DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/vfxj5w/global) has announced the addition of the "Global Microturbine Market 2014-2018 - Market to Grow at a CAGR of 17%" report to their offering.
Ansaldo Energia S.p.A, Bowman Power Group Ltd., Capstone Turbine Corp., Elliott Co. Inc., and FlexEnergy Inc. Dominate the Industry
One of the major trends being witnessed in the Global Microturbine market is the opportunity to sell excess generated power to the main power grid and thereby offset costs. Many industrial and commercial projects use microturbines for their power requirement during the life span of the projects. During this time, the excess power that is generated can be sold to the main grid, enabling these companies to earn sizable revenue. For generating extra power, many vendors are operating microturbines at the highest practical temperature. This will increase the pressure ratio, which results in higher efficiency and specific power. Hence, the opportunity to sell excess power to the grid will propel the growth of the Global Microturbine market over the next few years.
One of the major drivers in this market is the rising global energy demand. The increasing demand for energy across the globe has a positive influence on the demand for microturbines, which is expected to continue during the remaining years of the forecast period.
Further, the report states that one of the major challenges in this market is the difficulty in interconnection with the power grids. During the injection of electricity generated by microturbines into the power grid, the frequency has to be maintained to avoid any complexity. Moreover, any voltage fluctuations or a difference in the configuration of control wires in the microturbines could lead to interconnection issues, which could result in the wastage of the power generated.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
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Source: Research and Markets