Report Highlights
Microturbines Market – Overview
Microturbines can be described as a small scale power generating equipment that produce electrical power by burning either gaseous or liquid fuels. The combustion of these fuels in the turbine produces high speed rotation of the turbine shaft, which then turns an electrical generator for producing electrical power. Microturbines can work using an array of liquid and gaseous fuels including natural gas, biogas, sour gases, gasoline, diesel, kerosene, and heating oil. Microturbines operate at high speeds and are mainly used for power generation or for CHP (combined heat and power) applications similar to gas turbines. They have low emission combustion systems, whose emission performance is comparable to that of larger gas turbines. Microturbines also have an uptime of around 99% with potential for reduced maintenance and are highly reliable and durable for generating continuous and high quality power.
Aging power infrastructure and poor grid connectivity in several parts of the world are expected to increase demand for on-site power generation around the globe. This, in turn, is anticipated to increase demand for microturbinesglobally. Moreover, microturbine systems can be installed in a much easier way in comparison to complex conventional power plants and can produce low-cost energy from much cleaner sources. Microturbine installations also enjoy incentives from governments and regulatory authorities. However, microturbines suffer from low fuel-to-electric efficiency, which is a major restraint for the market.
This report analyzes and forecasts the market for microturbines at the global and regional level. The market has been forecast based on revenue (US$ Mn) from 2017 to 2025, considering 2016 as the base year. The study includes drivers and restraints of the global microturbines market. It also covers impact of these drivers and restraints on demand for microturbines during the forecast period. The report also highlights opportunities in the microturbines market at the global and regional level.
The report includes detailed value chain analysis, which provides a comprehensive view of the global microturbines market. Porter’s Five Forces model for the microturbines market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein power rating, application, and end-user are benchmarked based on their market size, growth rate, and general attractiveness.
Microturbines Market- Segmentation
The study provides a decisive view of the global microturbines market by segmenting it in terms of power rating, application, and end-user. In terms of power rating, the microturbines market can be classified into 12-50 KW, 51-250 KW, and above 250 KW. Based on application, the microturbines market can be divided into CHP and standby power applications. In terms of end-user, the market can be segmented into residential, commercial and industrial. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for microturbines in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides the actual market size of microturbines for 2016 and estimated market size for 2017, with forecast for the next eight years. The global market for microturbines has been provided in terms of revenue. Market revenue has been defined in US$ Thousand. Market numbers have been estimated based on power rating, application, and end-user of microturbines. Market size has been provided in terms of global, regional, and country level market.
The report comprises profiles of major companies operating in the global microturbines market. Key players in the microturbines market are Capstone Turbine Corporation, Bowman, Ansaldo Energia, Flexenergy, Bladon Jets, Brayton Energy, ICR Turbine Engine Corporation (ICRTec), 247solar, TurboTech Precision Engineering Pvt. Ltd., Micro Turbines Technology BV, and Aurelia Turbines Oy. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
The global microturbines market has been segmented as follows:
Microturbines Market, by Power Rating
12–50 KW
51–250 KW
Above 250 KW
Microturbines Market, by Application
CHP (Combined Heat & Power)
Standby Power
Microturbines Market, by End-user
Residential
Commercial
Industrial
Microturbines Market: Regional Analysis
North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Australia
Japan
ASEAN
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa (MEA)
GCC
South Africa
Rest of Middle East & Africa
Key Takeaways
The bove 250 KW power rating segment holds a dominant share due to its high demand from industrial and heavy commercial end-users
The increasing end-consumer awareness about CHP opportunities is also likely to boost to the microturbines market
Recovering oil & gas industry and rising demand for on-site power generation along with increasing CHP opportunities are expected to drive the microturbines market in the near future
The industrial end-user segment is anticipated to expand at a significant rate during the forecast period
CHP is the major application segment for microturbines
North America is anticipated to dominate the market during the forecast period
The market in Asia Pacific is expected to expand at the significant rate during the forecast period
