Mechanical Chillers to Emerge as Preferred Technology in Global Turbine Inlet Cooling Systems Market
Transparency Market
Research has released a new market report titled Turbine Inlet
Cooling Systems Market by Technology - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast, 2014 - 2022. According to
this report, the global turbine inlet cooling systems market stood at
US$7.8 bn in 2013 and is anticipated to surpass US$13.1 bn by 2022,
at a CAGR of 6% from 2014 to 2022.
The report on the
turbine inlet cooling systems market primarily focuses on inlet
fogging, mechanical chillers, and wet compression technologies. Of
the three technologies, mechanical chillers is more common and is
utilized in a large number of gas turbines worldwide. Companies such
as Mee Industries Inc. and Caldwell Energy have pioneered the inlet
cooling technology and provide complete inlet cooling packages to
augment plant output. Increasing incidents of power shortages due to
the drop in turbine efficiencies, especially during the summer
season, compel power companies to install turbine inlet cooling
systems. The number of mechanical chiller systems is further expected
to grow on account of increasing adoption of gas-fired power plants
globally. As the number of gas-fired power plants increases, the
demand for gas turbine and hence gas turbine inlet cooling systems
would increase. The installation of turbine inlet cooling systems
assists plant owners/operators to augment plant output.
Mechanical chillers
is one of the most efficient as well as expensive turbine inlet
cooling technologies. They can attain a temperature drop in inlet air
of about 45°F, which is higher than most of the available
technologies. A mechanical chiller consists of a compressor that
works on steam turbine, natural gas engine, or electric motor.
Chiller systems may come with a thermal energy storage tank for
chilled water supply. Overall, the assembly of chiller systems allows
them to provide higher power output enhancement and much lower
temperature. Companies such as Stellar Energy and TAS Energy Inc.
have designed complete chiller system packages and are among the
leading suppliers of chillers globally. Decrease in the output of gas
turbines, especially during the summer seasons, has compelled power
companies to retrofit their turbines with inlet cooling systems.
Inlet fogging is one
of the most widely used methods of evaporative cooling. Inlet fogging
systems are easy to install and low cost as compared to other turbine
inlet cooling technologies. Utilization of fogging systems increases
the turbine output by nearly 10%, making it one of the low cost and
effective turbine inlet cooling technologies. Currently, turbine
inlet fogging systems are installed in hundreds of gas turbines all
over the world. Mee Industries, Inc. is one of the major provider of
turbine inlet fogging systems and offers inlet cooling solutions
globally.
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Similar to inlet
fogging, wet compression is also an evaporative cooling technology.
Wet compression is a complementary technology utilized to provide
added benefits to existing evaporative cooling technologies. In wet
compression more fog is added. The air containing the excess fog
enters the compressor in the combustion turbine, where droplets are
evaporated which leads to cooling of air and increase in air mass.
However, it is a relatively newer technology and is costlier than
inlet fogging. Companies such as Siemens AG and Caldwell Energy
Company Inc. are major providers of wet compression systems.
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 a slightly greater
preference for mechanical chiller installations
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