Global Microturbines Market Growth 2023-2029

Global Microturbines Market Growth 2023-2029

The Microturbine generates power and is a combination of a small gas turbine and high speed generator. The combustor in a microturbine can run on various types of fuel such as diesel, natural gas, biogas, alcohol, hydrogen, and LPG, emitting negligible toxicity. Microturbines can generate

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

This Insight Report provides a comprehensive analysis of the global Microturbines 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 Microturbines portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Microturbines market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Microturbines 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 Microturbines.

The global Microturbines market size is projected to grow from US$ 317 million in 2022 to US$ 507.3 million in 2029; it is expected to grow at a CAGR of 507.3 from 2023 to 2029.

Global Microturbines key players include Capstone, Elliott Group, FlexEnergy, Solar Turbines , Ansaldo Energia, etc. Global top five players hold a share about 90%.

North America is the largest market, with a share about 70%, followed by Europe and Japan, having a total share about 25 percent.

In terms of product, Recuperated Microturbines is the largest segment, with a share about 55%. And in terms of application, the largest application is Energy Efficiency, followed by Critical Power Supply, Renewable Energy, Moblie Production, Oil,Gas and Other.

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

Market Segmentation:

Segmentation by type

Unrecuperated Microturbines

Recuperated Microturbines

Segmentation by application

Critical Power Supply

Energy Efficiency

Renewable Energy

Moblie Production

Oil,Gas and Other

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

Elliott Group

FlexEnergy

Solar Turbines Incorporated

Ansaldo Energia

Micro Turbine Technology BV

Niigata Power

BLADON JETS

Key Questions Addressed in this Report

What is the 10-year outlook for the global Microturbines market?

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

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

How do Microturbines market opportunities vary by end market size?

How does Microturbines 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.