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Global Micro Turbine Market Research Report – Forecast to 2030Report / Search Code: MRFR/E&P/2767-HCR Publish Date: February, 2021

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Description: Micro Turbine Market Overview

Micro turbine market is expected to grow at a higher CAGR of 10% to account for a higher marketvalue during the estimated period in the global market.

With the increasing demand for aging grid infrastructure, clean and green energy, and easy availabilityof fuel, a distributed source of energy generation used is micro turbines. Due to growing environmentalconcerns of global warming, various agreement related for the same issue has been made which drivesthe growth of micro turbine market in the global market as all the other source of energy emits highlypoisonous gasses which leads to global warming.

COVID 19 Analysis

With the growing outbreak of the global pandemic of COVID 19 businesses have suffered huge losseswhich have pushed the economies towards forced recession. The growing wave of the global pandemichas suffocated the individual to fight between the financial crises along with health concerns. Thesituation of lockdown has resulted in shut down of most of the manufacturing units which leads to asteep downfall in the sales revenue of the micro turbine industry all across the globe.

However, it is expected that the micro turbine market will recover from this global pandemic of COVID19 by strategizing properly to meet the requirements of their customers. Also, it is expected to recoverat the end of the second quarter in the coming year.

Competitive Landscape

The most prominent major key players in the micro turbine market in the global market are mentionedbelow:

Capstone Turbine Corporation (US)

FlexEnergy, Inc. (US)

Ansaldo Energia S.p.A. (Italy)

Brayton Energy, LLC. (US)

Eneftech Innovation SA (Switzerland)

Microturbine technology BV (the Netherlands)

Wilson Solarpower Corporation (US)

ICR Turbine Engine Corporation (US)

Calnetix Technologies LLC. (US)

Toyota Motor Corporation (Japan)

Bladon Jets (Isle of Man)

These major key players use various strategies to sustain their market position in the micro turbinemarket in the global market by collaborating, by going for mergers, and acquisitions, setting up a newjoint venture, establishing a partnership, developing a new production process, innovation in theexisting product, developing a new product line, and many others to expand their customer base in theuntapped market of the micro turbine all across the globe.

Market Segmentation

Market Dynamics

Drivers

The demand for the micro turbine market is increasing rapidly in the global market owing to theincreasing demand for clean energy. Various agreements related to climate change like United NationsFramework Convention on Climate Change (1992) and Kyoto Protocol (1997) has been made to reduceglobal warming which restricts the use of fuels that emit harmful gasses and hence there is an urgentneed for a clean energy source to cater to the increasing need for environmental-friendly energy whichleads to increase in demand for the market.

Opportunities

The demand for the micro turbine market is increasing constantly in the global market. Earlier nuclearpower plants were considered affordable, clean, and reliable sources of energy but after the Fukushimanuclear accident, this perception is changing. Also, the overhead cost of nuclear power is high owing towhich 2 nuclear plans have been stopped. As there is no other alternative present, it providesenormous growth opportunities for the market during the estimated period in the global market.

Restraints

The demand for the micro turbine market is increasing tremendously in the global market but somefactors restrict its growth. The falling prices of substitutes of micro turbines that are crude oil and gashamper the growth of the market in the global market as the use of crude oil will become cheaper andlead to higher profits as compared to the use of micro turbine industry. Moreover, the calorific value ofcrude oil is higher than the micro turbine and hence crude oil produces more energy than the microturbine.

Value Chain Analysis

The demand for the micro turbine market is increasing at an incredible rate owing to various benefitsassociated with the market which adds value to society. Higher efficiency, lightweight, and compactsize power generation are possible with the use of the micro turbine market. The demand for microturbine power generation is increasing in the various end-use industries as it provides lower costbenefits.

Market Segmentation

The market in the global market has been divided based on the power rating, application, end-users,and region.

Based on the Power Rating

The market in the global market has been divided based on the power rating into 12KW – 50KW, 50KW– 250KW, and 250KW – 5500KW.

Based on the Application

The market in the global market has been divided based on the application into standby powerapplication, peak shaving application, power quality, and cogeneration application.

Based on the End-Users

The market in the global market has been divided based on the end-users into residential purposes,commercial purposes, and other industrial purposes.

Based on the Region

The market in the global market has been divided based on the region into Asia-Pacific region,European region, Latin American region, North American region, the Middle East and African region,and the rest of the world.

Regional Analysis

The micro turbine market in the global market has been divided based on the region into Asia-Pacificregion, European region, Latin American region, North American region, the Middle East and Africanregion, and the rest of the world. The largest market share in the market in the global market is held bythe North American region and hence it dominates in the global market. The increase in consumptionof energy coupled with increasing awareness regarding carbon footprint is the crucial factor thatpropels the market demand in the North American region.

