A Research Study Titled, “Microturbines Market by Application Combined Heat & Power (CHP) and Standby Power), Power Rating (50 kW-250 kW, 12 kW -50 kW, 250 kW-500 kW), End User (Commercial, Industrial, Residential) Forecast 2014 to 2023”, Published By Crystal Market Research
Market Highlights
The Microturbines Market was worth USD 125.67 million in 2014 and is expected to reach approximately USD 282.55 million by 2023, while registering itself at a compound annual growth rate (CAGR) of 9.42% during the forecast period. Micro turbines provide the extensive variety of advantages which incorporates capacity to keep running on numerous energizes, compact size, less moving parts and higher proficiency bringing about lower power costs which are foreseen to build its request among the end use industries. Increasing requirement for sources of energy combined with developing ecological concerns including contamination levels and global warming is foreseen to promote the product improvement in rising economies including China, Malaysia, and South Korea. Decommissioning of nuclear plants in developed districts primarily Europe is foreseen to drive general market demand over the forecast period.
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Regional Outlook and Trend Analysis
North America Micro Turbine Market drove the worldwide business and represented more than 35% of aggregate market income in 2015. The territorial demand was majorly determined by higher rate of utilization in U.S. mining, construction, pharmaceutical industries and waste water treatment. Canada and Mexico are foreseen to grow at critical CAGRs over the figure time frame.
Competitive Insights
The leading players in the market are Brayton Energy LLC, Flexenergy, ICR Turbine Engine Corporation, Capstone Turbine, Eneftech Innovation SA, Toyota, Ansaldo Energia, Bladon Jets, Newenco, Micro Turbine Technology BV and Calnetix Technologies LLC. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Microturbines Market - By Region:
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
Rest of the World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
Rest of the World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
What Our Report Offer:
1) An extensive research study on the Global Microturbines Market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Microturbines Market.
2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.
3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.
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