Micro Turbines Market Size, Share, and Trends 2025 to 2034

The global micro turbines market size is calculated at USD 87.33 million in 2025 and expected to reach around USD 199.27 million by 2034, expanding at a CAGR of 9.6% from 2025 to 2034.The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : June 2025
  • Report Code : 1676
  • Category : Machinery and Equipment

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Micro Turbines Market 

5.1. COVID-19 Landscape: Micro Turbines Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Micro Turbines Market, By Power Rating

8.1. Micro Turbines Market, by Power Rating Type

8.1.1. 12 kW – 50 kW

8.1.1.1. Market Revenue and Forecast

8.1.2. 50 kW – 250 kW

8.1.2.1. Market Revenue and Forecast

8.1.3. 250 kW – 500 kW

8.1.3.1. Market Revenue and Forecast

Chapter 9. Global Micro Turbines Market, By Application

9.1. Micro Turbines Market, by Application

9.1.1. Combined Heat & Power (CHP)

9.1.1.1. Market Revenue and Forecast

9.1.2. Standby Power

9.1.2.1. Market Revenue and Forecast

Chapter 10. Global Micro Turbines Market, By End Use 

10.1. Micro Turbines Market, by End Use, 2024-2034

10.1.1. Industrial

10.1.1.1. Market Revenue and Forecast

10.1.2. Commercial

10.1.2.1. Market Revenue and Forecast

10.1.3. Residential

10.1.3.1. Market Revenue and Forecast

Chapter 11. Global Micro Turbines Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Power Rating

11.1.2. Market Revenue and Forecast, by Application

11.1.3. Market Revenue and Forecast, by End Use

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Power Rating

11.1.4.2. Market Revenue and Forecast, by Application

11.1.4.3. Market Revenue and Forecast, by End Use

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Power Rating

11.1.5.2. Market Revenue and Forecast, by Application

11.1.5.3. Market Revenue and Forecast, by End Use

11.2. Europe

11.2.1. Market Revenue and Forecast, by Power Rating

11.2.2. Market Revenue and Forecast, by Application

11.2.3. Market Revenue and Forecast, by End Use

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Power Rating

11.2.4.2. Market Revenue and Forecast, by Application

11.2.4.3. Market Revenue and Forecast, by End Use

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Power Rating

11.2.5.2. Market Revenue and Forecast, by Application

11.2.5.3. Market Revenue and Forecast, by End Use

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Power Rating

11.2.6.2. Market Revenue and Forecast, by Application

11.2.6.3. Market Revenue and Forecast, by End Use

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Power Rating

11.2.7.2. Market Revenue and Forecast, by Application

11.2.7.3. Market Revenue and Forecast, by End Use

11.3. APAC

11.3.1. Market Revenue and Forecast, by Power Rating

11.3.2. Market Revenue and Forecast, by Application

11.3.3. Market Revenue and Forecast, by End Use

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Power Rating

11.3.4.2. Market Revenue and Forecast, by Application

11.3.4.3. Market Revenue and Forecast, by End Use

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Power Rating

11.3.5.2. Market Revenue and Forecast, by Application

11.3.5.3. Market Revenue and Forecast, by End Use

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Power Rating

11.3.6.2. Market Revenue and Forecast, by Application

11.3.6.3. Market Revenue and Forecast, by End Use

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Power Rating

11.3.7.2. Market Revenue and Forecast, by Application

11.3.7.3. Market Revenue and Forecast, by End Use

11.4. MEA

11.4.1. Market Revenue and Forecast, by Power Rating

11.4.2. Market Revenue and Forecast, by Application

11.4.3. Market Revenue and Forecast, by End Use

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Power Rating

11.4.4.2. Market Revenue and Forecast, by Application

11.4.4.3. Market Revenue and Forecast, by End Use

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Power Rating

11.4.5.2. Market Revenue and Forecast, by Application

11.4.5.3. Market Revenue and Forecast, by End Use

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Power Rating

11.4.6.2. Market Revenue and Forecast, by Application

11.4.6.3. Market Revenue and Forecast, by End Use

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Power Rating

11.4.7.2. Market Revenue and Forecast, by Application

11.4.7.3. Market Revenue and Forecast, by End Use

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Power Rating

11.5.2. Market Revenue and Forecast, by Application

11.5.3. Market Revenue and Forecast, by End Use

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Power Rating

11.5.4.2. Market Revenue and Forecast, by Application

11.5.4.3. Market Revenue and Forecast, by End Use

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Power Rating

11.5.5.2. Market Revenue and Forecast, by Application

11.5.5.3. Market Revenue and Forecast, by End Use

Chapter 12. Company Profiles

12.1. Capstone Turbine Corporation

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. FlexEnergy Inc.

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Ansaldo Energia S.p.A.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Brayton Energy LLC

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Eneftech Innovation SA

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Microturbine Technology BV

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Wilson Solarpower Corporation

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. ICR Turbine Engine Corporation

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Toyota Motor Corporation

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Calentix Technologies LLC

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global micro turbines market size was reached at USD 79.68 million in 2024 and is projected to rake USD 199.27 million by 2034.

The global micro turbines market is expected to grow at a CAGR of 9.6% over the forecast period 2025 to 2034

The major players operating in the micro turbines market are Capstone Turbine Corporation, FlexEnergy Inc., Ansaldo Energia S.p.A., Brayton Energy LLC, Eneftech Innovation SA, Microturbine Technology BV, Wilson Solarpower Corporation, ICR Turbine Engine Corporation, Toyota Motor Corporation, and Calentix Technologies LLC.

The growing demand and need for electricity all over the world is one of the major reasons propelling the global miniature turbines market forward. Due to the rapid rise of the world's population, the need for power is increasing.

North America dominated the global micro turbines market in 2024 and will led in the near future.

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