Market Research Logo

Micro Turbines Market by Power Rating (12–50 kW, 50–250 kW, and 250–500 kW), Application (Combined Heat and Power and Standby Power), End-User (Industrial, Commercial, and Residential), and Region - Global Forecast to 2022

Micro Turbines Market by Power Rating (12–50 kW, 50–250 kW, and 250–500 kW), Application (Combined Heat and Power and Standby Power), End-User (Industrial, Commercial, and Residential), and Region - Global Forecast to 2022

“The micro turbines market is projected to grow at a CAGR of 9.46%, from 2017 to 2022.”
The micro turbines market is estimated to be USD 159.7 million in 2017 and is projected to reach USD 251.0 million by 2022, growing at a CAGR of 9.46%, from 2017 to 2022. The increasing demand for power worldwide, subsequent investments in new power generating capacity, and growing adoption of combined heat and power (CHP) is driving the market for micro turbines across the world.

“The industrial segment is expected to hold the largest share of the micro turbines market, by end-user, during the forecast period.”
The industrial segment accounted for more than half of the micro turbines market in 2016. This can be attributed to increased operations in the construction, manufacturing, mining, oil & gas, automotive, and pharmaceuticals industries. The oil & gas sector is a vital industry for micro turbine applications as various commodity prices depend on the price of oil. Micro turbines also find application in the renewable energy industry, particularly in wastewater treatment plants where the environmentally harmful gas methane is used to generate electricity and heat, thereby, resulting in the production of clean energy.

“North America: The largest market for micro turbines.”
North America is the largest market for micro turbines followed by Europe and Asia Pacific. The US accounted for a majority share of the North American market in 2016, while the Canadian market is projected to grow at the highest CAGR from 2017 to 2022. Aging power plants and frequent natural calamities have created enormous growth opportunities for the micro turbines market in this region. The shale gas boom in North America and decommissioning of nuclear plants in Europe are driving the micro turbines markets in those regions.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 62%, Tier 2- 23%, Tier 3- 15%
By Designation: C-Level- 25%, D-Level- 35%, Others- 40%
By Region: North America- 29%, Europe- 18%, Asia Pacific- 42%, RoW- 11%
Note: The tier of the companies has been defined on the basis of their total revenue; as of 2016: Tier 1 = >USD 5 billion, Tier 2 = USD 1 billion to USD 5 billion, and Tier 3 = <USD 1 billion

The leading players in the micro turbines market include Capstone Turbine (US), FlexEnergy (US), Ansaldo Energia (Italy), MTT (Netherlands), and Toyota Turbine and Systems (Japan).

Research Coverage:
The report provides a picture of the micro turbines market across the power industry and regions. It aims at estimating the size and future growth potential of the market across different segments such as architecture, stream, and region. Furthermore, the report also includes an in-depth competitive analysis of key players in the market along with their company profiles, recent developments, and key market strategies.

For the purposes of this report, the market has been segmented on the basis of application, end-user, power rating, and region, with a focus on industry analysis (industry trends), market share analyses of the top players, supply chain analysis, and company profiles, which together comprise and evaluate the basic views on the competitive landscape, emerging and high-growth segments of the micro turbines market, high-growth regions, and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:

• Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the micro turbines market

• Market Development: Comprehensive information about lucrative emerging markets; the report analyzes the micro turbines market across regions

• Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global micro turbines market

