September 12, 2018 - 8:00 AM EDT
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$155 Million Micro Turbine Market - Forecasts from 2018 to 2023 -


The "Micro Turbine Market - Forecasts from 2018 to 2023" report has been added to's offering.

The global microturbine market was valued at US$116.410 million in 2017 and is projected to grow at a CAGR of 4.91% over the forecast period to reach US$155.198 million by 2023.
The micro-turbine market is driven by the surging requirement for cost-effective technology for power generation. Micro-turbines offer low emission power generation along with inexpensive operations, achieving profitable power generation and supply. Moreover, the development of micro-turbines operating on multiple fuels is significantly driving the market growth. Continuous research and development along with huge investments on micro-turbines to achieve efficiency are pushing the demand growth.
Furthermore, emphasis on reducing greenhouse gas emissions and other harmful emissions by incorporating natural gas-fired power plants is successfully augmenting the demand for these turbines over the forecast period. Developments and successful commercialization of hybrid electric vehicles are also spurring the growth for micro-turbines market across all geographical regions.

Major industry players profiled as part of the report are Flex Energy, Bladon Jets, Capstone Turbine Corporation and Micro Turbine Technology B.V. among others.


The global microturbine market has been analyzed through the following segments:

By Application

  • Co-generation
  • Standby power
  • Peak Shaving
  • Power quality

By End-User Industry

  • Energy and Power
  • Manufacturing
  • Pharmaceuticals
  • Wastewater Treatment
  • Mining

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

5. Global Micro Turbine Market By Application

6. Global Micro Turbine Market By End-User Industry

7. Global Micro Turbine Market By Geography

8. Competitive Intelligence

9. Company Profiles

  • FlexEnergy
  • Bladon Jets
  • Capstone Turbine Corporation
  • Ansaldo Energia S.p.A.
  • RMV Tech.
  • G TEAM, a.s.
  • ICR Turbine Engine Corporation
  • Micro Turbine Technology B.V.
For more information about this report visit
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Turbines

Source: Business Wire (September 12, 2018 - 8:00 AM EDT)

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