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Growing Awareness about Cleaner and Green Energy Spikes Demand for Global Turbine Inlet Cooling Systems Market

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Published on : Apr 07, 2017

Albany, New York, April 07, 2017: The research report, titled “Global Turbine Inlet Cooling Systems Market 2017-2021,” provides a detailed outlook of the drivers, restraints, opportunities, and threats impacting the overall market. The publication has been collated using primary and secondary research methodologies to offer its readers an accurate and an exact understanding of the complicated market dynamics. The segments of the global turbine inlet cooling systems market have also been assessed using a SWOT analysis for the readers to decipher the progress of each segment in the coming few years.

According to the research report, the global turbine inlet cooling systems market is likely to surge at a CAGR of 3.98% during the forecast period of 2017 and 2021. The steady growth of the global market will be attributable to the growing awareness about the depletion of fossil fuels, which has considerably reduced the dependency on coal-based power plants. Thus, the subsequent tilt toward gas-fired power plants has triggered a steady demand for turbine inlet cooling systems. Furthermore, the growing awareness about clean energy has also sparked a wave of environmental protection, giving the goal of using greener energy an unwavering impetus. The growth of CCGT power plants and increasing installations of newer plants across North America have also made a significant contribution to the soaring revenue of the global turbine inlet cooling systems market.

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On the flip side, the growth of the global market is being threatened by the rising volatility of natural gas prices and the increasing capacities of renewable power generation. The market is also likely to be challenged by the inconsistencies in natural gas reserves and supplies. However, resurgence of nuclear power plants in Japan are projected to offer the global market a new area for growth. Additionally, stringent government regulations about reducing the carbon footprint and increase of distributed power generation are expected to fuel the growth of the global market over the forecast period.

Geographically, North America is anticipated to lead the global turbine inlet cooling systems market as the region is getting stricter about emission laws. Furthermore, the rising awareness about installation of efficient power generation plants is also projected to favor the growth of this regional market.

Some of the leading players operating in the global turbine inlet cooling systems market are Caldwell Tanks, Stellar Energy, American Moistening Company, Mee Industries, Baltec IES, Siemens, Camfil Power Systems, and Johnson Controls. The research report provides a detailed description of the competitive landscape of the global market and the business and marketing strategies being used by these players to stay ahead of the competition. Additionally, the publication also provides a valuable insight into the research and development activities of these players, their financial outlooks for the forecast period, and their mergers and acquisitions. 

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