Albany, NY -- (SBWire) -- 09/08/2015 --Market Research Reports Search Engine (MRRSE) has recently added the research report, titled " Turbine Inlet Cooling Systems Market by Technology (Inlet Fogging Systems and Wet Compression Systems) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2022 ", to its market study offering.
The report states that the global market for turbine inlet cooling systems will reach a valuation of US$1,787.0 million by 2022, increasing from US$1,033.7 million in 2013 at a 6.4% CAGR from 2014 to 2022.
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The report analyzes the global scenario for turbine inlet cooling systems market on the basis of technology and geography.
Worldwide, increasing energy needs have driven the construction of new power plants. However, increased energy use in summer months or in places with a consistently warm climate is a reason for blackouts and power outages, which need sustainable solutions.
To address the problem, which is both cost- and time-consuming, power plants are installing turbine inlet cooling systems as a viable solution for augmenting production capacity.
Furthermore, increasing prevalence of gas-fired power plants is driving demand for gas turbines, which in turn is boosting installation of turbine inlet cooling systems. Installation of such systems increases plant output substantially, a major revenue generator for the turbine inlet cooling systems market.
According to the report, evaporative technologies such as wet compression and inlet fogging are extensively used by power producers and turbine manufacturers to enhance turbine capacities, especially for usage in hot and sultry climates.
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The use of evaporative technologies significantly increases plant efficiency and expenses due to its low operating and maintenance cost, which is a major factor promoting installation of turbine inlet cooling systems.
Among the two technologies, inlet fogging is majorly used in a large number of gas turbines across the world. Inlet cooling technology has been pioneered by Caldwell Energy, Mee Industries Inc., and some other companies that provide end-to-end cooling packages to increase plant output.
In addition to this, easy installation and low cost are other attributes that elevate the functionality of inlet fogging systems over other turbine inlet cooling systems. Utilization of fogging systems is directly related with a 10% increase in turbine output, thus making it one of the most efficient turbine inlet cooling mechanisms.
Likewise, wet compression is an evaporative cooling technology mostly used as a complementary technology to provide added advantages to the existing turbine cooling technologies.
In wet compression, air containing excess fog enters the compressor chamber of the combustion turbine, wherein droplets of a liquid evaporate, leading to chilling of air due to expansion in its volume and increase in air mass. However, wet compression is relatively newer and costlier than inlet fogging, which limits its usage to high-output requirements.
The report profiles major companies operating in the global turbine inlet cooling systems, such as Cat Pumps Inc., Mee Industries Inc., Siemens AG, Camfil AB, Caldwell Energy Company Inc., Humifrio S.L., Score Energy Limited, UTC Technologies Company, and Baltec IES Pty Ltd.
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Turbine Inlet Cooling Systems: Enhanced Energy Efficiency of Power Plants to Propel Market
Rising demand for energy is driving the construction of new power plants globally. Despite the prevailing economic slowdown, demand for power is expected to grow on account of urbanization and rise in population. The drop in plant efficiency during summer seasons raises concerns related to blackouts and power outages.