
Major players in global microturbine market include Microturbine LLC, NewEnCo, Ansaldo Energia S.p.A, FlexEnergy, Elliot Company Inc., Ingersoll-Rand Company, Capstone Turbine Corporation, Bladon Micro Turbine, UAV Turbine, Ansaldo Energia, Aurelia Turbine, MTT Microturbine, FlexEnergy Inc., ICR Turbine Engine Corporation, Dresser-Rand, Turbo Tech Precision Engineering Pvt Ltd, Brayton Energy LLC, Calentix Technologies LLC, and Wilson Solar power Corporation. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in global microturbine market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Microturbine Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Microturbine Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.


1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Global Microturbine Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Increasing energy demand
3.2.1.2. Adoption of CHP systems over various industries
3.2.2. Restraints
3.2.2.1. Fluctuation in gas & oil prices
3.2.3. Opportunities
3.2.3.1. Replacement of phased-out nuclear & coal plants
3.2.4. Challenges
3.2.4.1. High installation and maintenance cost of microturbines
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Global Microturbine Market Overview
4.1. Market Size & Forecast, 2019–2029
4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
4.2.1. By Power Rating
4.2.1.1. 12 kW–50 kW
4.2.1.2. 50 kW–250 kW
4.2.1.3. 250 kW–500 kW
4.2.1.4. 501 kW–1000kW
4.2.2. By Application
4.2.2.1. Combined Heat and Power (CHP)
4.2.2.2. Standby Power
4.2.3. By End User
4.2.3.1. Industrial
4.2.3.2. Commercial
4.2.3.3. Residential
4.2.4. By Region
4.2.4.1. North America
4.2.4.2. Europe
4.2.4.3. Asia Pacific
4.2.4.4. Latin America
4.2.4.5. Middle East and Africa
5. North America Microturbine Market
5.1.1. Market Size & Forecast, 2019–2029
5.1.2. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Power Rating
5.2.2. By Application
5.2.3. By End User
5.2.4. By Country
5.2.4.1. United States
5.2.4.1.1. By Power Rating
5.2.4.1.2. By Application
5.2.4.1.3. By End User
5.2.4.2. Canada
5.2.4.2.1. By Power Rating
5.2.4.2.2. By Application
5.2.4.2.3. By End User
6. Europe Microturbine Market
6.1. Market Size & Forecast, 2019–2029
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Power Rating
6.2.2. By Application
6.2.3. By End User
6.2.4. By Country
6.2.4.1. Germany
6.2.4.1.1. By Power Rating
6.2.4.1.2. By Application
6.2.4.1.3. By End User
6.2.4.2. United Kingdom
6.2.4.2.1. By Power Rating
6.2.4.2.2. By Application
6.2.4.2.3. By End User
6.2.4.3. Italy
6.2.4.3.1. By Power Rating
6.2.4.3.2. By Application
6.2.4.3.3. By End User
6.2.4.4. France
6.2.4.4.1. By Power Rating
6.2.4.4.2. By Application
6.2.4.4.3. By End User
6.2.4.5. Spain
6.2.4.5.1. By Power Rating
6.2.4.5.2. By Application
6.2.4.5.3. By End User
6.2.4.6. The Netherlands
6.2.4.6.1. By Power Rating
6.2.4.6.2. By Application
6.2.4.6.3. By End User
6.2.4.7. Belgium
6.2.4.7.1. By Power Rating
6.2.4.7.2. By Application
6.2.4.7.3. By End User
6.2.4.8. NORDIC Countries
6.2.4.8.1. By Power Rating
6.2.4.8.2. By Application
6.2.4.8.3. By End User
6.2.4.9. Rest of Europe
6.2.4.9.1. By Power Rating
6.2.4.9.2. By Application
6.2.4.9.3. By End User
7. Asia Pacific Microturbine Market
7.1. Market Size & Forecast, 2019–2029
7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
7.2.1. By Power Rating
7.2.2. By Application
7.2.3. By End User
7.2.4. By Country
7.2.4.1. China
7.2.4.1.1. By Power Rating
7.2.4.1.2. By Application
7.2.4.1.3. By End User
7.2.4.2. India
7.2.4.2.1. By Power Rating
7.2.4.2.2. By Application
7.2.4.2.3. By End User
7.2.4.3. Japan
7.2.4.3.1. By Power Rating
7.2.4.3.2. By Application
7.2.4.3.3. By End User
7.2.4.4. South Korea
7.2.4.4.1. By Power Rating
7.2.4.4.2. By Application
7.2.4.4.3. By End User
7.2.4.5. Australia & New Zealand
7.2.4.5.1. By Power Rating
7.2.4.5.2. By Application