- Table 1 : Global Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
- Table 2 : Global Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
- Table 3 : Global Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
- Table 4 : Global Microturbines Market Value (US$ Thousand) Forecast, by Region, 2016–2025
- Table 5 : North America Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
- Table 6 : North America Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
- Table 7 : North America Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
- Table 8 : North America Microturbines Market Revenue (US$ Mn) Forecast, by Country, 2016–2025
- Table 9 : U.S. Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
- Table 10 : U.S. Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
- Table 11 : U.S. Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
- Table 12 : Canada Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
- Table 13 : Canada Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
- Table 14 : Canada Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
- Table 15 : Europe Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
- Table 16 : Europe Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
- Table 17 : Europe Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
- Table 18 : Europe Microturbines Market Revenue (US$ Mn) Forecast, by Country/Sub-region, 2016–2025
- Table 19 : Germany Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
- Table 20 : Germany Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
- Table 21 : Germany Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
- Table 22 : France Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
- Table 23 : France Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
- Table 24 : France Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
- Table 25 : U.K. Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
- Table 26 : U.K. Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
- Table 27 : U.K. Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
- Table 28 : Spain Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
- Table 29 : Spain Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
- Table 30 : Spain Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
- Table 31 : Italy Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
- Table 32 : Italy Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
- Table 33 : Italy Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
- Table 34 : Rest of Europe Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
- Table 35 : Rest of Europe Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
- Table 36 : Rest of Europe Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
- Table 37 : Asia Pacific Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
- Table 38 : Asia Pacific Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
- Table 39 : Asia Pacific Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
- Table 40 : Asia Pacific Microturbines Market Revenue (US$ Mn) Forecast, by Country, 2016–2025
- Table 41 : Australia Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
- Table 42 : Australia Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
- Table 43 : Australia Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
- Table 44 : China Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
- Table 45 : China Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
- Table 46 : China Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
- Table 47 : Japan Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
- Table 48 : Japan Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
- Table 49 : Japan Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
- Table 50 : India Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
- Table 51 : India Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
- Table 52 : India Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
- Table 53 : ASEAN Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
- Table 54 : ASEAN Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
- Table 55 : ASEAN Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
- Table 56 : Rest of Asia Pacific Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
- Table 57 : Rest of Asia Pacific Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
- Table 58 : Rest of Asia Pacific Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
- Table 59 : Middle East & Africa Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
- Table 60 : Middle East & Africa Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
- Table 61 : Middle East & Africa Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
- Table 62 : Middle East & Africa Microturbines Market Revenue (US$ Mn) Forecast, by Country/Sub-region, 2016–2025
- Table 63 : GCC Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
- Table 64 : GCC Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
- Table 65 : GCC Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
- Table 66 : South Africa Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
- Table 67 : South Africa Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
- Table 68 : South Africa Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
