The
global turbine inlet cooling systems market was valued at US$7.8 bn
in 2013 and is predicted to reach US$13.1 bn by 2022. The global
turbine inlet cooling systems market is expected to expand at a 6.0%
CAGR during the period from 2014 to 2022. Decline in gas turbine
output during summers has obligated power companies to substitute
their turbines with inlet cooling technologies.
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Well-known
companies such as TAS Energy and Stellar Energy have introduced new
turbine inlet cooling systems in the market and thus are amongst the
leading players in the global turbine inlet cooling systems market.
Some other prominent companies in the global turbine inlet cooling
systems market are American Moistening Company Inc., Cat Pumps Inc.,
Mee Industries Inc., Siemens AG, Camfil AB, Baltec IES Pty. Ltd.,
Caldwell Energy Company Inc., Humifrio S.L., Score Energy Limited,
and UTC Technologies Company.
Mechanical
Chillers: Most Expensive yet Efficient Turbine Inlet Cooling Systems
The
global turbine inlet cooling systems market is segmented on the basis
of technology and region. Based on technology, the global turbine
inlet cooling systems market is classified into mechanical chillers,
wet compression, and inlet fogging. In terms of the technology used
and its efficiency, the mechanical chillers sector dominated the
global turbine inlet cooling systems market in 2014. Mechanical
chillers are the most expensive yet the most efficient turbine inlet
cooling systems used across the globe. Mechanical chillers can attain
a temperature drop in the inlet air of up to 45 degree Fahrenheit,
which is higher than any other inlet cooling technologies.
Inlet
fogging is emerging as one of the most commonly used cooling systems
across the globe. Inlet fogging systems increase the output of
turbines by 10%, which is why they have gained tremendous acceptance.
Low cost and ease of installation make inlet fogging one of the
rapidly growing sectors in the global turbine inlet cooling systems
market. The wet compression sector is expected to develop moderately
during the forecast period. Caldwell Energy Company Inc. and Siemens
AG are the leading companies dealing with wet compression cooling
systems.
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North
America: Largest Market for Turbine Inlet Cooling Systems
By
geography, the global turbine inlet cooling systems market is
classified into North America, Asia Pacific, Europe, and Rest of the
World. North America leads the global turbine inlet cooling systems
market followed by the Rest of the World regional segment. North
America houses the majority of the turbine inlet cooling systems
providers. Increasing demand for energy has boosted the construction
of power plants and this has impacted the global gas turbine market.
Increasing
number of orders for gas turbines is predicted to have direct impact
on gas turbine inlet cooling applications, specifically in areas with
a hot climate. Modifications and technological advancements in
turbine inlet cooling systems have made these applications compatible
with turbine designs. Turbine manufacturers from across the globe
have approved and adopted the latest turbine inlet cooling systems.
Occurrence of peak demand and high temperature is expected to boost
the need for turbine inlet cooling. The capacity of turbine inlet
cooling systems to increase the output of power by cooling down the
inlet air is expected to drive the global turbine inlet cooling
systems market during the forecast period.
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