Micro Gas Turbine for Aeroderivative and Energy Market Research Report Information By Technology (Non-Recuperated, Recuperated), By Capacity (25kW to 100kW, 100kW to 300kW, 300kW to 500kW) By Force (400N – 700N, 700N – 1000N, 1500N – 2000N) By Fuel Type (Natural Gas, Methane, Hydrogen, Biogas, SAF, Others), End User (Power Generation, Combined Heat and Power (CHP), Combined Cooling, Heating, and Power (CCHP), Waste Heat Recovery, Oil and Gas Industry, Electric Vehicle (EV) Charging, Emergency Backup, Aviation {eVTOL, Commercial Drones, Defense, Other Aviation}, Others ) and By Region -Industry Forecast to 2034
In 2023, the market size of micro gas turbines for the aeroderivative and energy sectors was estimated to be USD 125,453.7 thousand. The Micro Gas Turbine for Aeroderivative and Energy Market is anticipated to experience a compound annual growth rate (CAGR) of 8.11% during the forecast period, increasing from USD 138,162.2 Thousand in 2024 to USD 301,460.2 Thousand by 2034.
Micro gas turbines (MGTs) are high-speed turbines that are compact and used to produce electricity and occasionally heat. Their power output typically ranges from a few kilowatts to several hundred kilowatts. Compressor, combustor, turbine, and generator comprise these turbines. The compressor compresses the incoming air to a high pressure, which is then combined with fuel and ignited in the combustor to generate high-temperature, high-pressure gas. The turbine is powered by this gas, which in turn powers the compressor and generates electricity through the generator. MGTs are highly regarded for their compact size, minimal emissions, and capacity to operate on a variety of fuels, including liquid fuels, biogas, and natural gas. They are frequently employed as reserve power sources, in decentralized power generation, and in combined heat and power (CHP) systems.
Market segment insightsThe Micro Gas Turbine for Aeroderivative and Energy Market has been segmented into Non-Recuperated and Recuperated based on technology.
The market has been categorized into three categories: 25kW to 100kW, 100kW to 300kW, and 300kW to 500kW, all of which are based on capacity.
The Market has been categorized into three categories: 400N – 700N, 700N – 1000N, and 1500N – 2000N, as determined by the Force.
The Micro Gas Turbine for Aeroderivative and Energy Market has been categorized into the following categories based on the fuel type: Natural gas, Methane, Hydrogen, Biogas, SAF, and Others.
The market has been segmented into the following end-uses: Power Generation, Combined Heat and Power (CHP), Combined Cooling, Heating, and Power (CCHP), Waste Heat Recovery, Oil and Gas Industry, Electric Vehicle (EV) Charging, Emergency Backup Aviation, and Other End-Use.
Regional PerspectivesNorth America, Europe, Asia-Pacific, Middle East & Africa, and Latin America comprise the Micro Gas Turbine for Aeroderivative and Energy market, which is segmented by region. The North American Micro Gas Turbine for Aeroderivative and Energy market achieved the highest market share and is anticipated to contribute a substantial revenue share during the forecast period. The aeroderivative and energy sectors in the North American market for micro gas turbines, which includes the U.S., Canada, and Mexico, are experiencing robust growth as a result of favorable policies and key market drivers.
The Aeroderivative and Energy Market of Micro Gas Turbines is marked by a high level of competition, as numerous actors have emerged to compete for market share. In the Micro Gas Turbine for Aeroderivative and Energy Market, the top 10 companies in the market hold a substantial market share. Micro Gas Turbine for Aeroderivative and Energy Market is a dynamic competitive landscape, with companies consistently expanding and innovating their product offerings.
Major PlayersCapstone Green Energy, GE (General Electric), Rolls-Royce Holdings plc, Safran, Ansaldo Energia S.p.A, Bladon Micro Turbine, UAV Turbines, Aurelia Turbines, Solar Turbines, and others are among the key companies in the Micro Gas Turbine for Aeroderivative and Energy Market.