(MENAFNEditorial) iCrowdNewswire - Sep 12, 2017
The Micro Turbine Market Report is brief research study about the corporate opportunities present in the future for the Micro Turbine industry. Micro Turbine Market Report is an analytical guide providing information about the key company profiles, industry insights and market forecast.
The micro turbine market is expected to reach a value of USD 249.9 million by 2021, at a CAGR of 11.5% from 2016 to 2021. Increasing demand for electric power worldwide, subsequent investments in creating new generating capacity, and growing adoption of Combined Heat & Power (CHP) is driving the market for micro turbines across the world.
Complete report on Micro Turbine Market spread across 319 pages, profiling 25 companies and supported with 356 tables and 50 figures is now available at
Industrial segment accounted for more than half of the micro turbine market. This can be attributed to the increased operations in construction & manufacturing, mining industries, oil & gas, automotive, & pharmaceuticals industries, and the demand for micro turbines that powers them. 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 suitability in the renewable energy industry, 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.
The North American region is currently the largest market for micro turbines followed by Europe and Asia-pacific. The U.S. accounted for a majority share in the North American region in 2015, whereas Canada is projected to grow at the highest CAGR from 2016 to 2021. Aging power plants and frequent natural calamities have created enormous growth opportunities for the micro turbine market in this region. The Shale gas boom in North America and decommissioning of nuclear plants in Europe are boosting the demand for micro turbines in those regions.
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 & verify critical qualitative and quantitative information as well as assess future market prospects. Distribution of primary interviews is as follows:
By Company Type: Tier 1—15%, Tier 2—35%, and Tier 3—50%
By Designation: C-Level—23%, Director Level—27%, and Others*—50%
By Region: North America—25%, Europe—15%, Asia-Pacific—43%, and Rest of the World—17%
Leading players of this industry have been profiled with their recent developments and other strategic activities. These include Capstone Turbine Corporation (U.S.), Flex Energy, Inc.(U.S.), AnsaldoEnergia S.p.A(Italy), and Brayton Energy LLC. (U.S.), among others.
Ask for a Sample before ordering a copy of Micro Turbine Market by Power Rating (12 kW-50 kW, 50 kW-250 kW, & 250 kW-500 kW), by Application (Combined Heat Power & Standby Power), by End-User (Industrial, Commercial, & Residential), & by Region - Global Forecast and Trends to 2021 at
The report analyses the Micro Turbine market by product, wound type, end user, and regions. Apart from comprehensive geographic & product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by industry players over the last three years. In addition, the company profiles includes the product portfolios, developments, and strategies adopted by prominent market players to maintain and increase their shares in the market. Market research data, current market size, and forecast of the future trends will help key market players and new entrants to make the necessary decisions regarding product offerings, geographic focus, change in strategic approach, and levels of output in order to remain successful in the type, products, applications, end users, and regions.
On an unrelated note, another research titled with Industrial Air Compressor Market by Type (Positive Displacement & Dynamic), Maximum Pressure (020 bar, 20100 bar & above), Output Power (050 kW, 50250 kW, 250500 kW & above), Seal (Oil immersed & Oil free), End-Use - Global Forecast to 2021. The industrial air compressor market is projected to reach USD 34.87billion by 2021, growing at a CAGR of 6.3% from 2016 to 2021. Now available at
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