Report ID: UCMIG20E2027
Report ID:
UCMIG20E2027 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2015, the global market size for micro turbines was USD 134.1 million. The increasing preference for power generation sources with lower emissions is expected to drive the global micro turbine market during the forecast period. Micro turbines offer several benefits, including their compact size, ability to run on multiple fuels, fewer moving parts, and higher efficiency, resulting in lower electricity costs. These advantages are expected to increase their demand among various end-use industries.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Heavy Electrical Equipment by segment aggregation, the contribution of the Heavy Electrical Equipment in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG20E2027