Global Microturbine Generators Market Growth 2023-2029

Global Microturbine Generators Market Growth 2023-2029

The global Microturbine Generators market size is projected to grow from US$ 140.1 million in 2022 to US$ 267.5 million in 2029; it is expected to grow at a CAGR of 267.5 from 2023 to 2029.

The key manufacturers of Microturbine Generators in the world are Capstone, Ansaldo Energia, Bladon Micro Turbines, Micro Turbine Technology, Ennpower, FlexEnergy and Brayton Energy, among which the market share of the top three manufacturers is more than 70%, and the largest manufacturer is Ansaldo Energia. The global production of microturbine generators is mainly distributed in North America, Europe and China, among which the market share of the top three production regions is more than 90%. At present, North America is the largest production region. In terms of its products, less than 30 kW accounts for nearly 80% of the market share, followed by 30 to 100 kW, 101 to 300 kW and more than 300 kW. As far as its application is concerned, the power is a major field of its application, with a market share of more than 60%, followed by the oil and gas industry and transportation.

Microturbines are small gas turbines, about the size of a refrigerator, with a stand-alone output of less than 1000kW. They evolved from car and truck turbochargers, aircraft auxiliary power units (APUs) and small jet engines.

High-velocity exhaust gases from the combustor spin the turbines used in microturbines. The basic principle of how a microturbine works is that the compressor and generator are mounted on the same power shaft as the turbine. Therefore, the compressor and generator also rotate together with the turbine. The generator spins at the same speed as the turbine and generates electricity. Electricity is first provided to power conditioning equipment and then supplied to the area where it is needed. The burner is supplied with gaseous fuel by a gas compressor. The compressor also supplies fresh compressed air to the combustion chamber through a recuperator. Here, the heat exchanger plays an important heat exchanger role. It absorbs heat from the hot gases from the turbine. It then provides this heat to the compressed air from the compressor. Therefore, the air supplied to the burner is hot and compressed. This helps improve the overall efficiency of the cycle.

Microturbine systems offer many advantages over reciprocating engine generators, such as higher power density (relative to footprint and weight), very low emissions, and few or only one moving part. Those designed with foil bearings and air cooling do not require oils, coolants or other hazardous substances. Microturbines also have the advantage of containing most of the waste heat in the relatively high-temperature exhaust, whereas a reciprocating engine's waste heat is distributed between its exhaust and cooling system.

LPI (LP Information)' newest research report, the “Microturbine Generators Industry Forecast” looks at past sales and reviews total world Microturbine Generators sales in 2022, providing a comprehensive analysis by region and market sector of projected Microturbine Generators sales for 2023 through 2029. With Microturbine Generators sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Microturbine Generators industry.

This Insight Report provides a comprehensive analysis of the global Microturbine Generators landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Microturbine Generators portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Microturbine Generators market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Microturbine Generators and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Microturbine Generators.

This report presents a comprehensive overview, market shares, and growth opportunities of Microturbine Generators market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Below 30 KW
30 KW to 100KW
101KW to 300 KW
Above 300 KW

Segmentation by application
Power
Transportation
Oil & Gas
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Capstone
Ansaldo Energia
Bladon Micro Turbines
Micro Turbine Technology
Ennpower
FlexEnergy
Brayton Energy

Key Questions Addressed in this Report

What is the 10-year outlook for the global Microturbine Generators market?

What factors are driving Microturbine Generators market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Microturbine Generators market opportunities vary by end market size?

How does Microturbine Generators break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.