The demand within the global turbine inlet cooling systems market is set to reach unprecedented heights in the forthcoming years. Use of turbines for energy generation has played an important role in generating key revenues within the market. Areas that experience high temperatures have shown an inclination towards installation of gas turbines. Setting up of new power plants is a trend that has furnished fresh revenues for several market vendors. Therefore, advancements in the energy sector can be considered as a launch pad for the growth of the global turbine inlet cooling systems market. The primary intent behind installation of turbine inlet cooling systems is to maintain the efficiency of plants during hot weathers. Therefore, need for plant augmentation shall continue to fetch key revenues for the global market.

Transparency Market Research (TMR), in its report, predicts that the global turbine inlet cooling systems market would expand at a respectable CAGR of 6% during 2014 and 2022. Furthermore, the total value of the global turbine inlet cooling systems market is set to reach US$13.1 bn by 2022. The energy sector has gathered the attention of international entities such as the UN. As power plants join the quest to follow international standards, the global turbine inlet cooling system market would gather momentum. The operational efficiency of turbines can increase by leaps and bounds through the deployment of inlet turbine cooling systems.

 

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Growth of Energy Sector to Propel Demand

The energy sector has attracted humongous investments over the past decade. Energy scientists and researchers have focused on the need to produce renewable energy. Therefore, several important renewable energy technologies have garnered the attention of the masses in recent times. Furthermore, the depleting levels of fuels and other exhaustive resources has also created humongous demand within the global turbine inlet cooling systems market. It is expected that investments in the energy sector would trickle down to the global turbine inlet cooling systems market.

Growing Use of Gas Turbines across Power Plants

Installation of gas turbines and energy plants is preceded by several key considerations such as payback period, cost of water, and environmental conditions. The aforementioned considerations help in gauging the viability of plants, and their potential for energy generation. These factors are expected to drive demand within the global turbine inlet cooling systems market. The hourly electric demand values can be improved with the help of cooling systems across turbines. This assertion, coupled with the need for ambient conditions across power plants, shall usher an era of growth within the turbine inlet cooling systems market.

Some of the renowned vendors operating in the global turbine inlet cooling systems market are Baltec IES Pty. Ltd., Caldwell Energy Company Inc., Cat Pumps Inc., Siemens AG, Mee Industries Inc., and Score Energy Limited.

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