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Turbine Inlet Cooling Systems Market Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Overview:

The most widely used cooling method is turbine inlet cooling, which has the primary application of increasing the power output of combustion turbines. The turbine inlet cooling process involves cooling air before it enters the compressor that supplies high-pressure air. Turbine inlet cooling allows plant owners to prevent output power loss and even increase the output of the combustion turbine by cooling the air below ambient temperature. The growing need for power and energy is a vital factor in the growth of power generation plants. With technological advancements in turbine inlet cooling systems, they have become more affordable and compatible with combustion turbines. Turbine inlet cooling systems find vital applications in increasing the power efficiency of such power plants by lowering the temperature of the air. Due to such a vital application, with an increasing number of power generation plants, turbine inlet cooling systems are expected to witness immense growth in the coming years.

Increasing concern for environmental protection and a focus on the generation of clean energy has led to a reduction in coal-based power plants. A reduction in coal-based power plants shifts the trend towards gas-fired power plants. Gas turbines are expected to see increased demand as the number of gas-fired power plants grows. As well, due to power enhancement applications, increasing demand for gas turbines will escalate the demand for turbine inlet cooling systems. Another factor driving the growth of the turbine inlet cooling systems market is the growing interest in distributed power generation plants. Due to operational feasibility and maintenance ease, power generation is witnessing a shift from centralized systems to power-generating integrated networks. This trend is boosting the demand for gas-fired turbines along with potential turbine inlet cooling systems.

The North American market for turbine inlet cooling systems is the most developed. Immense market growth in this region is credited to the presence of the majority of turbine inlet cooling system manufacturers. Early adoption of natural gas power generation in North America has also resulted in an increase in gas-fired power plants, paving the way for growth in the market for turbine inlet cooling systems. Furthermore, due to a decrease in plant efficiency at high temperatures, Middle Eastern countries have a high potential for the turbine inlet cooling systems market. Growing energy demand due to rapidly growing industries and power utilization has led to great potential for the turbine inlet cooling system market in the Asia Pacific region.

The global market for turbine inlet cooling systems is segmented on the following basis:

Technology:

  • Inlet Fogging
  • Mechanical Chillers
  • cWet Compression
  • Others (absorption cooling, LNG vaporization, hybrid systems)

Geography:

  • North America
  • U.S.
  • rest of North America

Europe

  • U.K.
  • Germany
  • France
  • Rest of Europe

Asia Pacific

  • Japan
  • China
  • South Asia
  • Rest of Asia Pacific

Rest of the World (RoW)

  • Latin America
  • Middle East and Africa (MEA)

Key players identified in the global turbine inlet cooling systems market include but are not limited to:

Siemens AG, American Moistening Company Inc., UTC Technologies Company, Score Energy Limited, Caldwell Energy Company Inc., Mee Industries, Camfil AB, Baltec IES Pty. Ltd., Humifrio S.L., Stellar Energy Systems Inc., and others

Frequently Asked Questions:

The market for Turbine Inlet Cooling Systems is expected to reach US$ XX Mn in 2026.

The Turbine Inlet Cooling Systems market is expected to see significant CAGR growth over the coming years,at XX%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

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Trusted By
Godaddy
Published Date:  May 2018
Category:  Energy
Report ID:   59164
Report Format:   PDF
Pages:   120
Rating:    4.5 (60)
Delivery Time: 24 Hours to 48 Hours   
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