Technavio says the Americas to dominate the global microturbine market, thanks to the booming shale gas industry in the US

Renewable energy


Technavio, a tech-focused market research firm, has published a new report on the global microturbine market, which is expected to grow steadily at a CAGR of more than 21% during the forecast period 2016-2020.

This latest report by Technavio covers the market outlook and growth prospects of the global microturbine market for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.

Based on geographical division, Technavio market researchers segment the global microturbine market into the following key regions: the Americas, APAC, and EMEA.

Geographical segmentation of the global microturbine market for 2015 (market share %)







                                                                         Source: Technavio

The Americas: Largest revenue generating region in the microturbine market

In 2015, the microturbine market in the Americas generated revenues worth $192 million and will to retain its dominance in the market during the forecast period. The US, Canada, Peru, Colombia, Mexico, Brazil, Chile, and Ecuador are the key revenue generating countries that contribute to the microturbine market in the Americas.

According to Thanikachalam Chandrasekaran, a lead analyst at Technavio, specializing in research on power, “The US accounts for over 80% of the total market share in the region. The growing push from the government in the form of incentives is the key driving force to the growth of the microturbine market in the country. Another reason for the wide adoption of microturbines in the US is shale gas boom that has increased the availability of gas. Microturbines are being extensively used in the shale oil and gas industry in the US for cogeneration applications.”

In Latin America, microturbines are beginning to tap a huge market share owing to huge demand from industrial and commercial end-users. The market is expected to grow in the area during the forecast period, and support from the respective governments in the form of subsidies and regulations will play a crucial role. Moreover, the deregulation of the energy market in Mexico will also enhance the foothold of microturbines in the country in the coming years.

Microturbine market in EMEA

In 2015, the microturbine market in EMEA generated revenues of more than $126 million and is expected to reach around $315 million by 2020. France, Germany, Italy, Finland, the UK, Hungary, Russia, Libya, Oman, and Belgium are some of the countries that occupy most of the market shares in the region. Within Europe, microturbines are used by industrial, commercial, and residential customers. Russia accounts for more than 50% of the microturbine installations in EMEA. One of the major reasons for the adoption of microturbines in the Russian oil and gas industry is their potential to work on multiple fuels. The Middle East and Africa are upcoming markets for microturbines as most of the countries in these regions are rich in oil and gas. The volume of flared gas in these regions is high, resulting in a tremendous market opportunity for microturbines. Moreover, many African countries do not have a robust grid infrastructure and use generators for power needs, subsequently increasing the growth opportunity for microturbines.

Microturbine market in APAC

In 2015, the microturbine market in APAC was estimated to generate revenues worth $49 million and is predicted to grow at a CAGR of more than 28.26 over the next four years. China, Japan, and Australia are the key countries that have widely implemented microturbines in the region. The oil and gas, manufacturing, and mining industries are the key users of microturbines in the region, while the technology is also finding usage in commercial and residential areas, primarily in CHP and CCHP applications. Southeast Asian countries represent a unique clientele for the microturbine market. Owing to a lacking grid infrastructure, several countries depend upon generators and rental power to fulfill their energy requirements. Such surging needs for power will represent an attractive market for microturbines in APAC as distributed generation in the coming years. During the forecast period, the oil and gas industry in China; manufacturing, commercial, and residential applications in India; and mining, manufacturing, and commercial applications in Australia are expected to account for the majority of demand of microturbines in the region.

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The top leading vendors operating in the global microturbine market are:

  • Ansaldo Energia
  • Bladon Jets
  • Capstone Turbine Corporation
  • FlexEnergy

Other prominent vendors in the market include Micro Turbine Tech BV, Wilson Solarpower, and MME.

A more detailed analysis is available in the Technavio report titled, ‘Global Microturbine Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.

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