About Microturbines
Microturbines are small size combustion turbines almost the size of a refrigerator with outputs of 25kW to 500kW. They have emerged from automotive components, truck turbochargers, auxiliary power units (APUs) for airplanes, jet engines, etc. The microturbines consist of a compressor, combustor, turbine, alternator, recuperator, and generator. The single shaft or two shafts, simple cycle or recuperated, inter-cooled and reheat are some parts of the components. These machines usually rotate over 40,000 rpm, the microturbines are operated with a wide range of gases and liquid fuels out of which natural gas is most commonly used in turbines.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Capstone Turbine Corporation (United States), Flex Energy Solutions (United States), Ansaldo Energia S.p.A. (Italy), Micro Turbine Technology B.V. (Netherlands), Calnetix Technologies, LLC. (United States), Bladon Jets (United Kingdom) and UAV Turbines, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Microturbines market by Type (Unrecuperated Microturbines and Recuperated Microturbine), Application (Combined Heat and Power (CHP), Microgrid, Critical Power Supply, Mobile Power Generation and Other) and Region.
On the basis of geography, the market of Microturbines has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Verticals, the sub-segment i.e. Aircraft Industry will boost the Microturbines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fuel, the sub-segment i.e. Natural Gas will boost the Microturbines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Advent of Hybrid Electric Microturbines for Drones and Technological Advancements in Microturbines Technology
Market Growth Drivers:
Increasing demand for electricity and other energy sources is driving the microturbine market, it is widely used greenhouses, apartment buildings, retail stores where heat and electricity are used in large volume. The microturbines provide efficiency and optimum utilization of resources without wasting the left out fuel.
Challenges:
Intense Competition Due to Various Players in the Market
Restraints:
Stringent Regulatory Guidelines Associated with Microturbines and Adverse Environmental Effects
Opportunities:
Investments in Industrial Energy Infrastructure and Growth in the Commercial UAV Market will Boost the Microturbine Market
Market Leaders and their expansionary development strategies
In February 2020, UAV Turbines, Inc., a pioneer of microturbine technology, has launched of its lightweight, military-grade microturbine generator platform for on-demand electrical power ranging from 3kW to 40kW. UAVT has extended the use of its micro propulsion technology family, the Monarch 1, by developing a portable Micro-Turbogenerator System
On 10th December 2019, UAV Turbines, Inc launched the demonstrator hybrid electric microturbine to be used in unmanned air vehicles (UAVs) to harness the efficiency and speed of an electric motor. Previously the Monarch Hybrid Range Extender demonstrator was unveiled in September to be used in UAVs which was the miniature version of the propulsion system found in the aircraft.
Key Target Audience
Microturbines Manufacturers, Microturbines International Traders, Microturbines Distributors and Suppliers, Research and Development Institutes, Potential Investors, Industry Associations, Upstream and Downstream Buyers, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.