Microturbine Market in Renewable Electricity Sector: Features and Global Outlook

NEW YORK, Aug. 3, 2021 /PRNewswire/ — The microturbine market size has the potential to grow by USD 988.86 million…

NEW YORK, Aug. 3, 2021 /PRNewswire/ — The microturbine market size has the potential to grow by USD 988.86 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 16.87%.

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Data Insights


Market Segmentations

Microturbine Market 

Forecast and Analysis 2021-2025 

COVID-19 Impact

Covers

Industry 


Segments 

Industrial

    Utilities

Negative

    End-user

Commercial








Vendors

Offerings  

Region  


Ansaldo Energia Spa

Micro gas turbine AE-T100.

North America

will offer 36% of the growth opportunity





Bladon Jets

Micro Turbine Gensets










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Strict regulations to curb carbon emissions are enabling growth opportunities for microturbine market Global warming and the associated perils have forced countries worldwide to take concrete steps to control the situation. The US is one of the frontrunners to roll out plans to curb emissions from the power generation industry Additionally, many states are expected to opt for natural gas-powered plants as these are more cost-effective than setting up renewable plants and associated infrastructure. Moreover, microturbines are a cost-effective and less polluting power generation option that can provide electricity, especially in remote areas. Therefore, the technology is expected to gain momentum during the forecast period. 

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Major Five Microturbine Companies:

  • Ansaldo Energia Spa
  • Bladon Jets
  • Brio Energy Pvt. Ltd.
  • Capstone Turbine Corp.
  • Eneftech Innovation SA

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