Turbine Inlet Cooling Systems Market by Technology (Inlet Fogging Systems, Mechanical Chillers, and Wet Compression Systems) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2022

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. The solution to such problems is capacity additions. However, capacity addition either through the construction of new power plants or addition of extra turbines is both capital-intensive and time-consuming. Restricted by both time and economic constraints, power companies and turbine manufacturers are now opting to install turbine inlet cooling systems. Turbine inlet cooling systems provide cost-effective power augmentation. Mechanical chillers and evaporative technologies, such as inlet fogging and wet compression systems, are widely adopted by power producers and turbine manufacturers to boost turbine capacities, especially during the summer seasons. 

The research study is designed to analyze and estimate the market for turbine inlet cooling systems globally both in terms of volume (Units) and revenue (USD Million). The global market for turbine inlet cooling systems has been broadly segmented on the basis of technology and geography. The market report only addresses three specific inlet cooling technologies: inlet fogging, mechanical chillers, and wet compression. These technologies are used to boost plant efficiency, especially in regions with hot climates. Utilization of inlet fogging technology reduces the inlet air temperature through spraying of small water droplets. Wet compression units are generally used in conjunction with other inlet cooling technologies to provide additional cooling to boost plant efficiency. Mechanical chillers can attain greater temperature reduction in inlet air than most of the other available technologies.

In this research study, the turbine inlet cooling market has been segmented at a granular level, geographically. The global market has been segmented geographically into North America, Europe, Asia Pacific, and Rest of the World (RoW). Each of these regional segments has been further sub-divided into its constituent country-wise segments. A total of 12 sub-segments have been drawn from the four regions, which comprise eight unique country-specific analyses. The countries included under the scope of the report are China, Japan, and Australia in Asia Pacific; the U.S. in North America; Italy and Turkey in Europe; and Iran and GCC countries in RoW. The report features a detailed regional segmentation with market growth forecast for the 2014-2022 period. Similar detailed projections have also been provided for the technology segment. For this market study, 2013 has been taken as the base year, while all forecasts are for the 2014-2022 period.

This report includes key market dynamics affecting the demand for turbine inlet cooling systems globally. As part of our market dynamics analysis, we have analyzed the market drivers, market restraints, and market opportunities. The report also provides a detailed analysis of the global turbine inlet cooling systems market with the help of Porter’s Five Forces model. The Porter’s Five Forces analysis aids in understanding the five major forces that affect the industry structure and demand for turbine inlet cooling systems globally. The forces analyzed are the bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition. The report also includes a glimpse of the global turbine inlet cooling systems value chain. The interaction and roles of various stakeholders starting from technology development and manufacturing to the deployment and final end-use have been elucidated in detail. The market attractiveness analysis involves benchmarking and ranking of each region on the basis of numerous parameters. The parameters selected are likely to have a pronounced effect on the demand for turbine inlet cooling systems in that region, both currently and in the near future.

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

** Source: Transparency Market Research Press Release 2015-10-23

Thermal Storage Market To Witness Growth As Energy Demand Surges Worldwide

GrandViewResearch.com has announced the addition of “Global Thermal Storage Market Analysis And Segment Forecasts To 2022” Market Research report to their Database

Global thermal storage market has grown tremendously on account of the rising world population and corresponding demand for energy. Thermal storages provide a sustainable alternative to non-renewable energy resources’ usage. Temporary hoarding of heat facilitated by thermal storages is anticipated to remain a key driving factor for the global market expansion. Global energy usage is predominantly shifting towards renewable energy sources on account of rising energy costs, depletion of fossil fuels and growing importance of environmental protection and conservation. These dynamics are further expected to encourage the global thermal storages market growth.

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As per technology, thermal storages can be categorized into sensible, thermochemical and latent heat storages. Sensible heat predominantly emerged as the largest segment until 2014; however it is forecasted to lose market share over the forecast period on account of limited storage capacity per volume. Thermochemical and latent storages are projected to acquire larger market share throughout the forecast period on account of higher energy density. Thermal storages end-use markets can be further classified into utilities, commercial, industrial and residential segments. Commercial and industrial segments have dominated the market as a result of rising demand for backup power solutions and increasing energy prices.

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Geographically, Europe is expected to lead the thermal storage market in terms of capacity installation owing to strong regional emphasis on energy efficiency coupled with rising demand for renewable energy resources. Huge investments have been made towards development of sustainable energy resources in Europe, especially in the UK. North America as a mature market is expected to achieve moderate market growth during the forecasted period. Furthermore, rising need for sustainable and efficient development towards future is expected to drive the growth in Asia Pacific regions. Countries in Middle East & Africa such as Algeria, Jordan, Morocco, Egypt and Tunisia have also set guidelines to achieve green energy targets in order to reduce dependence on conventional energy resources. This trend is expected to further strengthen ME&A market growth over the forecast period.

Key players in the market include CALMAC, Strata-Therm, Chicago Bridge & Iron Company (CB&I), Goss Engineering Inc., EVAPCO Inc., Baltimore Aircoil Co., Abengoa Solar, BrightSource Energy, Inc., Caldwell Energy, Burns & McDonnell, Steffes Corporation, Ice Lings, and TAS Energy.

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