Global Micro Turbine Market Research Report – Forecast to 2027

Micro Turbine Market Information Report by Application (Cogeneration, Standby Power), Power Rating (12 kW -50 kW, 50 kW-250 kW, 250 kW-500 kW), End-Use (Industrial, Commercial, Residential) and Region - Global Forecast To 2027

ID: MRFR/E&P/2767-HCR | February 2021 | Region: Global | 111 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data.

Impact of COVID-19 on the Global Micro Turbine Market
Micro Turbine Market


Source: Primary Experts, Secondary Sources, and MRFR Analysis


The coronavirus has infected millions of people across more than 200 countries, impacting economies, lifestyles, and businesses. Energy and utility being some of the severely impacted sectors, the enterprises in these sectors are focused on safeguarding their assets and providing safe, reliable supply of natural gas and electricity to their consumers. Power is an essential element for driving economic growth, especially in emerging markets. COVID-19 has had a significant impact on the power sector, owing to a reduction in demand, financial pressure, and disruptions in the power supply chain.


Industrial Production in the European Union during the COVD-19 Pandemic


Source: Eurostat


Microturbines are a distributed energy-generation technology which is used for stationary energy generation applications. The increasing demand for clean energy, aging grid infrastructure, and easy fuel availability are the factors driving the demand for microturbines. However, the spread of coronavirus is expected to have a moderate impact on the microturbines market. The power distribution industry is going through a turbulent phase owing to the large accumulated dues that need to be paid to generators, liquidity issues due to restricted cash flow, uncertain revenue due to the halting of industrial and commercial operations, and the overall low power demand in the sector.


Lockdowns implemented by the governments of various countries have led to restrictions being placed on travel and businesses being shut down, causing obstacles in revenue generation. Also, the disruptions in the supply chain and trade restrictions have impacted the production of microturbines. Moreover, the economic downturn has led to a decrease in the demand for high-cost equipment among consumers, which has led to cancellations or delays in orders. The gradual resumption of manufacturing facilities in China is helping the market regain traction at a steady pace. According to the MRFR analysis, the market is expected to stabilize in early 2021 and witness significant growth during the review period owing to the increasing demand for cogeneration applications and growing environmental concerns regarding global warming.

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

4 Market Insights 27

5 Market Dynamics 31

5.1 Introduction 31

5.2 Drivers 32

5.2.1 Rising Demand for Energy 33

5.2.2 Increasing Focus on the Generation of Clean Energy 34

5.2.3 Drivers Impact Analysis 34

5.3 Restraints 35

5.3.1 Low Electrical Efficiency 35

5.3.2 Restraints Impact Analysis 35

5.4 Opportunities 36

5.4.1 Increase in Distributed Power Generation Capacity 36

5.5 Porter’s Five Forces Model 36

5.5.1 Threat of New Entrants 37

5.5.2 Bargaining Power of Suppliers 37

5.5.3 Bargaining Power of Buyers 38

5.5.4 Threat of Substitutes 38

5.5.5 Intensity of Rivalry 38

5.6 Value Chain Analysis 39

5.6.1 Raw Material Supply 40

5.6.2 Manufacturing and Assembly 40

5.6.3 Fabrication and Testing 40

5.6.4 End-Use 40

6 Global Micro Turbine Market, by Application 41

6.1 Overview 41

On the basis of Application, the global Micro Turbine Market is divided into: 41

6.1.1 Application: Market Estimates & Forecast, 2019–2027 42

6.2 Cogeneration 43

6.3 Standby Power 43

7 Global Micro Turbine Market, by Power Rating 45

7.1 Overview 45

On the basis of Power Rating, the global Micro Turbine Market is divided into: 45

