Global Microturbine Systems Market is Expected to Reach USD 440.8 million in 2019: Transparency Market Research

Global Microturbine Systems Market isGlobal Microturbine Systems Market is Expected to Reach USD 440.8 million in 2019: Transparency Market Research PR Newswire ALBANY, New York, December 6, 2013 According to a new market report published by Transparency Market Research "Microturbine Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," global microturbine systems market was valued at USD 144.4 million in 2012, growing at a CAGR of 16.7% from 2013 to 2019. Annual installation was 123.2 MW in 2012 and is expected to reach 447.4 MW in 2019, growing at a CAGR of 19.8% from 2013 to 2019. Browse the full report with complete TOC at http://www.transparencymarketresearch.com/microturbines-market.html Rising global energy demand with increasing grid instability is expected to bolster microturbine systems market growth over the next five to six years. Impending stringent environmental regulations to curb down harmful emissions accompanied by increased awareness about clean and green energy generation are further fuelling the product demand. Increasing electricity consumption in off grid areas is likely to create new opportunities for the market, as these systems can be installed at a number of remote locations owing to its compact size and reliability. Inception of supercritical CO (Organic Rankine Cycle) with 16% more2 efficiency than conventional microturbine systems is probable to lay down new opportunities for the market.