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North America Micro Gas Turbine Market Trends

Report ID: GMI9608
Published Date: May 2024
Report Format: PDF

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North America Micro Gas Turbine Market Trends

Increasing demand for distributed energy generation along with flourishing oil & gas sector will positively impact the gas turbine market. Increasing demand for distributed power generation and large scale integration of renewable energy will impact the business outlook. These turbines start up quickly and adjust their load to meet varying demand. This flexibility is valuable in applications where rapid power response is essential. Additionally, rise in the strictness of emission norms will drive the gas turbine market.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of North America micro gas turbine was reached USD 53.3 million in 2023 and is estimated to grow at 8.1% CAGR during 2024 to 2032, driven by the increasing adoption of distributed energy resources.

The > 50 kW to 250 kW capacity segment of the North America micro gas turbine held a decent share in 2023 and will exceed over USD 25 million by 2032, owing to their compact size and high efficiency.

U.S. micro gas turbine market size is set to surpass USD 65 million by 2032, driven by escalating environmental concerns along with strong emphasis on corporate sustainability.

Aurelia Turbines Oy, Bladon Jets, Brayton Energy, LLC, Capstone Turbine Corporation, Destinus Energy, Elliott Group, Erlson Precision Components, and Flex Energy Solutions among others.