Why Buy this Report?
1. The report identifies and addresses key markets for implementation of micro turbines in the power industry, which would help manufacturers review the growth in demand.
2. The report helps solutions providers understand the pulse of the market and provides insights into drivers, restraints, and challenges.
3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKETS COVERED
      • REGIONAL SCOPE
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • INTRODUCTION
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-DOWN APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
      • ASSUMPTIONS OF THE RESEARCH STUDY
  • EXECUTIVE SUMMARY
    • Table MICRO TURBINES MARKET SNAPSHOT
  • PREMIUM INSIGHTS
    • MICRO TURBINE MARKET OVERVIEW
    • NORTH AMERICAN MICRO TURBINES MARKET SIZE, BY APPLICATION & BY COUNTRY
    • MICRO TURBINES MARKET, BY COUNTRY
    • MICRO TURBINES MARKET, BY POWER RATING
    • MICRO TURBINES MARKET, BY APPLICATION
    • MICRO TURBINES MARKET, BY END-USER
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • MICRO TURBINES MARKET, BY POWER RATING
    • INTRODUCTION
      • Table MICRO TURBINES MARKET SIZE, BY POWER RATING, 2015-2022 (USD MILLION)
    • 12-50 KW
      • Table 12-50 KW: MICRO TURBINES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • 50-250 KW
      • Table 50-250 KW: MICRO TURBINES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • 250-500 KW
      • Table 250-500 KW: MICRO TURBINES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • MICRO TURBINES MARKET, BY APPLICATION
    • INTRODUCTION
      • Table MICRO TURBINES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
    • COMBINED HEAT & POWER
      • Table COMBINED HEAT & POWER: MICRO TURBINES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • STANDBY POWER
      • Table STANDBY POWER: MICRO TURBINES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • MICRO TURBINES MARKET, BY END-USER
    • INTRODUCTION
      • Table MICRO TURBINES MARKET SIZE, BY END-USER, 2015-2022 (USD MILLION)
    • INDUSTRIAL
      • Table INDUSTRIAL: MICRO TURBINES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • COMMERCIAL
      • Table COMMERCIAL: MICRO TURBINES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • RESIDENTIAL
      • Table RESIDENTIAL: MICRO TURBINES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • MICRO TURBINES MARKET, BY REGION
    • INTRODUCTION
      • Table MICRO TURBINES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • NORTH AMERICA
      • BY POWER RATING
        • Table NORTH AMERICA: MICRO TURBINES MARKET SIZE, BY POWER RATING, 2015-2022 (USD MILLION)
      • BY END-USER
        • Table NORTH AMERICA: MICRO TURBINES MARKET SIZE, BY END-USER, 2015-2022 (USD MILLION)
      • BY APPLICATION
        • Table NORTH AMERICA: MICRO TURBINES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table NORTH AMERICA: COMBINED HEAT & POWER MICRO TURBINES MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
        • Table NORTH AMERICA: STANDYBY POWER MICRO TURBINES MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • BY COUNTRY
        • Table NORTH AMERICA: MICRO TURBINES MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
        • Table US: MICRO TURBINES MARKET SIZE, BY END-USER, 2015-2022 (USD MILLION)
        • Table US: MICRO TURBINES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table CANADA: MICRO TURBINES MARKET SIZE, BY END-USER, 2015-2022 (USD MILLION)
        • Table CANADA: MICRO TURBINES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
    • EUROPE
      • BY POWER RATING
        • Table EUROPE: MICRO TURBINES MARKET SIZE, BY POWER RATING, 2015-2022 (USD MILLION)
      • BY END-USER
        • Table EUROPE: MICRO TURBINES MARKET SIZE, BY END-USER, 2015-2022 (USD MILLION)
      • BY APPLICATION
        • Table EUROPE: MICRO TURBINES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table EUROPE: COMBINED HEAT & POWER MICRO TURBINES MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
        • Table EUROPE: STANDBY POWER MICRO TURBINES MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • BY COUNTRY
        • Table EUROPE: MICRO TURBINES MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
        • Table RUSSIA: MICRO TURBINES MARKET SIZE, BY END-USER, 2015-2022 (USD MILLION)
        • Table RUSSIA: MICRO TURBINES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table UK: MICRO TURBINES MARKET SIZE, BY END-USER, 2015-2022 (USD MILLION)
        • Table UK: MICRO TURBINES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table GERMANY: MICRO TURBINES MARKET SIZE, BY END-USER, 2015-2022 (USD MILLION)
