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Global Turbine Inlet Cooling Systems Market

  • Published Date: 21 Oct 2018
  • Number of Pages: 223
  • Category: Industrial
  • Country: Global
Turbine Inlet Cooling (TIC) is the process of cooling the air before it enters the compressors responsible for supplying high-pressure air to the combustion chamber which further transfers the hot air to the combustion turbine. Since combustion turbines generate less output with increasing temperature of the air, TIC provides an efficient solution in curbing the issue of overheating. Adding to the benefits of TIC, it reduces the requirement of fuel by preventing the decrease in fuel efficiency of the process. Furthermore, it also helps in increasing the longevity of the heavy-duty machinery associated with the product.

Market Dynamics

The primary driver for the global turbine inlet cooling market is the need for efficient energy generating processes to cater to the rapidly growing demand for the energy. Because of this increasing requirement, many industries have adopted this technology for efficient management of power load. In power generation sector, the use of TIC can enhance the efficiency of the process by as much as 20% and is also able to reduce the generation of harmful gases like NOx and CO2 by up to 30%. Another major factor encouraging the growth of the market is the increasing awareness about the benefits of using cooling solutions in turbine inlets. This can result in an extension of the market in regions like Asia-Pacific and the Middle East and Africa. Another key factor adding to the growth of the market is the reduction in capital costs because of the implementation of the TIC. However, the major inhibitor of the market growth is the economic slowdown faced around the globe. Even though the solution is cost-effective, the companies are trying to cut capital investments, thereby leading to lag in market growth. Challenges faced by the market include caution and concern from OEMs and increasing environmental pressure against thermal power plants.

Market Segmentation

The TIC market can be segmented by component, by industry, by the implementation, and by region. By component, segmentation of the market includes Chillers, Inlet Coils, Pump, Cooling Tower, Thermal Energy Storage (TES) tank and Air Cooled Heat Exchanger/Cooling Tower. Segmentation of the market by industry includes Thermal Power, Cogeneration Unit, Oil, Gas and Petrochemical, Offshore Operations, Electric Distribution, Gas Turbine Inlet Air Cooling, Renewable Energy and Bio Gas Plant. By implementation, the market can be categorized into Electric Driven Chillers, Steam Driven Chillers, Absorption Style Chillers, Evaporation System and Fogging System. By region, segmentation of the market includes North America, Asia-Pacific, Europe and the Middle East and Africa.

Geographical Analysis

North America is credited to clench maximum market share in the global TIC market till 2013, because of countries capable of high power generation supported by high duty infrastructure and increasing trend of natural gas power production in the region. Europe is the next most significant holder of market share and another thriving market because of a large number of gas turbine installations in the region. Asia-Pacific and the Middle East and Africa are also expected to contribute to the market growth because of the necessity of the cooling system for regions with high heat during summers.

Key Players

The significant players in the Global Turbine Inlet Cooling Systems market are Araner, MBH NRG, Stellar Energy, ICI, American Moistening Systems, Kiewit, Caldwell Energy, Mee Industries Inc., TAS Energy Inc. and GE Energy.

Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe

> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe

> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

Publisher Name : Market Litmus

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