The Aircraft Micro Turbine Engines market size is projected to reach a CAGR of 10.3% from 2022 to 2028.
Micro Turbine engine is a new generation technology that is used for stationary energy generation. Micro turbine is a class of combustion turbines that produces both heat and electricity on a small scale. These are similar to jet engine but produces electricity instead of thrust. The most recent development in the sector is drone propulsion. This has open new doors for the application in military.
The advantages over the conventional engine along with the low operational and maintenance cost along with the reduced emission are some of the factors that have supported long-term expansion for Aircraft Micro Turbine Market.
COVID-19 had a relative effect on the market, as the nationwide lockdown was imposed across the nation along with the supply chain disruptions.
Asia Pacific is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the environmental concerns regarding the carbon emission.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Growth Rate |
CAGR of 10.3% during the forecasting period, 2022-2028 |
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Historical Data |
2019-2020 |
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Forecast Years |
2022-2028 |
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Base Year |
2021 |
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Units Considered |
Revenue in USD billion and CAGR from 2022 to 2028 |
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Report Segmentation |
End-Use, Engine Type, Platform, Horsepower, Fuel Type, Application and region. |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
AeroDesignWorks GmbH, Elliott Company, General Electric Company, Honeywell International Inc., Kratos Defense & Security Solutions, Inc., Micro Turbine Technology B.V., PBS Group. a.s., Sentient Blue Technologies, Turbotech SAS, and Williams International |
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Available Customization |
In addition to the market data for Aircraft Micro Turbine Engines Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Aircraft Micro Turbine Engines Market is segmented into End-Use, Engine Type, Platform, Horsepower, Fuel Type, Application and region.
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