Industry Background:
Microturbines are small size combustion turbines almost the size of a refrigerator with outputs of 25kW to 500kW. They have emerged from automotive components, truck turbochargers, auxiliary power units (APUs) for airplanes, jet engines, etc. The microturbines consist of a compressor, combustor, turbine, alternator, recuperator, and generator. The single shaft or two shafts, simple cycle or recuperated, inter-cooled and reheat are some parts of the components. These machines usually rotate over 40,000 rpm, the microturbines are operated with a wide range of gases and liquid fuels out of which natural gas is most commonly used in turbines.
This growth is primarily driven by Increasing demand for electricity and other energy sources is driving the microturbine market, it is widely used greenhouses, apartment buildings, retail stores where heat and electricity are used in large volume. The microturbines provide efficiency and optimum utilization of resources without wasting the left out fuel..
Globally, a noticeable market trend is evident The Advent of Hybrid Electric Microturbines for Drones
. Major Manufacturers, such as Capstone Turbine Corporation (United States), Flex Energy Solutions (United States), Ansaldo Energia S.p.A. (Italy), Micro Turbine Technology B.V. (Netherlands), Calnetix Technologies, LLC. (United States), Bladon Jets (United Kingdom) and UAV Turbines, Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 10th December 2019, UAV Turbines, Inc launched the demonstrator hybrid electric microturbine to be used in unmanned air vehicles (UAVs) to harness the efficiency and speed of an electric motor. Previously the Monarch Hybrid Range Extender demonstrator was unveiled in September to be used in UAVs which was the miniature version of the propulsion system found in the aircraft.
Market Drivers
- Increasing demand for electricity and other energy sources is driving the microturbine market, it is widely used greenhouses, apartment buildings, retail stores where heat and electricity are used in large volume. The microturbines provide efficiency and optimum utilization of resources without wasting the left out fuel.
Market Trend
- The Advent of Hybrid Electric Microturbines for Drones
- Technological Advancements in Microturbines Technology
Restraints
- Stringent Regulatory Guidelines Associated with Microturbines
- Adverse Environmental Effects
Opportunities
Investments in Industrial Energy Infrastructure and Growth in the Commercial UAV Market will Boost the Microturbine Market
Challenges
Intense Competition Due to Various Players in the Market
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Microturbines Study Sheds Light on
The Microturbines Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Microturbines industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Microturbines industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.