DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/twsp6q/microturbine) has announced the addition of the "Microturbine Systems Market - Global Industry Analysis, Size, Share, Growth, Trends & Forecast, 2013 - 2019" report to their offering.
Microturbines market was dominated by industrial end use segment in 2012. The commercial sector is flooded with supermarkets, malls, offices, hotels and hospitals. The energy requirement under commercial sector (30 KW to 200 KW) matches the output efficiency of the microturbine which leads to propelled growth rate of the commercial end use segment. Microturbine usually forms the secondary energy resource for the industrial end use segment while in off grid areas it is one of the primary energy sources. The residential end use segment has several other cost efficient alternative energy options, due to which it is comparatively less attractive market for microturbine systems.
The microturbine market is consolidated with few large players. Capstone Turbine Corporation dominated the microturbine systems market in 2012 accounting for 78.3% market share. It primarily focused on expanding its business overseas by forming strategic alliances with local and key players in several other regions. Capstone acquired several medium and large players in the industry with an objective to maximize its customer base. Some of the other key players in the market include FlexEnergy, Global Microturbine LLC, Turbec, and Elliot Company Inc. The monopolistic nature of microturbine's market acts as a major barrier to the new entrants.
Key Topics Covered
- Capstone Turbine Corporation
- Elliot Company
- Global Microturbine
- Ingersoll-Rand Company
- Micro Turbine Technology
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Source: Research and Markets