- Table 69 : Rest of Middle East & Africa Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
- Table 70 : Rest of Middle East & Africa Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
- Table 71 : Rest of Middle East & Africa Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
- Table 72 : Latin America Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
- Table 73 : Latin America Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
- Table 74 : Latin America Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
- Table 75 : Latin America Microturbines Market Revenue (US$ Mn) Forecast, by Country/Sub-region, 2016–2025
- Table 76 : Brazil Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
- Table 77 : Brazil Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
- Table 78 : Brazil Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
- Table 79 : Mexico Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
- Table 80 : Mexico Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
- Table 81 : Mexico Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
- Table 82 : Rest of Latin America Microturbines Market Value (US$ Thousand) Forecast, by Power Rating, 2016–2025
- Table 83 : Rest of Latin America Microturbines Market Value (US$ Thousand) Forecast, by Application, 2016–2025
- Table 84 : Rest of Latin America Microturbines Market Value (US$ Thousand) Forecast, by End-user, 2016–2025
- Figure 1 : Market Snapshot
- Figure 2 : Global Microturbines Market Value Share Analysis, by Power Rating, 2016 and 2025
- Figure 3 : Global Microturbines Market Attractiveness Analysis, by Power Rating, 2016
- Figure 4 : Global Microturbines Market Value Share Analysis, by Application, 2016 and 2025
- Figure 5 : Global Microturbines Market Attractiveness Analysis, by Application, 2016
- Figure 6 : Global Microturbines Market Value Share Analysis, by End-user, 2016 and 2025
- Figure 7 : Global Microturbines Market Attractiveness Analysis, by End-user, 2016
- Figure 8 : Global Microturbines Market Value Share Analysis, by Region, 2016 and 2025
- Figure 9 : Global Microturbines Market Attractiveness Analysis, by Region, 2016
- Figure 10 : North America Microturbines Market Value Share Analysis, by Power Rating, 2016 and 2025
- Figure 11 : North America Microturbines Market Value Share Analysis, by Application, 2016 and 2025
- Figure 12 : North America Microturbines Market Value Share Analysis, by End-user, 2016 and 2025
- Figure 13 : North America Microturbines Market Value Share Analysis, by Country, 2016 and 2025
- Figure 14 : U.S. Microturbines Market Value Share, by Power Rating, 2016
- Figure 15 : U.S. Microturbines Market Value Share, by Application, 2016
- Figure 16 : U.S. Microturbines Market Value Share, by End-user, 2016
- Figure 17 : U.S. Microturbines Market Size (US$ Thousand) Forecast, 2016–2025
- Figure 18 : Canada Microturbines Market Value Share, by Power Rating, 2016
- Figure 19 : Canada Microturbines Market Value Share, by Application, 2016
- Figure 20 : Canada Microturbines Market Value Share, by End-user, 2016
- Figure 21 : Canada Microturbines Market Size (US$ Thousand) Forecast, 2016–2025
- Figure 22 : Europe Microturbines Market Value Share Analysis, by Power Rating, 2016 and 2025
- Figure 23 : Europe Microturbines Market Value Share Analysis, by Application, 2016 and 2025
- Figure 24 : Europe Microturbines Market Value Share Analysis, by End-user, 2016 and 2025
- Figure 25 : Europe Microturbines Market Value Share Analysis, by Country/Sub-region, 2016 and 2025
- Figure 26 : Germany Microturbines Market Value Share, by Power Rating, 2016
- Figure 27 : Germany Microturbines Market Value Share, by Application, 2016
- Figure 28 : Germany Microturbines Market Value Share, by End-user, 2016
- Figure 29 : Germany Microturbines Market Size (US$ Thousand) Forecast, 2016–2025
- Figure 30 : France Microturbines Market Value Share, by Power Rating, 2016
- Figure 31 : France Microturbines Market Value Share, by Application, 2016
- Figure 32 : France Microturbines Market Value Share, by End-user, 2016
- Figure 33 : France Microturbines Market Size (US$ Thousand) Forecast, 2016–2025
- Figure 34 : U.K. Microturbines Market Value Share, by Power Rating, 2016
- Figure 35 : U.K. Microturbines Market Value Share, by Application, 2016
- Figure 36 : U.K. Microturbines Market Value Share, by End-user, 2016
- Figure 37 : U.K. Microturbines Market Size (US$ Thousand) Forecast, 2016–2025
- Figure 38 : Spain Microturbines Market Value Share, by Power Rating, 2016
- Figure 39 : Spain Microturbines Market Value Share, by Application, 2016
- Figure 40 : Spain Microturbines Market Value Share, by End-user, 2016
- Figure 41 : Spain Microturbines Size (US$ Thousand) Forecast, 2016–2025
- Figure 42 : Italy Microturbines Market Value Share, by Power Rating, 2016
- Figure 43 : Italy Microturbines Market Value Share, by Application, 2016
- Figure 44 : Italy Microturbines Market Value Share, by End-user, 2016
- Figure 45 : Italy Microturbines Size (US$ Thousand) Forecast, 2016–2025
- Figure 46 : Rest of Europe Microturbines Market Value Share, by Power Rating, 2016
- Figure 47 : Rest of Europe Microturbines Market Value Share, by Application, 2016
- Figure 48 : Rest of Europe Microturbines Market Value Share, by End-user, 2016
