Market Scenario As per the recent assessment by Market Research Future Reports (MRFR), the worldwide micro gas turbines market is estimated to grow at a CAGR of 10% during the assessment period. The increasing demand for clean energy is the most substantial factor augmenting the global micro turbines market 2020. The easy availability of fuel is another factor causing the rise of micro turbines market. Moreover, there has been a surge in demand for cogeneration application which is likely to drive an inclination towards microturbines. Besides, the increasing concern of for global warming due to the toxic effect produced by the burning of fossil fuels is projected to lead the microturbine market during the review period. Also, the increasing demand for cogeneration application is contributing significantly in the market expansion. Besides, the ageing of grid infrastructure and the augmenting need for green energy are other significant factors leading to market growth. Moreover, the government of several countries have implemented stringent action to preserve the environment. Besides, the increasing investment in technology is likely to expand the market additionally. The assessment carried out by MRFR displays the effect of the COVID-19 pandemic. Also, an in-depth analysis of factors amplifying and thwarting the market in the post-COVID-19 environment has been evaluated. We will provide COVID-19 impact analysis with the report. Market Segmentation The worldwide micro turbines market can be segmented on the basis of application, power rating, end-user, and region. On the basis of application, the worldwide micro turbines market can be segmented into cogeneration and standby power. On the basis of power-rating, the worldwide micro turbines market can be segmented into 12 KW-50kW, 50kW-250kW, and 250kW-500kW market segments. On the basis of end-user, the worldwide micro turbines market can be segmented into commercial, industrial, and residential. On the basis of region, the worldwide micro turbines generator system market can be segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). Regional Analysis The geographical study of North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW) has been carried out. As per the analysis, North America is speculated to be the largest market holder. There has been a sudden surge in the power generation resources driven by implementing rules and regulations to lessen the carbon emission. Moreover, there has been a rise in demand for energy in the region which is additionally augmenting the market. Among all nations, the U.S. and Canada are projected to make the most significant contribution is magnifying the market. As per the study, in Europe, France, Germany, and the U.K. is estimated to make the maximum contribution in enlarging the market in the forthcoming period. Besides, the region has been encouraging the usage of green energy which is fueling the regional market growth. The energy generation sector in Europe is likely to augment the market further. On the other hand, the APAC region is estimated to be a lucrative market during the review period. The emerging economies like Japan, China, and India are making maximum participation in enhancing market growth. The rising industrialization and the urbanization are estimated to be the most significant factor resulting in regional market expansion. Key Players The global forefront players of the micro turbines market size are FlexEnergy, Inc. (U.S.), Capstone Turbine Corporation (U.S.), Ansaldo Energia S.p.A (Italy), Brayton Energy LLC. (U.S.), Microturbine Technology B.V. (the Netherlands), Eneftech Innovation S.A. (Switzerland), Wilson Solar power Corporation (U.S.), Calnetix Technologies LLC (U.S.), Toyota Motor Corporation (Japan), Bladon Jets (Isle of Man), ICR Turbine Engine Corporation (U.S.), and a few others. Table Of Contents 1 Executive Summary 14 1.1 Market Attractiveness Analysis 16 1.1.1 Global Micro Turbine Market, By Application 16 1.1.2 Global Micro Turbine Market, By Power Rating 17 1.1.3 Global Micro Turbine Market, By End-Use 18 1.1.4 Global Micro Turbine Market, By Region 19 2 Market Introduction 20 2.1 Definition 20 2.2 Scope Of The Study 20 2.3 Market Structure 21 2.4 Key Buying Criteria 21 3 Research Methodology 22 3.1 Research Process 22 3.2 Primary Research 23 3.3 Secondary Research 24 3.4 Market Size Estimation 24 3.5 Forecast Model 25 3.6 List Of Assumptions 26 Browse Complete Report Details @ https://www.marketresearchfuture.com/reports/micro-turbine-market-4099 About Market Research Future: Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information. We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis. Contact Us: Market Research Future Office No. 524/528, Amanora Chambers Magarpatta Road, Hadapsar Pune - 411028 Maharashtra, India +1 646 845 9312 Email: sales@marketresearchfuture.com
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