Published Date : Apr 04, 2017
ALBANY, New York, April 4, 2017: MarketResearchReport.biz has announced the addition of a new research report, titled “Global Turbine Inlet Cooling Systems Market 2017-2021,” to its expanding repository. The report provides an in-depth assessment of the global turbine inlet cooling systems market, which includes market indicators, growth trends, and product developments that will have a bearing on the market’s growth over the forecast period from 2017 to 2021. The report presents the development of the global turbine inlet cooling systems market across North America, Europe, Asia Pacific, and Rest of the World for the aforementioned forecast period.
According to the report, the global market for turbine inlet cooling systems is expected to expand at a CAGR of 3.98% from 2017 to 2021.
Turbine inlet cooling systems are used to improve the performance and efficiency of gas turbines. Mechanical chillers, wet compression, inlet fogging, hybrid systems, and others are some of the cooling technologies used for gas turbines.
The report elucidates reasons for the growth of the turbine inlet cooling systems market. First and foremost, decline in the number of coal-based power plants is the major factor driving the market’s growth. The increasing number of combined cycle gas turbine (CCGT) power plants due to their higher thermal efficiency is further aiding the market’s growth. Furthermore, development of newer power plants in North America is also a key factor fuelling the growth of this market.
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However, the growth of the market is restrained due to several factors. Volatile prices of natural gas and irregularities pertaining to natural gas reserves and supplies are hindering the market’s growth to a high degree. Moreover, increasing renewable sources for power generation due to environmental considerations is negatively impacting the market’s growth.
Nevertheless, the market will be benefitted due to some of the opportunities that are expected to come to the fore. Increasing distributed power generation trend for eliminating cost and inefficiencies pertaining to transmission and distribution and stringent government regulations worldwide that oversee distribution networks and safety compliances will present growth opportunities to the market. The resurgence of nuclear power in Japan is further expected to benefit the market’s growth.
The report studies the global turbine inlet cooling systems market from a competitive standpoint as well. Key vendors for turbine inlet cooling systems are mentioned and are profiled for their competitive attributes. Some of the key vendors are American Moistening Company, Caldwell Tanks, Siemens, Camfil Power Systems, Stellar Energy, Baltec IES, Mee Industries, and Johnson Controls. A SWOT reports of these players is provided to present the indicators of strength, weakness, opportunities, and threats until the end of the forecast period in 2021.
The report begins with an overview of terms and terminologies, classifications, and applications that are relevant in the context of gas turbine operations. The report also discusses industry statutes and industry policies that are in the purview of gas turbine safety norms are included herein.
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