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Europe Micro Gas Turbine Market Trends

Report ID: GMI9781
Published Date: Jun 2024
Report Format: PDF

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Europe Micro Gas Turbine Market Trends

The rising demand for micro gas turbines primarily across emerging countries combined with increasing inclination toward cost reduction will drive the product deployment. The growing emphasis on cogeneration and the expanding applications of waste heat recovery will enhance the business potential. The business dynamics will be fueled by the wide scale utilization of these turbines across aerospace and defense applications along with significant advancements in combustion technology. Additionally, the growing demand for reliable and decentralized electricity supply is set to augment the industry landscape.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of Europe micro gas turbine was reached USD 24.7 million in 2023 and is anticipated to register 7.5% CAGR between 2024 to 2032, owing to increasing demand for distributed power generation and large-scale integration of renewable energy.

Europe micro gas turbine industry from the renewable segment will record 8% CAGR through 2032, due to the rising demand for long-range electric vehicles and increasing infrastructure investments.

U.K. micro gas turbine industry size may reach USD 5 million by 2032, driven by the shift to cleaner energy, strict emission norms, demand for distributed power, and supportive government policies.

Aerostrovilos, Ansaldo Energia S.p.A., Aurelia Turbines Oy, Bladon Jets, Bowman Power Group, Brayton Energy, LLC, Capstone Turbine Corporation, Destinus Energy, and Elliott Group, among others