7.1.1 Power Rating: Market Estimates & Forecast, 2019–2027 46

7.2 12 kW-50 kW 47

7.3 50 kW-250 kW 47

7.4 250 kW-500 kW 48

8 Global Micro Turbine Market, by End-Use 50

8.1 Overview 50

On the basis of End-Use, the global Micro Turbine Market is divided into: 50

8.1.1 End-Use: Market Estimates & Forecast, 2019–2027 50

8.2 Industrial 51

8.3 Commercial 51

8.4 Residential 51

9 Global Micro Turbine Market, by Region 52

9.1 Overview 52

9.2 North America 53

9.2.1 US 56

9.2.2 Canada 58

9.2.3 Mexico 59

9.3 Europe 61

9.3.1 Germany 63

9.3.2 UK 64

9.3.3 France 66

9.3.4 Italy 67

9.3.5 Rest of Europe 69

9.4 Asia-Pacific 71

9.4.1 China 73

9.4.2 India 75

9.4.3 Japan 76

9.4.4 Rest of Asia-Pacific 77

9.5 Rest of the World 79

9.5.1 Middle East & Africa 81

9.5.2 South America 82

10 Competitive Landscape 85

10.1 Competitive Overview 85

10.2 Competitor Dashboard 86

10.3 Major Growth Strategies of the Global Micro Turbine Market 87

10.4 Competitive Benchmarking 88

10.5 Market Share Analysis 89

10.6 Capstone Turbine Corporation: The Leading Player in terms of Number of Developments in the Global Micro Turbine Market 89

11 Company Profiles 90

11.1 Capstone Turbine Corporation 90

11.1.1 Company Overview 90

11.1.2 Financial Overview 90

11.1.3 Products Offered 90

11.1.4 Key Developments 91

11.1.5 SWOT Analysis 92

11.1.6 Key Strategies 92

11.2 FlexEnergy, Inc. 93

11.2.1 Company Overview 93

11.2.2 Financial Overview 93

11.2.3 Products Offered 93

11.2.4 Key Developments 94

11.2.5 SWOT Analysis 94

11.2.6 Key Strategies 94

11.3 Ansaldo Energia S.P.A 95

11.3.1 Company Overview 95

11.3.2 Financial Overview 95

11.3.3 Products Offered 95

11.3.4 Key Developments 96

11.3.5 SWOT Analysis 97

11.3.6 Key Strategies 97

11.4 Brayton Energy LLC. 98

11.4.1 Company Overview 98

11.4.2 Financial Overview 98

11.4.3 Products Offered 98

11.4.4 Key Developments 99

11.4.5 SWOT Analysis 100

11.4.6 Key Strategies 100

11.5 Eneftech Innovation SA 101

11.5.1 Company Overview 101

11.5.2 Financial Overview 101

11.5.3 Products Offered 101

11.5.4 Key Developments 101

11.5.5 Key Strategies 101

11.6 Microturbine Technology BV 102

11.6.1 Company Overview 102

11.6.2 Financial Overview 103

11.6.3 Products Offered 104

11.6.4 Key Developments 104

11.6.5 SWOT Analysis 105

11.6.6 Key Strategies 105

11.7 Wilson Solarpower Corporation 106

11.7.1 Company Overview 106

11.7.2 Financial Overview 107

11.7.3 Products Offered 107

11.7.4 Key Developments 108

11.7.5 SWOT Analysis 109

11.7.6 Key Strategies 109

11.8 ICR Turbine Engine Corporation 110

11.8.1 Company Overview 110

11.8.2 Financial Overview 110

11.8.3 Products Offered 110

11.8.4 Key Developments 110

11.8.5 SWOT Analysis 111

11.8.6 Key Strategies 111

11.9 Calnetix Technologies LLC 112

11.9.1 Company Overview 112

11.9.2 Financial Overview 112

11.9.3 Products Offered 112

11.9.4 Key Developments 113

11.9.5 SWOT Analysis 113

11.9.6 Key Strategies 113

11.10 Toyota Motor Corporation 114

11.10.1 Company Overview 114

11.10.2 Financial Overview 114

11.10.3 Products Offered 114

11.10.4 Key Developments 115

11.10.5 SWOT Analysis 115

11.10.6 Key Strategies 115

12 Appendix 119

12.1 References 119

12.2 Related Reports 119

12.3 List of Abbreviation 120


List of Tables

TABLE 1 LIST OF ASSUMPTIONS 26

TABLE 2 MICRO TURBINE MARKET ESTIMATES & FORECAST, BY APPLICATION, 2019–2027 (USD MILLION) 42

TABLE 3 MICRO TURBINE MARKET ESTIMATES & FORECAST, BY POWER RATING, 2019–2027 (USD MILLION) 46

TABLE 5 MICRO TURBINE MARKET ESTIMATES & FORECAST, BY END-USE, 2019–2027 (USD MILLION) 50

TABLE 6 GLOBAL MICRO TURBINE MARKET, BY REGION, 2020–2027 (USD MILLION) 53

TABLE 7 NORTH AMERICA: MICRO TURBINE MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 54

