MICROTURBINE SYSTEMS MARKET ANALYSIS

Market Challenges And Opportunities

Global Microturbine Systems Market Restraints:

Volatile fuel prices are expected to hamper the global microturbine systems market growth over the forecast period

Currently, natural gas is widely used in microturbines as fuel. Since the natural gas price is fluctuating constantly, it poses threat to microturbine manufacturers. Furthermore, the energy generated by microturbines and reciprocating engines incurs comparatively the same cost. However, advanced supercritical CO2 systems that generate energy at a lower cost are expected to offset the challenge with minimal utilization of natural gas and adequate energy generation. Hence, these factors are expected to hamper the global microturbine systems market growth over the forecast period.

High level of competition from emerging entrant and established players is expected to hinder the global microturbine systems market growth over the forecast period

Emerging market players are posing major competition to existing market players. New entrants are offering microturbine systems at a competitive cost as compared to major manufacturers, which in turn, is hindering the market share of key players. Furthermore, market players are struggling to expand their presence due to the presence of various regional players. Hence, these factors are expected to hinder the global microturbine systems market growth over the forecast period.