Global Turbine Inlet Cooling Systems Market to Reach US$13.1 bn by 2022, Propelled by Increasing use of Mechanical Chillers

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. 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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