- Figure 49 : Rest of Europe Microturbines Size (US$ Thousand) Forecast, 2016–2025
- Figure 50 : Asia Pacific Microturbines Market Value Share Analysis, by Power Rating, 2016 and 2025
- Figure 51 : Asia Pacific Microturbines Market Value Share Analysis, by Application, 2016 and 2025
- Figure 52 : Asia Pacific Microturbines Market Value Share Analysis, by End-user, 2016 and 2025
- Figure 53 : Asia Pacific Microturbines Market Value Share Analysis, by Country, 2016 and 2025
- Figure 54 : Australia Microturbines Market Value Share, by Power Rating, 2016
- Figure 55 : Australia Microturbines Market Value Share, by Application, 2016
- Figure 56 : Australia Microturbines Market Value Share, by End-user, 2016
- Figure 57 : Australia Microturbines Size (US$ Thousand) Forecast, 2016–2025
- Figure 58 : China Microturbines Market Value Share, by Power Rating, 2016
- Figure 59 : China Microturbines Market Value Share, by Application, 2016
- Figure 60 : China Microturbines Market Value Share, by End-user, 2016
- Figure 61 : China Microturbines Size (US$ Thousand) Forecast, 2016–2025
- Figure 62 : Japan Microturbines Market Value Share, by Power Rating, 2016
- Figure 63 : Japan Microturbines Market Value Share, by Application, 2016
- Figure 64 : Japan Microturbines Market Value Share, by End-user, 2016
- Figure 65 : Japan Microturbines Size (US$ Thousand) Forecast, 2016–2025
- Figure 66 : India Microturbines Market Value Share, by Power Rating, 2016
- Figure 67 : India Microturbines Market Value Share, by Application, 2016
- Figure 68 : India Microturbines Market Value Share, by End-user, 2016
- Figure 69 : India Microturbines Size (US$ Thousand) Forecast, 2016–2025
- Figure 70 : ASEAN Microturbines Market Value Share, by Power Rating, 2016
- Figure 71 : ASEAN Microturbines Market Value Share, by Application, 2016
- Figure 72 : ASEAN Microturbines Market Value Share, by End-user, 2016
- Figure 73 : ASEAN Microturbines Size (US$ Thousand) Forecast, 2016–2025
- Figure 74 : Rest of Asia Pacific Microturbines Market Value Share, by Power Rating, 2016
- Figure 75 : Rest of Asia Pacific Microturbines Market Value Share, by Application, 2016
- Figure 76 : Rest of Asia Pacific Microturbines Market Value Share, by End-user, 2016
- Figure 77 : Rest of Asia Pacific Microturbines Size (US$ Thousand) Forecast, 2016–2025
- Figure 78 : MEA Microturbines Market Value Share Analysis, by Power Rating, 2016 and 2025
- Figure 79 : MEA Microturbines Market Value Share Analysis, by Application, 2016 and 2025
- Figure 80 : MEA Microturbines Market Value Share Analysis, by End-user, 2016 and 2025
- Figure 81 : Middle East & Africa Microturbines Market Value Share Analysis, by Country/Sub-region, 2016 and 2025
- Figure 82 : GCC Microturbines Market Value Share, by Power Rating, 2016
- Figure 83 : GCC Microturbines Market Value Share, by Application, 2016
- Figure 84 : GCC Microturbines Market Value Share, by End-user, 2016
- Figure 85 : GCC Microturbines Size (US$ Thousand) Forecast, 2016–2025
- Figure 86 : South Africa Microturbines Market Value Share, by Power Rating, 2016
- Figure 87 : South Africa Microturbines Market Value Share, by Application, 2016
- Figure 88 : South Africa Microturbines Market Value Share, by End-user, 2016
- Figure 89 : South Africa Microturbines Size (US$ Thousand) Forecast, 2016–2025
- Figure 90 : Rest of Middle East & Africa Microturbines Market Value Share, by Power Rating, 2016
- Figure 91 : Rest of Middle East & Africa Microturbines Market Value Share, by Application, 2016
- Figure 92 : Rest of Middle East & Africa Microturbines Market Value Share, by End-user, 2016
- Figure 93 : Rest of Middle East & Africa Microturbines Size (US$ Thousand) Forecast, 2016–2025
- Figure 94 : Latin America Microturbines Market Value Share Analysis, by Power Rating, 2016 and 2025
- Figure 95 : Latin America Microturbines Market Value Share Analysis, by Application, 2016 and 2025
- Figure 96 : Latin America Microturbines Market Value Share Analysis, by End-user, 2016 and 2025
- Figure 97 : Latin America Microturbines Market Value Share Analysis, by Country/Sub-region, 2016 and 2025
- Figure 98 : Brazil Microturbines Market Value Share, by Power Rating, 2016
- Figure 99 : Brazil Microturbines Market Value Share, by Application, 2016
- Figure 100 : Brazil Microturbines Market Value Share, by End-user, 2016
- Figure 101 : Brazil Microturbines Size (US$ Thousand) Forecast, 2016–2025
- Figure 102 : Mexico Microturbines Market Value Share, by Power Rating, 2016
- Figure 103 : Mexico Microturbines Market Value Share, by Application, 2016
- Figure 104 : Mexico Microturbines Market Value Share, by End-user, 2016
- Figure 105 : Mexico Microturbines Size (US$ Thousand) Forecast, 2016–2025
- Figure 106 : Rest of Latin America Microturbines Market Value Share, by Power Rating, 2016
- Figure 107 : Rest of Latin America Microturbines Market Value Share, by Application, 2016
- Figure 108 : Rest of Latin America Microturbines Market Value Share, by End-user, 2016
- Figure 109 : Rest of Latin America Microturbines Size (US$ Thousand) Forecast, 2016–2025
- Figure 110 : Microturbines Market Share Analysis, by Company (2016)
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