DUBLIN--(BUSINESS WIRE)--Sep 12, 2018--The "Micro Turbine Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com'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.

Segmentation:

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

By Application

Co-generationStandby powerPeak ShavingPower quality

By End-User Industry

Energy and PowerManufacturingPharmaceuticalsWastewater TreatmentMining

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

FlexEnergyBladon JetsCapstone Turbine CorporationAnsaldo Energia S.p.A.RMV Tech.G TEAM, a.s.ICR Turbine Engine CorporationMicro Turbine Technology B.V.For more information about this report visit https://www.researchandmarkets.com/research/xxmstd/155_million?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180912005563/en/

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Related Topics:Turbines

KEYWORD:

INDUSTRY KEYWORD: ENERGY OTHER ENERGY MANUFACTURING AEROSPACE

SOURCE: Research and Markets

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PUB: 09/12/2018 08:00 AM/DISC: 09/12/2018 08:01 AM

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