Micro Turbines Market 2022: Anticipating a CAGR of 9.46% Growing Adoption of Combined Heat and Power by almiracoyne · June 26 Cheap K. J. Wright Jersey , 2019
The Micro Turbines Market is expected to grow from an estimated USD 159.7 Million in 2017 to USD 251.0 Million by 2022, at a CAGR of 9.46%, during the forecast period. The market is set to grow due to increasing efforts to reduce global greenhouse gas emissions, growing adoption of combined heat and power (CHP), and increasing demand for clean energy worldwide.
Browse 70 Market Data Tables and 36 Figures spread through 132 Pages and in-depth TOC on “Micro Turbines Market鈥?p>
The combined heat and power segment is expected to hold the largest share of the micro turbines market, by application Cheap Justin Britt Jersey , during the forecast period.
Micro turbines find application mainly in CHP plants. The global market, in terms of value, for micro turbines used in CHP-based applications was the highest and it accounted for a major share of the total market. Cogeneration or CHP is highly efficient and can achieve primary energy savings of nearly 40%. Moreover, they are installed close to the end-user, which helps in reducing T&D losses. They also have lower total emissions since the exhaust is utilized for other operational purposes. Thus, CHP application segment leads the micro turbines market.
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North America: Expected to be the leading market for micro turbines during the forecast period.
In this report Cheap Chris Carson Jersey , the micro turbines market has been analyzed with respect to 4 regions, namely, North America, Europe, Asia Pacific, and the rest of the world. The market in North America is expected to continue leading the market. Urbanization Cheap Bradley McDougald Jersey , industrialization, and fast economic growth have led to an increase in the demand for electric power. To meet this growing demand aging infrastructure is being replaced with new power plants, especially gas-fired ones, which use micro turbines.
Objectives of the study:
To define, describe, and forecast the micro turbines market by power rating Cheap Duane Brown Jersey , application, end-user, and region To provide detailed information regarding the major factors influencing the growth of the micro turbines market (drivers, restraints, opportunities, and industry-specific challenges) To strategically analyze the micro turbines market with respect to individual growth trends Cheap J.R. Sweezy Jersey , future prospects, and the contribution of each segment to the market To track and analyze competitive developments, such as contracts & agreements, new product launches, expansions and investments, and partnerships and collaborations in the micro turbines market To strategically profile the key players and comprehensively analyze their market shares and core competencies
To enable an in-depth understanding of the competitive landscape Cheap Sebastian Janikowski Jersey , the report includes the profiles of some of the top players in the micro turbines market. These include Capstone Turbine (US), FlexEnergy (US), Ansaldo Energia (Italy), MTT (Netherlands), and Toyota Turbine and Systems (Japan). The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.
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