Navigation Links
Forecast International: Microturbines Growing in Power and Value
Date:11/20/2019

Defense and aerospace market intelligence firm Forecast International is projecting worldwide production of about 8,500 microturbine electrical power generation units from 2019-2028. The value of this production is $728 million in 2019 dollars. This is a significant increase over 2017's projection of 3,821 units worth $569 million.

Reference to 2017 is important, as that was a pivotal year in the microturbine market. "The increase in unit production is attributable to the new, very small microturbines that are currently coming to market," said Carter Palmer, microturbine analyst for FI.

Microturbines have generally grown in power output over the years, and that generally still holds. When microturbines started to become a significant market factor in 1999, the average unit on sale had a power output of about 35 kW. Ten years later, this had increased to approximately 100 kW and is now approaching 150 kW. "There is no indication that the trend of power increases is slowing," Carter said.

There is also a trend developing in Europe of utilizing turbine technology in very small applications. There was a time when microturbines were too powerful for a private residence, but times are slowly changing. MTT's EnerTwin produces 3.2 kW of electricity and 15.6 kW of thermal power, which puts the machine in a prime position to be utilized in smaller buildings. These new turbines change the forecast dramatically. From 2017's projection to the outlook in the current analysis, unit production sees major growth.

These new small machines (e.g., MTT's and Bladon's products) might change the landscape somewhat, but previous trends still hold true: microturbines are becoming more powerful, more fuel options are becoming available, and Capstone is still the market leader in terms of value. The company is expected to garner $540.7 million in value of production during the forecast period, far more than the other competitors combined.

Today, microturbines are primarily used for remote power applications in the oil and gas (O&G) industry and for cooling, heating, and power (CHP) and combined CHP (CCHP) applications in the commercial, industrial, and residential high-rise markets. The success of Bladon's 12-kW machine would add power in remote locations to the list. An increasing energy demand-supply gap, a rise in the adoption of low-emission power generation sources, and the need to generate power cost-efficiently are among the factors that will hold microturbines' place in the market globally.

About Forecast International
Forecast International, Inc. is a leading provider of Market Intelligence and Consulting in the areas of aerospace, defense, power systems and military electronics. Based in Newtown, Conn., USA, the company specializes in long-range industry forecasts and market assessments used by strategic planners, marketing professionals, military organizations, and governments worldwide. Forecast International also maintains a high posture of situational awareness and geopolitical analysis.

Read the full story at https://www.prweb.com/releases/forecast_international_microturbines_growing_in_power_and_value/prweb16726770.htm.


'/>"/>
Source: PRWeb
Copyright©2019 Vocus, Inc.
All rights reserved


Related biology technology :

1. Carbon Nanotubes (CNT) for Electronics & Electrics 2013-2023: Forecasts, Applications, Technologies
2. Central Nervous System (CNS) Biomarkers Market: 2017 Forecast in New Research Report at ReportsnReports.com
3. Will Safety Concerns Slow Nanotechnology Drug Delivery Market Growth? Forecasts Predict 84.79% Growth in US, 73.97% Globally through 2016
4. China Engineering Plastics Industry will Reach US$5 Million By 2017 - Engineering Plastics Market, Share, Size, Analysis, Market Scale, Competition and Forecast 2013-2017
5. Pre-Clinical Imaging (In vivo) Market - by Systems and Reagents - Competitive Analysis & Global Forecasts to 2017
6. Sterilization Market (Medical Devices, Pharmaceutical, Healthcare, Food Applications), Equipments & Contract Services - Global Forecast To 2017
7. Biotechnology Reagents Market by Technology, Applications and End-Users - Current Trends, Opportunities and Global Forecasts to 2016
8. MediPoint: Diagnostic Cardiac Biomarkers for Acute Coronary Syndromes - APAC Analysis and Market Forecasts
9. Kinase Market Profiling - In House & Outsourced Trends 2015 Forecast in New Research Report at ReportsnReports.com
10. Global Bioabsorbable Stents Market - Market Analysis and Forecasts
11. Closed Drug Transfer Systems: Oncology Therapeutics Market Dynamics and Closed Drug Transfer Design Factors - Market Forecasts to 2017
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/2/2019)... ... October 31, 2019 , ... A clinical ... with each other: study managers, principal investigators, supply chain managers, manufacturers, IRT, CRAs ... not informed of the latest data, potentially leading to patient risk. , By ...
(Date:10/30/2019)... CITY, S.D. (PRWEB) , ... October 30, 2019 , ... ... team of researchers and students at South Dakota School of Mines & Technology ... cancer cells while leaving healthy cells alive. , If successful, the technique would ...
(Date:10/29/2019)... ... October 29, 2019 , ... Modality ... Silver sponsorship and cold chain validation workshop at the Biomanufacturing World Summit (BMWS19) ... Diego, California. , The Biomanufacturing World Summit brings together pharmaceutical executives, ...
(Date:10/22/2019)... ANGELES (PRWEB) , ... October 22, 2019 , ... nQ ... Graziadio Business School’s 2019 Most Fundable Companies List which was announced at a showcase ... than $10 million in annual revenue, strong business plans, and impressive near-term growth projections ...
Breaking Biology Technology:
(Date:11/7/2019)... (PRWEB) , ... November 07, 2019 , ... R3 Stem ... 50% off through the rest of 2019. The code to use during checkout is ... well. , R3 is the nation’s leader in regenerative therapies with over 12,000 successful ...
(Date:11/5/2019)... ... 2019 , ... Dr. Lauren Kopp celebrates one year ... WA, including porcelain veneers , smile makeovers, dental implants, and the Bioclear ... Dr. Kopp is passionate about serving her Seattle community with empathy and precision ...
(Date:10/30/2019)... ... October 30, 2019 , ... PathSensors, ... in Nashville, TN from Tuesday, November 5, 2019, to Thursday, November 7, 2019. ... biological, radiological, nuclear) and IED (explosive) threats. Delegates and experts from over 30 ...
Breaking Biology News(10 mins):