The second-largest market share in the micro turbine market in the global market is held by theEuropean region owing to increasing demand for energy in countries like Russia, UK, and Germany.The strict rules and regulations regarding environmental protection are another contributing factor.

The third-largest market share in the market in the global market is held by the Asia-Pacific region andshowing a positive growth rate towards the market. The increasing demand for energy by highlypopulated countries like India and China drives the demand for the micro turbine market in this region.

The Latin American region and the Middle East and African region also show a positive growth ratetowards the demand for the market. The growing development in the infrastructure industry requireshigh energy sources and hence it is expected that the demand for the market will increase during theforecasted period.

Recent Developments

In April 2017, a partnership agreement has been madebetween FGC Plasma Solutions LLC (US) with CapstoneTurbine. They both will work for the testing of a newinjection technology of plasma-assisted fuel in the C65 microturbine.

In April 2017, an agreement has been made for themanufacturing of commercial EnerTwin micro CHP systemsbetween a Dutch manufacturer namely Addit BV and MTT tocater to the increasing demand in the European market.

In July 2017, new series namely 4 C200S Signature Seriesmicro turbines and C600S Signature Series micro turbineshave been follow-up by Capstone Turbine’s Australiandistributor to efficiently providing electricity in Melbourne’sCentral Business District.

In October 2017, a new partnership has been made betweenthe Asian region and the Middle East region to develop anA400 gas turbine by Greenray Energy Solutions and Aurelia.

Report Overview

This global micro turbine market research report consists of the following elements mentioned below:

Market Overview

COVID 19 Analysis

Market Dynamics

Value Chain Analysis

Market Segmentation

Regional Analysis

Competition Analysis

Recent Developments

This global micro turbine market research report contains factors that drive the growth of the in theglobal market along with the factors that restrict the growth of the market in the global market. Theopportunities available for the growth of the market during the forecasted period are mentioned. Theimpact of COVID 19 on the sales revenue of the market all across the globe is mentioned. The futuregrowth rate of the market during the forecasted period is estimated and mentioned.

Intended Audience

Consultants and Investment bankers, distributors and supplier companies, end-users, public andprivate operators of natural gas power plants, micro turbine manufacturers, Government as well asIndependent Regulatory Authorities, and many others.

InfographicSummary:

Table of Content: ContentsTable of Contents1 Executive Summary 141.1 Market Attractiveness Analysis 161.1.1 Global Micro Turbine Market, By Application 161.1.2 Global Micro Turbine Market, By Power Rating 171.1.3 Global Micro Turbine Market, By End-Use 181.1.4 Global Micro Turbine Market, By Region 192 Market Introduction 202.1 Definition 202.2 Scope of the Study 202.3 Market Structure 212.4 Key Buying Criteria 213 Research Methodology 223.1 Research Process 223.2 Primary Research 233.3 Secondary Research 243.4 Market Size Estimation 243.5 Forecast Model 253.6 List of Assumptions 264 Market Insights 275 Market Dynamics 315.1 Introduction 315.2 Drivers 325.2.1 Rising Demand for Energy 335.2.2 Increasing Focus on the Generation of Clean Energy 345.2.3 Drivers Impact Analysis 345.3 Restraints 355.3.1 Low Electrical Efficiency 355.3.2 Restraints Impact Analysis 355.4 Opportunities 365.4.1 Increase in Distributed Power Generation Capacity 365.5 Porter’s Five Forces Model 365.5.1 Threat of New Entrants 375.5.2 Bargaining Power of Suppliers 375.5.3 Bargaining Power of Buyers 385.5.4 Threat of Substitutes 385.5.5 Intensity of Rivalry 385.6 Value Chain Analysis 395.6.1 Raw Material Supply 405.6.2 Manufacturing and Assembly 405.6.3 Fabrication and Testing 405.6.4 End-Use 406 Global Micro Turbine Market, by Application 416.1 Overview 41On the basis of Application, the global Micro Turbine Market is divided into: 416.1.1 Application: Market Estimates & Forecast, 2019–2027 426.2 Cogeneration 436.3 Standby Power 437 Global Micro Turbine Market, by Power Rating 457.1 Overview 45On the basis of Power Rating, the global Micro Turbine Market is divided into: 457.1.1 Power Rating: Market Estimates & Forecast, 2019–2027 467.2 12 kW-50 kW 477.3 50 kW-250 kW 477.4 250 kW-500 kW 488 Global Micro Turbine Market, by End-Use 508.1 Overview 50On the basis of End-Use, the global Micro Turbine Market is divided into: 508.1.1 End-Use: Market Estimates & Forecast, 2019–2027 508.2 Industrial 518.3 Commercial 518.4 Residential 519 Global Micro Turbine Market, by Region 529.1 Overview 529.2 North America 539.2.1 US 569.2.2 Canada 589.2.3 Mexico 599.3 Europe 619.3.1 Germany 639.3.2 UK 649.3.3 France 669.3.4 Italy 679.3.5 Rest of Europe 699.4 Asia-Pacific 719.4.1 China 739.4.2 India 759.4.3 Japan 769.4.4 Rest of Asia-Pacific 779.5 Rest of the World 799.5.1 Middle East & Africa 819.5.2 South America 8210 Competitive Landscape 8510.1 Competitive Overview 85

