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%.
This report provides a detailed analysis of the market by end-user (industrial, commercial, and residential), application (cogeneration and stand-by power), geography (North America, Europe, APAC, South America, and MEA), and key vendors.
Market Overview
Browse TOC and LoE with selected illustrations and example pages of Microturbine Market
Market Competitive Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Ansaldo Energia Spa
- Bladon Jets
- Brio Energy Pvt. Ltd.
- Capstone Turbine Corp.
- Eneftech Innovation SA
- FlexEnergy Inc.
- General Electric Co.
- ICR Turbine Engine Corp.
- Micro Turbine Technology (MTT) BV
- OPRA Turbines
The microturbine market is fragmented and the vendors are deploying growth strategies such as R&D to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as strict regulations to curb carbon emissions to achieve growth opportunities. However, factors such as new technology market entry hurdles faced by microturbines will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the microturbine market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
This microturbine market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
Microturbine Market: Key Drivers and Trends
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Microturbine Market: Segmentation by Geography
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36% of the market’s growth will originate from North America during the forecast period. The US is one of the key markets for microturbines in North America. However, market growth in this region will be slower than the growth of the market in APAC and Europe.
The shale gas boom is one of the prime factors that will facilitate the microturbine market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
Microturbine Market: Segmentation by End-user
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Microturbines are used in several industries such as food processing, furniture, plastics and plating, metals and mining, and wastewater treatment industries. Moreover, as a result of their ability to function on multiple fuels, they have also found significant application in the oil and gas industry sector. The oil and gas industries in countries such as the US, Russia, and China will be the major revenue contributors where microturbines are used for both power generation and heating/cooling purposes. Therefore, the growth of the market segment is expected to be significant during the forecast period.
Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the microturbine market size.
Microturbine Market: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive microturbine market growth during the next five years
- Precise estimation of the microturbine market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the microturbine industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of microturbine market vendors
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Microturbine Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 17% |
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Market growth 2021-2025 |
USD 988.86 million |
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Market structure |
Fragmented |
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YoY growth (%) |
7.13 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
North America at 36% |
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Key consumer countries |
US, UK, Denmark, China, India, and The Netherlands |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Ansaldo Energia Spa, Bladon Jets, Brio Energy Pvt. Ltd., Capstone Turbine Corp., Eneftech Innovation SA, FlexEnergy Inc., General Electric Co., ICR Turbine Engine Corp., Micro Turbine Technology (MTT) BV, and OPRA Turbines |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |