Global Micro Turbine Market Growth 2025-2031
Description
The global Micro Turbine market size is predicted to grow from US$ 227 million in 2025 to US$ 394 million in 2031; it is expected to grow at a CAGR of 9.6% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Micro turbine is a relatively new distributed generation technology being used for stationary energy generation applications. It is a type of combustion turbine that produces both heat and electricity on a relatively small scale. Because of their small size, relatively low capital costs, expected low operations and maintenance costs, and automatic electronic control, micro turbines are expected to capture a significant share of the distributed generation market. In addition, micro turbines offer an efficient and clean solution to direct mechanical drive markets such as compression and air-conditioning.
The microturbine market is gaining traction as a flexible and efficient solution for decentralized power generation. Microturbines are compact combustion turbines that produce electricity and, in many cases, useful heat through combined heat and power (CHP) systems. They are well-suited for commercial buildings, industrial facilities, and remote applications where reliable, on-site energy is needed. Their appeal lies in their relatively low emissions, ability to operate on various fuels—including natural gas, biogas, and liquid fuels—and low maintenance requirements compared to traditional reciprocating engines.
Market growth is being driven by increasing demand for cleaner, more efficient energy systems and greater emphasis on energy security and resilience. As governments and industries aim to reduce carbon emissions and transition to sustainable energy solutions, microturbines offer a pathway to achieving these goals, especially in sectors where grid access is limited or unstable. Technological advancements, combined with supportive policy measures and incentives, are encouraging adoption. However, the market still faces challenges, including high upfront costs and competition from alternative distributed energy technologies such as fuel cells and solar-plus-storage systems.
LP Information, Inc. (LPI) ' newest research report, the “Micro Turbine Industry Forecast” looks at past sales and reviews total world Micro Turbine sales in 2024, providing a comprehensive analysis by region and market sector of projected Micro Turbine sales for 2025 through 2031. With Micro Turbine sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Micro Turbine industry.
This Insight Report provides a comprehensive analysis of the global Micro Turbine 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 Micro Turbine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Micro Turbine market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Micro Turbine 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 Micro Turbine.
This report presents a comprehensive overview, market shares, and growth opportunities of Micro Turbine market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
12 kW-50 kW
50 kW-250 kW
250 kW-600 kW
Others
Segmentation by Application:
Oil, Gas & Other Natural Resources
Commercial Building
Landfill
Transportation
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 analysing the company's coverage, product portfolio, its market penetration.
Capstone Green Energy
Ansaldo Energia
FlexEnergy
Bowman Power Group
IHI
BLADON
Aurelia
Key Questions Addressed in this Report
What is the 10-year outlook for the global Micro Turbine market?
What factors are driving Micro Turbine market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Micro Turbine market opportunities vary by end market size?
How does Micro Turbine break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Micro turbine is a relatively new distributed generation technology being used for stationary energy generation applications. It is a type of combustion turbine that produces both heat and electricity on a relatively small scale. Because of their small size, relatively low capital costs, expected low operations and maintenance costs, and automatic electronic control, micro turbines are expected to capture a significant share of the distributed generation market. In addition, micro turbines offer an efficient and clean solution to direct mechanical drive markets such as compression and air-conditioning.
The microturbine market is gaining traction as a flexible and efficient solution for decentralized power generation. Microturbines are compact combustion turbines that produce electricity and, in many cases, useful heat through combined heat and power (CHP) systems. They are well-suited for commercial buildings, industrial facilities, and remote applications where reliable, on-site energy is needed. Their appeal lies in their relatively low emissions, ability to operate on various fuels—including natural gas, biogas, and liquid fuels—and low maintenance requirements compared to traditional reciprocating engines.
Market growth is being driven by increasing demand for cleaner, more efficient energy systems and greater emphasis on energy security and resilience. As governments and industries aim to reduce carbon emissions and transition to sustainable energy solutions, microturbines offer a pathway to achieving these goals, especially in sectors where grid access is limited or unstable. Technological advancements, combined with supportive policy measures and incentives, are encouraging adoption. However, the market still faces challenges, including high upfront costs and competition from alternative distributed energy technologies such as fuel cells and solar-plus-storage systems.
LP Information, Inc. (LPI) ' newest research report, the “Micro Turbine Industry Forecast” looks at past sales and reviews total world Micro Turbine sales in 2024, providing a comprehensive analysis by region and market sector of projected Micro Turbine sales for 2025 through 2031. With Micro Turbine sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Micro Turbine industry.
This Insight Report provides a comprehensive analysis of the global Micro Turbine 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 Micro Turbine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Micro Turbine market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Micro Turbine 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 Micro Turbine.
This report presents a comprehensive overview, market shares, and growth opportunities of Micro Turbine market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
12 kW-50 kW
50 kW-250 kW
250 kW-600 kW
Others
Segmentation by Application:
Oil, Gas & Other Natural Resources
Commercial Building
Landfill
Transportation
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 analysing the company's coverage, product portfolio, its market penetration.
Capstone Green Energy
Ansaldo Energia
FlexEnergy
Bowman Power Group
IHI
BLADON
Aurelia
Key Questions Addressed in this Report
What is the 10-year outlook for the global Micro Turbine market?
What factors are driving Micro Turbine market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Micro Turbine market opportunities vary by end market size?
How does Micro Turbine break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
91 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Micro Turbine by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Micro Turbine by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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