Micro Turbines Market 2022: Anticipating a CAGR of 9.46% Growing Adoption of Combined Heat and Power by almiracoyne · June 26 Nikita Zaitsev Jersey Authentic , 2019
The Micro Turbines Market is expected to grow from an estimated USD 159.7 Million in 2017 to USD 251.0 Million by 2022, at a CAGR of 9.46%, during the forecast period. The market is set to grow due to increasing efforts to reduce global greenhouse gas emissions, growing adoption of combined heat and power (CHP), and increasing demand for clean energy worldwide.
Browse 70 Market Data Tables and 36 Figures spread through 132 Pages and in-depth TOC on “Micro Turbines Market鈥?p>
The combined heat and power segment is expected to hold the largest share of the micro turbines market, by application Zack Smith Jersey Authentic , during the forecast period.
Micro turbines find application mainly in CHP plants. The global market, in terms of value, for micro turbines used in CHP-based applications was the highest and it accounted for a major share of the total market. Cogeneration or CHP is highly efficient and can achieve primary energy savings of nearly 40%. Moreover, they are installed close to the end-user, which helps in reducing T&D losses. They also have lower total emissions since the exhaust is utilized for other operational purposes. Thus, CHP application segment leads the micro turbines market.
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The 50鈥?50 kW power rating segment is expected to be the largest segment of the micro turbines market in 2017
The report segments the micro turbines market Anthony Duclair Jersey Authentic , on the basis of rated capacity, into 12鈥?0 kW, 50鈥?50 kW, and 250鈥?00 kW. The 50鈥?50 kW micro turbines have been widely accepted in the past few years. Capstone Turbine, Ansaldo, and FlexEnergy are the major providers of these micro turbines in the global market. The market for the 50鈥?50 kW rated micro turbines will be driven by the many upcoming CHP-based power plants in Asia Pacific and North America. The replacement of old coal-fired power generation capacity in the US with new large capacity gas-fired power plants will also boost the market.
North America: Expected to be the leading market for micro turbines during the forecast period.
In this report Bobby Ryan Jersey Authentic , the micro turbines market has been analyzed with respect to 4 regions, namely, North America, Europe, Asia Pacific, and the rest of the world. The market in North America is expected to continue leading the market. Urbanization Mike Condon Jersey Authentic , industrialization, and fast economic growth have led to an increase in the demand for electric power. 聽To meet this growing demand aging infrastructure is being replaced with new power plants, especially gas-fired ones, which use micro turbines.
Objectives of the study:
To define, describe, and forecast the micro turbines market by power rating Mikkel Boedker Jersey , application, end-user, and region To provide detailed information regarding the major factors influencing the growth of the micro turbines market (drivers, restraints, opportunities, and industry-specific challenges) To strategically analyze the micro turbines market with respect to individual growth trends Ron Hainsey Jersey , future prospects, and the contribution of each segment to the market To track and analyze competitive developments, such as contracts & agreements, new product launches, expansions and investments, and partnerships and collaborations in the micro turbines market To strategically profile the key players and comprehensively analyze their market shares and core competencies
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