Global Micro Turbines Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028

Stratistics MRC's Global Micro Turbines Market value is expected to reach $481 million growing at a CAGR of 11.46% during 2022-2028.

A micro turbine is a compact combustion turbine that powers an electric generator by burning liquid or gaseous fuels. It burns natural gas, thermal plant waste heat, and fossil fuels including kerosene, diesel, and heating oil. It has a compressors, combustor, alternator, turbine, generator, and recuperator and is generally used to generate modest amounts of electricity. In order to increase the generator's electrical efficiency, it works by collecting exhaust energy and warming compressed input air. Micro turbines are smaller, lighter, more affordable, and have less moving parts, pollutants, and fuel waste than conventional substitutes.
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North America is projected to have the highest CAGR over the forecast period. The largest market share belonged to the United States, while Canada will have the fastest increase. The decommissioning of nuclear reactors due to the age of the power facilities and the frequent natural disasters in this area would increase the need for micro turbines in this area. The region's micro turbines market has a tonne of room to develop because to the construction of power facilities and the frequent incidence of natural disasters.
Some of the key players profiled in the Micro Turbines Market include Northeast Asia Mineral Resources, Toyota Turbine and Systems, FlexEnergy, 247Solar, ICR Turbine Engine Corporation, Calnetix Technologies LLC, Eneftech Innovation SA, Brayton Energy LLC, Microturbine Technology BV, Bladon Jets, Wilson Solarpower Corporation, Turbotech Precision Engineering Pvt. Ltd. and Capstone Turbine.
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