Micro Gas Turbine Market Size By Capacity (≤ 50 kW, > 50 kW to 250 kW, > 250 kW to 500 kW, > 500 kW), By Application (Power Generation, Oil & Gas, Commercial & Industrial CHP, Renewable, Hybrid Vehicles, Marine) & Forecast, 2023 – 2032

Micro Gas Turbine Industry Analysis

Micro Gas Turbine Market size was valued at USD 100.2 million in 2022 and is anticipated to expand at 7.5% CAGR from 2023 to 2032. The global market for gas turbine is expected to cross a valuation of USD 19.9 billion by 2032.
 

To get more details on this report: Request Free Sample PDF
 

The ongoing remote oil & gas operations particularly for offshore platforms and well sites will be a significant factor propelling the industry growth. Increasing applicability across aerospace and defense applications along with significant advancements in combustion technology will fuel the business dynamics. In addition, the need for reliable and decentralized power supply is driving the demand for these units.

COVID– 19 Impact

The COVID- 19 pandemic has had a minor impact on the micro gas turbine market, primarily due to delays in oil and gas operations. This has led to reduced industrial activities and investments in the market. However, certain regions have experienced the installation of CHP projects, which is in line with the current pandemic situation and has contributed to the business development. Additionally, the establishment of healthcare centers, increasing electricity demand, and ongoing vaccination efforts has positively impacted the market outlook.
 

Micro Gas Turbine Industry Trends

The growing demand for micro gas turbines in developing countries coupled with a focus on cost reduction will continue to entail the unit deployment. The increasing emphasis on cogeneration aligned with the expanding applications of waste heat recovery will strengthen the business potential. These systems offer compact size, high efficiency, and low emissions, making them suitable for a range of applications primarily commercial and industrial sector.
 

Micro Gas Turbine Capacity Segmentation

To get more details on this report: Request Free Sample PDF
 

The > 50 kW to 250 kW rated micro gas turbine market held a share of over 35% in 2022. Wide scale utilization of these units across district heating systems and the growing focus on energy efficiency will boost the product disposition. Robust growth in the development of commercial buildings coupled with the shifting focus toward grid energy solutions will positively sway the industry potential.
 

The > 250 kW to 500 kW rated micro gas turbine industry will witness an upsurge owing to expansion of micro-CHP systems in commercial and small-scale industries, driven by the growing demand for utility-scale power generation. Large scale integration of the units with renewable energy sources together with growing adoption in remote and off-grid applications will escalate the industry development. The ability to operate on a variety of fuels, including natural gas, biogas, and liquid fuels, makes them suitable for diverse environments.
 

Micro Gas Turbine Application Segmentation

To get more details on this report: Request Free Sample PDF
 

The hybrid vehicle application will witness growth rate of 8.1% by 2032. Growing demand for long-range electric vehicles coupled with increasing demand for energy-efficient transportation will foster the business prospective. Increasing infrastructural investments and shifting government focus to reduce dependency over fossil fuels will energize the micro gas turbine market dynamics. The increasing installation of these turbine across remote oil & gas operations where access to the electrical grid may be limited or unreliable will propel the business revenues.
 

The marine application will witness an appreciable momentum on account of rising investments in offshore energy projects and development of lightweight & compact micro gas turbine systems. Growth of maritime tourism sector coupled with expansion in luxury ship segment is gaining traction, which in turn will further support the industry growth.
 

Micro Gas Turbine Regional Analysis

The Europe micro gas turbine market was worth USD 22.8 million in 2022. Paradigm shift toward cleaner energy solutions and stringent emission norms will drive the product adoption. Increasing demand for distributed power generation and the shifting government focus toward reduction of greenhouse gas emissions and energy consumption will accelerate the industry landscape. Moreover, ongoing implementation of supportive policies & incentives including feed-in tariffs, tax credits, and grants will favor the business scenario.
 

Micro Gas Turbine Industry Leaders

The major players operating in the competitive business landscape includes Capstone Turbine Corporation, Flex Energy Solutions, Ansaldo Energia S.p.A., MTT bv, Aurelia Turbines Oy, Brayton Energy, LLC, Bladon Jets, Elliott Group, Aerostrovilos, TURBOTECH PRECISION ENGINEERING, Erlson Precision Components, TOYOTA MOTOR CORPORATION, Kawasaki Gas Turbine Asia and Destinus Energy.
 

Micro Gas Turbine Industry News

• In May 2022, Capstone Green Energy Corporation has partnered with Cal Microturbine to serve as its authorized distributor in California, Hawaii, Oregon, Washington, and Nevada. Furthermore, Capstone has successfully received orders for six C65 microturbine units to be deployed across various locations in California. These microturbines will be installed in the oil & gas, hospitality, and agriculture sectors. The commissioning of these systems is expected to take place in early 2030.
   
• In February 2022, Ansaldo Energia won a contract for 20 years to construct & maintain gas turbines at the power plant of Cairo, Egypt. The power plant is owned by the local company, Cairo Electricity Production, and comprises combined & open cycle phases. Each of its phases is supplied with four AE 94.2 aeroderivative gas turbines manufactured at the Ansaldo Energia site.
   

This micro gas turbine market research report includes in-depth coverage of the industry with estimates & forecast in terms of “kW” & “USD” from 2019 to 2032, for the following segments:

Click here to Buy Section of this Report

Market, By Capacity

• ≤ 50 kW
• > 50 kW to 250 kW
• > 250 kW to 500 kW
• > 500 kW

Market, By Application

• Power Generation
• Oil & Gas
• Commercial & Industrial CHP
• Renewable
• Hybrid Vehicles
• Marine
• Others

The above information has been provided for the following regions and country:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • France
  • Germany
  • Russia
  • Norway
  • Netherlands
• Asia Pacific
  • China
  • Australia
  • Japan
  • India
  • South Korea
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
• Latin America
  • Brazil
  • Argentina