LONDON, Nov. 27, 2014 /PRNewswire/ -- Increasing energy
demand-supply gap, rising adoption of low emission power generation
sources and need to generate power cost efficiently are some of the
factors that are accelerating the market for microturbines
globally. Further, ability to run on multiple fuels is another key
factor which is spurring the demand for microturbines Low power
rating microturbines have dominated global microturbine market,
with their demand increasing on account of increasing usage in
hybrid electric vehicles. Further, R&D initiatives towards
enhancing the efficiency of microturbine is expected to provide
necessary boost to its demand. Companies such as Brayton Energy and
Capstone are the key players which are working towards developing
efficient microturbines.
According to "Global Microturbine Market Forecast &
Opportunities, 2019", the global microturbine market is projected
to reach USD 396 million by 2019.
North America and Europe are the leading microturbine markets,
accounting for majority of the share in global market. The demand
for Combined Cooling & Heating Power (CCHP) and Combined
Heating & Power (CHP) generation technologies is expected to
increase significantly due to rising concerns for global warming
and depleting natural resources such as coal and oil. The rising
tariff rate of electricity and increasing energy deficit is also
forecast to propel the demand for environment-friendly technologies
including microturbine technology. The adoption of microturbine
technology is further supported by continuing technological
developments to enhance the performance characteristics of the
technology with grid integrated microturbine systems, solar-hybrid
microturbine system and integrated fuel cell & microturbine
system. Presently, Capstone is the leading player in the global
microturbine market and the company is expected to continue its
dominance through 2019. "Global Microturbine Market Forecast &
Opportunities, 2019" discusses the following aspects of the global
microturbine market:
• Global Microturbine Market Size, Share & Forecast
• Segmental Analysis - By Power Output
• Price Point Analysis and Drivers & Challenges
• Changing Market Trends & Emerging Opportunities
• Competitive Landscape & Strategic Recommendations
Why You Should Buy This Report?
• To gain an in-depth understanding of microturbine market
globally
• To identify the on-going trends and anticipated growth in the
next five years
• To help industry consultants, microturbine manufacturers and
distributors to align their market-centric strategies
• To obtain research based business decisions and add weight to
presentations and marketing material
• To avail 10% customization in the report without any extra
charges and get the research data or trends added in the report as
per the buyer's specific needs
Report Methodology
The information contained in this report is based upon both primary
and secondary sources. Primary research included interviews with
major microturbine manufacturer and distributors. Secondary
research included an exhaustive search of relevant publications
like company annual report, financial reports and proprietary
databases.
Download the full report:
https://www.reportbuyer.com/product/2201186/
About Reportbuyer
Reportbuyer is a leading industry intelligence solution that
provides all market research reports from top publishers
http://www.reportbuyer.com
For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: query@reportbuyer.com
Tel: +44 208 816 85 48
Website: www.reportbuyer.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/global-microturbine-market-forecast-and-opportunities-2019-300002106.html
SOURCE ReportBuyer