TABLE 8 NORTH AMERICA: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 54

TABLE 9 NORTH AMERICA: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 55

TABLE 10 NORTH AMERICA: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 55

TABLE 11 US: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 56

TABLE 12 US: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 57

TABLE 13 US: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 57

TABLE 14 CANADA: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 58

TABLE 15 CANADA: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 58

TABLE 16 CANADA: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 59

TABLE 17 MEXICO: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 59

TABLE 18 MEXICO: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 60

TABLE 19 MEXICO: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 60

TABLE 20 EUROPE: MICRO TURBINE MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 61

TABLE 21 EUROPE: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 62

TABLE 22 EUROPE: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 62

TABLE 23 EUROPE: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 63

TABLE 24 GERMANY: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 63

TABLE 25 GERMANY: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 64

TABLE 26 GERMANY: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 64

TABLE 27 UK: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 65

TABLE 28 UK: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 65

TABLE 29 UK: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 66

TABLE 30 FRANCE: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 66

TABLE 31 FRANCE: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 67

TABLE 32 FRANCE: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 67

TABLE 33 ITALY: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 68

TABLE 34 ITALY: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 68

TABLE 35 ITALY: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 69

TABLE 36 REST OF EUROPE: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 69

TABLE 37 REST OF EUROPE: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 70

TABLE 38 REST OF EUROPE: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 70

TABLE 39 ASIA-PACIFIC: MICRO TURBINE MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 71

TABLE 40 ASIA-PACIFIC: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 72

TABLE 41 ASIA-PACIFIC: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 72

TABLE 42 ASIA-PACIFIC: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 72

TABLE 43 CHINA: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 73

TABLE 44 CHINA: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 74

TABLE 45 CHINA: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 74

TABLE 46 INDIA: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 75

TABLE 47 INDIA: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 75

TABLE 48 INDIA: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 76

TABLE 49 JAPAN: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 76

TABLE 50 JAPAN: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 77

TABLE 51 JAPAN: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 77

TABLE 52 REST OF ASIA-PACIFIC: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 78

TABLE 53 REST OF ASIA-PACIFIC: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 78

TABLE 54 REST OF ASIA-PACIFIC: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 79

TABLE 55 REST OF THE WORLD: MICRO TURBINE MARKET, BY REGION, 2020-2027 (USD MILLION) 79

TABLE 56 REST OF THE WORLD: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 80

TABLE 57 REST OF THE WORLD: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 80

TABLE 58 REST OF THE WORLD: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 81

TABLE 59 MIDDLE EAST & AFRICA: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 81

TABLE 60 MIDDLE EAST & AFRICA: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 82

TABLE 61 MIDDLE EAST & AFRICA: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 82

TABLE 62 SOUTH AMERICA: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 83

TABLE 63 SOUTH AMERICA: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 83

TABLE 64 SOUTH AMERICA: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 84

TABLE 65 CAPSTONE TURBINE CORPORATION: THE MOST ACTIVE PLAYER IN THE GLOBAL MICRO TURBINE MARKET 89

TABLE 66 CAPSTONE TURBINE CORPORATION: PRODUCTS OFFERED 90

TABLE 67 CAPSTONE TURBINE CORPORATION: KEY DEVELOPMENTS 91

TABLE 68 FLEXENERGY, INC.: KEY DEVELOPMENTS 94

TABLE 69 ANSALDO ENERGIA S.P.A: PRODUCTS OFFERED 95

TABLE 70 ANSALDO ENERGIA S.P.A: KEY DEVELOPMENTS 96

TABLE 71 BRAYTON ENERGY LLC.: PRODUCTS OFFERED 98

TABLE 72 BRAYTON ENERGY LLC.: KEY DEVELOPMENTS 99

TABLE 73 ENEFTECH INNOVATION SA: PRODUCTS OFFERED 101

TABLE 74 MICROTURBINE TECHNOLOGY BV: PRODUCTS OFFERED 117


List of Figures

FIGURE 1 MARKET SYNOPSIS 15

FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL MICRO TURBINE MARKET, 2020 16

FIGURE 3 GLOBAL MICRO TURBINE MARKET ANALYSIS BY APPLICATION 16

FIGURE 4 GLOBAL MICRO TURBINE MARKET ANALYSIS BY POWER RATING 17

FIGURE 5 GLOBAL MICRO TURBINE MARKET ANALYSIS BY END-USE 18

FIGURE 6 GLOBAL MICRO TURBINE MARKET ANALYSIS BY REGION 19

FIGURE 7 GLOBAL MICRO TURBINE MARKET: MARKET STRUCTURE 21

FIGURE 8 KEY BUYING CRITERIA OF MICRO TURBINE 21

FIGURE 9 RESEARCH PROCESS OF MRFR 22

FIGURE 10 TOP DOWN & BOTTOM UP APPROACH 25

FIGURE 11 NORTH AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2018 VS 2027) 27

