According to a new market
report published by Transparency Market Research "Microturbine Systems Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast, 2013 - 2019" global microturbine
systems market was valued at USD 144.4 million in 2012, growing at a CAGR of
16.7% from 2013 to 2019. Annual installation was 123.2 MW in 2012 and is
expected to reach 447.4 MW in 2019, growing at a CAGR of 19.8% from 2013 to
2019.
Rising global energy
demand with increasing grid instability is expected to bolster microturbine
systems market growth over the next five to six years. Impending stringent
environmental regulations to curb down harmful emissions accompanied by
increased awareness about clean and green energy generation are further
fuelling the product demand. Increasing electricity consumption in off grid
areas is likely to create new opportunities for the market, as these systems
can be installed at a number of remote locations owing to its compact size and
reliability. Inception of supercritical CO2 (Organic Rankine Cycle) with 16%
more efficiency than conventional microturbine systems is probable to lay down
new opportunities for the market.
Major end use segments
analyzed in this report include residential, commercial and industrial
microturbine market. Low power rating requirements (30 KW to 200 KW) of
commercial end use segment is expected to drive microturbine systems market
over the coming years. As a result the commercial end use segment is expected
to grow at a CAGR of 20.2% over the forecast period. Industrial end use segment
dominated microturbines market in 2012 which accounted for 59.33% market share.
Furthermore, the market is categorized as per CHP generation and standby power
applications of which CHP generation accounting for more than 67.0% market
share in 2012.
North America dominated
the microturbine systems market, accounting for 42.82% of the overall market in
2012. United States, Canada and Mexico are the key regional markets in North
America wherein the U.S. dominated the market in 2012 and is expected to
continue its dominance over the coming years. Increasing carbon footprint and
regulatory intervention of several environmental agencies including CAA (Clean
Air Act) are likely to fuel product demand in North America. Restructured EU
NEC (European Union National Emission Ceilings) policies have assisted the
microturbine market prosper significantly over the past couple of years. Asia
Pacific microturbine systems market is estimated to reach USD 61.1 million by
2019 while Rest of the World microturbine systems market is expected to grow at
a CAGR of 19.6% from 2013 to 2019 owing to the strong supportive schemes made
available by the Brazilian government and increased energy demand in off grid
areas of Africa.
The key market
participants in the industry include Capstone Turbine Corporation, FlexEnergy,
Global Microturbine LLC, and NewEnCo. The report provides an overview of these
companies followed by their financial revenue, business strategies, and recent
developments.
This research analyzes and
estimates the performance and market of microturbine systems in the global
scenario, providing detailed trend analysis of the market by geography and
comprehensive analysis of companies that are dealing in microturbine systems.
The report presents a thorough assessment of the strategies followed by
different stakeholders by segmenting the microturbine systems market as below:
Microturbine
Systems Market: End Use Analysis
·
Industrial
·
Commercial
·
Residential
Microturbine
Systems Market: Application Analysis
·
CHP Generation
·
Standby Power
Microturbine
Systems Market: Regional Analysis
·
North America
·
Europe
·
Asia-Pacific
·
RoW (Rest of the World)
Blogs:
No comments
No comments
0 comments:
Post a Comment