Aerospace Engine and Engine Parts Market Is Set To Garner Staggering Revenues by 2020-2025 | GE, CFM, Rolls Royce, International Aero Engines, Pratt & Whitney, SNECMA, Tumansky

Global Aerospace Engine and Engine Parts Market Synopsis:

The report covers a forecast and an analysis of the Aerospace Engine and Engine Parts Market on a global and regional level. The study provides historical data for 2015, 2016, 2017 and 2018 along with a forecast from 2020 to 2025 based on revenue (USD Million) and volume (Kilotons). The study includes drivers and restraints of the Aerospace Engine and Engine Parts Market along with the impact they have on the demand over the forecast period.

The significant key factors driving the growth of the Global Aerospace Engine and Engine Parts Market are rapid growth in demand for lightweight, new-generation, and fuel-efficient aircraft, owing to the emphasis on reducing greenhouse emissions. Furthermore, replacement of in-service aging aircraft with fuel-efficient aircraft is impelled by rising energy costs, which accounts for a significant share in the operation of commercial airlines. Additionally, rising emphasis to reduce total aircraft weight by using lightweight parts attempting to improve its energy efficiency is likely to have a positive impact on market growth.

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In terms of the regional analysis, North America dominates the market on account Canada, which leads in the production of turbine-powered aviation engines for business and commercial aircraft and copters. The United States is another prominent market in the region. Its market is slated to be boosted by a solid commercial demand and the increase in light jet production, despite a cut back on spending on defense due to reduced military activities overseas. Europe is another major market that follows North America in terms of market share. France and the U.K. are major producers of aircraft parts in Europe.

This report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency. It comprehensively evaluates the Global Aerospace Engine and Engine Parts Market with different perspectives for the purpose of providing a detailed, informative, and accurate analysis of regional growth, competition, market segmentation, and other important aspects.

Global Key Players:

1 CFM International

2 General Electric

3 International Aero Engines

4 Pratt & Whitney

5 Rolls Royce

6 Klimov

7 MTU Aero Engines

8 SNECMA

9 Tumansky and More………………..

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Product Type Segmentation

1 Engine

2 Engine Parts

Industry Segmentation

1 Passenger plane

2 Commercial aircraft

International Business News:

Rolls-Royce (July 03, 2020) - Rolls-Royce strengthens growth opportunities with Kinolt acquisition - Rolls-Royce is strengthening our business in power supply for safety-critical systems with the completion of the acquisition of Kinolt S.A., a Belgian-based specialist in dynamic uninterruptible power supply. We are already a leading provider of back-up power generation through our Power Systems business with its product and solutions brand MTU. This market has remained a growth area during the Covid-19 pandemic and is expected to grow in the coming years as customers look to further minimize their risk of disruption.

Uninterruptible power supply systems are used wherever stable electricity is required or a power failure would be extremely harmful, for example within data centres, hospitals or manufacturing facilities which operate sensitive processes. This acquisition is another important step on the strategic journey of Power Systems towards becoming a full-service provider of integrated solutions. Kinolt’s uninterruptible emergency power supply technology is particularly well suited to applications where space is at a premium, such as urban areas or installations in existing buildings, and complements our own MTU branded solutions for large scale and greenfield sites. As a result, the deal is expected to result in cost and revenue synergies and help support medium-term profitability and creation of long-term shareholder value in our back-up power generation business.

Andreas Schell, CEO of Rolls-Royce Power Systems, said: “The extraordinary times created by the Covid-19 pandemic have shown just how important it is to secure electricity supply to sensitive and critical infrastructure. The provision of uninterruptible power is vital in any situation and even more so today, as it ensures the provision of vital services such as medical care or the world’s continued flow of internet traffic. Without it, no public authority or company would be able to act in any crisis."

The demand for uninterruptible power solutions is expected to remain strong in the aftermath of the Covid-19 pandemic. The acquisition of Kinolt will give Rolls-Royce a leading solution for businesses and local authorities who experienced issues with supply, or came close to doing so, and do not wish to run the risk again.

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Major Points in Table of Contents:

Global Aerospace Engine and Engine Parts Market Report 2020

1 Aerospace Engine and Engine Parts Product Definition

2 Global Aerospace Engine and Engine Parts Market Manufacturer Share and Market Overview

2.1 Global Manufacturer Aerospace Engine and Engine Parts Shipments

2.2 Global Manufacturer Aerospace Engine and Engine Parts Business Revenue

2.3 Global Aerospace Engine and Engine Parts Market Overview

2.4 COVID-19 Impact on Aerospace Engine and Engine Parts Industry

3 Manufacturer Aerospace Engine and Engine Parts Business Introduction

3.1 CFM International Aerospace Engine and Engine Parts Business Introduction

3.2 General Electric Aerospace Engine and Engine Parts Business Introduction

3.3 International Aero Engines Aerospace Engine and Engine Parts Business Introduction

3.4 Pratt & Whitney Aerospace Engine and Engine Parts Business Introduction

3.5 Rolls Royce Aerospace Engine and Engine Parts Business Introduction

3.6 Klimov Aerospace Engine and Engine Parts Business Introduction

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