FIGURE 12 EUROPE MARKET SIZE & MARKET SHARE BY COUNTRY (2018 VS 2027) 28

FIGURE 13 ASIA-PACIFIC & MARKET SHARE BY COUNTRY (2018 VS 2027) 29

FIGURE 14 REST OF THE WORLD MARKET SIZE & MARKET SHARE BY COUNTRY (2018 VS 2027) 30

FIGURE 15 DROC ANALYSIS OF GLOBAL MICRO TURBINE MARKET 31

FIGURE 16 GLOBAL AUTOMOTIVE PRODUCTION (2016 VS 2020) 32

FIGURE 17 GLOBAL INFRASTRUCTURE INVESTMENT (2018) 33

FIGURE 18 DRIVERS IMPACT ANALYSIS: MICRO TURBINE MARKET 34

FIGURE 19 RESTRAINTS IMPACT ANALYSIS: MICRO TURBINE MARKET 35

FIGURE 20 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL MICRO TURBINE MARKET 37

FIGURE 21 VALUE CHAIN: GLOBAL MICRO TURBINE MARKET 39

FIGURE 22 GLOBAL MICRO TURBINE MARKET, BY APPLICATION, 2020 (% SHARE) 41

FIGURE 23 GLOBAL MICRO TURBINE MARKET, BY APPLICATION, 2020 TO 2027 (USD MILLION) 42

FIGURE 24 GLOBAL MICRO TURBINE MARKET, BY TYPE OF POWER RATING, 2020 (% SHARE) 45

FIGURE 25 GLOBAL MICRO TURBINE MARKET, BY POWER RATING, 2020 TO 2027 (USD MILLION) 47

FIGURE 26 GLOBAL MICRO TURBINE MARKET, BY END-USE, 2020 (% SHARE) 50

FIGURE 27 GLOBAL MICRO TURBINE MARKET, BY END-USE, 2020 TO 2027 (USD MILLION) 51

FIGURE 28 GLOBAL MICRO TURBINE MARKET, BY REGION, 2020 TO 2027 (USD MILLION) 52

FIGURE 29 COMPETITOR DASHBOARD: GLOBAL MICRO TURBINE MARKET 86

FIGURE 30 PRODUCT DEVELOPMENT: THE MAJOR STRATEGY ADOPTED BY KEY PLAYERS IN GLOBAL MICRO TURBINE MARKET 87

FIGURE 31 BENCHMARKING OF MAJOR COMPETITORS 88

FIGURE 32 MAJOR MANUFACTURER MARKET SHARE ANALYSIS, 2020 89

FIGURE 33 KALTRA: FINANCIAL OVERVIEW SNAPSHOT 90

FIGURE 34 KALTRA: SWOT ANALYSIS 92

FIGURE 35 WELCON INC: TOTAL REVENUE VS RESEARCH & DEVELOPMENT AND GEOGRAPHICAL REVENUE (2014–2020) 93

FIGURE 36 WELCON INC: SWOT ANALYSIS 94

FIGURE 37 SHANGHAI SHENGLIN M&E TECHNOLOGY CO., LTD.: SWOT ANALYSIS 97

FIGURE 38 EVAPCO INC: SWOT ANALYSIS 100

FIGURE 39 MODINE MANUFACTURING COMPANY: TOTAL REVENUE VS RESEARCH & DEVELOPMENT AND GEOGRAPHICAL REVENUE (2015–2018) 103

FIGURE 40 MODINE MANUFACTURING COMPANY: SWOT ANALYSIS 105

FIGURE 41 DANFOSS: TOTAL REVENUE VS RESEARCH & DEVELOPMENT AND GEOGRAPHICAL REVENUE (2015–2018) 107

FIGURE 42 DANFOSS: SWOT ANALYSIS 109

FIGURE 43 ZHEJIANG DUNAN ARTIFICIAL ENVIRONMENT CO., LTD: SWOT ANALYSIS 111

FIGURE 44 SANHUA: SWOT ANALYSIS 113

FIGURE 45 VACUUM PROCESS ENGINEERING: SWOT ANALYSIS 115

FIGURE 46 SUMITOMO PRECISION PRODUCTS CO., LTD: FINANCIAL OVERVIEW SNAPSHOT 117

FIGURE 47 SUMITOMO PRECISION PRODUCTS CO., LTD: SWOT ANALYSIS 118