Impact Assessment of COVID-19 Outbreak on Microturbines Market

 

Microturbines Market- Snapshot

Microturbines can be defined as a small scale power generators that produce electrical power by burning gaseous and liquid fuels. The combustion of these fuels in the turbine results in high speed rotation of the turbine shaft, which then turns an electrical generator for producing electrical power. Microturbines operate at high speeds and can be used only for power generation or for CHP (combined heat and power) applications similar to gas turbines. Microturbines are capable of operating on an array of fuels including natural gas, biogas, sour gases, gasoline, diesel, kerosene, heating oil, etc.. Microturbines are designed in such a way that they combine the reliability of an aircraft’s auxiliary power system along with the manufacturing economics of a turbocharger.

Request PDF Brochure :https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1545

Microturbine systems are usually air cooled with some designs utilizing air bearings.Therefore, these turbines eliminate both oil and water systems that are commonly used in reciprocating engines. Microturbines have low emission combustion system, whose emission performance is comparable to that of larger gas turbines. Microturbines also have potential for reduced maintenance with their uptime being around 99% and are highly reliable and durable for generating continuous and high quality power.

Explore Transparency Market Research’s award-winning coverage of the global Industry:
https://www.prnewswire.com/news-releases/electrification-measures-across-various-regions-and-booming-construction-sector-to-bring-great-growth-opportunities-for-distribution-board-market-between-2019-and-2027-tmr-301171784.html

Shift toward On-Site Power Generation and Low Cost Power Generation from Microturbines Likley to Drive the Market

Aging power infrastructure and poor grid connectivity across various regions is expected to fuel demand for on-site power generation technologies such as microturbines. The maintenance of aging power infrastructure, especially in developed regions such as North America and Europe, is expected to lead to down time of the grid in the region. This is likely to affect overall productivity of key industries and hamper the daily life of local residents. On-site power generation is estimated to become more feasible for reliable for power supply in these regions. Moreover, poor grid connectivity in developing and underdeveloped nations is projected to lead to rise in demand for on-site power generation as power demand in these nations increases. Furthermore, factors such as reliability, customized power demand, and reduced power generation costs are expected to increase demand for microturbines. Microturbine systems can be installed easily in comparison to complex conventional power plants and can produce low-cost energy from much cleaner energy sources. The energy generation cost from microturbines is reduced mainly by utilizing them for CHP applications. CHP systems not only increase the overall efficiency of a microturbine but also provide economic benefits to end-users. Governments and regulatory authorities offer incentives for the installation of microturbines. In Europe and North America, governments have already laid plans for providing incentives and subsidies to end-users who are installing microturbines for either CHP applications or for power generation.

Buy Now :https://www.transparencymarketresearch.com/checkout.php?rep_id=1545&ltype=S

High Initial Investment and Low Fuel-to-electric Efficiency can Restrain the Expansion of the Market

The installation costs of microturbines lie in the range of US$ 700–1100 per KW, which is high in comparison to substitutes such as reciprocating engines. High upfront costs of microturbines makes it difficult for them to compete with reciprocating engines. In order to be competitive, the installation costs of microturbines for large scale applications should ideally fall in the range of US$ 400–US$ 600 per kW, which is similar to those of reciprocating engines. Microturbines also suffer from low fuel-to-electric efficiency, which is a major restraint. Unrecuperated microturbines have fuel-to-electric efficiency of about 15%, while recuperated microturbines have slightly greater efficiency in the range of 25% to 30%. These efficiency levels are quit incompetent with respect to reciprocating engines. Moreover, the efficiency of microturbines further decreases with increase in part load, which is not the case with reciprocating engines.

Technological Advancements and Innovations to Pave the Way for Microturbines in the Future

New technologies and innovations in microturbines are expected to improve their overall performance along with their cost effectiveness. Installation and development of microturbines in off-grid areas can reduce the high costs involved in grid connection and power transmission, thereby optimizing the costs of off-rid power generation. Microturbines, when used in combination with energy storage devices, can help meet peak demand from end-users without compromising on efficiency. Since microturbines can also use hydrogen as fuel, using them in combination with fuel cells and in CHP applications can result in high energy efficiency with almost zero emissions.

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.