Increasing preferences for clean energy generation sources is stimulating the growth of the microturbines systems market

 

Microturbine Systems Market

Microturbines system are turbine blades that have an acoustic modeling component. It is generally an air compressor or engine designed for use in small-scale turbine applications. The size of the turbine blades is in turn dependent upon the requirements of the application and the turbine's performance characteristics. The basic function of microturbines is to provide electrical energy to an application without the need for modifications and the reduction of cost.

Growing preferences for lower emission power generation sources are driving the growth of the microturbine systems market. They provide significant advantages such as the ability to run on multiple fuels, compact size, and higher efficiency which automatically reduce the electricity costs. This factor is driving the demand from a wide range of industries. The rise in shale gas exploration coupled with the increasing implementation of strict government regulations is also expected to augment the growth of the microturbines systems market.

On the other hand, fluctuating prices of oil are projected to hinder the growth of the microturbine systems market.

North America is projected to gain significant growth over the forecast period and this is attributed to the rise in shale gas exploration in the region. According to the U.S. Energy Information Administration, the U.S. natural gas production in 2019 was about 34 trillion cubic feet (Tcf), the highest annual amount recorded.  In 2019, U.S. dry natural gas production was about 9% greater than U.S. total natural gas consumption. Moreover, high demand for the product from end-user industries such as wastewater treatment, construction, mining, and pharmaceutical industries in the US is further anticipated to augment the growth of the microturbines market

Key Developments:

1.      In April 2017, Capstone Turbine Corp. has expanded its Signature Series line of microturbines with the launch of the Capstone C200S microturbine. The 200 kW C200S microturbine incorporates numerous system and design upgrades intended to improve overall product quality, reliability, and performance

2.      In February 2020, Toshiba Electronic Devices & Storage Corporation ("Toshiba") has launched “TC78H670FTG,” the latest addition to its line-up of micro-stepping motor driver ICs. The new IC has a maximum rating of 18V/2.0A and can drive motors with a wide range of operating voltages

3.      In April 2019, SSE Enterprise launches a clean power solution with microturbines. It utilizes the latest gas microturbine technology from California, is being launched by SSE Enterprise and Pure World Energy.


Location: India

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