Microturbines

Global Market Analysis and Forecasts for Residential, Commercial,
and Industrial Applications

Still an emerging and relatively expensive technology, microturbines are among a diverse class of distributed generation (DG) technologies benefitting from an accelerating shift from centralized generation. Today, microturbines are primarily used for remote power applications in the oil & gas (O&G) industry and combined heat and power (CHP) or combined cooling, heating, and power (CCHP) applications in the commercial, industrial, and residential high-rise markets. The expansion of shale O&G production across North America and other high potential regions like Latin America, Asia Pacific, and Africa increases the addressable market for the technology. Moreover, compatibility with a wide range of opportunity fuels makes microturbines an attractive solution in CHP configurations where grid electricity costs remain high.

Although the global microturbine market has experienced steady historical revenue growth over the past 5 years, reduced O&G development activity in the past year has led to reduced sales for leading manufacturers. The market is expected to bounce back as shale O&G development continues apace, with revenue from annual microturbine installations expected to surpass
$1 billion by 2020. North America and Asia Pacific are anticipated to account for the majority of cumulative revenue generated from global microturbine installments between 2015 and 2024. According to Navigant Research, more than 4.0 GW of microturbine capacity is projected to be installed globally on a cumulative basis through 2024.

This Navigant Research report provides an analytical overview of the global microturbine market. The study includes assessments of microturbine applications, market segments, and economics. Global market forecasts for capacity and revenue, segmented by region and size range, extend through 2024. The report also examines the key technologies, components, and fuels related to microturbines and provides profiles of the primary microturbine manufacturers with commercially available products.

Key Questions Addressed:
  • What is the current addressable market for microturbines?
  • Which regions show the greatest opportunity for microturbine adoption?
  • What are the key drivers and barriers affecting the adoption of microturbines?
  • What is the estimated cost of microturbine solutions and how do they compare to other distributed generation (DG) technology solutions?
  • What impact will changes in the prices of fuels such as natural gas and oil have on microturbine adoption?
  • Who are the key manufacturers in the microturbine market?
Who needs this report?
  • Microturbine OEMs
  • Microturbine technology distributors
  • Upstream oil & gas production companies
  • Microgrid developers
  • Utilities
  • Government agencies
  • Policymakers
  • Investor community

Table of Contents

1. Executive Summary                

1.1  Overview

1.2  Demand Drivers and Barriers

1.3  Market Forecasts

2. Market Issues        

2.1  Market Definition

2.2  Historical Market Size

2.3  Microturbine Applications

2.3.1  Peak Shaving

2.3.2  Backup Power

2.3.3  Microgrid

2.3.4  CHP

2.4  Market Segments

2.4.1  O&G

   2.4.1.1  Market Drivers and Barriers

2.4.2  Commercial and Industrial

   2.4.2.1  Market Drivers and Barriers

2.4.3  Residential

2.4.4  Waste Gas

2.4.5  Vehicles

2.5  Current Status of the Microturbine Market

2.5.1  Microturbines versus Reciprocating Engines

2.5.2  Regulatory and Policy Drivers

   2.5.2.1  Microturbine Policies

   2.5.2.2  CHP Policies

      2.5.2.2.1.   United States

      2.5.2.2.2.   Germany

      2.5.2.2.3.   Russia

      2.5.2.2.4.   China

2.6  Microturbine Economics

2.6.1  Installed Costs

2.6.2  Maintenance

2.6.3  Payback Period

2.6.4  Financing Options

2.7  NG Pricing

3. Technology Issues  

3.1  Microturbine Technology Introduction

3.2  Microturbine Components

3.2.1  Compressor

3.2.2  Recuperator

3.2.3  Turbine (Generator)

3.2.4  Power Conversion

3.2.5  Heat Recovery (CHP Applications)

3.3  Microturbine Fuels

3.4  Microturbine Efficiency

3.4.1  Electrical Efficiency

3.4.2  CHP Efficiency

3.5  Technology Development

3.5.1  Capstone’s C370 Microturbine

3.5.2  MTT’s Residential Micro-CHP System

4. Key Industry Players     

4.1  Major Market Participants

4.1.1  Capstone Turbine Corp.

4.1.2  FlexEnergy

4.1.3  Ansaldo Energia (Turbec S.p.A.)

4.1.4   OPRA Turbines

4.1.5  ICRTec

5. Market Forecasts    

5.1  Overview

5.2  Key Flex Points

5.3  Microturbine Installation Forecast

5.3.1  Forecasts by Region

   5.3.1.1  North America

   5.3.1.2  Western Europe

   5.3.1.3  Eastern Europe

   5.3.1.4  Asia Pacific

   5.3.1.5  Latin America

   5.3.1.6  Middle East & Africa

5.3.2  Forecasts by Size Range

5.4  Microturbine Revenue Forecast

5.4.1  Forecast by Region

5.4.2  Forecast by Size Range

5.5  Conclusions and Recommendations

6. Company Directory
7. Acronym and Abbreviation List
8. Table of Contents
9. Table of Charts and Figures
10. Scope of Study, Sources and Methodology, Notes

List of Charts and Figures

  • Annual Microturbine Revenue by Region, World Markets: 2015-2024
  • Capstone Annual Sold Capacity and Revenue, World Markets: 2007-2014
  • Commercial CHP Installed Capacity by Region, World Markets: 2015-2024
  • Spot Price of Natural Gas by Market, World Markets: 2001-2014
  • Annual Microturbine Installed Capacity by Region, World Markets: 2015-2024
  • Annual Microturbine Installed Capacity by Size Range, World Markets: 2015-2024
  • Market Share of Cumulative Microturbine Revenue by Region, World Markets: 2024
  • Annual Microturbine Revenue by Size Range, World Markets: 2015-2024
  • Market Share of Cumulative Microturbine Revenue by Size Range, World Markets: 2024
  • Functional Components of the Capstone Microturbine
  • Conceptual Diagram of Capstone’s C370 Design

List of Tables     

  • Annual Microturbine Revenue by Region, World Markets: 2015-2024
  • Capstone Sales Volume in Units by Model, World Markets: 2010-2014
  • Capstone Sales Volume in Capacity by Model, World Markets: 2010-2014
  • Capstone Sales Volume in Revenue by Model, World Markets: 2010-2014
  • Microturbine Costs
  • Capstone Annual Sold Capacity and Revenue, World Markets: 2007-2014
  • Commercial CHP Installed Capacity by Region, World Markets: 2015-2024
  • Spot Price of Natural Gas by Market, World Markets: 2001-2014
  • Electrical and CHP Efficiencies of Several CHP Systems
  • Annual Microturbine Installed Capacity by Region, World Markets: 2015-2024
  • Annual Microturbine Revenue by Region, World Markets: 2015-2024
  • Annual Microturbine Installed Capacity by Size Range, World Markets: 2015-2024
  • Annual Microturbine Revenue by Size Range, World Markets: 2015-2024

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