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North America Micro Gas Turbine Market Size
- Report ID: GMI9608
- Published Date: May 2024
- Report Format: PDF
North America Micro Gas Turbine Market Size
North America Micro Gas Turbine Market was valued at USD 53.3 million in 2023 and is estimated to grow at a CAGR of over 8.1% from 2024 to 2032. The increasing adoption of distributed energy resources and the growing need for on-site power generation in various industries contribute to the product demand.
A micro gas turbine is a compact and lightweight gas turbine engine that generates power through the combustion. It is a type of combustion-based power generation system that operates on the Brayton thermodynamic cycle. Micro gas turbines are characterized by their small size and high power-to-weight ratio, making them suitable for a wide range of applications. They typically produce electrical power through the rotation of a turbine driven by the expansion of hot exhaust gases created during the combustion process.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| North America Micro Gas Turbine Market Size in 2023: | USD 53.3 Million |
| Forecast Period: | 2024 - 2032 |
| 2032 Value Projection: | USD 107.2 Million |
| Historical Data for: | 2021 – 2023 |
| No. of Pages: | 100 |
| Tables, Charts & Figures: | 8 |
| Segments covered: | Capacity, Application & Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
North America Micro Gas Turbine Market Scope
