Albany, NY -- (SBWIRE) -- 09/28/2016 -- A microturbine is a small combustion turbine whose output ranges between 25 kW and 500 kW. It can produce both heat and electricity but on a small scale compared to a normal turbine. The technology is relatively new in the distributed generation industry. Microturbines are primarily used in stationary power generation applications. R&D is going on to accommodate the technology in the transportation industry as well. Trials are being carried out for using microturbines in roadways and marine transportation. However, the widespread adoption of the technology in roadways and marine transportation is expected to happen toward the end of the forecast period.

The global microturbine market to grow at a CAGR of 21.32% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global microturbine market for 2016-2020. To calculate the market size, the report considers the revenue generated by the demand for microturbines for its application by end-users in each region and their corresponding key countries.

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Technavio's report, Global Microturbine Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Ansaldo Energia
- Bladon Jets
- Capstone Turbine
- FlexEnergy

Other prominent vendors
- Micro Turbine Tech BV
- Wilson Solarpower
- MME

Market driver
- Decommissioning of nuclear power plants creating a market opening for microturbines
- For a full, detailed list, view our report

Market challenge
- Competition from renewable energy options and fuel cell technology
- For a full, detailed list, view our report

Market trend
- Mixed impact of government policies and subsidies on microturbine market in the US
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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