Microturbines - Global Strategic Business Report

The global market for Microturbines is estimated at US$58.5 Million in 2023 and is projected to reach US$103.8 Million by 2030, growing at a CAGR of 8.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the microturbine market is driven by several factors. Firstly, technological advancements in turbine design and materials are enhancing efficiency and reducing costs, making microturbines more attractive to a wider range of applications. The increasing focus on reducing carbon footprints and adhering to strict emissions regulations is propelling the adoption of low-emission microturbines. Additionally, the versatility of microturbines to operate on various fuels, including renewable sources like biogas, is expanding their market potential. The rising demand for distributed generation solutions, particularly in remote and off-grid locations, is also driving market growth.

Furthermore, the growing need for reliable backup power systems in critical infrastructure, such as hospitals and data centers, is boosting the deployment of microturbines. The market is further supported by government incentives and subsidies aimed at promoting clean energy technologies. These factors collectively contribute to the robust growth trajectory of the microturbine market, reflecting its increasing significance in the global energy landscape.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the 12 KW-50 KW Power Rated Microturbines segment, which is expected to reach US$13.2 Million by 2030 with a CAGR of a 5.8%. The 51 KW-250 KW Power Rated Microturbines segment is also set to grow at 8.2% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $15.8 Million in 2023, and China, forecasted to grow at an impressive 11.8% CAGR to reach $21.9 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Microturbines Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Microturbines Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Microturbines Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as 247Solar, Inc., Ansaldo Energia SpA, Aurelia Turbines Oy, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 27 Featured):

• 247Solar, Inc.
• Ansaldo Energia SpA
• Aurelia Turbines Oy
• Bladon Jets Holdings Ltd.
• Bowman Power Group Ltd.
• Capstone Turbine Corporation
• FlexEnergy
• ICR Turbine Engine Corporation (ICRTec)
• Micro Turbine Technology BV
• Turbo Tech Precision Engineering Pvt., Ltd.