PUBLISHER: Market Research Future | PRODUCT CODE: 1596030
PUBLISHER: Market Research Future | PRODUCT CODE: 1596030
Global Micro Gas Turbine for Aeroderivative and Energy Market Research Report Information By Technology (Non-Recuperated, Recuperated), By Capacity (25kW to 100kW, 100kW to 300kW, 300kW to 500kW) By Force (400N - 700N, 700N - 1000N, 1500N - 2000N) By Fuel Type (Natural Gas, Methane, Hydrogen, Biogas, SAF, Others), End User (Power Generation, Combined Heat and Power (CHP), Combined Cooling, Heating, and Power (CCHP), Waste Heat Recovery, Oil and Gas Industry, Electric Vehicle (EV) Charging, Emergency Backup, Aviation {eVTOL, Commercial Drones, Defense, Other Aviation}, Others ) and By Region - Forecast to 2034
In 2023, the market size for micro gas turbines for energy and aeroderivatives was estimated to be USD 125,453.7 thousand. The Micro Gas Turbine for Aeroderivative and Energy Market is expected to expand at a compound annual growth rate (CAGR) of 8.11% from USD 138,162.2 Thousand in 2024 to USD 301,460.2 Thousand by 2034.
Compact, high-speed turbines with a typical output of a few kilowatts to several hundred kilowatts, micro gas turbines (MGTs) are used to produce electricity and occasionally heat. A compressor, combustor, turbine, and generator make up these turbines. After being compressed to high pressure by the compressor, the entering air is combined with fuel and ignited in the combustor to create high-temperature, high-pressure gas. The turbine is powered by this gas, which also powers the compressor and the generator, which produces energy. MGTs are prized for their compact size, low emissions, and versatility in operating on a range of fuels, including liquid fuels, biogas, and natural gas. They are frequently employed as backup power sources, in combined heat and power (CHP) systems, and in decentralized power generation.
Perspectives on Market Segments
The market for micro gas turbines for aeroderivatives and energy has been divided into two segments based on technology: non-recuperated and recuperated.
The market has been divided into three segments based on capacity: 25 kW to 100 kW, 100 kW to 300 kW, and 300 kW to 500 kW.
The Market has been divided into three categories based on the Force: 400N to 700N, 700N to 1000N, and 1500N to 2000N.
Natural gas, methane, hydrogen, biogas, SAF, and other fuel types are the categories into which the Micro Gas Turbine for Aeroderivative and Energy Market has been divided.
Power Generation, Combined Heat and Power (CHP), Combined Cooling, Heating, and Power (CCHP), Waste Heat Recovery, Oil and Gas Industry, Electric Vehicle (EV) Charging, Emergency Backup Aviation, and Other End-Use are the segments of the market that have been separated based on the end use.
Regional Perspectives
North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America make up the regions that make up the Micro Gas Turbine for Aeroderivative and Energy market. In addition to holding the largest market share, the North American Micro Gas Turbine for Aeroderivative and Energy market is anticipated to generate a sizable revenue share over the course of the forecast period. Thanks to advantageous regulations and important market factors, the aeroderivative and energy sectors of the North American micro gas turbine market-which includes the United States, Canada, and Mexico-are expanding rapidly.
The market for micro gas turbines for energy and aeroderivatives is very competitive, with numerous companies vying for market share. A sizeable portion of the Micro Gas Turbine for Aeroderivative and Energy Market is held by the top 10 businesses in the industry. Companies are continuously inventing and increasing their product offerings, creating a dynamic competitive landscape in the micro gas turbine market for aeroderivatives and energy.
Capstone Green Energy, GE (General Electric), Rolls-Royce Holdings plc, Safran, Ansaldo Energia S.p.A., Bladon Micro Turbine, UAV Turbines, Aurelia Turbines, Solar Turbines, and Others are important players in the Micro Gas Turbine for Aeroderivative and Energy Market.