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Global Microturbine Market 2016-2020

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Key countries in each region
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Standard microturbine diagram
  • Market landscape
    • Market overview
      • Table Global microturbine market overview
    • Market size and forecast
      • Table Global microturbine market 2015-2020 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global microturbine market by application 2015-2020
      • Table Global microturbine market by application 2015-2020 (in %)
      • Table Global microturbine market by application 2015-2020 ($ millions)
    • Global microturbine market by cogeneration 2015-2020
      • Table Global microturbine market by cogeneration segment 2015-2020 ($ millions)
    • Global microturbine market by stand-by power 2015-2020
      • Table Global microturbine market by stand-by power segment 2015-2020 ($ millions)
  • Market segmentation by end-users
    • Microturbine market by end-users 2015-2020
      • Table Global microturbine market by end-users 2015-2020 (in %)
      • Table Global microturbine market by end-users 2015-2020 ($ millions)
    • Global microturbine market by industrial users 2015-2020
      • Table Global microturbine market by industrial users 2015-2020 ($ millions)
    • Global microturbine market by commercial users 2015-2020
      • Table Global microturbine market by commercial users 2015-2020 ($ millions)
    • Global microturbine market by residential users 2015-2020
      • Table Global microturbine market by residential users 2015-2020 ($ millions)
  • Geographical segmentation
    • Global microturbine market by geography 2015
      • Table Global microturbine market by geography 2015
      • Table Global microturbine market by geography 2015-2020
    • Microturbine market in the Americas 2015-2020
      • Table Microturbine market in Americas 2015-2020 ($ millions)
    • Microturbine market in EMEA 2015-2020
      • Table Microturbine market in EMEA 2015-2020 ($ millions)
    • Microturbine market in APAC 2015-2020
      • Table Microturbine market in APAC 2015-2020 ($ millions)
  • Market drivers
    • Strict regulations to curb carbon emissions enabling growth opportunities for microturbine market
    • Decommissioning of nuclear power plants creating a market opening for microturbines
    • Rise in distributed generation capacity propelling microturbines adoption
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • New technology market entry hurdles faced by microturbines
    • Competition from renewable energy options and fuel cell technology
    • Slowdown in the oil and gas industry impacting sales of microturbines
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Rising investment in R&D to use microturbines in the transportation industry
      • Table Evolution of EU fuel specifications (NOx) for passenger cars
    • Mixed impact of government policies and subsidies on microturbine market in the US
    • Lower initial cost in comparison to other low carbon emission substitutes
      • Table Power installation cost per kW of different power generation sources
    • High demand from telecom sector
      • Table Global mobile cellular subscriptions per 100 people 2010-2014
      • Table Estimated global telecom tower installations
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Ansaldo Energia
    • Bladon Jets
    • Capstone Turbine Corporation
      • Table Products offered by Capstone Turbine Corporation
    • FlexEnergy Inc.
  • Appendix
    • List of abbreviations
  • Explore Technavio

Global Microturbine Market 2016-2020

About Microturbines

A microturbine is a small combustion turbine whose output ranges between 25 kW and 500 kW. It can produce both heat and electricity but on a small scale compared to a normal turbine. The technology is relatively new in the distributed generation industry. Microturbines are primarily used in stationary power generation applications. R&D is going on to accommodate the technology in the transportation industry as well. Trials are being carried out for using microturbines in roadways and marine transportation. However, the widespread adoption of the technology in roadways and marine transportation is expected to happen toward the end of the forecast period.

Technavio’s analysts forecast the global microturbine market to grow at a CAGR of 21.32% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global microturbine market for 2016-2020. To calculate the market size, the report considers the revenue generated by the demand for microturbines for its application by end-users in each region and their corresponding key countries.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Microturbine Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Ansaldo Energia
  • Bladon Jets
  • Capstone Turbine
  • FlexEnergy
Other prominent vendors
  • Micro Turbine Tech BV
  • Wilson Solarpower
  • MME
Market driver
  • Decommissioning of nuclear power plants creating a market opening for microturbines
  • For a full, detailed list, view our report
Market challenge
  • Competition from renewable energy options and fuel cell technology
  • For a full, detailed list, view our report
Market trend
  • Mixed impact of government policies and subsidies on microturbine market in the US
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Microturbine Market 2016-2020

Technavio recognizes the following companies as the key players in the global microturbine market: Ansaldo Energia, Bladon Jets, Capstone Turbine, and FlexEnergy.

Other Prominent Vendors in the market are: Micro Turbine Tech BV, Wilson Solarpower, and MME.

Commenting on the report, an analyst from Technavio’s team said: “One of the key trends for market growth will be mixed impact of government policies and subsidies on microturbine market in the US. The US is quite a peculiar market and one of the most important ones for microturbines. Under the ITC Scheme, microturbines are eligible for a credit equal to 10% of expenditures, with the capping at $200 per kW of capacity. However, the ITC Scheme for certain clean technologies, namely CHP, microturbines, and fuel cells, is expiring in December 2016. Talks for extension of ITC Scheme for another five years,”

According to the report, one of the key drivers for market growth will be rise in adoption of distributed generation capacity propelling microturbines. Power generation, across countries in the world, is moving from centralized to integrated networks with increased reliance on distributed power generation systems. Distributed power technologies are less than 100 MW in size, with the standard being less than 50 MW, which is the limit that distribution systems can accommodate at distribution voltages. Distributed power technologies are characterized by high flexibility and are suited for a wide range of applications such as electric power, propulsion, and mechanical power. Distributed power technologies can operate in the stand-alone mode as well as work in an integrated system catering to the need of both large and small energy users.

Further, the report states that microturbine is a relatively new technology compared with its gas engine counterparts. The target customers of microturbines market would already have a source of energy. This makes companies reluctant to try out a new technology. Moreover, the initial switchover cost poses a hurdle to companies adopting a new product. Although the overall operating costs might be similar or even lesser for microturbines, the perceived high capital costs (for installation and commissioning) pose a challenge for the microturbine vendors. Due to limited years of presence in the market, customers are wary about the safety, maintenance, and repair cost associated with microturbines.

Companies Mentioned

Ansaldo Energia, Bladon Jets, Capstone Turbine, FlexEnergy, Micro Turbine Tech BV, Wilson Solarpower, MME.

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