Research and Markets (http://www.researchandmarkets.com/research/2gf39k/global_turbine) has announced the addition of the "Global Turbine Inlet Cooling Market - Growth Trends and Forecasts (2015-2020)" report to their offering.
In power generations sector, the use of TIC is said to improve the efficiency by as much as 20% and in the process reduce the generation of harmful gases like NOx and CO2 by up to 30%.
The major constraint for the use of TIC systems is the economic slowdown in multiple countries around the world. In spite of the benefits of this product, during low economic phases the manufacturers in respective regions are looking to reduce capital investments. Moreover, the power plants and heavy industries with long gestation periods are not able to attract heavy investments.
The major driver for TIC is the increasing awareness of this product. Turbine inlet cooling systems can improve the turbine efficiency by almost 30% in hot conditions. During summer time when there is maximum demand for power, power production actually goes down due to inherent inefficiencies in the turbine airflow. Instead of creating additional power projects to meet the shortfall, by employing TIC systems the envisioned capacity of the turbines can be restored at much lesser cost.
One of the major opportunities lies in the upgradation of legacy power plants. Around the world there exists a number of power plants whose equipment are decades old. Due to the application of inferior technology in these systems the power efficiency is lower. When combined with the peak load pressure in summer and low turbine efficiency the power output is further lowered. This represents an opportune market where the use of TIC systems can increase the output at minimum investment. However, thermal power plants are increasingly facing pressure from environment groups.
Companies Mentioned:
- Araner
- MBH NRG
- Stellar Energy
- Johnson
- Icl
- American Moistening Systems
- Kiewit
- Caldwell Energy
- Mee Industries Inc
- TAS Energy Inc
- GE Energy
- Güntner
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summery
4. Key Inferences
5. Market Overview and Technology Trends
6. By Component
7. By Industry
8. By Industry
9. By Geography - Regional Share and Forecasts
10. Competitive Landscape
11. Key Vendor Analysis
12. Analyst Outlook for Investment Opportunities
13. Future Outlook of the Market
For more information visit http://www.researchandmarkets.com/research/2gf39k/global_turbine
View source version on businesswire.com: http://www.businesswire.com/news/home/20160205005781/en/
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