The global microturbine market reached a value of US$ 202.1 Million in 2019. A microturbine is a small combustion turbine that runs on liquid or gaseous fuels to power an electric generator. It uses natural gas, waste heat from thermal plants and petroleum fuels, such as kerosene, diesel and heating oil. It is primarily used for small-scale power generation and consists of a compressor, combustor, alternator, turbine, generator and a recuperator. It operates by recovering exhaust energy and preheating the compressed inlet air to enhance the electrical efficiency of the generator. In comparison to traditionally used alternatives, microturbines are compact, lightweight, cost-effective and have minimal moving parts, emissions and fuel wastage. Owing to these benefits, they find extensive applications in provide standby power, combined cooling, heating and power (CCHP), combined heat and power (CHP), resource recovery and microgrid systems.
The rapidly increasing energy demand across the globe is among the key factors driving the growth of the market. Furthermore, there is an increasing focus on green and sustainable power generation, which is also providing a boost to the market growth as microturbines offer stable and reliable power with minimal emissions of greenhouse gases (GHGs), such as carbon dioxide (CO2), carbon monoxide (CO), sulfur oxide (SO2) and nitrogen oxide (NO2). Additionally, widespread adoption of CHP systems across various industries is also contributing to the market growth. They are extensively used in wastewater treatment plants, breweries, paper and rubber mills and the residential sector for providing residual heat in cold climates. Furthermore, the replacement of phased-out coal and nuclear plants with modern and innovative power stations and installation of microturbines in off-grid systems in remote areas, are creating a positive outlook for the market. Other factors, including rising investments in the energy sector and extensive research and development (R&D), are projected to drive the market further. Looking forward, IMARC Group expects the market to reach a value of US$ 329.7 Million by 2025, exhibiting a CAGR of 8.5% during 2020-2025.
Breakup by Application:
- Combined Heat and Power (CHP)
- Standby Power
Breakup by Power Rating:
- 12 kW – 50kW
- 50 kW – 250 kW
- 250 kW – 500 kW
Breakup by End-User:
- Residential
- Commercial
- Industrial
Breakup by Region:
- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Ansaldo Energia SPA, Bladon Jets, Capstone Turbine Corporation, FlexEnergy Inc., Brayton Energy, LLC, Toyota Motor Corporation, Micro Turbine Technology B.V., ICR Turbine Engine Corporation, Calnetix Technologies, etc.
Key Questions Answered in This Report:
- How has the global microturbine market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the power rating?
- What is the breakup of the market based on the end-user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the market?
- What is the structure of the global microturbine market and who are the key players?
- What is the degree of competition in the market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Microturbine Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Forecast
6 Market Breakup by Application
6.1 Combined Heat and Power (CHP)
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Standby Power
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Power Rating
7.1 12 kW – 50kW
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 50 kW – 250 kW
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 250 kW – 500 kW
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by End-User
8.1 Residential
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Industrial
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Indicators
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Ansaldo Energia SPA
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Bladon Jets
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3 Capstone Turbine Corporation
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 FlexEnergy Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Brayton Energy, LLC
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Toyota Motor Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Micro Turbine Technology B.V.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8 ICR Turbine Engine Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Calnetix Technologies
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
List of Figures
Figure 1: Global: Microturbine Market: Major Drivers and Challenges
Figure 2: Global: Microturbine Market: Sales Value (in Million US$), 2014-2019
Figure 3: Global: Microturbine Market: Breakup by Application (in %), 2019
Figure 4: Global: Microturbine Market: Breakup by Power Rating (in %), 2019
Figure 5: Global: Microturbine Market: Breakup by End-User (in %), 2019
Figure 6: Global: Microturbine Market: Breakup by Region (in %), 2019
Figure 7: Global: Microturbine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 8: Global: Microturbine (Combined Heat and Power) Market: Sales Value (in Million US$), 2014 & 2019
Figure 9: Global: Microturbine (Combined Heat and Power) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 10: Global: Microturbine (Standby Power) Market: Sales Value (in Million US$), 2014 & 2019
Figure 11: Global: Microturbine (Standby Power) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 12: Global: Microturbine (12 kW – 50kW) Market: Sales Value (in Million US$), 2014 & 2019