10.2 Competitor Dashboard 8610.3 Major Growth Strategies of the Global Micro Turbine Market 8710.4 Competitive Benchmarking 8810.5 Market Share Analysis 8910.6 Capstone Turbine Corporation: The Leading Player in terms of Number of Developments in theGlobal Micro Turbine Market 8911 Company Profiles 9011.1 Capstone Turbine Corporation 9011.1.1 Company Overview 9011.1.2 Financial Overview 9011.1.3 Products Offered 9011.1.4 Key Developments 9111.1.5 SWOT Analysis 9211.1.6 Key Strategies 9211.2 FlexEnergy, Inc. 9311.2.1 Company Overview 9311.2.2 Financial Overview 9311.2.3 Products Offered 9311.2.4 Key Developments 9411.2.5 SWOT Analysis 9411.2.6 Key Strategies 9411.3 Ansaldo Energia S.P.A 9511.3.1 Company Overview 9511.3.2 Financial Overview 9511.3.3 Products Offered 9511.3.4 Key Developments 9611.3.5 SWOT Analysis 9711.3.6 Key Strategies 9711.4 Brayton Energy LLC. 9811.4.1 Company Overview 9811.4.2 Financial Overview 9811.4.3 Products Offered 9811.4.4 Key Developments 9911.4.5 SWOT Analysis 10011.4.6 Key Strategies 10011.5 Eneftech Innovation SA 10111.5.1 Company Overview 10111.5.2 Financial Overview 10111.5.3 Products Offered 10111.5.4 Key Developments 10111.5.5 Key Strategies 10111.6 Microturbine Technology BV 10211.6.1 Company Overview 10211.6.2 Financial Overview 10311.6.3 Products Offered 10411.6.4 Key Developments 10411.6.5 SWOT Analysis 10511.6.6 Key Strategies 10511.7 Wilson Solarpower Corporation 10611.7.1 Company Overview 10611.7.2 Financial Overview 10711.7.3 Products Offered 10711.7.4 Key Developments 10811.7.5 SWOT Analysis 10911.7.6 Key Strategies 10911.8 ICR Turbine Engine Corporation 11011.8.1 Company Overview 11011.8.2 Financial Overview 11011.8.3 Products Offered 11011.8.4 Key Developments 11011.8.5 SWOT Analysis 11111.8.6 Key Strategies 11111.9 Calnetix Technologies LLC 11211.9.1 Company Overview 11211.9.2 Financial Overview 11211.9.3 Products Offered 11211.9.4 Key Developments 11311.9.5 SWOT Analysis 11311.9.6 Key Strategies 11311.10 Toyota Motor Corporation 11411.10.1 Company Overview 11411.10.2 Financial Overview 11411.10.3 Products Offered 11411.10.4 Key Developments 11511.10.5 SWOT Analysis 11511.10.6 Key Strategies 11512 Appendix 11912.1 References 11912.2 Related Reports 11912.3 List of Abbreviation 120 List of TablesTABLE 1 LIST OF ASSUMPTIONS 26TABLE 2 MICRO TURBINE MARKET ESTIMATES & FORECAST, BY APPLICATION, 2019–2027 (USDMILLION) 42TABLE 3 MICRO TURBINE MARKET ESTIMATES & FORECAST, BY POWER RATING, 2019–2027 (USDMILLION) 46

