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Micro Gas Turbine Market Size

Report ID: GMI6150
Published Date: Dec 2024
Report Format: PDF

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Micro Gas Turbine Market Size

The global micro gas turbine market was valued at USD 115.3 million in 2024 and is estimated to grow at a CAGR of 7.2% from 2025 to 2034, driven by the ongoing remote oil & gas operations, particularly on offshore platforms and well sites. Additionally, expanding applications in the aerospace & defense sectors coupled with notable advancements in combustion technology are set to enhance business dynamics. Furthermore, the rising need for reliable and decentralized power supply continues to boost demand for these systems.

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A micro gas turbine is a compact power generation device that converts fuel into mechanical energy through the combustion of gaseous fuel. Its operation involves compressing incoming air, blending it with fuel, and igniting the mixture to create high-temperature exhaust gases. These gases then expand through a turbine, which drives a generator to produce electricity. Micro gas turbines are lightweight and versatile, making them ideal for applications comprising of combined heat and power (CHP) systems and distributed energy generation.

Micro Gas Turbine Market Report Attributes
Report Attribute	Details
Base Year:	2024
Micro Gas Turbine Market Size in 2024:	USD 115.3 Million
Forecast Period:	2025 to 2034
Forecast Period 2025 to 2034 CAGR:	7.2%
2034 Value Projection:	USD 231.5 Million
Historical Data for:	2021 to 2024
No. of Pages:	225
Tables, Charts & Figures:	59
Segments covered:	Capacity, Application and Region
Growth Drivers:	Increasing demand for distributed power generation Large scale integration of renewable energy Growing demand for clean & low-emission power solutions Flourishing oil & gas sector
Pitfalls & Challenges:	High initial cost

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Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The global market for micro gas turbine was reached USD 115.3 million in 2024 and is estimated to grow at a CAGR of 7.2% from 2025 to 2034, driven by ongoing remote oil & gas operations.

The market for micro gas turbines rated between 50 kW to 250 kW is expected to exceed USD 85 million by 2034, led by their adoption in district heating systems and emphasis on energy efficiency.

The hybrid vehicles application of the micro gas turbine market is anticipated to grow at a CAGR of over 7.5% through 2034, propelled by the demand for long-range electric vehicles and energy-efficient transportation solutions.

The U.S. micro gas turbine market is set to surpass USD 75 million by 2034, due to their deployment in remote oil & gas operations and the need for independent power generation in remote locations.

Major players in the micro gas turbine industry include Aerostrovilos, Ansaldo Energia, Aurelia Turbines, Bladon Jets, Brayton Energy, Capstone Turbine Corporation, Destinus Energy, Erlson Precision Components, Flex Energy Solutions, Kawasaki Gas Turbine, MTT, Solar Turbines, Toyota Motor Corporation, and Turbotech Precision Engineering.