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Micro Turbine Market by Power Rating, by Application, by End-User, & by Region - Global Forecast and Trends to 2021

Micro Turbine Market: Global Forecast until 2021

  • March 2016
  • 142 pages
  • ID: 3752576
In this report:
In 2015, the supply for petroleum and other liquids was ##.## million barrels per day, while its demand was only ##.## million barrels per day.
The industrial end-user segment is expected to dominate the market in 2016, accounting for ##% of the total micro turbine market with an estimated growth at a CAGR of ##.##% to reach USD ##.## million by 2021.

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"Micro Turbine market is estimated to grow $249.90M by 2021."

The micro turbine market is forecasted to reach a value of $249.90M by 2021, at a compound annual growth rate of 11.50 percent from 2016 to 2021. Growing demand for electric power global, subsequent investments in creating new generating capacity, and increasing adoption of Combined Heat & Power is driving the sector for micro turbines across the globe.

"The industrial segment would dominate the overall micro turbine market"

Industrial segment recorded for more than half of the micro turbine market. This can be connected to the increased operations in construction & manufacturing, mining markets, oil & gas, automotive, & pharmaceuticals sectors, and the market demand for micro turbines that powers them. The oil & gas market is a vital sector for micro turbine applications as several commodity prices depend on the price of oil. Micro turbines also find suitability in the renewable energy market, particularly in wastewater treatment plants where the environment-unfriendly gas-methane-is used to generate electricity and heat, thereby resulting in the production of clean energy.

"North American area: The biggest market for micro turbines"

The North American area is currently the biggest market for micro turbines succeeded by EU and Asia-pacific. The U.S.A recorded for a majority share in the North American area in 2015, because Canada (CA) is expected to grow at the highest compound annual growth rate (CAGR) from 2016 to 2021. Aging power plants and frequent natural calamities have created enormous increase opportunities for the micro turbine market in this area. The Shale gas boom in North America continent and decommissioning of nuclear plants in Europe (EU) are boosting the industry demand for micro turbines in those regions.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject-matter experts, C-suite executives of key industry players, and industry consultants among other experts to obtain & verify critical qualitative and quantitate info as well as assess future industry prospects. Distribution of primary interviews is like:

By Company Type: Tier 1-15.0 percent, Tier 2-35.0 percent, and 1/3 3-50.0 percent

By Designation: C-Level-23%, Director Level-27%, and Others*-50%

By area: North America-25%, Europe-15%, Asia-Pacific-43%, and Rest of the World-17%

Note: *Others contain sales managers, marketing managers, product managers, and engineers. The tier of firms has been defined on the basis of their segmental revenues, as of 2015: Tier 1 = > $100.0M, Tier 2 = From $50.0M to $100.0M, and Tier 3 = < $50.0M.

Leading actors of this sector have been profiled with their new developments and other strategic activities. These include Capstone Turbine Corporation, FlexEnergy, Incorporated, Ansaldo Energia S.p.A, and Brayton Energy LLC., among others.

Why acquire this industry report?

1. The analysis determines and addresses main markets for micro turbine which is useful for suppliers and Original equipment manufacturers to examine production and distribution plans

2. The market research includes review for main countries by technological application of micro turbines, i.e., CHP and standby power applications. It analyses historical trends and also forecast for 2021 assisting in strategic decision making

3. It also presents competition by analyzing recent market developments including top contracts, business developments, and recent product launches from the main overall market actors. It helps understand the competition strategies and plan respective initiatives

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