Home > Energy & Power > Electrical Equipment > Turbines > Europe Micro Gas Turbine Market
Europe Micro Gas Turbine Market Size
- Report ID: GMI9781
- Published Date: Jun 2024
- Report Format: PDF
Europe Micro Gas Turbine Market Size
Europe Micro Gas Turbine Market was valued at USD 24.7 million in 2023 and is estimated to grow at a CAGR of 7.5% during 2024 to 2032. The continued remote operations in the oil & gas industry especially for offshore platforms and well sites will significantly drive the business growth.
A micro gas turbine is a compacted power generation device that converts fuel into mechanical energy by burning gaseous fuel. Its operation involves compressing incoming air, blending it with fuel, and igniting the mixture to generate high-temperature exhaust gases. These gases then expand through a turbine, which drives a generator to produce electricity. These gas turbines are lightweight and versatile, making them ideal for applications including combined heat & power systems and distributed energy generation.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Europe Micro Gas Turbine Market Size in 2023: | USD 24.7 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 7.5% |
| 2032 Value Projection: | USD 47.4 Million |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 100 |
| Tables, Charts & Figures: | 10 |
| Segments covered: | Capacity, Application & Country |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Europe Micro Gas Turbine Market Scope