Figure 13: Global: Microturbine (12 kW – 50kW) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 14: Global: Microturbine (50 kW – 250 kW) Market: Sales Value (in Million US$), 2014 & 2019
Figure 15: Global: Microturbine (50 kW – 250 kW) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 16: Global: Microturbine (250 kW – 500 kW) Market: Sales Value (in Million US$), 2014 & 2019
Figure 17: Global: Microturbine (250 kW – 500 kW) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 18: Global: Microturbine (Residential) Market: Sales Value (in Million US$), 2014 & 2019
Figure 19: Global: Microturbine (Residential) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 20: Global: Microturbine (Commercial) Market: Sales Value (in Million US$), 2014 & 2019
Figure 21: Global: Microturbine (Commercial) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 22: Global: Microturbine (Industrial) Market: Sales Value (in Million US$), 2014 & 2019
Figure 23: Global: Microturbine (Industrial) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 24: North America: Microturbine Market: Sales Value (in Million US$), 2014 & 2019
Figure 25: North America: Microturbine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 26: United States: Microturbine Market: Sales Value (in Million US$), 2014 & 2019
Figure 27: United States: Microturbine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 28: Canada: Microturbine Market: Sales Value (in Million US$), 2014 & 2019
Figure 29: Canada: Microturbine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 30: Asia Pacific: Microturbine Market: Sales Value (in Million US$), 2014 & 2019
Figure 31: Asia Pacific: Microturbine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 32: China: Microturbine Market: Sales Value (in Million US$), 2014 & 2019
Figure 33: China: Microturbine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 34: Japan: Microturbine Market: Sales Value (in Million US$), 2014 & 2019
Figure 35: Japan: Microturbine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 36: India: Microturbine Market: Sales Value (in Million US$), 2014 & 2019
Figure 37: India: Microturbine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 38: South Korea: Microturbine Market: Sales Value (in Million US$), 2014 & 2019
Figure 39: South Korea: Microturbine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 40: Australia: Microturbine Market: Sales Value (in Million US$), 2014 & 2019
Figure 41: Australia: Microturbine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 42: Indonesia: Microturbine Market: Sales Value (in Million US$), 2014 & 2019
Figure 43: Indonesia: Microturbine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 44: Others: Microturbine Market: Sales Value (in Million US$), 2014 & 2019
Figure 45: Others: Microturbine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 46: Europe: Microturbine Market: Sales Value (in Million US$), 2014 & 2019
Figure 47: Europe: Microturbine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 48: Germany: Microturbine Market: Sales Value (in Million US$), 2014 & 2019
Figure 49: Germany: Microturbine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 50: France: Microturbine Market: Sales Value (in Million US$), 2014 & 2019
Figure 51: France: Microturbine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 52: United Kingdom: Microturbine Market: Sales Value (in Million US$), 2014 & 2019
Figure 53: United Kingdom: Microturbine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 54: Italy: Microturbine Market: Sales Value (in Million US$), 2014 & 2019
Figure 55: Italy: Microturbine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 56: Spain: Microturbine Market: Sales Value (in Million US$), 2014 & 2019
Figure 57: Spain: Microturbine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 58: Russia: Microturbine Market: Sales Value (in Million US$), 2014 & 2019
Figure 59: Russia: Microturbine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 60: Others: Microturbine Market: Sales Value (in Million US$), 2014 & 2019
Figure 61: Others: Microturbine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 62: Latin America: Microturbine Market: Sales Value (in Million US$), 2014 & 2019
Figure 63: Latin America: Microturbine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 64: Brazil: Microturbine Market: Sales Value (in Million US$), 2014 & 2019
Figure 65: Brazil: Microturbine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 66: Mexico: Microturbine Market: Sales Value (in Million US$), 2014 & 2019
Figure 67: Mexico: Microturbine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 68: Others: Microturbine Market: Sales Value (in Million US$), 2014 & 2019
Figure 69: Others: Microturbine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 70: Middle East and Africa: Microturbine Market: Sales Value (in Million US$), 2014 & 2019
Figure 71: Middle East and Africa: Microturbine Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 72: Global: Microturbine Industry: SWOT Analysis
Figure 73: Global: Microturbine Industry: Value Chain Analysis
Figure 74: Global: Microturbine Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Microturbine Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Microturbine Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 3: Global: Microturbine Market Forecast: Breakup by Power Rating (in Million US$), 2020-2025
Table 4: Global: Microturbine Market Forecast: Breakup by End-User (in Million US$), 2020-2025
Table 5: Global: Microturbine Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 6: Global: Microturbine Market: Competitive Structure
Table 7: Global: Microturbine Market: Key Players