Microturbine Systems Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2013 - 2019
74 Page Report
Global Microturbine Systems Market is Expected to Reach USD
440.8 million in 2019: Transparency Market Research
Transparency Market Research
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Microturbine Systems Market
According to a new market report published by Transparency Market Research, Global
microturbine systems market was valued at USD 144.4 million in 2012, growing at a CAGR of
16.7% from 2013 to 2019. Annual installation was 123.2 MW in 2012 and is expected to reach
447.4 MW in 2019, growing at a CAGR of 19.8% from 2013 to 2019.
Rising global energy demand with increasing grid instability is expected to bolster microturbine
systems market growth over the next five to six years. Impending stringent environmental
regulations to curb down harmful emissions accompanied by increased awareness about clean
and green energy generation are further fuelling the product demand. Increasing electricity
consumption in off grid areas is likely to create new opportunities for the market, as these
systems can be installed at a number of remote locations owing to its compact size and
reliability. Inception of supercritical CO2 (Organic Rankine Cycle) with 16% more efficiency than
conventional microturbine systems is probable to lay down new opportunities for the market.
Browse the full report of Microturbine Systems Market with complete TOC at
Major end use segments analyzed in this report include residential, commercial and industrial
microturbine market. Low power rating requirements (30 KW to 200 KW) of commercial...