7.2.4.5.3. By End User
7.2.4.6. Indonesia
7.2.4.6.1. By Power Rating
7.2.4.6.2. By Application
7.2.4.6.3. By End User
7.2.4.7. Malaysia
7.2.4.7.1. By Power Rating
7.2.4.7.2. By Application
7.2.4.7.3. By End User
7.2.4.8. Singapore
7.2.4.8.1. By Power Rating
7.2.4.8.2. By Application
7.2.4.8.3. By End User
7.2.4.9. Philippines
7.2.4.9.1. By Power Rating
7.2.4.9.2. By Application
7.2.4.9.3. By End User
7.2.4.10. Vietnam
7.2.4.10.1. By Power Rating
7.2.4.10.2. By Application
7.2.4.10.3. By End User
7.2.4.11. Rest of Asia Pacific
7.2.4.11.1. By Power Rating
7.2.4.11.2. By Application
7.2.4.11.3. By End User
8. Latin America Microturbine Market
8.1. Market Size & Forecast, 2019–2029
8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
8.2.1. By Power Rating
8.2.2. By Application
8.2.3. By End User
8.2.4. By Country
8.2.4.1. Brazil
8.2.4.1.1. By Power Rating
8.2.4.1.2. By Application
8.2.4.1.3. By End User
8.2.4.2. Mexico
8.2.4.2.1. By Power Rating
8.2.4.2.2. By Application
8.2.4.2.3. By End User
8.2.4.3. Argentina
8.2.4.3.1. By Power Rating
8.2.4.3.2. By Application
8.2.4.3.3. By End User
8.2.4.4. Peru
8.2.4.4.1. By Power Rating
8.2.4.4.2. By Application
8.2.4.4.3. By End User
8.2.4.5. Colombia
8.2.4.5.1. By Power Rating
8.2.4.5.2. By Application
8.2.4.5.3. By End User
8.2.4.6. Rest of Latin America
8.2.4.6.1. By Power Rating
8.2.4.6.2. By Application
8.2.4.6.3. By End User
9. Middle East & Africa Microturbine Market
9.1. Market Size & Forecast, 2019–2029
9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
9.2.1. By Power Rating
9.2.2. By Application
9.2.3. By End User
9.2.4. By Country
9.2.4.1. Saudi Arabia
9.2.4.1.1. By Power Rating
9.2.4.1.2. By Application
9.2.4.1.3. By End User
9.2.4.2. UAE
9.2.4.2.1. By Power Rating
9.2.4.2.2. By Application
9.2.4.2.3. By End User
9.2.4.3. Qatar
9.2.4.3.1. By Power Rating
9.2.4.3.2. By Application
9.2.4.3.3. By End User
9.2.4.4. Kuwait
9.2.4.4.1. By Power Rating
9.2.4.4.2. By Application
9.2.4.4.3. By End User
9.2.4.5. Iran
9.2.4.5.1. By Power Rating
9.2.4.5.2. By Application
9.2.4.5.3. By End User
9.2.4.6. South Africa
9.2.4.6.1. By Power Rating
9.2.4.6.2. By Application
9.2.4.6.3. By End User
9.2.4.7. Nigeria
9.2.4.7.1. By Power Rating
9.2.4.7.2. By Application
9.2.4.7.3. By End User
9.2.4.8. Kenya
9.2.4.8.1. By Power Rating
9.2.4.8.2. By Application
9.2.4.8.3. By End User
9.2.4.9. Egypt
9.2.4.9.1. By Power Rating
9.2.4.9.2. By Application
9.2.4.9.3. By End User
9.2.4.10. Morocco
9.2.4.10.1. By Power Rating
9.2.4.10.2. By Application
9.2.4.10.3. By End User
9.2.4.11. Algeria
9.2.4.11.1. By Power Rating
9.2.4.11.2. By Application
9.2.4.11.3. By End User
9.2.4.12. Rest of Middle East & Africa
9.2.4.12.1. By Power Rating
9.2.4.12.2. By Application
9.2.4.12.3. By End User
10. Competitive Landscape
10.1. List of Key Players and Their Offerings
10.2. Global Microturbine Company Market Share Analysis, 2022
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, and others)
11. Impact of Covid-19 on Global Microturbine Market
12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
12.1. Microturbine LLC
12.2. NewEnCo
12.3. Ansaldo Energia S.p.A
12.4. FlexEnergy
12.5. Elliot Company Inc.
12.6. Ingersoll-Rand Company
12.7. Capstone Turbine Corporation
12.8. Bladon Micro Turbine
12.9. UAV Turbine
12.10. Ansaldo Energia
12.11. Aurelia Turbine
12.12. MTT Microturbine
12.13. FlexEnergy Inc.
12.14. ICR Turbine Engine Corporation
12.15. Dresser-Rand
12.16. Turbo Tech Precision Engineering Pvt., Ltd.
12.17. Brayton Energy, LLC
12.18. Calentix Technologies LLC
12.19. Wilson Solarpower Corporation
12.20. Other Prominent Players
13. Key Strategic Recommendations
14. Research Methodology
14.1. Qualitative Research
14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
14.3.1. Secondary Research
14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations

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