TABLE 5 MICRO TURBINE MARKET ESTIMATES & FORECAST, BY END-USE, 2019–2027 (USD MILLION) 50TABLE 6 GLOBAL MICRO TURBINE MARKET, BY REGION, 2020–2027 (USD MILLION) 53TABLE 7 NORTH AMERICA: MICRO TURBINE MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 54TABLE 8 NORTH AMERICA: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 54TABLE 9 NORTH AMERICA: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 55TABLE 10 NORTH AMERICA: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 55TABLE 11 US: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 56TABLE 12 US: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 57TABLE 13 US: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 57TABLE 14 CANADA: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 58TABLE 15 CANADA: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 58TABLE 16 CANADA: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 59TABLE 17 MEXICO: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 59TABLE 18 MEXICO: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 60TABLE 19 MEXICO: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 60TABLE 20 EUROPE: MICRO TURBINE MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 61TABLE 21 EUROPE: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 62TABLE 22 EUROPE: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 62TABLE 23 EUROPE: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 63TABLE 24 GERMANY: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 63TABLE 25 GERMANY: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 64TABLE 26 GERMANY: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 64TABLE 27 UK: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 65TABLE 28 UK: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 65TABLE 29 UK: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 66TABLE 30 FRANCE: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 66TABLE 31 FRANCE: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 67TABLE 32 FRANCE: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 67TABLE 33 ITALY: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 68TABLE 34 ITALY: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 68TABLE 35 ITALY: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 69TABLE 36 REST OF EUROPE: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 69TABLE 37 REST OF EUROPE: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION)70TABLE 38 REST OF EUROPE: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 70TABLE 39 ASIA-PACIFIC: MICRO TURBINE MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 71TABLE 40 ASIA-PACIFIC: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 72TABLE 41 ASIA-PACIFIC: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 72TABLE 42 ASIA-PACIFIC: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 72TABLE 43 CHINA: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 73TABLE 44 CHINA: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 74TABLE 45 CHINA: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 74TABLE 46 INDIA: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 75TABLE 47 INDIA: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 75TABLE 48 INDIA: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 76TABLE 49 JAPAN: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 76TABLE 50 JAPAN: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION) 77TABLE 51 JAPAN: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 77TABLE 52 REST OF ASIA-PACIFIC: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION)78TABLE 53 REST OF ASIA-PACIFIC: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USDMILLION) 78TABLE 54 REST OF ASIA-PACIFIC: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 79TABLE 55 REST OF THE WORLD: MICRO TURBINE MARKET, BY REGION, 2020-2027 (USD MILLION) 79TABLE 56 REST OF THE WORLD: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION)80TABLE 57 REST OF THE WORLD: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USDMILLION) 80TABLE 58 REST OF THE WORLD: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 81TABLE 59 MIDDLE EAST & AFRICA: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USDMILLION) 81TABLE 60 MIDDLE EAST & AFRICA: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USDMILLION) 82TABLE 61 MIDDLE EAST & AFRICA: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION)82TABLE 62 SOUTH AMERICA: MICRO TURBINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 83TABLE 63 SOUTH AMERICA: MICRO TURBINE MARKET, BY POWER RATING, 2020–2027 (USD MILLION)83TABLE 64 SOUTH AMERICA: MICRO TURBINE MARKET, BY END-USE, 2020–2027 (USD MILLION) 84TABLE 65 CAPSTONE TURBINE CORPORATION: THE MOST ACTIVE PLAYER IN THE GLOBAL MICROTURBINE MARKET 89TABLE 66 CAPSTONE TURBINE CORPORATION: PRODUCTS OFFERED 90TABLE 67 CAPSTONE TURBINE CORPORATION: KEY DEVELOPMENTS 91TABLE 68 FLEXENERGY, INC.: KEY DEVELOPMENTS 94TABLE 69 ANSALDO ENERGIA S.P.A: PRODUCTS OFFERED 95TABLE 70 ANSALDO ENERGIA S.P.A: KEY DEVELOPMENTS 96TABLE 71 BRAYTON ENERGY LLC.: PRODUCTS OFFERED 98TABLE 72 BRAYTON ENERGY LLC.: KEY DEVELOPMENTS 99TABLE 73 ENEFTECH INNOVATION SA: PRODUCTS OFFERED 101TABLE 74 MICROTURBINE TECHNOLOGY BV: PRODUCTS OFFERED 117 List of FiguresFIGURE 1 MARKET SYNOPSIS 15FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL MICRO TURBINE MARKET, 2020 16FIGURE 3 GLOBAL MICRO TURBINE MARKET ANALYSIS BY APPLICATION 16FIGURE 4 GLOBAL MICRO TURBINE MARKET ANALYSIS BY POWER RATING 17FIGURE 5 GLOBAL MICRO TURBINE MARKET ANALYSIS BY END-USE 18

