The
global revenue for turbine inlet cooling systems stood at USD 1,033.7
million in 2013 and is expected to reach USD 1,787.0 million by 2022
at a CAGR of 6.4% from 2014 to 2022.
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the full report of Turbine Inlet Cooling Systems Market, here:
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Global
demand for gas turbines is expected to increase in the near future on
account of rising demand for cleaner and efficient power. Global gas
turbine installations are expected to have a direct impact on the
demand for turbine inlet cooling systems. The ability of the inlet
fogging and wet compression systems to augment plant output
economically makes them perfect for application in gas turbines.
North
America emerged as the largest market for turbine inlet cooling
systems in 2013. North America includes some of the largest power
producers such as the U.S., Canada, and Mexico. The share of natural
gas power production has increased in the region as both Mexico and
the U.S. have started to incorporate natural gas in their energy mix.
The construction of new gas-fired power plants in the region is
expected to boost the demand for gas turbine inlet cooling systems.
The hot and dry climatic conditions in Mexico and the southern and
central part of the U.S. are responsible for the considerable drop in
plant efficiencies. The intake of less dense air during the hot
weather conditions affects plant efficiency. The significant drop in
power efficiencies during summer season coupled with surge in power
demand has resulted in higher adoption of inlet fogging and wet
compression systems in the region.
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A
large number of gas turbine installations in regions such as Europe
and North America has attracted numerous gas turbine inlet cooling
system manufacturers. Both inlet fogging and wet compression are
mainly confined to hotter areas with less humidity in the region.
Besides Europe and North America, both Asia Pacific and RoW are
expected to contribute towards the demand for turbine inlet cooling
systems. RoW comprises countries with hot climates. Decline in the
output of the power plant is common in countries such as Qatar and
Iran. As a result, demand for turbine inlet cooling systems is higher
in the region. Asia Pacific has emerged as one of the fastest growing
markets for turbine inlet cooling systems. Asia Pacific consists of
some of the fastest growing economies of the world. Industrial
expansion and substantial growth in construction activities have
intensified the demand for electricity. However, due to increase in
demand for electricity, power cuts and shortages are becoming more
common in the region. As a result, power producers are expected to
opt for low cost options (as compared to capacity additions) such as
inlet fogging and wet compression systems.
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Key
participants in the global turbine inlet cooling systems market
include American Moistening Company Inc., Caldwell Energy Company
Inc., Cat Pumps Inc., Humifrio S.L., Mee Industries Inc., Score
Energy Limited, Siemens AG, UTC Technologies Company, Camfil AB, and
Baltec IES Pty. Ltd. This report provides an overview of these
companies, followed by their financial revenues, business strategies,
and recent developments. Overall, the investment outlook for the
turbine inlet cooling system market is positive globally, with North
America occupying the largest share throughout the forecast period.
The global market for inlet cooling systems has been segmented as
follows:
The
global market for inlet cooling systems has been segmented as
follows:
Turbine
Inlet Cooling Systems Market: Technology Analysis
- Inlet Fogging
- Wet Compression
Turbine
Inlet Cooling Systems Market: Regional Analysis
North
America
- U.S.
- Rest of North America
Europe
- Turkey
- Italy
- Rest of Europe
Asia
Pacific
- China
- Japan
- Australia
- Rest of Asia Pacifi
Rest
of the World
- GCC Countries
- Iran
- Other countries in Rest of the World
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TMR Blog Energy Reports : http://www.tmrblog.com/search/label/Energy
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