Market Overview
The Micro Gas Turbine for Aeroderivative and Energy Market Size was estimated at USD 125,453.7 Thousand in 2023. The Micro Gas Turbine for Aeroderivative and Energy Market is expected to increase from USD 138,162.2 Thousand in 2024 to USD 301,460.2 Thousand by 2034, with a compound yearly growth rate (CAGR) of 8.11% throughout the forecast period.

Micro gas turbines (MGTs) are small, high-speed turbines that generate electricity and sometimes heat, with outputs ranging from a few kilowatts to several hundred kilowatts. These turbines include a compressor, combustor, turbine, and generator. The compressor compresses entering air to a high pressure, which is then combined with fuel and ignited in the combustor to produce high-temperature, high-pressure gases. This gas drives the turbine, which operates the compressor and provides electricity via the generator. MGTs are prized for their small size, low emissions, and ability to run on a variety of fuels, including natural gas, biogas, and liquid fuels. They are frequently used in decentralized power generation, combined heat and power (CHP) systems, and backup power supplies.

Market Segment insights

  • The Micro Gas Turbine for Aeroderivative and Energy Market is split based on technology, with Non-Recuperated and Recuperated.
  • The market has been categorized based on capacity into three categories: 25kW to 100kW, 100kW to 300kW, and 300kW to 500kW.
  • The Market has been grouped into three categories based on force: 400N - 700N, 700N - 1000N, and 1500N - 2000N.
  • The Micro Gas Turbine for Aeroderivative and Energy Market is segmented by fuel type: natural gas, methane, hydrogen, biogas, SAF, and others.
  • The Market is segmented by End Use into Power Generation, Combined Heat and Power (CHP), Combined Cooling, Heating, and Power (CCHP), Waste Heat Recovery, Oil and Gas Industry, Electric Vehicle (EV) Charging, Emergency Backup Aviation, and Other End Uses.

Regional insights
The Micro Gas Turbine for Aeroderivative and Energy market is divided into five regions: North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America. The North American Micro Gas Turbine for Aeroderivative and Energy market has the largest market share and is predicted to account for a sizable revenue share throughout the forecast period. The North American market for micro gas turbines, which includes the United States, Canada, and Mexico, is experiencing strong expansion in the aeroderivative and energy sectors, owing to favorable regulations and market factors.

The Micro Gas Turbine for Aeroderivative and Energy Market is characterized by a high level of rivalry, with numerous competitors vying for market share. The top ten firms in the market account for a sizable portion of the Micro Gas Turbine for Aeroderivative and Energy Market. The competitive landscape of Micro Gas Turbine for Aeroderivative and Energy Market is constantly changing, with businesses developing and extending their product offerings.

Major Players
Capstone Green Energy, GE (General Electric), Rolls-Royce Holdings plc, Safran, Ansaldo Energia S.p.A, Bladon Micro Turbine, UAV Turbines, Aurelia Turbines, Solar Turbines, and others are among the key players in the Micro Gas Turbine for Aeroderivative and Energy Market.