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FIGURE 6 GLOBAL MICRO TURBINE MARKET ANALYSIS BY REGION 19FIGURE 7 GLOBAL MICRO TURBINE MARKET: MARKET STRUCTURE 21FIGURE 8 KEY BUYING CRITERIA OF MICRO TURBINE 21FIGURE 9 RESEARCH PROCESS OF MRFR 22FIGURE 10 TOP DOWN & BOTTOM UP APPROACH 25FIGURE 11 NORTH AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2018 VS 2027) 27FIGURE 12 EUROPE MARKET SIZE & MARKET SHARE BY COUNTRY (2018 VS 2027) 28FIGURE 13 ASIA-PACIFIC & MARKET SHARE BY COUNTRY (2018 VS 2027) 29FIGURE 14 REST OF THE WORLD MARKET SIZE & MARKET SHARE BY COUNTRY (2018 VS 2027) 30FIGURE 15 DROC ANALYSIS OF GLOBAL MICRO TURBINE MARKET 31FIGURE 16 GLOBAL AUTOMOTIVE PRODUCTION (2016 VS 2020) 32FIGURE 17 GLOBAL INFRASTRUCTURE INVESTMENT (2018) 33FIGURE 18 DRIVERS IMPACT ANALYSIS: MICRO TURBINE MARKET 34FIGURE 19 RESTRAINTS IMPACT ANALYSIS: MICRO TURBINE MARKET 35FIGURE 20 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL MICRO TURBINE MARKET 37FIGURE 21 VALUE CHAIN: GLOBAL MICRO TURBINE MARKET 39FIGURE 22 GLOBAL MICRO TURBINE MARKET, BY APPLICATION, 2020 (% SHARE) 41FIGURE 23 GLOBAL MICRO TURBINE MARKET, BY APPLICATION, 2020 TO 2027 (USD MILLION) 42FIGURE 24 GLOBAL MICRO TURBINE MARKET, BY TYPE OF POWER RATING, 2020 (% SHARE) 45FIGURE 25 GLOBAL MICRO TURBINE MARKET, BY POWER RATING, 2020 TO 2027 (USD MILLION) 47FIGURE 26 GLOBAL MICRO TURBINE MARKET, BY END-USE, 2020 (% SHARE) 50FIGURE 27 GLOBAL MICRO TURBINE MARKET, BY END-USE, 2020 TO 2027 (USD MILLION) 51FIGURE 28 GLOBAL MICRO TURBINE MARKET, BY REGION, 2020 TO 2027 (USD MILLION) 52FIGURE 29 COMPETITOR DASHBOARD: GLOBAL MICRO TURBINE MARKET 86FIGURE 30 PRODUCT DEVELOPMENT: THE MAJOR STRATEGY ADOPTED BY KEY PLAYERS IN GLOBALMICRO TURBINE MARKET 87FIGURE 31 BENCHMARKING OF MAJOR COMPETITORS 88FIGURE 32 MAJOR MANUFACTURER MARKET SHARE ANALYSIS, 2020 89FIGURE 33 KALTRA: FINANCIAL OVERVIEW SNAPSHOT 90FIGURE 34 KALTRA: SWOT ANALYSIS 92FIGURE 35 WELCON INC: TOTAL REVENUE VS RESEARCH & DEVELOPMENT AND GEOGRAPHICALREVENUE (2014–2020) 93FIGURE 36 WELCON INC: SWOT ANALYSIS 94FIGURE 37 SHANGHAI SHENGLIN M&E TECHNOLOGY CO., LTD.: SWOT ANALYSIS 97FIGURE 38 EVAPCO INC: SWOT ANALYSIS 100FIGURE 39 MODINE MANUFACTURING COMPANY: TOTAL REVENUE VS RESEARCH & DEVELOPMENT ANDGEOGRAPHICAL REVENUE (2015–2018) 103FIGURE 40 MODINE MANUFACTURING COMPANY: SWOT ANALYSIS 105FIGURE 41 DANFOSS: TOTAL REVENUE VS RESEARCH & DEVELOPMENT AND GEOGRAPHICAL REVENUE(2015–2018) 107FIGURE 42 DANFOSS: SWOT ANALYSIS 109FIGURE 43 ZHEJIANG DUNAN ARTIFICIAL ENVIRONMENT CO., LTD: SWOT ANALYSIS 111FIGURE 44 SANHUA: SWOT ANALYSIS 113FIGURE 45 VACUUM PROCESS ENGINEERING: SWOT ANALYSIS 115FIGURE 46 SUMITOMO PRECISION PRODUCTS CO., LTD: FINANCIAL OVERVIEW SNAPSHOT 117FIGURE 47 SUMITOMO PRECISION PRODUCTS CO., LTD: SWOT ANALYSIS 118