Turbine Inlet Cooling Systems Market to Exhibit CAGR of 6% from 2014 to 2022
A new market research report published by Transparency Market Research, titled “Turbine Inlet Cooling Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” presents a detailed overview of the turbine inlet cooling systems market. Analyzing the market for developmental trends observed in the past, the report also presents a forecast of the market’s state over the years between 2014 and 2022. According to the report, the global turbine inlet cooling systems market is anticipated to reach US$13.1 bn by 2022.
Browse the full Turbine Inlet Cooling Systems Market by Technology - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2022 report at https://www.transparencymarketresearch.com/turbine-inlet-cooling-market.html
Focusing majorly on inlet fogging, wet compression technologies, and mechanical chillers, the report comprises an analysis of the key market dynamics that affect the demand or sales of the turbine inlet cooling systems globally. According to the report, a huge number of gas turbines utilize mechanical chillers, as compared to the other two technologies. Even though mechanical chillers are an expensive technology, they are generally preferred because they have the capability to achieve a temperature drop of 45°F in inlet air, which is higher than what most other technologies achieve.
The compressor within a mechanical chiller works on a natural gas engine, electric motor, or steam turbine. For chilled water supply, chiller systems may comprise a storage tank based on thermal energy. The assembly of the chiller systems allows them to provide higher power output and a much lower temperature than other technologies. TAS Energy Inc. and Stellar Energy are the two companies that are among the top suppliers of chillers globally.
As per the report, there are hundreds of gas turbines in the world employing turbine inlet fogging systems, as they are one of the most effective and cheapest turbine inlet cooling technologies, increasing the output of the turbine by 10%. One of the main providers of inlet cooling solutions globally is Mee Industries, Inc.
Wet compression technology is a relatively newer and costlier evaporative cooling technology. Acting as a secondary technology, wet compression is used to provide additional benefits to a primary evaporative cooling technology, wherein more fog is added, which enters the compressor, where droplets are evaporated, leading to an increase in air mass, along with cooling of air.
The primary growth drivers for the turbine inlet cooling systems market, as mentioned in the report, are the increasing incidence of power shortages, especially shortage of power supply during the summers, and the increased global adoption of gas-fired power plants, leading to a rise in the demand for gas turbines, which in turn fuels the demand for turbine inlet cooling systems. Decreased output of gas turbines has compelled power companies to make use of inlet cooling systems in the turbines, driving the market for turbine inlet cooling systems.
The key companies mentioned in the report that play an active role in the turbine inlet cooling systems market are Cat Pumps Inc., Caldwell Energy Company Inc., Siemens AG, American Moistening Company Inc., Score Energy Limited, Humifrio S.L., Mee Industries Inc., Baltec IES Pty. Ltd., Camfil AB, and UTC Technologies Company.
The report segments the global market for inlet cooling systems as follows:
Turbine Inlet Cooling Systems Market: Technology Analysis
- Inlet Fogging
- Mechanical Chillers
- Wet Compression
Turbine Inlet Cooling Systems Market: Regional Analysis
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Rest of the World
- GCC Countries
- North America
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