        • Table GERMANY: MICRO TURBINES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table REST OF EUROPE: MICRO TURBINES MARKET SIZE, BY END-USER, 2015-2022 (USD MILLION)
        • Table REST OF EUROPE: MICRO TURBINES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
    • ASIA PACIFIC
      • BY POWER RATING
        • Table ASIA PACIFIC: MICRO TURBINES MARKET SIZE, BY POWER RATING, 2015-2022 (USD MILLION)
      • BY END-USER
        • Table ASIA PACIFIC: MICRO TURBINES MARKET SIZE, BY END-USER, 2015-2022 (USD MILLION)
      • BY APPLICATION
        • Table ASIA PACIFIC: MICRO TURBINES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table ASIA PACIFIC: COMBINED HEAT & POWER MICRO TURBINES MARKET, BY COUNTRY, 2015-2022 (USD MILLION)
        • Table ASIA PACIFIC: STANDBY POWER MICRO TURBINES MARKET, BY COUNTRY, 2015-2022 (USD MILLION)
      • BY COUNTRY
        • Table ASIA PACIFIC: MICRO TURBINES MARKET, BY COUNTRY, 2015-2022 (USD MILLION)
        • Table AUSTRALIA: MICRO TURBINES MARKET SIZE, BY END-USER, 2015-2022 (USD MILLION)
        • Table AUSTRALIA: MICRO TURBINES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table CHINA: MICRO TURBINES MARKET SIZE, BY END-USER, 2015-2022 (USD MILLION)
        • Table CHINA: MICRO TURBINES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table MALAYSIA: MICRO TURBINES MARKET SIZE, BY END-USER, 2015-2022 (USD MILLION)
        • Table MALAYSIA: MICRO TURBINES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table REST OF ASIA PACIFIC: MICRO TURBINES MARKET SIZE, BY END-USER, 2015-2022 (USD MILLION)
        • Table REST OF ASIA PACIFIC: MICRO TURBINES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
    • REST OF THE WORLD
      • BY POWER RATING
        • Table REST OF THE WORLD: MICRO TURBINES MARKET SIZE, BY POWER RATING, 2015-2022 (USD MILLION)
      • BY END-USER
        • Table REST OF THE WORLD: MICRO TURBINES MARKET SIZE, BY END-USER, 2015-2022 (USD MILLION)
      • BY APPLICATION
        • Table REST OF THE WORLD: MICRO TURBINES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table REST OF THE WORLD: COMBINED HEAT & POWER MICRO TURBINES MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
        • Table REST OF THE WORLD: STANDBY POWER MICRO TURBINES MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • BY COUNTRY
        • Table REST OF THE WORLD: MICRO TURBINES MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
        • Table MEXICO: MICRO TURBINES MARKET SIZE, BY END-USER, 2015-2022 (USD MILLION)
        • Table MEXICO: MICRO TURBINES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table BRAZIL: MICRO TURBINES MARKET SIZE, BY END-USER, 2015-2022 (USD MILLION)
        • Table BRAZIL: MICRO TURBINES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table COLOMBIA: MICRO TURBINES MARKET SIZE, BY END-USER, 2015-2022 (USD MILLION)
        • Table COLOMBIA: MICRO TURBINES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table OTHERS: MICRO TURBINES MARKET SIZE, BY END-USER, 2015-2022 (USD MILLION)
        • Table OTHERS: MICRO TURBINES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
      • KEY COMPANY FOCUS AREAS
    • MARKET RANKING ANALYSIS
      • GLOBAL MARKET SCENARIO
    • COMPETITIVE SITUATIONS & TRENDS
      • CONTRACTS & AGREEMENTS
        • Table CONTRACTS & AGREEMENTS, 2014-2017
      • PARTNERSHIPS, COLLABORATIONS, ALLIANCES, &JOINT VENTURES
        • Table PARTNERSHIPS, COLLABORATIONS, ALLIANCES, &JOINT VENTURES, 2014-2017
      • NEW PRODUCT DEVELOPMENTS
        • Table NEW PRODUCT DEVELOPMENTS, 2014-2017
      • INVESTMENTS & EXPANSIONS
        • Table INVESTMENTS & EXPANSIONS, 2014-2017
      • MERGERS & ACQUISITIONS
        • Table MERGERS & ACQUISITIONS, 2014-2017
  • COMPANY PROFILES
    • ANSALDO ENERGIA
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
    • CAPSTONE TURBINE
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • BRAYTON ENERGY
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • BLADON JETS
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
    • FLEXENERGY
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • ENEFTECH INNOVATION
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
    • AURELIA
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • ICRTEC
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
    • MTT
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • TOYOTA TURBINE AND SYSTEMS
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
    • 247SOLAR
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • BOWMAN
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • TURBOTECH
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report